Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Specializing in Modern Numismatics Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer Coin, Banknote and Medal Collectors's Online Mall Join Thousands of Coin, Bullion, & Money Collectors Royal Estate Auctions - $1 Coin Auctions








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

When Did Wheat Pennies Fade Out Of Circulation?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 24 / Views: 9,807Next Topic
Page: of 2
Pillar of the Community
jpsned's Avatar
United States
2207 Posts
 Posted 08/13/2011  7:14 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
I've been collecting since 1972. Back then it wasn't commonplace to find a lot of wheaties, but it wasn't unusual to get them in change, either. I collected tubes of every date (mostly P & D) from about the mid-1940s up to 1958, strictly from change. (I've never looked at bank rolls.)

I think they started tailing off for good somewhere in the 1980s.

Nowadays, I get a wheatie maybe every few months or so.
Edited by jpsned
08/13/2011 7:16 pm
Pillar of the Community
barryg's Avatar
United States
5855 Posts
 Posted 08/13/2011  7:24 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
I think it also depends on what part of the U.S. you are talking about. I've heard many times that folks here in the northeast where I live are more likely than most to pull "interesting" coins out of circulation and hoard them. Something to do with Yankee frugality or the like. Obviously, everybody here on this board will routinely check our pocket change for anything out of the ordinary, but I'm talking about regular folks who aren't coin collectors who pull out and set aside every single wheat back penny they find simply because it's different and might possibly be worth something extra.
Pillar of the Community
perfessor's Avatar
United States
927 Posts
 Posted 08/16/2011  01:51 am  Show Profile   Bookmark this reply Add perfessor to your friends list Get a Link to this Reply
I just got a Wheat penny in change the other day so they are still out there. But I think they are not common anymore because there were less made and many people hoard wheat cents and copper cents also. I don't think non-collectors are saving these at all, or only by chance. Most people don't even know what they have in their pockets. All the better for us that do know!
Pillar of the Community
Maineman750's Avatar
United States
3592 Posts
 Posted 08/16/2011  07:58 am  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
I have about three rolls of wheats on my desk right now that I've pulled in the last month...but I'm always searching bags of cents...guess it depends on how much change you deal with but I don't think there was a magic day or year, they just slowly get pulled.
Bedrock of the Community
United States
20753 Posts
 Posted 08/16/2011  10:35 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
They really never did just vanish from circulation. As already noted even some IHC's still pop up now and then. As long as people keep dumping old jars, cans, etc of coins sitting on a shelf in their homes back to a bank, Wheat Cents will always be popping up. You hear people saying how they find them in change today constantly. Many of us like to throw some into our change for the fun of it. I've done that with 1944's for a long time since they made a billion and a half of those.
Pillar of the Community
TheForce's Avatar
United States
4869 Posts
 Posted 08/16/2011  10:46 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
Don't get them in change too often, but I do find a handful roll searching a $25 brick.
Valued Member
ljenkins990's Avatar
United States
406 Posts
 Posted 08/16/2011  5:10 pm  Show Profile   Bookmark this reply Add ljenkins990 to your friends list Get a Link to this Reply
I see one every couple of months or so just in pocket change, but even when I started collecting in the late 1970's, they were already rare even then, when the newest Wheats were only about 20 years old.
Pillar of the Community
rachums107's Avatar
United States
3345 Posts
 Posted 08/16/2011  5:53 pm  Show Profile   Bookmark this reply Add rachums107 to your friends list Get a Link to this Reply
Where'd they all go? In my pocket! I find at least 15 every time I search a box. I think its the region.
Pillar of the Community
drdave's Avatar
United States
721 Posts
 Posted 08/17/2011  3:11 pm  Show Profile   Bookmark this reply Add drdave to your friends list Get a Link to this Reply

Quote:
I think they started tailing off for good somewhere in the 1980s.


I'll agree with that statement and with rachums107 that it depends on the region. Interestingly, I just finished sorting through 20 bank rolls of cents from 1984. These were saved back then by my mother-in-law who used to work as a teller. From my searching of these rolls, I would find many MS LMC, about 10-15 per roll, mostly from the early 19080-1984. However, I only found 3 wheat cents (40's and 50's). I also found 4 Canadian cents and 3 S-mint LMC. I know this is small number statistics, but with a hit rate of 0.3%, this is not too different from what it is now.
  Previous TopicReplies: 24 / Views: 9,807Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.3 seconds to rattle this change. Forums