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Disappointed In Lincoln Cent Distribution

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TheForce's Avatar
United States
4867 Posts
 Posted 07/27/2009  6:40 pm Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
Its disturbing the fact that pretty much the only way to get the new Lincoln's you have to pay a massive premium for something an ebay seller bought at face value from their bank. If they were lucky enough for their banks to have them of course. Just doesn't seem fair they are hoarded preventing them from entering circulation. All I want is a few nice P&D coins with no spotting. The Log Cabin P&D single coins I just got from ebay were terrible. I would hate to spend $14 for a roll just to get a couple decent specimens.
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DNA's Avatar
United States
2734 Posts
 Posted 07/27/2009  7:22 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
If you think the Cents are bad, try the 2009 Nickel and Dime 'distribution' (or more accurately, non-distribution).

They should be selling rolls of all of the business strike sub-25¢ coins directly to collectors through the Direct Ship Program.

It would be a win-win situation: The Mint would make more coins and more profit, and they would go directly to those who want them.

Yeah, I know, it just makes too much sense (and/or Cents!) to do it that way!
Edited by DNA
07/27/2009 7:23 pm
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bill069's Avatar
United States
608 Posts
 Posted 07/27/2009  7:34 pm  Show Profile   Bookmark this reply Add bill069 to your friends list Get a Link to this Reply
It's only a matter of time, and you will see them everywhere.
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ratman4762's Avatar
United States
2520 Posts
 Posted 07/27/2009  7:42 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
I haven't seen any rolls of "splitters" around here but did get 8 rolls of P "cabins". I tried selling them here but had no luck. I'm still looking to sell a few if the price is right.
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United States
1026 Posts
 Posted 07/27/2009  8:55 pm  Show Profile   Bookmark this reply Add Brucec to your friends list Get a Link to this Reply
Well I had no problem getting about 25 rolls of the LP1 from my bank but they merged changed names and now are not getting the LP2 I gave up can't find them anywhere same with the Guam I did get them but who know with the next one.

I think the US Mint should offer the direct mail program for all the new coins they release now as more and more banks are not getting them and they are almost impossible to find.

I do get the Mint sets of the LP1 and LP2 that is the only way I got the LP2
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Gary Burke's Avatar
United States
3730 Posts
 Posted 07/28/2009  12:15 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
Just looked through 10 rolls of cents and didn't find a single 2009.
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markapsolon's Avatar
United States
207 Posts
 Posted 07/28/2009  01:56 am  Show Profile   Bookmark this reply Add markapsolon to your friends list Get a Link to this Reply
Does anyone know why the 2009 dimes/nickels are so hard to find this year? 2008 P were pretty hard to find too. I have been asking around at all my banks with no luck. It is like the new penny search..lol
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wetglaswegian's Avatar
United States
917 Posts
 Posted 07/28/2009  02:15 am  Show Profile   Bookmark this reply Add wetglaswegian to your friends list Get a Link to this Reply
It wasnt the only way to get LP1's or LP2's at all , to avoid the highwaymen of ebay all one needs do is subscribe on the mint page.
As Ratty points out , not so long back this forum was awash in them.
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DNA's Avatar
United States
2734 Posts
 Posted 07/28/2009  02:17 am  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
Reason #1 for the scarcity of 2009 coins in circulation: The enormous
'backwash' of existing coins coming back into the Federal
Reserve, starting with the stock market 'crash' in the fall of 2008.
"The Great Coin Jar Cash-In of 2008+" is no joke!

Reason #2: The Federal Reserve made no provision for banks to be able
to order the 2009 Cents as Commemorative Issues, as they have done
with the State/Territory Quarters and Presidential dollars. There has
also been a dramatic drop in banks ordering new Quarters and Dollars,
due to their existing stockpiles and massive numbers of coins coming
back into the banks.

Reason #3: The Federal Reserve also made no provision for banks to be
able to order the new Native American dollars, so we now have a
business strike coin that can only be obtained directly from the U.S.
Mint! (unless you're lucky enough to find one in circulation
that someone got from the Direct Ship program and spent it!)

Reason #4: The mintage of 2009 business strike Nickels and Dimes was
announced to have been ceased for the rest of the year, in April.
Oddly enough, 484,000 Nickels were made at the Denver Mint in June,
and they all went straight to the Federal Reserve!
Edited by DNA
07/28/2009 02:20 am
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jbuck's Avatar
United States
187702 Posts
 Posted 07/28/2009  2:04 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Well said, DNA!

It would not be so bad if the Mint Sets still had business strike coins and not the special satin finish coins it has now.
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markapsolon's Avatar
United States
207 Posts
 Posted 07/28/2009  11:29 pm  Show Profile   Bookmark this reply Add markapsolon to your friends list Get a Link to this Reply
thanks DNA!
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BadThad's Avatar
United States
19935 Posts
 Posted 07/29/2009  10:26 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
All I want is a few nice P&D coins with no spotting.


I have some bad news for you....they all have spots. The higher grade ones just have fewer spots. Based on the ANACS 67's I got, the level of the black spots is a big factor, even deep hits seem to be forgiven. I don't at all agree with the grading process, I can live with the water spots, but I really can't live with a 2-mm long deep hit.
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chris12018's Avatar
United States
2130 Posts
 Posted 07/30/2009  2:28 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
I have minimal spots if any at all on my LP1 p/d & LP2 p/d.
Edited by chris12018
08/01/2009 8:46 pm
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tornandfrayed75's Avatar
United States
447 Posts
 Posted 07/30/2009  11:33 pm  Show Profile   Bookmark this reply Add tornandfrayed75 to your friends list Get a Link to this Reply
The new Cents seem "to me" to be more and more prevalent. I have been traveling the country since early June and have found both Log Cabins and Slackers in almost every city I've been to. I ask if they have rolls if I see any in their drawer or get 'em in change, everywhere I go. I also just stop in at random banks and ask.I have so many rolls of both and each mint mark now, that I've started spending them and mixing them in when I re-roll from roll hunting.

If you can't find them at your bank....go to another bank, if they don't have them....go to another bank and ask them.

I guess I'm lucky 'cause my job pays me to travel to concerts all over the place.

Just keep looking, and keep asking, and you'll find 'em.
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Arjmuat's Avatar
United States
17 Posts
 Posted 07/30/2009  11:44 pm  Show Profile   Bookmark this reply Add Arjmuat to your friends list Get a Link to this Reply
Yeah... me too.
But the first 2009 I saw in circulation was a Formative Years.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 08/01/2009  11:56 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Friday I found 5 Log Cabins and 1 Splitter from two different places in change received !.....that's the first "showing" here in NE. Kansas that "I'm" aware of !
They're heeeeerrrrr'rrreee ! ......
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