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Where Have All The 2009 Lincoln Cents Gone?

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janknez's Avatar
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 Posted 05/02/2018  12:18 am Show Profile   Bookmark this topic Add janknez to your friends list Get a Link to this Message Number of Subscribers
Whenever I am in a store or restaurant that has a little dish for customers to put their unwanted pennies in, I shamelessly paw through it to see if there is interesting I need to own.

A couple months ago it occurred to me that I hadn't seen any 2009 Lincolns Bicentennials in a long time, and now I am specifically looking for them and coming up without any. Neither have I gotten even one in change.

What has become of them all?
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spru's Avatar
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 Posted 05/02/2018  12:32 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
From what I understand, they were relatively low mintages to begin within and add on top of that the collectors/dealers who hoarded rolls, then you have a relatively scarce coin to find in circulation.
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United States
112 Posts
 Posted 05/02/2018  12:43 am  Show Profile   Bookmark this reply Add Occirats to your friends list Get a Link to this Reply
2009 was the 100th anniversary of the Lincoln Cent and the 200th anniversary of the birth of Lincoln and not as many produced to other other years.(millions compared to billions)..I think they are being collected from what I heard..i got some but have not seen any fourth release...I also found 2009 nickels very hard to find after going through about 200 of them,for I don't know why..The 2009 dime is also suppose to be significant to collectors for I don't know why..I got some info about this on youtube 'Coins for Amateurs' channel for what its worth I don't know, but if you want to check it out maybe it'll tell you something
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 Posted 05/02/2018  02:00 am  Show Profile   Bookmark this reply Add Groszy to your friends list Get a Link to this Reply
Simple answer: all 2009 coins are hard to find in circulation. Production of nickels and dimes were halted in April 2009. The mass production of cents and quarters were also halted.

Quarters and cents had to continue production due to legislation demanding it (territories for the quarters, bicentennial of Lincoln's birth for the cents)

The reason for the halt was a massive dump of loose change from a lot of Americans as a result of the Great Recession...people were desperate enough for cash that they finally went to a bank with it.

Too much change, not enough demand for fresh, production halted.

Producing the lowest mintages for coins in almost 50 years.

Hoarding ensues. People think they'll get rich off of them. Unless they get dumped and destroyed in circulation, the issues with billion-sized mintages will be the ones worth something in high grade (hardly anyone collecting them)
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chafemasterj's Avatar
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 Posted 05/02/2018  07:54 am  Show Profile   Bookmark this reply Add chafemasterj to your friends list Get a Link to this Reply
Thank you Groszy. Great information.
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
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 Posted 05/02/2018  08:15 am  Show Profile   Bookmark this reply Add nutmeg to your friends list Get a Link to this Reply
I have seen none in change.
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Numisma's Avatar
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 Posted 05/02/2018  08:18 am  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
The only denomination I have ever found in significant numbers are the quarters. Now, come to think of it, I haven't run into any of those in a while, either.
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jpsned's Avatar
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 Posted 05/02/2018  09:17 am  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
It's funny, I sometimes wonder, why didn't people in the past save all those rare dates that are worth a lot of money now?

Simple: Just like the 2009s, you couldn't find them. Not to say that the 2009s are going to worth a lot, because they do exist in hoards. But if they don't magically fall into your hands, you'll be hard-pressed to locate them without extra effort.
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ty88ty2's Avatar
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 Posted 05/02/2018  09:36 am  Show Profile   Bookmark this reply Add ty88ty2 to your friends list Get a Link to this Reply
2009 cents are relatively common for me atleast when roll hunting. I see a 2009 quarter once and awhile(I keep these). I have found 4 2009 nickels CRHing(two from each mint). I have yet to find a 2009 dime however.
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oih82w8's Avatar
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 Posted 05/02/2018  09:48 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
I have a couple of rolls of each Type in a box...just sitting there.
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Conder101's Avatar
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 Posted 05/02/2018  11:11 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Where have they gone? They were never here. Since 2009 I've seen two LP1, two LP2, and one LP3.


Quote:
I sometimes wonder, why didn't people in the past save all those rare dates that are worth a lot of money now?

Mainly because they didn't know they were rare dates. Most of the rare coins from the 19th and 20th century are from the branch mints not Philadelphia, and for the most part until the 1930s nobody paid any attention to branch mints. Secondly unlike today, there was no way to know what the mint production was until the annual report of the mint director came out in February of the following year. In the 19th century most collectors simply purchased a piece from the Philadelphia mint by mail for face value plus postage. Very little attention was paid to the coins in circulation they were allowed to wear, be lost, or even redeemed at the mint.
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derekscoinshop's Avatar
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 Posted 05/02/2018  11:53 am  Show Profile   Bookmark this reply Add derekscoinshop to your friends list Get a Link to this Reply
I have a nice set of one roll of each of the 2009's.
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Finn235's Avatar
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6130 Posts
 Posted 05/02/2018  11:58 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
An unopened roll of 2009 cents would sell for $5-8 on ebay during the initial craze; I saw boxes go for over $300. Nickels and dimes were similarly hot items. The poor schmucks who paid those prices will never let them go for face value, but clueless inheritors might dump the hoards in a few decades.

As for me, I'm guilty as charged. I was in college and working retail as a cashier. Between girlfriends and living at home - I had a lot of disposable income to roll hunt! I was able to snag 6 rolls of LP1 from my bank, and then in June or July we got multiple boxes of 2009 LP2s and a box or two of DC quarters. I was able to talk the cash office into letting me buy 25 rolls of cents, and I got an additional ~8 rolls worth in loose coin. The LP3s came in mixed rolls - I was still able to amass a few hundred. LP4s never made it to us; I still have less than 5 coins from both mints. I kept two rolls of DC quarters. I still have them all, although I still kick myself for not selling all but one of each on ebay!
Edited by Finn235
05/02/2018 12:05 pm
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kbbpll's Avatar
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 Posted 05/02/2018  2:08 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
I have one #2 sitting on my desk, that I got in change a few months ago, the only one I've ever seen in circulation. In fact I had no idea they even existed, since I wasn't following new US coin designs much. It does seem a little odd to see so few, since they minted 2.354 billion of them, which is almost 8 for every person in the country. I guess every 100th person has 800 of them stashed away?
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jbuck's Avatar
United States
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 Posted 05/02/2018  2:19 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I rarely see any 2009 coin in change, let alone the cents.
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BadThad's Avatar
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 Posted 05/02/2018  5:40 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
From what I understand, they were relatively low mintages to begin within and add on top of that the collectors/dealers who hoarded rolls, then you have a relatively scarce coin to find in circulation.


Exactly!
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