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Aristobolus
Penny Sorter Member
76 Posts |
 Posted - 03/11/2010 : 23:27:45
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Today I got a twenty five dollar bag of rolled pennies from my bank. To my surprise these Lincolns were all gathered in 1993! For none of them dated later then that year.
For me going through this batch brought back memories of that year. My wife and I were married in 93. I went back to Graduate school that year as well. Finally, our country at that time was embroiled in a health care debate that would lead to a change in the political map for over a decade- some things never change!
What I thought fascinating is that this was a snapshot in time of the gradual decline of copper in our coinage. I also hoped to find a higher percentage of wheats as well. As for the first point, 68.2% of the bag was copper; 31.8% was zinc. All seven of Canadians I found was of the larger pre-seventy nine variety. But the seven wheats I found was a disappointment; perhaps the person who rolled them either recently or in 93 had somewhat scanned for these older cents. Anyway about it, I found this quite an enjoyable and instructive sort. Maybe if others find similar bags, we can chart year by year the slow demise of this worthy metal in our mintage.
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 03/12/2010 : 07:39:55
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| Nice score on the copper! This info pretty much falls in line with my predicted 2.6% percentage drop per year in copper since 1982. You say 68.2% were copper, my calculations came up with 71.4% copper for that year. Extremely close! and well within a margin of error for regional variances. |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 03/12/2010 : 13:00:08
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quote:
Originally posted by Mikep2020
Nice score on the copper! This info pretty much falls in line with my predicted 2.6% percentage drop per year in copper since 1982. You say 68.2% were copper, my calculations came up with 71.4% copper for that year. Extremely close! and well within a margin of error for regional variances.
By your rule of thumb, the copper will disappear in 2021. |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 03/12/2010 : 15:19:29
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quote:
Originally posted by Cerulean
quote:
Originally posted by Mikep2020
Nice score on the copper! This info pretty much falls in line with my predicted 2.6% percentage drop per year in copper since 1982. You say 68.2% were copper, my calculations came up with 71.4% copper for that year. Extremely close! and well within a margin of error for regional variances.
By your rule of thumb, the copper will disappear in 2021.
I don't remember what thread it was in, but yes, I predict copper will be mostly gone from circuation by 2021 as long as nothing changes. There will be "some" copper floating around out there, but probably as common as wheats are today. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 03/12/2010 : 16:56:00
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| If that is the case we all so have about 6 good years at getting copper yet. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 03/12/2010 : 22:07:35
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| Well if they switch to steel you'll have a situation like in Canada with copper zinc and steel (plus US zinc and copper) circulating side by side. See why I sort copper accept? |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
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Wanderer
New Member
Canada
16 Posts |
Posted - 03/15/2010 : 20:30:13
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I have sorted a few similar groups myself, all before a certain date that was 10 or 15 years ago.
I usually wonder whether they have been sitting in some bank vault for the better part of a decade, or whether they were from some penny jar forgotten about and then cashed in. What does everyone else think?
Of course, whatever the circumstance, it is always nice to find such heavy copper percentage! |
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1993 Flashback
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