Sign of tougher times ahead
coastaljerseyguy
Posts: 1,671 ✭✭✭✭✭
Only pennies but someone must have broken these out from some collection or piggy bank. Got the 79 year old 46 in Starbucks earlier in week and today received these 40+ year old, lightly circulated pennies from Manhattan Bagel. They were so shiny thought they were clad crap you normally get in change.
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Comments
I routinely spend/ cash in hundreds of BU Memorial cents going back to 1959.
As a dealer it’s not profitable for me to holder and sell them.
I can’t agree that finding these in change is a sight of tougher times ahead.
It's not practical to try and get more than face value for bronze Lincoln Memorial cents. If someone wants to prove me wrong, they're welcome to give me a net profit on those I have in an old coffee can.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I agree that I can't agree.
I agree that neither of you agree, nor do I.😉
It seems like quite a leap to find a group of cents like that in change and take it as “a sign of tougher times ahead”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Wait, people still pay in cash?
Yes, only worth 1 cent but someone held these for a long time.
That doesn't really mean much, perhaps they were held for a long time and then spent by an heir who was informed (correctly) that they are only worth face value. Your logic doesn't track, now if you get a few gold quarter eagles back in change then you might be on to something.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
From where I sit, you could break open a box of cents and find these all day long.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
I put Buff nickels and indian cents into the change stream a lot some culls some not..... also I open rolls of 1960 - 74 cents and spend those also.... Just for fun...
Nothing here to see!
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maintenance Crew Chief and Contracting Officer.
My current Registry sets:
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
I think we're all in agreement.
With mintages in the billions, that was inevitable.
I pulled a lovely 1972 (or was it 1976) uncirculated red brown cent from pocket change last week.
Agree people may have been holding these and either gave up on hoping for a profit or just need the cash. But it’s fun to find nice 40-50 year old coins in circulation. I love that you respect coins enough to check the dates. Nothing is more fun than thinking it’s a red 2024 and seeing it’s copper.
This week I received a 1946 cent and a 1959 cent from a store automatic checker.
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My wife has been helping her 80yo mother, who used to own a restaurant business and has a lot of bottles of coins still, move recently.
She came home and told me about it and that she just plans to dump them at the credit union to convert to cash.
It's not "the economy is bad for her" bit, but rather the "too busy to search the coins to see if there is any silver or anything of value". I've told her to at least check for silver but she has been too busy, and too tired, and says it isn't worth her time.
I may step in and just have her bring them home and I'll look.
Just mentioning this because there are various reasons for this and not just "tough times"
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment