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 Replies: 9 / Views: 1,565 |
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Pillar of the Community
United States
979 Posts |
2009 P Presidency
129,600,000 2009 P Presidency Minted/ US pop 313,914,040 =
0.41 coins per person.
Then subtract the ones that get ruined in circulation...
That is why I save 2009s I find in nice shape.
Since it comes up sometimes.
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Pillar of the Community
United States
1130 Posts |
That is a good point. I keep all of them unless they are ruined.
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Pillar of the Community
United States
1081 Posts |
I think your reasoning is flawed. I don't think using the general population to determine demand is correct. The vast majority of people don't care about the 2009 coins, or any coins for that matter. I don't know how many coin collectors there are in the US, but lets assume 20 million (which I think is high, especially if you consider how many of those collectors want a 2009 cent). Then you're at 6.48 per collector, more than enough to meet any demand. Unfortunately with modern mintages, the fact that these coins hardly circulate and the collector demand, I don't think these ever will be valuable.
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Pillar of the Community
 United States
979 Posts |
Good point, there are not many people who collect. However, pennies get really gross fast. Mainly because people throw them on the ground because they are so worthless.
Certainly not everyone in the US will want a 2009 Presidency, my point was that they couldn't even if they wanted!
There are enough for 2 in 5 people, minus the gross ones.
I don't kno about you guys, but I find more that I throw back than ones that I keep, mainly because they are usually dirty/damaged
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Valued Member
United States
455 Posts |
Quote:
I don't know how many coin collectors there are in the US, but lets assume 20 million According to Mike (the coin guy from HSN), it's a 150 million...which I always thought was really high.  |
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Valued Member
United States
71 Posts |
It depends what you call "coin collector". There are a lot less cent collectors then their are "silver coin or gold coin" collectors. A lot of people "collect" silver and gold coins recently purely because people want to own gold and silver and going to the coin shop to get silver and gold coins is an easy way to do it.
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Pillar of the Community
United States
1081 Posts |
Maybe I'm way off, although 150 million seems really high. That's almost 1/3 of the population.
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Valued Member
United States
449 Posts |
Quote:
Maybe I'm way off, although 150 million seems really high. ..even 20 mil sounds high. there isn't even very people on ccf! I have never met a serious coin collector in person, maybe a few who collect a few odds and ends.. i agree that its hard to find 2009 pennies that dont look like sh.. I mean poop.  |
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Pillar of the Community
United States
4897 Posts |
As has been said here many times many of these will survive in high grade. They likely will suffer the same fate as 1883 w/o Cents Liberty nickels. Will they be considered "key"dates....maybe....will they be hard to get or expensive......no. |
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Valued Member
Canada
306 Posts |
Don't forget about the ones that wound up north of the border in Canada (who knows what will happen to the ones that weren't hoarded now). I have found quite a few of them.
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Replies: 9 / Views: 1,565 |
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Posted 03/13/2013 08:39 am
