Cents In '09, An Alternative Scenario

GFR3, I am having dejà vu... oh yeah...

https://goccf.com/t/24946



Also, look at how I have changed my view:

Before:

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However, the winds speak to me and say that after 2009, the One Cent coin is gone. I could be wrong, but it is the feeling I get

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After:

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Even though I personally believe we should eliminate it, I do not think the special interests would ever let it go

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That feeling must have changed, or the "wind" was my own hot air!

Did the various backs of the Jeffereson Nickel increase collector interest? I might say "yes", but in only those coins - the Buffalo, Handshake, Westward, etc. But I really think it did virtually nothing for the rest of the series.

And they're planning on doing the same for the Lincoln series. Do you really think a newbie is ready to roll up his/her sleeves and attack collecting well over a hundred coins just because there are a few new lincoln cents out there?

I think a lot of people are in for a rude awakening if they actually keep their speculative Lincolns into 1909.

As was said before, SELL NOW!!

The US Mint is asking that federal reserve bank to send all pennies roll at fed banks to there rolling shops to pull all copper cents out to save money on 2009 200th 4 coin sets

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The US Mint is asking that federal reserve bank to send all pennies roll at fed banks to there rolling shops to pull all copper cents out to save money on 2009 200th 4 coin sets

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hmmm...I've suspected that is what is to happen. I've heard a few accounts of people getting copper-skunked on whole boxes of circulated pennies. So now we know why its illegal for us to melt them--they want them for themselves! Could be good value wise though-if enough early memorials are melted, the remaining ones will rise in price and we'll all be able to make a few bucks selling on ebay...

jbuck, as a Mets fan to a Cubs fan I feel your pain brother lost causes have the tendency to be fun rides with disapointed (i.e. crying) finishies...

the 2009 Lincolns will attract a certian number of people ,, but not near the numbers of seasoned collectors that could have been attracted had they minted a 2009 VDB wheat reverse Lincoln Cent and a 1909-S VDB proof.

for some reason they have turned the coin into a Lincoln commemorative rather than a 100 year anniversary of the Lincoln Cent design .

Metalman

Great point, Carl! I never though about it that way, but I should have. When I was a kid, I was allowed to look through my parents' change to fill my folders. I was allowed to keep any cent for free, but the others came out of my allowance. Guess which folder filled up the quickest?

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The US Mint is asking that federal reserve bank to send all pennies roll at fed banks to there rolling shops to pull all copper cents out to save money on 2009 200th 4 coin sets

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hmmm...I've suspected that is what is to happen. I've heard a few accounts of people getting copper-skunked on whole boxes of circulated pennies. So now we know why its illegal for us to melt them--they want them for themselves!

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Very possible. There is precident. Back in the late 1960's and early 70's it was illegal to melt down the silver coins and the government went out of their way to try and convince the public that there was no reason to hoard the silver coins because they would continue to circulate alongside the clad coins for many years to come. The whole time they had at least two large separation machines and every dime, quarter and half that came into the Federal Reserve had to make the trip through the machine to have the silver separated out. It was indeed a case of "Don't hoard them and keep the silver circulating so we can gather as much of it for ourselves as we can." I could very easily see the same thing happening with the copper cents.

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When you stop and consider our country now has 300,000,000+ and a great amount of them are kids, if the 2009 sparks further interest in that series with those kids, the values of every date will grow massively.

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If that is how it happens then I would look for the massive price increase around 2029 after the vast majority of the young people who get interested put collecting aside and then come back 20 to 30 years later after their kids are pretty much grown. I don't care how many 11 and 12 year olds you have that get interested in an SVDB for a couple years, I don't see it making that much of an effect on the price until they grow up and have significant earnings that they can put towards the coin once their interest is rekindled.