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 Replies: 20 / Views: 4,074 |
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Valued Member
United States
111 Posts |
So I been going through boxes of pennies lately. I've gone through 7 of them. In the photo I post will be all 60's cents I pulled from these rolls. Starting from left to right 60-69. I'm pulling everything 70's and older regardless of condition to check later. (along with 82's, 94's, 98,99,2000) So out of 175,000 pennies. I only came across 4 1965 cents. I'm going to pick up another 10 boxes this week and see if the result is similar. So it made me wonder. These cents more rare or just happened to be the boxes I got?  |
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Pillar of the Community
United States
3469 Posts |
Nearly 1.5 Billion (1,497,224,900) Lincoln cents were minted in 1965.
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Moderator
 United States
23522 Posts |
Just an averages anomaly in that box, I think. The Mint struck over 5000 tons of 1965's.  |
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Pillar of the Community
Canada
9159 Posts |
I just came back from camping for 3 weeks glad to see you back Dave.
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Rest in Peace
United States
4078 Posts |
He's back.  Not sure why the font is so small? |
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Rest in Peace
United States
17900 Posts |
You've probably didn't hit the right boxes for 65's. There are plenty of them forever and ever.
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Pillar of the Community
United States
3323 Posts |
You know, it's interesting. I'd say that the distribution in the last couple dozen rolls I've searched would almost mirror what you have there. Maybe not quite so many '69s but everything else lines up. Don't see a lot of '65s or '66s these days.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Valued Member
 United States
111 Posts |
Bump111: Interesting to know.
I'll come back to this post once I go through all the new boxes in the coming days/week. See if its the same.
I'm sure there are millions still out there. It would be interesting to know if they are far less then what people might think though.
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Bedrock of the Community
United States
17884 Posts |
They are lower mintage than the other years around them (1963 2.5 billion, 1964 6.4 billion, 1965 1.5 billion, 1966 2.1 billion, 1967 3.8 billion), but they are not rare by any means. The lower mintage was because of the 1964 date freeze that was placed on the coinage in 1964. Originally placed on all coins the Coinage act of 1965 changed it to a freeze on just the silver coins and 1965 coins began to be struck in June or even later, and that 6 month delay resulted in lower mintage that year.
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Pillar of the Community
United States
3323 Posts |
Well, I just received a 1965 cent in change from lunch... Go figure.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Moderator
United States
188213 Posts |
Quote:
Well, I just received a 1965 cent in change from lunch... Go figure. Now that is funny.  |
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Pillar of the Community
United States
2271 Posts |
It was a different world in 1965.
Not only was the mint furiously cranking out clads because the general public was pulling silver from circulation but this was an era where a cent actually had a small value. They were often used by the public in making change so they went back and forth to stores and the public rather than going from banks to stores to the public and often disappearing forever. Almost nobody discarded pennies in those days.
But they were still "small change" so attrition on them was staggeringly high at about 4% annually. By 1972 about 20% were already lost and the survivors were well mixed in. This was when inflation began making pennies obsolete.
Today most of these coins are just gone. Well over 90% have been lost to the ravages of time and a disproportionate number of the survivors (about half) are in the hands of people who save copper pennies. These have a very high attrition as well but much lower than the few left in "circulation".
I'd guess only about 100,000,000 survive. 3/4 million are pristine in SMS's, One million are pristine in BU rolls, And the other ~98 million are in hoards and "circulation" in typically VF+ condition with few over XF.
When you figure only 50,000,000 circulating it's not surprising you see so few. You would often see none if not for the fact that they are thoroughly mixed and few people would ever think of pulling them out special. Indeed, most are pretty ratty so they'll stay in circulation anyway.
Time don't fly, it bounds and leaps.
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Moderator
United States
188213 Posts |
Cladking, you always post commentary that gives real perspective. Thank you. |
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Valued Member
United States
406 Posts |
An excellent explanation, cladking!
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Bedrock of the Community
United States
94367 Posts |
cladking - Good info, thanks. Pilcrows - Well, there you have it. Set your sights a bit earlier!  to the CCF! Edited by Coinfrog
08/17/2017 6:12 pm
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Pillar of the Community
United States
2203 Posts |
I would be happy to give anyone any 1965s I find for face value. It's not a coin that floats my boat.
I can say, for sure, however, that as CladKing pointed out, the 1965 cent had some cache back then. I'm sure I used more than a few of them to buy penny candy.
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Replies: 20 / Views: 4,074 |
Posted 08/17/2017 09:07 am
