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 Replies: 20 / Views: 4,134 |
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Valued Member
United States
397 Posts |
Poll Question
Now that the reverse has permanently changed on the Lincoln Cent - how long will it be before we start seeing the memorial reverse showing up in bulk bins at our local coin stores? edited to add: NOW
Edited by Waredu
08/02/2010 3:43 pm
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Valued Member
United States
393 Posts |
Does anyone remember how long it took before wheat-back cents were starting to be offered in bulk bins in coin stores? I was a kid then but I remember wheat-backs being fairly common 10 years after production ended. I don't remember them being that common 20 years (1978) after production ended and face value then was worth more than the intrinsic value.
It's been almost 30 years and memorial back copper cents are still very common in circulation, and intrinsic value is worth more than face value.
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Pillar of the Community
United States
1745 Posts |
Here is the big difference:
Wheat cents (total produced) - 75 billion
Memorial Cents (total produced) - 462 billion
There were 6 times as many Memorials produced than wheats, I think they will be around a long long time.
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Valued Member
 United States
397 Posts |
The_Duke,
I can remember when coppers comprised 20-25% of all rolls just a few years ago. I now average less than 15% copper. As a comparison, I find less than 1% wheats. Do you think this is more due to saturation of zincs? Or hoarders such as myself pulling them from circulation?
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Pillar of the Community
United States
2602 Posts |
At my recent coin show, I say BU 60s and 70s Memorials in the 4 for a dollar bin. Don't know if there were any takers. So my answer would be NOW (not one of the choices)
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Pillar of the Community
United States
1882 Posts |
Are you considering the "bulk bin" to be an upgrade or downgrade in status? You can find them in 2x2 notebooks at stores/shows, sorted by year, or in 2x2 boxes. Just like other coins.
So I'd be voting "now", too.
Edited by steve199
08/02/2010 10:56 am
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Pillar of the Community
United States
2120 Posts |
I think it will take about 10 years before you see Avg Circ LMC's like you would wheaties in a bargain bin. Heres one no one is thinking about. How long until WEQ are in bargain bins. They've been out of production for 10 years now. Only problem is they still saturate the quarter field. I'd say about 30-40% of quarters I see are WEQ's. Still one day we will all wake up and realize they are becoming harder and harder to find. Just a thought. No one can know when until its already to late. |
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Pillar of the Community
United States
1534 Posts |
Interesting thread. In my opinion common, run of the mill Memorial cents will take a very long time until people start paying premiums for them, but nice high grade MS Memorial cents seem like they will do well, and I have seen some that are fairly high priced at shows. I doubt clad dimes and quarters in circulated condition will ever be worth much, as the common date silver Washington quarters ate only in high demand due to their silver content, and I don't really see the clad quarters or dime's metallic content to ever surpass their face value. |
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Pillar of the Community
United States
2120 Posts |
Yea thats a very good point, I guess we will see what happens.
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Pillar of the Community
United States
4085 Posts |
Quote:
At my recent coin show, I say BU 60s and 70s Memorials in the 4 for a dollar bin. Don't know if there were any takers. So my answer would be NOW (not one of the choices) Boy, I'd love to get my hands on those if they were nice examples... |
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Pillar of the Community
 United States
2448 Posts |
Guys, I've alrady seen them in dealers bulk bins. They are there now.
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Valued Member
United States
397 Posts |
Amazing. I would never have thought they were already in the bulk bins. We only have a few coin shops and just one coin show a year here in Austin, so I based my question of my (admittedly) limited exposure. The only bulk bins I've seen lately were Indian Head cents, wheat cents, Buffalo nickels, Roosevelt dimes, and Mercury dimes. |
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Pillar of the Community
United States
1213 Posts |
I think you need to differentiate between copper vs. zinc memorial cents. I don't think the zincs will be seen for 10+ years but I think the coppers are here now.
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Pillar of the Community
United States
1882 Posts |
Quote:
I don't think the zincs will be seen for 10+ years but I think the coppers are here now. Are you guys talking about circulated junk? Coin dealers sell BU zincs. I look through them for nice examples. |
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Bedrock of the Community
United States
19947 Posts |
Quote:
There were 6 times as many Memorials produced than wheats, I think they will be around a long long time.
There's a few things you need to consider before you just jump on "there's billions" bandwagon: 1) attrition 2) much greater worldwide distribution 3) general horrific quality, gems are tougher than you think 4) abused in circulation They may be around, but well-stuck, EDS, gems are indeed rare. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
2448 Posts |
I've never seen a BU in a bulk bin. I'll keep look though.
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Replies: 20 / Views: 4,134 |
Posted 08/02/2010 08:28 am
