Ireland could remove one- and two-cent coins from circulation
- Published: Jun 15, 2015, 6 AM
1. Irish government set to scrap small-denomination coins
According to The Irish Independent, the Irish government is expected to decide to withdraw one- and two-cent coins from circulation.
After local trials were a "massive success," the Independent reports, the country's finance minister, Michael Noonan, is expected to present a memo detailing the withdrawal of the denominations to Parliament on Tuesday.
Sound familiar? The Eastern Caribbean Central Bank is doing the same thing.
Like the U.S. penny, the Irish one- and two-cent coins cost more than their face value to produce.
2. Finland announces series of €5 sport coins with attractive features
The Mint of Finland is launching another series of noncirculating €5 collector coins with a series showcasing sports.
The nine-coin Sports Coins program debuts with a July 6 release of the first design, celebrating gymnastics, and continues into 2016. Online presales of the coins begin June 24.
The scimitar cat is the second honoree in the Royal Canadian Mint’s Prehistoric Animals series.
4. Auto mechanic's valuable Chinese error note has gained some major attention
Numerous reports tell of a 36-year-old auto mechanic in Chongqing named Zheng who has had the note in his pocket for years. Zheng reportedly received the 100-yuan ($16) note printed in 1999 as part of his wages.
5. Precious metals pricing
Kitco.com listed the following prices per ounce as of 10:38 a.m. ET Monday:
6. Hot topics
Check out the three most-read stories of the last seven days:
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