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Search resuls for: "American Numismatic Association"


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Why the U.S. won't change physical cash
  + stars: | 2023-11-07 | by ( Mark Licea | ) www.cnbc.com   time to read: +2 min
The Federal Reserve will spend $931.4 million to print bills in 2023 — but there's a problem with U.S. cash. Physical currency has been updated around the world but not in the U.S., and while an increasing number of Americans are ditching cash for electronic payments, experts say cash isn't going away. In 2017, the $100 bill surpassed the $1 bill as the most popular currency denomination. Some speculate that the rise in $100 bills in circulation may be to avoid taxes or for illegal activity. … In the 1960s, the half dollar lost its place because it wasn't included in the use of parking meters," said Mudd.
Persons: Aaron Klein, Douglas Mudd, Franklin Noll, Mudd Organizations: Federal Reserve, Brookings Institute, CNBC, American Numismatic Association, Federal Reserve Bank of Kansas City Payments, U.S Locations: U.S
That's if you have a 1983 Lincoln penny, says Blake Alma, whose "CoinHub" TikTok account has over 850,000 followers. In 2017, the rare penny was auctioned for $7,050, according to Professional Coin Grading Service, one of the most popular third-party coin grading and authentication companies. What to look forThis special penny lacks a mint mark, according to Alma's video. A mint mark is the marking on the face side of a coin that indicates where it was created. How to cash in on your rare coin
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