Pennies No More: What to Do with Your Coin Jars?

The U.S. Mint halts penny production, leaving millions in coin jars. Coinstar CEO Kevin McColly urges people to view their coins as valuable currency. With pennies and nickels costing more to produce than theyre worth, many Americans see them as nuisances. The average household has $60-$90 in neglected coins, enough to fill a beer mug. Coinstar converts $3 billion in coins into cash annually. The pennys retirement could lead to a surge in nickels, causing government losses. Without pennies or nickels, paying for fifteen-cent items and the quarters role are uncertain. Rare pennies can sell for millions, but most people wont have such valuable coins. If you believe you have a valuable coin, have it authenticated and graded by professionals.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.