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 Replies: 11 / Views: 1,690 |
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Valued Member
71 Posts |
Hey everyone,
I have not had any time to work on my collection lately but I was wondering how things may have changed in the numismatic world now that the penny is no longer in circulation. I was CRH for pennies last time I had a chance but that is no longer an option. I am still missing a few varieties of pennies and the thought of them being melted breaks my heart! Is the value of pennies increasing right now? Should I try and finish my 1 cent collection asap?
Thanks a lot and sorry if this has been asked before.
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Valued Member
Canada
286 Posts |
I noticed a spike in what they were trending at for a few weeks when the banks stopped issuing them, but the market seems to be trending back to normal.
I wouldn't worried about it the penny will be around for years to come.
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Pillar of the Community
Canada
785 Posts |
Yes, my local coin store has said there is a lot higher interest in penny collecting now that the pennies are gone, hence an increase in value. But I don't think your average steel/zinc penny will be worth over face any time soon.
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Pillar of the Community
798 Posts |
Yes it breaks mine too, there's Penny's in bank boxes out there that are under 1937 and no one is even looking for them, there just being melted. They have gone up in value and are not done yet either. Cash registers don't have them, people that do have them dont look for older ones. I wonder if this means I will be finding more older nickels now.
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Pillar of the Community
Canada
2805 Posts |
Just think how many 1936 dots they've melted :O (maybe one or two)
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Pillar of the Community
798 Posts |
Well, that depends on if there's any other ones out there. Another thing is that there also melting some American ones as well and I don't mean the common Lincoln cents, I'm talking about wheat cents, over at the mint there melting key dates of wheat cents and I just cant stand it. I saw a guy on here talking about how he got a 1909 S VDB in his change in Vancouver, the fact that there melting stuff like that with out even looking kinda makes me sad. Shame on you " RCM"  |
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Pillar of the Community
Germany
1064 Posts |
Surely this stuff only becomes rare when people melt them down. It might seem cynical, but you need holy grails in hobbies, and you need differents in amounts. Coin collecting is about history and history is happening right now. Do you stop it because of the collecting? That's debatable. I would like these coins, will probably never get them because I'm not canadian or living canada, but still.
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Pillar of the Community
1007 Posts |
I got two boxes from the bank on the last week they were available. I'll search through them when I have kids one day.
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Pillar of the Community
Canada
746 Posts |
I don't mind if they melt them because enough have been collected & carefully stored & cared for over the years. For example, the more 1936 dots that get melted now, the more value your 1936 dot has. And I sure won't miss some of those ugly, stained green ones or the low-grade common dates. Just my 2 cents...
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Valued Member
Canada
414 Posts |
Quote:
the more 1936 dots that get melted now, the more value your 1936 dot has. I don't think the '36 dot has any problems with low numbers, although many were minted only 5 are known to have made it out of the mint alive. |
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Pillar of the Community
Canada
618 Posts |
The back door job on the 1936 Dot should be treated as a crime.
The recovered coins should be returned to the mint as part of our heritage!
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Pillar of the Community
798 Posts |
See thats what I'm talking bout right there, lets round up a posse.   |
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Replies: 11 / Views: 1,690 |
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Posted 03/31/2013 11:38 pm
