The hype surrounding the 2009 Cents is because most collectors
haven't been able to get BU rolls of new Cents at their local bank,
as was generally true in years past. It's difficult to get
any2009-dated coins in BU rolls from a bank (generally speaking).
Early on with the
State Quarters, the economy was going gangbusters
and any bank could and did get tons of BU rolls of them. Now, with the
Cents, there's record numbers of coins flooding back into the Fed,
and the Fed made no provision for banks to be able to order the 2009
Cents within a certain time window as a 'commemorative' issue (unlike
the Quarters).
The interest in 2009 Cents is pretty much dependent on whether larger
quantities of BU rolls ever become available. If BU rolls are now
an 'endangered species' in this economy, and 2009 Cents continue to
just 'dribble out' individually in mixed circulated rolls for the next several
years, the situation will be more interesting....
Due to the above situations, it is possible that 2009 Cents may never enter
circulation in 'large' quantities, especially compared to the years
past. If they continue to leave the Fed only in small quantities for
the next few years, the smaller the quantity leaving, the more they will be hoarded.
Slow economies
do create collectible years of coins:
The
Morgan dollars of 1893-95 (just after the Silver Panic of 1893),
and many 1921 and 1931-33 U.S. coins. There probably wouldn't have
even
been any 1932 Quarters were it not for the desire to
commemorate the 200th anniversary of Washington's birth (in 1732)
with the 'circulating commemorative'
Washington quarter (initially
intended as a single-year only issue). Note that
no Quarters
were minted in 1931 or 1933!
If there were not the four commemorative Cent reverses for Lincoln's
200th birthyear anniversary, 2009 Cent production likely would have
stopped for the year already, as it has now for the Nickels and Dimes.
Posted 05/06/2009 9:19 pm
..... with Wif99 .... ....... YES ! ...
)
