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2009 Lincoln's - Possible new modern rarity?
Manorcourtman
Posts: 8,175 ✭✭✭✭✭
With four designs planned for 2009 is it possible due to lack of commercial demand the mintages on the 09 Lincolns could be very, very low? If the Banking system has no need for new cents there is no reason for the US Mint to fire up the presses. After watching the demand for the Log Cabin issue go through the roof due to lack of supply I am starting to wonder if we are upon a new modern rarity so to speak. I have heard of zero Denver issue coins and the Philly coins seem to have all come from DC and the opening ceremony in Kentucky. The Mint has promised to put out 2 roll sets but as usual their promises have been unkept. I was thinking the GEM Business strike examples would be real winners down the road but know I wondering about limited mintages overall. In 2 months when the second version of the 09 Lincolns come out I believe the first version will be history. Thoughts?
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My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
<< <i>Wanna bet there will be at least one cent available for every living man, woman, and child in this country for EACH of the four reverse designs. Steve
Time will tell.
a look at how the first 'small cents' were received:
>>When the Flying Eagle cents were first released on May 25, 1857, more than a thousand people wound around the mint building to convert their old Spanish coins and large coppers. Within the mint's courtyard was erected a temporary, wooden structure with two teller windows. Above each window was a sign reading, respectively, "cents for cents" and "cents for silver." The Philadelphia Bulletin described the scene: "Every man and boy in the crowd had his package of coin with him. Some had their rouleaux of Spanish coin done up in bits of newspaper or wrapped in handerchiefs, while others had carpet bags, baskets and other carrying contrivances, filled with coppers-'very cheap and filling,' like boarding house fare."
A secondary market for the small cents developed immediately, some people even paying a premium right on the grounds of the mint building itself. Soon enough, though, the "nicks" became commonplace and. by 1859 when the Indian cent design was introduced, the Mint had struck a total of 42,050,000 cents with the Flying Eagle design, more than enough for anyone who wished to have multiple examples. Snowden was successful in driving out the now-demonitized Spanish coins, and by 1859 it was estimated that some $2 million worth of the foreign silver pieces had been recoined into U.S. subsidiary coinage>>
Source Article (LINK)
www.brunkauctions.com
Checked with my bank, but was told they have so many pennies on hand from people bringing in OLD pennies, they never have a need to order any from the Mint...
WhadoIgoddado?
A Truth That's Told With Bad Intent
Beats All The Lies You Can Invent
Those coins that one stocks up on in vast numbers, will
in truth, be absolutely worthless.
Those coins that are passed over as trivial ,will soon
be regarded as having vast value to spare.
Camelot
<< <i>This is how murphey's Law actually goes for coins:
Those coins that one stocks up on in vast numbers, will
in truth, be absolutely worthless.
Those coins that are passed over as trivial ,will soon
be regarded as having vast value to spare. >>
Spouses! Spouses! Spouses!
<< <i>I heard Log Cabin Syrup is putting a new Lincoln Cent in their syrup jugs..a new variety.....
Yea, they can call it the Poison Zinc variety in the Red Book.
<< <i>
<< <i>I heard Log Cabin Syrup is putting a new Lincoln Cent in their syrup jugs..a new variety.....
Yea, they can call it the Poison Zinc variety in the Red Book.
According to this a penny has about ten times more zinc than
is needed for zinc poisoning.
It can kill small mammals including babies if fully digested.
From NN Mint STats 294,000,000 produced in Jan, 2/3 Denver.
Franklin-Lover's Forum
Remember the ZZ Topp/ REO Speedwagon Concert of '76
``https://ebay.us/m/KxolR5
Re : pg 101 of the official UHR thread.
``https://ebay.us/m/KxolR5
<< <i>Rubbish... there will be more than enough to satisfy demand. High grade coins may be another issue. Cheers, RickO >>
Send me your addy RickO
You won today's giveaway for the truth.
``https://ebay.us/m/KxolR5
<< <i>there only seems to be a shortage now because of the limited release SO FAR........trust me, the mint will churn out plenty of these before it's all said and done.......small cents of U.S. origin have a history of being hyped (pre-internet, no less)
a look at how the first 'small cents' were received:
>>When the Flying Eagle cents were first released on May 25, 1857, more than a thousand people wound around the mint building to convert their old Spanish coins and large coppers. Within the mint's courtyard was erected a temporary, wooden structure with two teller windows. Above each window was a sign reading, respectively, "cents for cents" and "cents for silver." The Philadelphia Bulletin described the scene: "Every man and boy in the crowd had his package of coin with him. Some had their rouleaux of Spanish coin done up in bits of newspaper or wrapped in handerchiefs, while others had carpet bags, baskets and other carrying contrivances, filled with coppers-'very cheap and filling,' like boarding house fare."
A secondary market for the small cents developed immediately, some people even paying a premium right on the grounds of the mint building itself. Soon enough, though, the "nicks" became commonplace and. by 1859 when the Indian cent design was introduced, the Mint had struck a total of 42,050,000 cents with the Flying Eagle design, more than enough for anyone who wished to have multiple examples. Snowden was successful in driving out the now-demonitized Spanish coins, and by 1859 it was estimated that some $2 million worth of the foreign silver pieces had been recoined into U.S. subsidiary coinage>>
Source Article (LINK) >>
Great story and thanks for posting it!
<< <i>I heard Log Cabin Syrup is putting a new Lincoln Cent in their syrup jugs..a new variety.....
............that'll be one sticky coin!!
I just sold my last Spouse coin a few days ago.
Thank You, God.
nice pic of the 2009 Denver spot coin.
I was a Monkey
Quality control has gone down the crapper....
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
<< <i>At the rate that the mint can mint cents today I don't believe the 2009 will be a rarity....Neither will the 1959 Lincoln Memorial cent... >>
It may not be widely available yet, it may be hyped by the hucksters who create the buzz about the coin, it may be snapped up at large premiums by "savy" colletors who just have to be the first on the block to have the newest mint product, but is it truly "rare"?
Not.
Hoard the keys.
In spite of all this, I'm looking forward to receiving my UHR this Monday. When and if I ever see a Lincoln Log Cent - I could care less.