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2cents
Penny Sorter Member
USA
44 Posts |
 Posted - 02/04/2009 : 15:43:18
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A seller on ebay is saying in his item description that the Lincoln cent has been retired by the mint.
I don't think it is true.
I haven't done a Google search yet.
But I thought I would check here first.
Since no one is talking about it, I assume it is false.
I may ask the seller where he got that information.
Good Hoarding
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2cents |
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barrytrot
Administrator
USA
721 Posts |
Posted - 02/04/2009 : 16:18:37
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| It is false. |
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keys
Penny Collector Member
383 Posts |
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2cents
Penny Sorter Member
USA
44 Posts |
Posted - 02/04/2009 : 19:54:31
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I got a reply from the seller which quotes the U.S. Mint talking about putting a new design on the reverse of the Lincoln cent after 2009.
So he means it will have a new backside.
But in his item description, he clearly states that The U.S. Mint has "retired" the Lincoln cent after 100 years of service.
Of course, you must always read ebay item descriptions with a grain of salt.
Consider the term "Unsearched" describing wheat cents on ebay. Yeah right ! |
2cents |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 02/04/2009 : 19:58:20
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| He may mean the Memorial penny has been retired. For 2009 there will be a series of 4 different reverse designs. The first one will be out on February 12th. I am hoping that after this year (the centennial of the Lincoln penny) that they will discontinue the penny, and lift the melt ban. Then I think our hoards would go up in value a lot faster. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 02/04/2009 : 20:17:03
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| If the dollar collapses, the penny will be useless. A loaf of bread may cost $20. You would get a hernia trying to a gallon of milk and bread with your pennies. |
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chant1970
Penny Sorter Member
USA
37 Posts |
Posted - 02/04/2009 : 20:55:59
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| My opinion is they retired the Lincoln cent in 1958 and replaced it with the Lincoln memorial cent. Just my opinion. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/04/2009 : 22:19:18
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| Any word on what the new reverse design will be after 2009? |
My hobby: collecting real money 1 copper cent or nickel at a time.
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phillips24
Penny Pincher Member
USA
142 Posts |
Posted - 02/05/2009 : 06:21:44
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| No designs have been released or accepted yet, but it is said to be a design of Lincoln preserving the union. |
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2cents
Penny Sorter Member
USA
44 Posts |
Posted - 02/05/2009 : 08:06:37
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| When they retire the cent and lift the melt ban, I would think that numismatic values would increase pretty quickly too, as many cents are melted thus decreasing supply. |
2cents |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 02/05/2009 : 10:33:46
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| so lincoln is holding the record for longest person portrayed on a coin huh i mean this year is 100 years any more that long? |
Inquiring minds want to know |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 02/05/2009 : 10:54:28
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quote:
Originally posted by daviscfad
so lincoln is holding the record for longest person portrayed on a coin huh i mean this year is 100 years any more that long?
I think Maria has him beat!
You must be logged in to see this link. |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
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$1,001+ worth - spot +10%, plus actual shipping |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 02/09/2009 : 09:07:16
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quote:
Originally posted by 2cents
When they retire the cent and lift the melt ban, I would think that numismatic values would increase pretty quickly too, as many cents are melted thus decreasing supply.
I would not bet on that - I've read that as much as 50% of pennies never see their second transaction. There are a lot of pennies out there sitting in jars. If/when the penny is discontinued everyone and their mother will be saving them for "collector value". Banks will collect up what they can for the Mint. Then it's game over for our copper penny hobby. What you are holding, you are holding, and there will be few more that enter the copper bullion market. |
“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.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/09/2009 : 09:11:33
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quote:
Originally posted by legacypac
I would not bet on that - I've read that as much as 50% of pennies never see their second transaction. There are a lot of pennies out there sitting in jars. If/when the penny is discontinued everyone and their mother will be saving them for "collector value". Banks will collect up what they can for the Mint. Then it's game over for our copper penny hobby. What you are holding, you are holding, and there will be few more that enter the copper bullion market.
Darn.. I don't have enough!  |
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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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 02/09/2009 : 12:26:29
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quote:
Originally posted by legacypac
quote:
Originally posted by 2cents
When they retire the cent and lift the melt ban, I would think that numismatic values would increase pretty quickly too, as many cents are melted thus decreasing supply.
I would not bet on that - I've read that as much as 50% of pennies never see their second transaction. There are a lot of pennies out there sitting in jars. If/when the penny is discontinued everyone and their mother will be saving them for "collector value". Banks will collect up what they can for the Mint. Then it's game over for our copper penny hobby. What you are holding, you are holding, and there will be few more that enter the copper bullion market.
I hope that happens in the next couple of years. That is what it will take for the price of copper to go to 5 - 10 times face. Then our hoards will be worth quite a bit and I will be able to tell my wife I told you so. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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sumrtym
Penny Sorter Member
36 Posts |
Posted - 02/09/2009 : 14:23:29
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quote:
Originally posted by phillips24
No designs have been released or accepted yet, but it is said to be a design of Lincoln preserving the union.
Actually, every design was submitted and decided on last year. You think they're due out in 3 days and don't have the designs done???
If you want to see them, go to the mint web site and look in the pressroom and images. |
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 02/09/2009 : 16:04:30
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quote:
Originally posted by sumrtym
quote:
Originally posted by phillips24
No designs have been released or accepted yet, but it is said to be a design of Lincoln preserving the union.
Actually, every design was submitted and decided on last year. You think they're due out in 3 days and don't have the designs done???
If you want to see them, go to the mint web site and look in the pressroom and images.
I believe he was actually trying to say that in 2010 there have been no design accepted yet but it is said to be a design of lincoln presearving the union. I think we all know what the new 2009 reverse designs will look like. |
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Lincoln Cent Retired ?
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