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 Replies: 33 / Views: 19,743 |
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Valued Member
United States
218 Posts |
I have been seeing all over the net to save 2009 nickels and dimes. Just trying to understand why they are being sought after.
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Bedrock of the Community
United States
10284 Posts |
Word got out they were low mintage ( compared to other years ) and people hoarded them. Not many are floating around in circulation.
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Pillar of the Community
United States
3323 Posts |
I've been looking for many years and have never found one in circulation. Only copies I have are in mint sets. Haven't seen many of the special Lincoln cents in the wild, either.
Edit: my understanding of the lower mintage for 2009 nickels and dimes is that the government felt that there were more than enough of those coins in circulation and stopped minting early in the year.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
Edited by Bump111
07/16/2017 11:19 am
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Pillar of the Community
United States
634 Posts |
 , they are much harder to find than any other date of coin from 1970 or so to today, thus the hype. |
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Pillar of the Community
United States
997 Posts |
Like a lot of other circulating coins they have no extra value but are desirable due to the relatively low numbers minted. Other coins with no real added value often retained by circulation collectors include NIFC halves and dollars, Bicentennial quarters, copper cents (even during times of low copper prices) and Jefferson nickels prior to some cutoff date (Mine is 1960...) |
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Rest in Peace
10197 Posts |
I've search over 40,000 nickels in past three years. I find 2009D nickels fairly regularly, found four in last two boxes. Overall have found maybe 25-30 2009D's but only four 2009P's, and those were two years ago. Don't know @ dimes, not rich enough to tie up that much cash even for a few days!
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Rest in Peace
United States
17900 Posts |
There are far more of them saved already than collectors will ever need. Saving anything less than MS-65 is silly, in my book. What's considered low mintage is still a huge number.
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Pillar of the Community
United States
6130 Posts |
The Mint made the mistake of announcing the limited production before they shipped the coins out. They arrive in bricks of solid BU coins, so the lucky few who were at ground zero bought them all up. The poor schmucks who bought them on ebay for 5-10x face value will probably never suck up that loss and dump the coins at face. So even though there are millions of BU 2009 coins in boxes, in circulation they are as rare or rarer than many key dates. Mintages were low because the recession had people dumping their change at the bank for all of 2007 and 2008 to keep bills paid. There were enough older coins going back into the system that the Mint only made 2009 coins because they had to make *something* that year. |
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Pillar of the Community
United States
4085 Posts |
i got a handful of 2009 dimes when they first came out but I have never seen a 2009 nickel in circulation. Never ever.
Edited by KenKat
07/16/2017 4:06 pm
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Moderator
 United States
54280 Posts |
Denver 46,800,000 Philadelphia 39,840,000 Total 86,640,000 They made more Harrison $1 coins that year (98,420,000) than Jefferson nickels. But, hey, you never see one of those in circulation! |
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Moderator
United States
15395 Posts |
There is nothing rare about the 2009 USA mintage ... as stated above simply a lower mintage year as a result of a recession in this country.
Many tens of million of each denomination were minted ... and while perhaps 'scarce' to today's collectors' there are enough 2009 dated USA coins to fill the collectors needs forever.
David
Edited for splgening
Take a look at my other hobby ... http://www.jk-dk.artEdited by nickelsearcher
07/16/2017 7:57 pm
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Pillar of the Community
978 Posts |
Lowest mintage in 50 years. Since the economy was terrible people were cashing coins in so much that there was an abundance of them so the government did not need to mint that many but they had to mint some as required by law. As for me I have seen quite a few Quarters and Cents but have only come across 1 Dime and no Nickels. Any 2009 coin I find I take right out of circulation.
From what I heard they were done minting coins dated 2009 by the end of March.
Edited by ckrakowski
07/16/2017 8:35 pm
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Pillar of the Community
United States
997 Posts |
Quote:
... the government did not need to mint that many but they had to mint some as required by law. Not disagreeing, but just curious. Which coins are required to be minted by law? In 2009 I think these were: Pennies with the 4 designs to commemorate the 101'st year of mintage of the Lincoln Penny. Quarters with the DC/Territories designs Dollars with the Native American design. That leaves the nickels, dimes and halves. If the mint decided to could they have not minted them that year, at least for circulation like they do for halves? |
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Bedrock of the Community
 United States
12477 Posts |
Quote:Pennies with the 4 designs to commemorate the 101'st year of mintage of the Lincoln Penny. The 2009 Lincoln Cent designs commemorated the bicentennial of Lincoln's birth. The redesign was required by The Presidential $1 Coin Act of 2005 which also required some be minted in the original copper alloy. I think I've found one singular 2009 nickel from circulation but, I don't search rolls on a regular basis by any means. In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
07/17/2017 01:10 am
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Bedrock of the Community
United States
17884 Posts |
Quote:
If the mint decided to could they have not minted them that year, at least for circulation like they do for halves? Yes but had already minted them. What has to be realized is that it wasn't really the mint that came to the decision that they they weren't going to make them, it was the Federal Reserve. After the meltdown in the economy in 2008, everyone dug into their change jars and flooded the Fed with change. The Fed looked at their stockpiles and notified the mint that they had so much older coinage on hand that they were not going to be ordering any new coins for the foreseeable future. By that point the mint had already produced and shipped 2009 dimes and nickels, but then stopped production because they knew that no more would be ordered. |
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Moderator
United States
187834 Posts |
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Replies: 33 / Views: 19,743 |
Posted 07/16/2017 11:15 am
