Ever Wondered How Many Wheat Cents Is Still In Circulation ?

"Still in circulation" is a somewhat vague term, given the propensity for people to sort, separate and collect them out of circulation, only to have them re-enter circulation again years later when the hoard/collection is broken up and banked or spent.

Most of the wheat cents you find in change or rolls today would have been released from a hoard or collection of some kind relatively recently. I suspect the number of wheat cents that have been in continuous circulation since they were issued and never been hoarded, collected or lost and found again is very small indeed.

Hoarding is also a somewhat vague term.

Would say accumulating 2-3 years worth of pocket change be considered hoarding? What if you filled a jar with coins for 20 years simply because you never got around to cashing them in? Is there a distinction to be made between a collector hoarding coins and the average household coin jar?

I think hoarding in the traditional collector sense is when you hold a coin with the intention never to release it back into circulation. Defined as such, my gut feeling is that most LWC finds are not the result of collector hoarding. If the household penny jar is considered hoarding then I agree with you completely.

went through 2 boxes today and recued 20 more from world.i think I have around 65,000 saved back now.my neighbor has around 100.000 and another guy I know has around 100,000 a retired bank teller told me yesterday she is ready to sell her savings of wheats.shes guessing over 5,000 I guess I will buy them.that 270,000 with just us three people.later greg