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2009 P & D Coins Rare?

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Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 02/15/2011  11:06 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Why is 2009 such a rare year?

Economic downturn at the end of 2008 resulted in a huge number of people depositing their spare change jars for cash in order to make ends meet. This gave the Fed a HUGE glut of excess inventory so they greatly reduced their orders for coins from the mint becaus they didn't need them. This meant much lower than normal mintages.

But are the coins rare? Hardly. 39 million coins snapped up and squirreled away in hoards in Unc condition, and there are maybe 2 million serious or semi serious collectors in the country. As I keep pointing out, the last nickel with a mintage that low was the 1959 with 30 million and it wasn't subjected to the rabid hoarding the 2009's were. What does a roll of 1959 BU nickels sell for fifty years later? About $4. What would it have to sell for to have just kept up with inflation? $9 (assuming a 3% inflation rate) And there are a LOT more Unc 2009 nickels.
Bedrock of the Community
United States
20753 Posts
 Posted 02/15/2011  11:22 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
The reason all 2009 coins are so rare is this:

Quote:
I'm glad I save them when I come across them. I have quite a few rolls of both nickels and dimes from 2009


For some reason the now famous 2009 Lincoln Cents started a boom on stockpiling rolls of everything. At coin shows I now see many dealers with massive amounts of rolls of 2009 coins. They too are jumping on the band wagon of rolls.
For some reason people have switched from coin collecting to roll collecting. I suppose next will be by weight so a collection will be something like I collect 100 pound bags of Nickels or something like that.
Pillar of the Community
United States
1315 Posts
 Posted 02/15/2011  11:52 am  Show Profile   Bookmark this reply Add Doucet to your friends list Get a Link to this Reply
A few 2009D dimes in New Mexico, no nickles yet.

A dealer here said the mint was still holding most of the rolls. (can anyone confirm?)

I don't know, but I wouldn't want to get stuck with a 125.00 roll if they are and let out sometime soon.
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