Will Bulk Wheats Ever Increase In Price?

There has been a lot of speculation that this year's redesign of the cent will spark increased public interest in Lincoln Cents. I think anticipation of this event has a lot to do with the increased value of wheat cents the past few years.

If the speculation proves to be true, then this year might see a a spike in Wheat cent values. It seems unlikely that a spike in value could be a sustained increase, since the supply is so great; but 2009 just might be THE year for bulk wheat cents!

At most coin shows I've gone to all Wheat Cents USED to sell for $3 a bag of 100. That was about 5 or more years ago. Many dealers had them for about that price.
Now the same dealers sell a bag of Wheat Cents for $8 to $10 for 100. They do not promise any S or D mints. One dealer does state some S, D and a few 43's. Many of the dealers at the coin shows I go to don't sell bulk Cents of more than a 100 at a time. Not sure why buy most just have them in paper bags.
My prediction is the standard, well circulated, Wheat back Cent will be selling for about $10 each in about 500 years. This would be a great time to start planning for that.

Since 2007 you cant melt copper by law and we have only taped into 10% of the copper on the planet so there is 90% left to dig up so theres a vast amount in the earth the good news is that copper will always be needed for high tech computer componet boards and what ever else its needed for I think copper wire has 99.9% copper and lincolns before 1982 some have up to 95% hope this helps !

Good point just carl

I watched the Modern Marvels episode on copper last night on the History Channel. Very interesting! It made that statement regarding how abundant copper is.

Saw the same show Jbuck. It also stated recycling is cost prohibitive to bring it back to 99.9% pure needed for most industrial use. But check your plumbing in the future, there may be some Lincolns in your water pipes.

This is going on everywhere. It's one of the reasons I defend the series. There was plenty of Memorials minted and plenty of them saved in MS condition, but I feel the number left in the wild has greatly diminished. Nobody cares about the cent anymore, it's the most lost and abused coin series ever.

That is the way of life for coins.

Metal---Coins----Metal

90+% of coins will be converted back into the metal at some point. If they ever stop using the cent and go to a 1/20 of a dollar vs 1/100 dollar pricing, then what is going to happen to all those cents? They are going to get melted. All those old pre Euro coins likely got melt. A lot of pre1964 silver got melt over the years too.

-SFWUSC