LOOSE CHANGE: NOVEMBER 2, 2025

With the production of the U.S. penny coming to an end and the Federal Reserve limiting penny deliveries, Giant Eagle has announced a penny exchange day that will allow customers to earn double the amount they turn in.

The Pittsburgh-based grocery announced Tuesday that on November 1, they will be collecting pennies in exchange for double gift card rewards.

From 11 a.m. to 4 p.m. on Saturday, customers that bring their spare pennies into any Giant Eagle or Market District will receive a gift card that is worth double the number of pennies exchanged.

To read the complete article, see:
Giant Eagle offering gift cards in exchange for spare pennies (https://www.audacy.com/kdkaradio/news/local/giant-eagle-offering-gift-card-in-exchange-for-spare-pennies)

Now store clerks don't know what to do when their tills are bare and someone needs change in pennies from a cash purchase.

The temporary solution for many, Mr Jeon said, is rounding the price of the sale up or down to the nearest five cents so the customer can use a nickel, the next lowest tender in the US.

But some cities, including New York, require retailers to give exact change and others don't allow cash payments to differ from card payments for the same item, Mr Jeon said.

To avoid lawsuits and customer complaints, many retailers have chosen to just round down.

"You're talking about losing up to four cents for every cash transaction across multiple stores across the country," he said. "It's unsustainable."

Many stores are now urging customers to pay in exact change. Others are hosting promotions for customers to bring in extra pennies they have at home.

Convenience giant Kwik Trip has announced it is rounding down to the nickel, which it says will cost it up to $3m (£2.3m) this year. To read the complete article, see:
https://www.bbc.com/news/articles/c20556ly45eo (https://www.bbc.com/news/articles/c20556ly45eo)

 

When I attend a numismatic auction, my focus is generally pretty dialled-in on items we'll be able to buy and resell to customers at a fair price. Very seldom do I come across something that really appeals as a side project, lot 66 in Noble Numismatics Auction 138 (March 2025) was an exception.

The lot description read: "GEORGE V, halfpenny 1917I struck with quarter anna obverse. Shallow strike, extremely fine and unique. Ex Pridmore Collection with his ticket stating 'Fabrication?'""

Major Fred Pridmore (1914 - 1980) was a British numismatist, he wrote several definitive books on the coinage of the British Commonwealth and was an unequivocal numismatic expert - I have perhaps half a dozen of his books in my library. If he didn't declare this coin genuine, then chances were it wasn't. The fact that the term "Fabrication" on his ticket was framed as a question intrigued me though, it led me to believe he hadn't completed his research into the coin.

To read the complete article, see:
A 1917 Fantasy Mule Halfpenny - Nearly But Not Quite Genuine (https://www.sterlingcurrency.com.au/blog/a-1917-fantasy-mule-nearly-but-not-quite-genuine/)

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