| Author |
 Replies: 15 / Views: 1,156 |
|
|
Pillar of the Community
United States
618 Posts |
|
|
|
|
Pillar of the Community
United States
6326 Posts |
For us Ultra Modern coin collectors........this is VERY interesting !
And it makes you wonder about 2010 as well......or even the next year.
If Mintage numbers for 2009 coins are cut 70% - 80%........WOW !! Then it'd be wise to "cabbage on" to any and all of these in quality MS grades that we can........HECK !!.......even in "lower quality grades" if they're going to be THAT SCARCE !
|
|
Valued Member
United States
198 Posts |
Yes indeed, with the 2009 and 2009-D Jefferson nickel's coming in at under 40 Million apiece, it looks like the days of mintage's in the Billions are behind us for awhile, kind of shades of the early 1930's isn't it? The banks are awash in previously minted coinage and they just don't need the extra production. I have to wonder if it will affect the mintage figures of the new Lincoln Cents still being produced.  It seems we live in interesting numismatic times indeed. ~ Jim |
|
Pillar of the Community
United States
2602 Posts |
Still, 40 million Jefferson nickels, while low by modern standards, is still relatively common. Most of the Jeffersons from the 40 and 50s with this kind of mintage are still considered commons today, 60 years later. |
|
Pillar of the Community
United States
3294 Posts |
I am in agreement with mycrob on this one. once the mintage gets below 10mil, then I might get some interest.
|
|
Pillar of the Community
United States
2602 Posts |
I would add that you should be careful about paying too high a premium on these 2009 coins. The Lincoln cents are a great example, selling for $4-8/roll and the price will crash to $1-2/roll at some point.
|
|
Pillar of the Community
United States
3294 Posts |
|
|
Valued Member
United States
99 Posts |
I'd have to agree with the above posters about these coins being not that big a deal yet. I think the craze over 2009 cents is blown way out of proportion and will eventually calm down as they actually enter circulation. They will enter circulation . . . its just slow due to low demand for cents by banks at the moment. Same with other 2009 coins, they'll eventually get into pocket change, just not as fast as recent previous years.
Patience!
|
|
Bedrock of the Community
United States
19931 Posts |
Thanks for the news, very interesting.
I suspect for the Lincoln cents the 3rd and 4th designs will be especially scare.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
|
|
Valued Member
United States
90 Posts |
I agree with the above. I would not pay any premium for 2009 nickels and dimes.....but if I come accross several nice ones in a roll I will stash them away. Perhaps when my grandson gets to be an older man these coins will be worth something.....perhaps.
|
|
Pillar of the Community
United States
2541 Posts |
I never like to be a Debbie Downer, but most of the time when people know that mintages will be low ahead of time, people hoard many mint state coins. This is true with 1950-D nickels. People paid big money for BU rolls in the 1960s and have yet to break even.
|
|
Bedrock of the Community
United States
10284 Posts |
Still, it would not hurt one bit to snag as many rolls as one could at face value form the bank if you get lucky enough to get any.
Out of a roll of 50 or 40 coins, theres always the couple that are the best examples of the roll. I plan on grabbing a few MS69 full step nickels and sitting on them as usual.
|
|
Pillar of the Community
United States
2602 Posts |
Perhaps the only coins to really look out for in 2009 are the 2009 P & D JFK half (1.7 million each), and the SAC 2009 dollar from Denver (only 700,000). I think they are down minting those coins for the year.
|
|
Moderator
 United States
187702 Posts |
Quote:
I never like to be a Debbie Downer, but most of the time when people know that mintages will be low ahead of time, people hoard many mint state coins. This is true with 1950-D nickels. And the 1931-S Lincoln Cent! |
|
Pillar of the Community
United States
2734 Posts |
The 2009 Sac. production figures are for the calendar year 2009 and do not include about 11 million 2009-D and 5 million 2009-P coins that were minted in December 2008. The Mint has sold over 800,000 2009-D Sac. Native American dollarcoins just in the premium-priced Mint Rolls (as of April 15th). I just received a 2009-D N.A. in my Light Rail change, and I wonder if it's one of the 98 of those coins that I spent in Jan./Feb. '09.  |
|
Valued Member
United States
442 Posts |
Many good comments here. If I find rolls of anything at face I'll hang on to a few. I won't go out looking for them.
When I see figures like 40 million, 10 million, 2.7 million etc. it really does not strike me as low.
Take the JFK halves for example. Sure, it will be a "low mintage" coin. You can ONLY get them from the mint or a dealer that has ordered them from the mint. So, as with the 50-D nickel BU examples will abound.
NOW, finding a real nice one is a different story. We ordered bags for inventory at work. I sorted them as they dump P and D into a bag and the quality is HORRIBLE.
Horrible quality and the Mint charges a premium for them. Gp figure.
Now the "low mintage" thing is coming into play and people are scrambling for nickels and dimes.
Wonder how long it will take the mint to start pushing roll sets for these denominations?
|
| |
Replies: 15 / Views: 1,156 |
|
Posted 05/01/2009 1:53 pm
