| Author |
 Replies: 16 / Views: 3,445 |
|
Rest in Peace
United States
18456 Posts |
Most all of us save any wheat cents that we find no matter what condition . Why do we bother hoarding common Wheaties in say AG to F when they have no value higher than 2 or 3 cents each . Probably because we know they have stopped striking these coins and will never be brought back . Now the future Cent collectors will most likely start hoarding the Lincoln Memorials because of the same reason , ( they stopped making them ). By that time there will be very few if any Wheaties to be found. It will be like us finding a IHC roll hunting .  Comments welcomed . |
|
|
|
Pillar of the Community
United States
1901 Posts |
I never thought about that. Pretty good point you have there. They will also hoard 2009 cents to I would think since they were 1 year mintage.
|
|
Pillar of the Community
United States
1303 Posts |
I wonder what the numbers are for young coin collectors today, versus 50 years ago? I would have to say it's quite a bit smaller.
|
|
Pillar of the Community
United States
900 Posts |
Where I live, ~90% of the cents I receive in change are shield cents. Of those, ~50% are 2017 P. It seems likely to me that people are already pulling memorial cents out of circulation. Conversely, ~75% of the quarters I receive in change were minted between 1965 and 1998. An overwhelming majority of the remainder are Statehood Quarters and a few (~5%) are ATB. I've never received a 2009 US Territory quarter in change. I don't coin roll hunt. I hope I'm not too far off topic. |
|
Rest in Peace
United States
17900 Posts |
Anyone saving LMC should consider it fun only. Unless it's a super high grade the mintage of most of them are astronomical. Since cents can't be melted like dimes, quarters, halves, and dollars can, and have (half dimes, trimes,20 cent, if you must), they won't disappear into the melting pot. More 1964 quarters have been melted than still exist, I'd bet, but they are still dirt common. Common will always be common unless you believe in an extremely long life. Those who are buying $2 ancient Roman will tell you that even that doesn't work. |
|
Pillar of the Community
 United States
6514 Posts |
Whenever I CRH Lincoln Cents I toss any decent grade copper Memorial into a penny bank box. I've got a couple of boxes full and quietly tucked in the joists in the basement ceiling. Someone, someday, will find them. Hopefully my kids or grandkids a long time from now.
|
|
Pillar of the Community
United States
1695 Posts |
I assume CRHing cents will not be possible in the far future, when cents are not likely to be minted anymore.
|
|
Valued Member
United States
392 Posts |
I do some CRH and save LMC because I have some albums to finish. I may have saved a few more than I need because it's fun to find and sort them. I may toss more back in the future after I build up a collection by year of LMC. I don't think I would CRH if I found only 1 or 2 Wheats in the 500 pennies that I check. Not enough reward for my time. In my mind I think they will harder to find later. But as I read on the forum - toss them back and buy better coins With the money makes sense too. |
|
Valued Member
United States
406 Posts |
I hope I live to see the day when LMC's are as rare in change as LWC's are today... |
|
Bedrock of the Community
United States
94367 Posts |
|
|
Valued Member
United States
175 Posts |
I have been taking the wheats that are in bad shape AG and throwing them back ( I do check dates to see if it is a rare date) I am starting to send back all common LMC's of copper that I have kept; they are not going anywhere on price that's for sure. |
|
Pillar of the Community
5464 Posts |
I take my AG wheats and throw them back as well, in the hopes a young person finds it and sparks their interest in collecting. Heck, all of our collections will most likely end up in their hands one day anyway.
|
|
Pillar of the Community
United States
2270 Posts |
Quote:I hope I live to see the day when LMC's are as rare in change as LWC's are today... This could happen much sooner than anyone imagines even if the government doesn't remove pennies. Between the general public hoarding copper coins and the zinc coins corroding so quickly the percentage could drop very fast. Add in the fact that pennies aren't worth anything any longer and people just throw them away causing massive mintages and the memorials could be getting kindda few and far between in only ten or twelve years. Time don't fly, it bounds and leaps.
|
|
Moderator
 United States
187702 Posts |
|
|
Pillar of the Community
United States
2608 Posts |
Quote:
Add in the fact that pennies aren't worth anything any longer and people just throw them away causing massive mintages and the memorials could be getting kindda few and far between in only ten or twelve years. Not to mention that many of the LMC's might one day become condition rarities in MS, as may much of the clad coinage, because few people bothered to save them when they came out or set them aside now.  |
|
Pillar of the Community
United States
1795 Posts |
In coin roll hunting Cents, I keep all the wheaties I find. On an average I get 5-15 a box and the number is usually 4-8 if that! There getting pretty hard to find. 2009 and memorial cents are hard to find as well. I usually look for errors especially on the 1988/89 and the 2000 for WAMS (wide A M) in America on the reverse. I also look for any oddities such as counter stamped, toned, or anything really strange mint damage or other. With the wheaties I save them up and add those which I need for my albums that I have for cents.
|
| |
Replies: 16 / Views: 3,445 |
Posted 02/18/2018 10:01 am
