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How Many Members Are Collecting Lincoln Cents

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collectorplay's Avatar
United States
137 Posts
 Posted 04/04/2013  07:12 am  Show Profile   Bookmark this reply Add collectorplay to your friends list Get a Link to this Reply
Like a lot of collectors here I started collecting Linclon wheaties as a kid. I currently have several tubes from teens to 50's, a Whitman album of circulated almost complete, and a Dansco album with mostly AU about half complete. Last year I started a mint roll collection of the shield Lincolns, trying to get them from trading or asking retailers, to keep from paying $3-$4 a roll at coin shows.
Valued Member
bumma's Avatar
United States
51 Posts
 Posted 04/04/2013  07:56 am  Show Profile   Bookmark this reply Add bumma to your friends list Get a Link to this Reply
I never had the desire to do anything with the Lincoln Cent except throw them in big containers. I did, however, get a couple of folders the other day 1941-present and am almost done filling in the holes. I've also started looking for errors.
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ghostrider's Avatar
United States
1116 Posts
 Posted 04/29/2013  9:05 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
I save pennies on a few levels:

: Save every wheat backed penny I meet

: Save all copper pennies

: All good looking pennies no matter the date are saved

: All 2009 pennies are saved no matter the quantity.

I recently came accross some old Whitman albums of mine that date back at least 20 years. I'm currently in the process of combining that collection with another collection that I purchased and am really interested to see what I have and what I need or am missing.
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GR58's Avatar
United States
11951 Posts
 Posted 04/29/2013  9:30 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Ghostrider
Sounds like you are putting a nice hoard of Lincoln Cent away.

I know how easy it is to keep getting so many coins, that it gets hard getting the best coins into one set.

For me I have rolls and rolls of Lincoln cents .. and Washington quarters .. that I have never searched.

Good luck with your collection.
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mcshilling's Avatar
Canada
9160 Posts
 Posted 04/30/2013  08:08 am  Show Profile   Bookmark this reply Add mcshilling to your friends list Get a Link to this Reply

Quote:
For me I have rolls and rolls of Lincoln cents .. and Washington quarters .. that I have never searched.


'Unsearched roll for sell' sorry GR58 I couldn't resist
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GR58's Avatar
United States
11951 Posts
 Posted 04/30/2013  10:08 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply

Quote:
'Unsearched roll for sell' sorry GR58 I couldn't resist



I guess understand ... that did sound like a ebay auction ..

So I should have said that better .. most of the rolls of Lincolns I have are uncirculated .. some I got from banks, in the 70's and 80's .. some from collections I have bought and sold.

I keep telling myself I will search though them .. looking for high grade coins .. but never seem to have time.
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panzaldi's Avatar
United States
18664 Posts
 Posted 04/30/2013  10:21 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
ghostrider, why 2009?
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ghostrider's Avatar
United States
1116 Posts
 Posted 04/30/2013  11:09 am  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
panzaldi for me it is a question of numbers. 2009 mintage accross all issues amounted to 2.3 billion coins, you have to go back almost 40 years to find that low of a mintage which was caused by the economic downturn that stymied the need for coins. 2009 was a low water mark for a number of coins with the production of some coins ceasing for the year in March or April.

Couple the low production volume with many people (myself included) buy mint rolls because they liked the issue there just are that many in circulation. To the belief of some, there will come a time when people who have mint rolls will dump those rolls on the market or back into circulation. However, I don't think that this would have much of an impact because of the low production numbers. In fact, based upon what I've seen while doing roll searching the "Presidency" is almost non-exixtant in circulation. Less that 390 million coins over 2 mints just isn't a lot of coins for circulation.

Take a look at the coin facts on this forum to see.

However, for me I just plain old like the year's issue and am willing to save what I come accross (which quite frankly isn't a lot). Roughly estimating the numbers, I've found a many 2009 pennies in the boxes I've searched as the number of wheat backed coins that I've collected over the past year (both issuances).

But that's just what I've observed. You may find something different plus I asmit that I'm no expert on anything.
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ghostrider's Avatar
United States
1116 Posts
 Posted 04/30/2013  11:20 am  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
panzaldi by the way, when I started this project I reacted to what I was told by others who seemed to know more than I did. 2009, because of the economy, was quite a low water mark for all circulalting coins. You have to go quite far to see compatable numbers. Some of the my circulating albums still don't have circulated coins for this year. I just don't buy circulated modern coins.
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skyshark124's Avatar
United States
1109 Posts
 Posted 04/30/2013  2:35 pm  Show Profile   Bookmark this reply Add skyshark124 to your friends list Get a Link to this Reply
I know a lot of people collect all the 2009s they find. I don't do it, but I just choose not to. I will say I have a BU roll of all four designs from P and D mints though, just in case one day the world comes down with "2009 Lincoln Fever" or something. But overall, it's interesting how many collectors do hoard all the 2009s they can get.
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jokingjoker's Avatar
United States
2150 Posts
 Posted 04/30/2013  2:51 pm  Show Profile   Bookmark this reply Add jokingjoker to your friends list Get a Link to this Reply

Quote:
But overall, it's interesting how many collectors do hoard all the 2009s they can get


And that's the reason I feel we will never see a big price jump
In these, just like bi-centennial quarters. But hey, that's just my opinion.
Valued Member
United States
396 Posts
 Posted 05/03/2013  7:55 pm  Show Profile   Bookmark this reply Add BigAppleBucky to your friends list Get a Link to this Reply
My very first collection was Lincoln Cents. I had a complete non-error circulating coin (back to that in a minute) set except the 1909 S VDB. I finally pulled the trigger and bought one for myself last year.

My album GEM-5 album has a spot for that 1922 no D, but no spots for the 1909 S over horizontal S, or any of the other error coins. Why is the 22 so special? The GEM only goes up to 1961. I have a 1959-current date Littleton album which does not include proofs. I have a few proof sets but I'll be darned if I'll break them up.

Maybe I need to go whole hog and aim for a complete 22 no D plus proofs set, but I haven't decided on that yet.
Valued Member
mvc's Avatar
United States
138 Posts
 Posted 08/16/2013  01:35 am  Show Profile   Bookmark this reply Add mvc to your friends list Get a Link to this Reply
Does having thousands of Wheat Cents sitting around count as a collection?
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skyshark124's Avatar
United States
1109 Posts
 Posted 08/16/2013  04:45 am  Show Profile   Bookmark this reply Add skyshark124 to your friends list Get a Link to this Reply

Quote:
My very first collection was Lincoln Cents. I had a complete non-error circulating coin (back to that in a minute) set except the 1909 S VDB. I finally pulled the trigger and bought one for myself last year.

My album GEM-5 album has a spot for that 1922 no D, but no spots for the 1909 S over horizontal S, or any of the other error coins. Why is the 22 so special? The GEM only goes up to 1961. I have a 1959-current date Littleton album which does not include proofs. I have a few proof sets but I'll be darned if I'll break them up.

Maybe I need to go whole hog and aim for a complete 22 no D plus proofs set, but I haven't decided on that yet.

This irritates me too. My album has a 22 no-D space but no space for other errors. I do not think error coins belong in a circulation set so I have no intention of buying the 22 no-D. BUT...one day I may decide to do so, just to fill the hole with something other than a blank planchet. This will be after I complete a second set though and have a lot of other things I want in life, like that new cabin cruiser boat and part-ownership in the Texas Rangers and things like that.
Valued Member
shootnstarz's Avatar
United States
477 Posts
 Posted 08/16/2013  10:36 am  Show Profile   Bookmark this reply Add shootnstarz to your friends list Get a Link to this Reply
I didn't really plan on collecting pennies but the collection I inherited is mostly cent coins. I have probably a thousand in 2x2s plus rolls upon rolls of BU wheats and memorials. There's probably at least 100 IHCs, '88 being the earliest I've seen.

These coins belonged to a part time coin show dealer so most have a price marked, some in the $15 to $20 range.

I'm not really a big penny collector. I like silver. I have no idea what to do with all these pennies, they really all need to be checked to see if the grade matches the coin.

And no, I didn't see an '09, I think a '11 is the earliest Lincoln I've seen.

Rick
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