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Is It My Imagination, Or Have Wheat Pennies Disappeared?

 
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Pillar of the Community
United States
796 Posts
 Posted 02/24/2020  12:52 pm Show Profile   Bookmark this topic Add Coincollector110 to your friends list Get a Link to this Message
I haven't logged on here in forever but one thing that prompted me to return here was the fact that I began collecting coins seriously about 5 years ago at this time of the year. One thing I remember happening was the fact that wheat pennies were uncommon, but generally findable in circulation if you kept looking. Now, it seems like they've all been hoarded since I can't remember the last time I found a Wheat penny at all. I'm not complaining about anything but it's just an observation I made that I thought I'd share.

I don't go out of my way to CRH, so most of the money I find comes from the vending machine coin returns at school and the Coinstar reject bins in the rare instance that there's actually money there. Back when I worked at the pharmacy (from September 2015 till May of last year), I found wheat pennies so often, I wouldn't even trade it out if it was from the 1950s since I rarely remembered to keep change on me and usually didn't feel like getting a pocket full of change from trading a dollar for an equal amount in coins when I was counting down the registers. Now it's the exact opposite, I haven't found a Wheat penny in MONTHS, not even in the Coinstar rejects when checking.

Is this something that's across the board where others are finding less wheats than 5 years ago, or is it just a regional thing?
Bedrock of the Community
United States
32608 Posts
 Posted 02/24/2020  1:16 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I'm sure it is different for everyone.I CRH and find 10-50 per box on average.
John1
( I'm no pro, it's just my humble opinion )
Searched 5+ Million Cents Since 1971
Valued Member
United States
485 Posts
 Posted 02/24/2020  5:21 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
It's been consistent for me over many years--about 1 every 600-700 coins. Commercially-wrapped and customer-wrapped rolls are my sources. Had one massive find a few years ago--a few customer-wrapped rolls solid with wheats.

Since my frequency of cash purchases has declined the last 10+ years, I don't come into contact will 'change' much these days.
Valued Member
United States
69 Posts
 Posted 02/29/2020  12:03 am  Show Profile   Bookmark this reply Add briton to your friends list Get a Link to this Reply
My son and I just found 80 of them in a box. Only two pre 1940's tho
Pillar of the Community
United States
714 Posts
 Posted 02/29/2020  08:31 am  Show Profile   Bookmark this reply Add joecoin to your friends list Get a Link to this Reply
Perhaps the fact that you no longer work in the pharmacy has something to do with it?
Bedrock of the Community
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United States
12942 Posts
 Posted 02/29/2020  08:47 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I think the problem is their being hoarded by not only collectors but the general public . Lets face it; a heck of a lot of people out there all over the country knows what Wheat Cents are and look like . Now take into consideration how many are held by dealers all over the world , how many lost for any reason , etc.
Proud Member of The Black Sheep Squadron !
Pillar of the Community
United States
843 Posts
 Posted 02/29/2020  11:49 am  Show Profile   Bookmark this reply Add Silver Eagle to your friends list Get a Link to this Reply
It's not your imagination-everything is disappearing , both wheats and silver
Pillar of the Community
United States
3462 Posts
 Posted 02/29/2020  12:07 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
People have had 60+ years to pull them out of change, so yes, they are few and far between at this point.
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