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 Replies: 93 / Views: 6,815 |
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Bedrock of the Community
United States
19106 Posts |
I have two, and in some cases three plastic tubes each full of zinc core P and D Lincoln cents--from those of '82 through 2023 (not quite so many from 2024, yet). Around 70% were pulled from circulation over the years (mix of customer wrapped rolls and cash transactions), the remaining were pulled from fresh bank rolls supplied by a commercial coin service provider (Loomis and other). My criteria for pulling was primarily condition (in addition to 'interesting' issues here and there). I'd estimate that 92%+ of my stash is MS62-64, maybe another 6%+ MS65. A trace amount were >MS65. Some of these fill designated Dansco album holes. The remainder reside in 2x2s. I check the earlier years every so often--popping open a tube and gently examining surfaces. Some coins have taken on a mild tone, most are the same as the day they were captured. In no case have they shown signs of zinc rot. Of course, the storage environment for the tubes is rather stable, so that's a contributing factor.
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Pillar of the Community
United States
2270 Posts |
The longer it takes until pennies are discontinued the more that will end up in the garbage stream at that time. A good handful of pennies isn't even enough now to buy a loaf of bread. Few people are going to bother to redeem a few pennies in a drawer. Many households will throw out dozens if not hundreds of pennies in the months and years after they are discontinued. Worse, some people will put them in their pockets to get rid of them in cash transactions which will waste the time of everyone in line. This is significant.
There are already many hundred of millions going into the garbage stream every year and this will spike after discontinuance. The difference is that if they are recalled now nearly 50% will be redeemed but every year we wait this rate will decrease.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
3535 Posts |
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In case y'all are wondering where all the copper cents went: I've always wanted a Copper Penny Floor!   Be sure to wear your "Patience Cap", that could take some time. |
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Pillar of the Community
United States
2270 Posts |
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I've always wanted a Copper Penny Floor! Fingerprints are bad enough but I draw the line at toeprints. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
3535 Posts |
Is this a Toeprint on my '68-D Lincoln One Cent or a Toe Fungus error?
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Bedrock of the Community
United States
19106 Posts |
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Pillar of the Community
 United States
1887 Posts |
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Do like those floors  That one is very well done.. like the copper penny equivalent of a Turkish rug. No hard shoes or boots please; only slippers and socks allowed..  |
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Pillar of the Community
United States
2270 Posts |
Is that yours?
It's beautiful.
I know it's only $1.77 per square foot but I imagine it's another 50c for epoxy.
Time don't fly, it bounds and leaps.
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Moderator
 United States
187446 Posts |
A lot of time, too.  Still looks cool.  |
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Pillar of the Community
978 Posts |
Not going to happen.
Both the zinc and the state of Illinois would sue.
I think maybe the gov of Kentucky would sue but Moscow would not.
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Moderator
United States
187446 Posts |
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Both the zinc and the state of Illinois would sue. We know how to appease Big Zinc... replace the nickel in the five cents coin. As for Illinois... Lincoln is still on the five dollar note. Most of my extended family is still there are they could not care less about the cent, let alone who is on it. However, they will come at you if you tried to put anyone else on the five dollars!  |
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Valued Member
United States
399 Posts |
Good morning, Coin Community. First, let us not forget that currency collecting has been around for years; and it's made its name.
Topic: Removing physical penny/cent from circulating.
Issue: Costly, etc.
My thought: Lets first understand eliminating something physical coins from circulation and collecting currency are two different animals.
Question:
1. Can an idea of removing physical penny/cent from circulation affect coin collecting? NO.
2. What would happen to my rare, mint error penny/cent collection? It will become more valuable; and scarce.
3. Should I throw all my pennies away? NO. A copper penny is worth more than a penny.
Therefore, eliminating the cents from historical currency would not affect currency collecting, and the historical currency. Thank you.
Edited by Dough101
02/04/2025 11:33 am
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Bedrock of the Community
United States
19106 Posts |
I'm tired....off to reheat some lasagna...
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Moderator
United States
187446 Posts |
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Therefore, eliminating the cents from historical currency would not affect currency collecting, and the historical currency. Thank you. Quote:
I'm tired....off to reheat some lasagna...  |
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Valued Member
United States
399 Posts |
I made spaghetti last night. And I still have lots of leftovers. Delicious; I ain't complaining  |
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Replies: 93 / Views: 6,815 |
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Posted 01/31/2025 09:37 am
