So I went to 6 Banks and Walmart today looking for 2009 dimes and nickels and........

Manorcourtman · May 2, 2009 6:04AM

NO dice, nada, nothing, not a trace of any new 09 coins. NW Ohio is high and dry of new coins. No "pennies" either. The dimes and nickels are going to be scarce coins! Most of tellers were happy to sell me coin as they were apparently flush with newly turned in coin. The terrible economy has led to numerous people resorting to rolling coin for much needed cash. All locations said they no longer get new coins because the public is oversupplying them with rolled coin. Back to your regularly scheduled program

coasterfan · May 2, 2009 6:21AM

This might make it more likely that the 2009 nickels and dimes will get absorbed into circulation. They might not appear until 2010, after the hoopla over the low mintages has died down. This, I think, would be a good thing for their value.

tahoe98 · May 2, 2009 6:24AM

...........this really is prime time for roll searching.

GritsMan · May 2, 2009 8:35AM

Interesting! I've struck out on pennies, too, but here in Montana, the territorial quarters seem to be fairly abundant despite the lower mintages.

cladking · May 2, 2009 8:45AM

<< ...........this really is prime time for roll searching. >>

A lot of nice coins removed from circulation as well as gem states issues
are appearing in circulation. One can put together some pretty impressive
sets right now.

A couple weeks back I got an AU '79-D type "d" reverse quarter. There
probably aren't 1000 nicer of these in existence and most are worn down
to an unattractive F/ VF now days.

coinman420 · May 2, 2009 11:01AM

i can get all the new quarters i want. i cannot get any other denomination of 2009 coin though....

i looked on ebay and there are NONE. they say that the mintage of log cabin lincoln cents is less than 1 per person in the US population but this year`s quarters look to be way less than that. JMO

edited to add: to clarify, no 2009 nickels or dimes on ebay.

collegecoincollector · May 2, 2009 11:10AM

It is because I have them all!

I'm actually about to save a search on ebay for them and have ebay email me when they first show up. I can't wait to see how much people pay initially for these things!

coolest · May 18, 2009 3:41AM

has anyone seen nickels or dimes yet?

mikeyg · May 18, 2009 4:11AM

if you guys listen to the coin news radio spot you would have heard that the fed reserve has not requested 2009 dimes and nickels due to the tsunami of redeemed coins from the public that is overwhelming the mints hired wrappers.so yes as was said maybe in 2010 we may see 2009 issued business strikes BUT if people turn in more coins than already in circulation we may have to order crazy amounts of the mint sets. Hmmmmm is there more here than meets the eye??

BECOKA · May 18, 2009 4:13AM

Is it time to buy over priced bags from the mint website?

coasterfan · May 18, 2009 4:19AM

I really want to see how much a bank roll of 2009 nickels or dimes goes for on Ebay. Wouldn't surprise me one bit to see these sell for moon money. By the way, I notice PCGS has different numbers assigned for the business strike coins vs. the Satin Finish coins.

dbldie55 · May 18, 2009 4:28AM

<< Is it time to buy over priced bags from the mint website? >>

Can you point me to the "over priced" bags of nickels and dimes dated 2009?

droopyd · May 18, 2009 4:36AM

<< This might make it more likely that the 2009 nickels and dimes will get absorbed into circulation. They might not appear until 2010, after the hoopla over the low mintages has died down. >>

I'm now receiving 2006-dated coins that are clearly just now being released into circulation.

BECOKA · May 18, 2009 4:55AM

<< 

<< Is it time to buy over priced bags from the mint website? >>

Can you point me to the "over priced" bags of nickels and dimes dated 2009? >>

I was just making an assumption that at some point they will offer them and this would be the only way to get them.

cladking · May 18, 2009 5:22AM

<< 

I'm now receiving 2006-dated coins that are clearly just now being released into circulation. >>

This isn't unusual.

Under normal conditions the mint and FED rotate their coin stocks and coins
in storage the longest are always the first to be shipped out. While some
coins will quickly be entirely dipersed into circulation it's not unusual for some
FED branch or the mint to require up to about three years to turn over their
entire supply. There can be new coin included with what's in storage.

There really haven't been "normal conditions" since about 1997. The mint
first put extra brand new quarters into the system in case there was excessive
hoarding of the new states issues and then they moved large percentages of
the states coins to the head of the line when they started in '99.

At that time there was something of a glut of old coins in storage and these
didn't get worked out until around '05 apparently.

The number of coins flowing back to the FED might not be so huge as it seems.
First off it's not like there's lots of old silver coming back displacing coins back
into storage. The number of clad coins held by the public as collectible is very
small. Other than bicentennial coins and a few 1965 coins almost all of these
has been set aside only since 1999 when public attention was directed to cir-
culating coinage again.

I've been telling you for years now that the distribution of coins in circulation
is becoming skewed wityh the scarcer dates disappearing at a faster clip than
common dates. There is also an attenuation at the high end of the grading
scale. In 1998 the grade range of something like a 1969 quarter in circulation
formed a nearly perfect bell curve with the typical coin in VG+. Over the next
ten years this bell curve lost the right hand side while better example were
being removed prefentially to poor example. Now it appears a lot of these in
F and VF- are coming back into circulation. But this has to be kept in perspec-
tive. We're not talking about billions of coins because these simply aren't that
common. There are not nearly enough of these coins involved to have a dram-
atic effect on the need to mint new coins.

The cause of the reduction is two-fold. Primarily it's the result of reduced econ-
nomic activity reducing the need for new coin. Secondarily it's caused by and
increased rate of redemption by the public. People tend to hoard all their coins
for ten to twenty months since individually they no longer have any value. This
is an ongoing process and it's quite rare that these hoards last longer than 36
months. This can be seen by the incidence of high grade coins in circulation. If
such hoards lasted longer then there would be more high grade coins.

With many peoples' finances in tatters they are forced to find cash wherever it
might be. This means the $150 five month accumulation won't survive to become
a 24 month accumulation for trip to Vegas.

This effect isn't huge either and is highly self limiting; the average size and age
of the publics' change jar can only drop so low. Since it accounts for less than
about 10% of the coins in circulation the effect should last no more than perhaps
four years. Of course with cash transactions continuing to decline the need for
new coins can drop and stretch this out considerably.

ziggy29 · May 18, 2009 5:37AM

<< edited to add: to clarify, no 2009 nickels or dimes on ebay. >>

No business strikes. There are a few listings for proof 2009 Jeffs and Roosies, but no business strikes. I would think if any were out there, someone would have rushed to put them on eBay. I suspect the demand for 2009 Mint Sets will be quite a bit higher than normal.

fc · May 18, 2009 5:39AM

am i the only one who thinks this is a perfectly normal situation?
brand new coins from previous years have yet to be fully dispersed
so why would they flood banks with brand new ones minted last
month.

patience

oreville · May 18, 2009 4:35PM

fc is right.

Just today, I went to my bank and picked up $10 in cents rolls and $10 in dime rolls. The teller said they were not new rolls.

I took them anyway.

$8 face of the dimes were 1960-1964 ROOSIES!

People are bringing back their old coins to the banks!

Banks do not need new coins.

YaHa · May 18, 2009 5:46PM

As I was told by the Mint employee at 9th street Mint last week no dimes or nickles available due to use of debit and credit cards.. Futhermore that banks are not seeking new change due to the influx of incoming coinage..

I did see rolls of the 2009 Kennedys in the case. Did anyone get any of them yet?

WaterSport · May 18, 2009 9:51PM

Normally I find my first Lincoln in change in mid February. I have yet to see one, or find anyone who has seen one. The two rolls I bought have been busted open so I can share them with my local collecting friends.

WS

Snowman24 · May 21, 2009 11:09AM

This might be spitting into the wind

but I'm writing the Mint asking if they might consider selling nickels and dimes on their web site

i was thinking a set with both 2009 dimes and nickels from each mint of 4 rolls total

with this years low mintage - would anybody else think this would be a hot seller for the mint

Snowman

lope208 · May 21, 2009 11:23AM

So what we're saying here is, there will be no new dimes or nickels in circulation until we get a lot more of the older stock out.

Should we all go to our local banks and start buy a few bricks each of nickels and dimes to help get them moving?

Good point on the roll-searching though. It's been a number of months now since I picked up nickels to go through, I
think I'll have to start up again.

Wiscane · May 21, 2009 11:29AM

Funny you should bring up this subject. In Orlando I went to Suntrust, Washing M . and cople others. All told me they do not order from Reserve. They take what comes in .. no need! 5th/3rd was ONLY bank that said they order new dollars !

so now what ?

I'm going to South Florida tomorrow... I will check a couple banks on the way!

coasterfan · May 22, 2009 9:55AM

I spent my holiday day-off going to many of the banks in the San Francisco financial district, to Chinatown, west to Union Square, down Powell, along Market Street and back to the Embarcadero. You want to know how many 2009 nickels and dimes I was able to get? Zero, nada, zilch. I was able to find one bank that will request new nickels and dimes from the Federal Reserve, but the minimum order is for $2000 and you're still not guaranteed to get a particular date.

Dang, this is frustrating. Does anyone have a bank that will do a smaller order? Has anyone tried going this route to get 2009 nickels and dimes? Do you think it's worth trying? I'm tempted, but don't want to end up drowning in unwanted rolls.

thisnamztaken · May 31, 2009 5:51PM

<< i can get all the new quarters i want. i cannot get any other denomination of 2009 coin though....

i looked on ebay and there are NONE. they say that the mintage of log cabin lincoln cents is less than 1 per person in the US population but this year`s quarters look to be way less than that. JMO

edited to add: to clarify, no 2009 nickels or dimes on ebay. >>

Hard to believe, but one, single 2009 P dime sold on ebay the other night for $49.02, and he just said the condition was "in excellent shape" - not even unc.!!

morgansforever · May 31, 2009 9:00PM

I've received one 09 cent in change this year, hitting 4 stores everyday, before and after work.
The local banks don't have any 09 coinage, except for cents, which I bought 12 rolls of the "rail splitters".
My sisternlaw, mother, brother, cousins, are all on the hunt for 09 coinage. Offered them double face for anything 09,
uncirculated that is. What would a full brick of 09 dimes go for, right now on Ebay?
Scott

rodzm · May 31, 2009 10:18PM

<< I've received one 09 cent in change this year, hitting 4 stores everyday, before and after work.
The local banks don't have any 09 coinage, except for cents, which I bought 12 rolls of the "rail splitters".
My sisternlaw, mother, brother, cousins, are all on the hunt for 09 coinage. Offered them double face for anything 09,
uncirculated that is. What would a full brick of 09 dimes go for, right now on Ebay?
Scott >>

I can imagine it would be hard to know since single dimes are selling for over $15 each. Is it realistic to think that a brick of dimes would sell for 10x face ($5,000????) or single rolls selling for $50-100 each???

FullStrike · June 1, 2009 4:23AM

According to another post, Garda is selling everything off the back of their trucks.

Just spotted some Garda Trucks yesterday. Might give em a call.

AJ2525 · June 1, 2009 2:37PM

I find this a bit odd because my little town on the Central Coast of California usually doesn't have new coins ANY year!

But this year the 2009 cents are showing up one or two a week and last weekend I got a Puerto Rico quarter in change. I gave the PR quarter to a co-worker who is from PR. He thought it was neat.

I've already mentioned getting four rolls of the new cents from the bank.

I guess I will look around for the nickels and dimes.

Take Care

rodzm · June 1, 2009 6:41PM

Anybdoy know how many number of 2008 Uncirc sets were sold last year. It may give an indication as to how many nickels and dimes will be in the uncirc. sets. I would imagine that the 2009 Uncirc sets will be in much demand just from the nickels and dimes alone. I would imagine too that they will have a nice resale premium on them.

rodzm · June 3, 2009 8:49PM

Just a quick update

dbldie55 · June 4, 2009 6:18AM

does this mean you are ready to pass out '09-P to the wonderful forum members?

Res · June 4, 2009 7:07AM

<< does this mean you are ready to pass out '09-P to the wonderful forum members? >>

I don't know - they're selling for 70 bucks a pop on the bay.

Bochiman · June 4, 2009 8:18AM

<< Anybdoy know how many number of 2008 Uncirc sets were sold last year. It may give an indication as to how many nickels and dimes will be in the uncirc. sets. I would imagine that the 2009 Uncirc sets will be in much demand just from the nickels and dimes alone. I would imagine too that they will have a nice resale premium on them. >>

You do know the mint sets are not the "classic" business strikes, right? They are "satin proof"/"specimen"/etc......
Been that way for a few years now, so, unless the mint changes that, the only way to get true business strikes are from commerce (banks/change/etc)

RunnersDad · June 4, 2009 12:21PM

Just today I went too my local BAC too take care of some business and happened upon some 2009-P Lincoln "Rail Splitters"! I of course bought them up and are going through them as we speak.

Funny thing is, I haven't seen a single Log Cabin Lincoln in my area! Not sure what's up with that, but at this point I will take any 2009 coinage I can get at face value!

Longshot · August 29, 2009 11:41PM

Curiosity bump. Anyone seen any of these?

itsnotjustme · August 29, 2009 11:46PM

No nickels or dimes.

beartracks42 · August 30, 2009 1:11AM

Rolls of 2009 nickels and dimes are beginning to show up on ebay. They are going for very high prices. Yesterday, my wife was surfing the rolls section of ebay and there were several rolls of nickels selling for around $18.00 and dimes at $90.00 per roll and the auctions were still open!! Way too expensive for me!

CoinCrazyPA · August 30, 2009 3:30AM

<< Anybdoy know how many number of 2008 Uncirc sets were sold last year. It may give an indication as to how many nickels and dimes will be in the uncirc. sets. I would imagine that the 2009 Uncirc sets will be in much demand just from the nickels and dimes alone. I would imagine too that they will have a nice resale premium on them. >>

The Unc sets are satin finish and are not considered Unc anymore even in the price guides. They have there own listing section for prices in the guides. I agree the mintage will be high due to the uninformed buyer thinking they are getting uncirculated coins.

leothelyon · August 30, 2009 3:10PM

<< 

<< Anybdoy know how many number of 2008 Uncirc sets were sold last year. It may give an indication as to how many nickels and dimes will be in the uncirc. sets. I would imagine that the 2009 Uncirc sets will be in much demand just from the nickels and dimes alone. I would imagine too that they will have a nice resale premium on them. >>

The Unc sets are satin finish and are not considered Unc anymore even in the price guides. They have there own listing section for prices in the guides. I agree the mintage will be high due to the uninformed buyer thinking they are getting uncirculated coins. >>

I really dislike the idea that the only way to get them is through rolls................coins that went through a counting coin rolling machine. There's got to be a way of getting a scoop from the larger bags.

Leo

Type2 · August 30, 2009 4:02PM

I'am with you Leo we need the mint to sell some $25 and $50 bags.

Snowman24 · August 30, 2009 9:06PM

as you see on top of this thread, i wrote the mint about them selling rolls of 2009 dimes and nickels and i got my reply back

Typical US Mint answer !!!!!!!!!!!!!!!!
they said they have delivered hundreds millions of these to the Federal Reserve already

i guess they didnt look how many they were making this year - go figure ????

here is copy of the letter if anyone is wondering - Snowman

keets · August 30, 2009 11:34PM

I really dislike the idea that the only way to get them is through rolls................coins that went through a counting coin rolling machine. There's got to be a way of getting a scoop from the larger bags.

you understand that to get into a bag they have to go through a COUNTING MACHINE, right???

touche · August 31, 2009 12:27AM

In the letter it states nickels and dimes are only available "in numismatic coin sets". If this true are the '09 nickel and dimes selling on ebay an accidental release?

stevereecy · August 31, 2009 12:31AM

<< In the letter it states nickels and dimes are only available "in numismatic coin sets". If this true are the '09 nickel and dimes selling on ebay an accidental release? >>

That was a canned letter. I'll bet if you wrote asking for seated liberty dimes, you'd get the same response.

Snowman24 · August 31, 2009 3:02AM

In the letter with the dime and nickels you can purchase in sets. im guessing they are refering to SMS sets

with some of the words missing... the letter was glued to the envelope. i guess the mint was in hurry to mail it.

your probably right "stevereecy" ... its look like parts are copied and pasted

wayneherndon · April 17, 2010 4:15PM

cladking · April 18, 2010 1:25AM

It's starting to look as though an awful lot of these are going to
bypass collectors and get right into pocket change. This will mean
lower grade specimens for most collectors and the problem will be
especially acute for the lower denominations which don't spread
out as fast and for those collectors farther from the release points.

I had missed the letter. It was apparently written for anyone com-
plainng about the availability or price of current coin.

TwoSides2aCoin · April 18, 2010 1:43AM

A lady came in the shop the other day with clad coins. I offered her 2% over CoinStar machine prices.

There were a couple of 40%'s in the bunch. She was happy, I was happy.

GritsMan · April 18, 2010 2:14AM

<< It's starting to look as though an awful lot of these are going to
bypass collectors and get right into pocket change. This will mean
lower grade specimens for most collectors and the problem will be
especially acute for the lower denominations which don't spread
out as fast and for those collectors farther from the release points.

I had missed the letter. It was apparently written for anyone com-
plainng about the availability or price of current coin. >>

I'll personally be glad if this is the case. It makes the issue a lot more interesting than just having the entire supply squirreled away as rolls.

cladking · April 18, 2010 3:52AM

<< 

I'll personally be glad if this is the case. It makes the issue a lot more interesting than just having the entire supply squirreled away as rolls. >>

I agree except it will be disappointing if I have to settle for a nice AU
in my "from circulation" collection. It's pretty much all choice and gem
after 1996 and an AU would really stand out. There probably will be
many tens of thousands of collectors in the boat.

We're starting to see a few newer coins released here in NW Indiana
so there's hope for me.

So I went to 6 Banks and Walmart today looking for 2009 dimes and nickels and........

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