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 Replies: 22 / Views: 3,459 |
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Pillar of the Community
United States
624 Posts |
Even with lower than normal mintage numbers of 2.3 Billion total pennies in 2009 split between 8 coin/mm combinations I feel these are all so stored away, and hoarded by the roll, or box that they will never be rare. That even a hundred years from now you will have more bu pennies for sale than you will have collectors trying to get their hands on them. I have only seen about 20 in the wild and I tossed them all into my modern collection. I assume others must be doing the same as I so rarely see them, and have yet to see one worn down, or well circulated.
I am sitting on about 60 rolls. Should I even bother or should I trade them in for something different?
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Bedrock of the Community
United States
19931 Posts |
Nothing rare or even scarce, they were hoarded like the 31-S. The LP4 are the lowest mintage (other than the satins) and there's plenty to go around for collectors.
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Rest in Peace
United States
17900 Posts |
No one living today will ever see them have any particular value. Rather than the 31-S I would compare them to the 1883 no cents nickel.
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Bedrock of the Community
United States
11951 Posts |
I agree ... not rare
There will always be plenty of Lincoln collectors,
but there will always be enough 2009 Lincoln cents
to meet those needs.
If you like them, pick several of the best ones for
your collection and dump the rest.
Edited by GR58
02/26/2016 10:32 pm
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Pillar of the Community
 United States
624 Posts |
I have a 50 roll box of Homestead D's and am planning some renovations in the new house. Was thinking of wrapping it correctly and sealing it up in the wall for somebody to find 100 years from now. I think that is the way it will give me the most enjoyment. :) I feel in 2100's that will make somebody's day.
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Pillar of the Community
United States
3278 Posts |
Package it up with some sulfur. (Toning) All I found when I removed the lathe and plaster from my 100+ year old house was a beer bottle. I was hoping for a nice IHC. |
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Rest in Peace
United States
18456 Posts |
Well you guys just burst my bubble. I'm sitting on a little over 100 rolls between the 8 date/mm thinking they will be sort after by future collectors. Oh well the only ones who will know will be my grandchildren.
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Moderator
 United States
54280 Posts |
No Lincoln Cent that they make billions of will ever be truly rare by any reasonable definition. Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
4211 Posts |
 Sounds like a good idea Mayflower! Someone will have a real treat way down the time line for sure. |
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Valued Member
United States
343 Posts |
I like the idea of putting some in the wall but a whole box?!? I've found a few wheaties in my remodeling career, nothing too rare or valuable though. My friend found an 18something Seated dime 3 feet underground digging fenceposts. Lucky the hole went right there... |
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Pillar of the Community
Russian Federation
5172 Posts |
Quote:
No one living today will ever see them have any particular value. Rather than the 31-S I would compare them to the 1883 no cents nickel. (For those not aware: 1883 "no cents" nickels were hoarded so much that now they're actually less valuable than the later 1883 "cents" variety - especially in higher grades - despite the latter having about twice the mintage of the former.) In the longer term, however, there's zinc rot to consider. The 2009 cents are going to rot exactly like all the other Zincolns, and IIRC even combined they're the rarest date of the Zincoln series. So perhaps a few hundred years later there would be very few surviving examples (or, at least, very very few examples that aren't rotted to nigh-unrecognizability). (That said, do your typical methods of roll or box storage help against zinc rot? I suspect they might, but I don't know if it's ever been properly established. Anyone wants to open a roll of mid-1980s zinc cents to figure out what they look like today? If they do, it could well be that a few hundred years later the 2009 cents are still known in decent condition, while there are very few known nice examples of other Zincoln types.) And, of course, if zinc ever becomes valuable enough for melting to be worth it, all bets are off - this is why we see so (relatively) little silver. |
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Pillar of the Community
United States
2270 Posts |
If I had a bunch I'd check them for Gems and varieties. I'd save a few of them and stabilize them in alcohol and keep them in a safe place with low humidity.
Most of them I'd just dump into circulation.
It's very unlikely these would ever go for more than a few dollars a roll and that price wouldn't be sustainable because there are so many.
A large percentage went into circulation but even a small percentage of such a large mintage is a lot of coins. Don't forget though that these don't appear (as zinc) in mint sets so Gems could be a little more elusive than most dates.
Time don't fly, it bounds and leaps.
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Bedrock of the Community
United States
19931 Posts |
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In the longer term, however, there's zinc rot to consider. Not if properly stored. I have loads of 80's Zincolns that look like they just came off the coining presses. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Bedrock of the Community
United States
19931 Posts |
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Don't forget though that these don't appear (as zinc) in mint sets so Gems could be a little more elusive than most dates. No, but the Mint sold tons of the LP roll sets. However, how many people would be willing to tear open those sets to look for gems? |
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Valued Member
United States
449 Posts |
they are only worth as much as someone is willing to pay ,there will always be somebody willing to pay extra for them. therefore they will have some value in my opinion.
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Pillar of the Community
United States
3755 Posts |
Quote:
,there will always be somebody willing to pay extra for them. therefore they will have some value in my opinion Precisely. I sell them on a semi regular basis. They have value, just not tens or hundreds of dollars. |
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Replies: 22 / Views: 3,459 |
Posted 02/26/2016 9:38 pm
