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JerrySpringer
Penny Hoarding Member
669 Posts |
 Posted - 11/05/2009 : 19:40:21
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I find a great amount of shiny, golden-tone cents from 1959 to 1970 and on. They look almost uncirculated. The perplexing thing is how can coins that have been in circulation for 40 years or more still look near mint fresh. The answer must be that they can not. Can we suppose that cob-webbed bank vaults are dumping unopened original fed rolls into the market? What other goodies might be in them?
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PennyPauper
Penny Collector Member
USA
395 Posts |
Posted - 11/06/2009 : 00:42:53
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| I also find many new pennies from those years and wonder the same.There are varieties such as 1960 small date that sold for high premiums back then,and many s mint coins from 69,70 with errors that could be worth many times there value.I think some wise people held on to them and forgot about them or passed on,then their unknowing families just cashed them in.I just keep em in a seperate box when I find em,and will be looking over them when I get some more time to. I'm sure other more knowledgable realcenters will chime in here to share there ideas. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/06/2009 : 01:06:25
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I found a roll of BU 1960 P small date cents while going through some coins over the weekend. No, I didn't get it from circulation. It was part of some huge box of BU rolls I had hoarded a few years ago.
I think the reason we get so many nice red cents from the 60's is because pennies don't really circulate. They go from the bank.. to the merchant.. to the consumer.. to a bucket or drawer.. where they sit for many, many years. Then someday somebody finally gets around to cashing them in and they are returned to circulation for another pass.. maybe their first recirculation in decades.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 11/06/2009 : 09:42:04
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quote:
Originally posted by JerrySpringer
I find a great amount of shiny, golden-tone cents from 1959 to 1970 and on. They look almost uncirculated. The perplexing thing is how can coins that have been in circulation for 40 years or more still look near mint fresh. The answer must be that they can not. Can we suppose that cob-webbed bank vaults are dumping unopened original fed rolls into the market? What other goodies might be in them?
You must be up in my area. I have been seeing a lot of AU/BU 1960's copper. I got 2 almost full bags of them in earlier this week! |
Copper Penny Investing
www.portlandmint.com |
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2old
Penny Pincher Member
188 Posts |
Posted - 11/06/2009 : 09:59:16
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| Same in Ohio. |
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george454
Penny Pincher Member
242 Posts |
Posted - 11/06/2009 : 14:03:52
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| It has only been here in the last month or so that they have showed up here in Florida, but like wise finding a full roll or more per box, dont know the reason behind it and dont care one man loss os another mans gain |
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cecropia_moth
Penny Pincher Member
USA
222 Posts |
Posted - 11/06/2009 : 14:17:55
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I also tend to get a fair amount of those AU/BU Lincoln Memorial coppers. Average for me would be say 15-20 per $50 bag...certainly not a ton of them, but they are out there. Just this morning I was going through a "handful" of coins from my latest bag and I came upon a really, really nice 73-S (2nd lowest mintage of all LMC coppers, behind only 68-S). This coin was as fresh as the day it was born. My take - someone dumped it, probably with a bunch of others just like it - it got put into circulation and was used once/twice - now it will rest again, hopefully for a long time with me.
Take care,
Jeff |
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Farmall
Penny Pincher Member
USA
112 Posts |
Posted - 11/06/2009 : 17:45:22
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| I find them here in Oklahoma also. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 11/07/2009 : 02:10:45
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| I pluck them out and set them aside. I love when I get a bright firey red wheat cent! |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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ronin
Penny Sorter Member
USA
36 Posts |
Posted - 11/07/2009 : 12:12:27
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| I'm finding an unusual number of absolutely mint 73-S's as well here in Chicago. They seem to be way out of balance statistically compared to the other coppers that I find. My guess is that somewhere in the Midwest a proto-hoarder broke up a couple of tons that were set by in the 1970's. |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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What's the deal with all the AU 1960's pennies?
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