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Days after President Kennedy’s assassination in November 1963, the engravers at the U.S. Mint began work on a coin in his memory. When the Kennedy half dollar reached the public on March 24, 1964, the first 26 million coins vanished so fast that the Mint’s director told Congress they “went up in smoke in 1…

It’s not just weather forecasters who are watching how El Niño will unfold; investors are paying attention too. What Is El Niño? El Niño is a warming of surface waters in the Pacific Ocean. It arrives every two to seven years and typically lasts about 10 months. The warming ocean waters impact weather patterns across…

Reach into a jar of old wheat pennies and one coin will stand out immediately: a Lincoln cent the color of a dime. The 1943 steel penny is the only circulating U.S. coin ever struck in steel, born in a single wartime year when the Mint surrendered its copper to the war effort. More than…

In 1917, the U.S. Mint changed a coin design mid-year, something that had almost never happened before. The reason was sculptor Hermon MacNeil’s original depiction of Liberty on the Standing Liberty Quarter, which showed her right breast exposed beneath a flowing gown. Whether the public outcry was as widespread as legend suggests remains debated, but…

Federal Reserve Holds Key Interest Rate Steady, Inflation Remains High Despite September consumer prices at 3.7%, the Federal Reserve failed to take action to bring inflation down today. The central bank held their key interest rate steady at 3.75-4.00%, as inflation climbs. Two Fed members, who wanted the central bank to raise interest rates to…