Future of the 2009 penny

[Dozer D]

I'm seeing fewer and fewer 2009 pennies (var#1,2,3,4) in circulation these days. Does it appear that they will begin to vanish just like silver coins? Or are people just hoarding them because of only a one time coin. Your comments.

 

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[sagittarius98]

Some people will hoard them thinking that they are valuable in the same idea they think that state quarters are valuable. I also see less of them, and decided to keep them in order to have some to trade for foreign coins from people around the world.

 

[NHBandit]

I think people tend to hoard anything that's "different" with the hope that it will be valuable many years from now. Of course that has exactly the opposite effect because many years from now there will still be millions of them around in perfect condition. Anybody wanna buy some Bicentennial quarters ? The good thing about hoarding any kind of pocket change is that it will always be worth face value so there's nothing lost.

 

[LatrellLayer]

I think the future of the pennies is that it wll become cheaper because its production cost will become cheap too. The penny and nickel coins are a money pit, as both coins cost double their face value to make. That is why the Obama budget is calling for the composition of the coins to be modified to save cash, and finally deliver some change we can believe in. Obama calls for lower cost of making pennies and nickels

 

[jarlbartar]

These won't last forever though, the metal on many of these seems to be eroding and breaking down at an alarming rate. The zinc seems to react to uman contact and make the coin disentigrate. I have found coins 50 years old that are in better shape than the majority of the 2009 coins. That being said, I keep all of the '09s that I find.

 

[JOE-DIRTDIGGER]

SORRY FOR MY IGNORANCE, BUT I MISSED SOMETHING, WHAT IS THE STORY ON THE 2009 PENNY

 

[stevemc]

I also never heard of anything like this. I know the 1983 or so and newer pennies are zinc that is copper plated, but what is the deal with 2009? I dint know there was any deal with them.

 

[sagittarius98]

These won't last forever though, the metal on many of these seems to be eroding and breaking down at an alarming rate. The zinc seems to react to uman contact and make the coin disentigrate. I have found coins 50 years old that are in better shape than the majority of the 2009 coins. That being said, I keep all of the '09s that I find.

I have not seen as destroyed coins, but once found a penny that was mistaken as a piece of plastic or slug due to its condition and was put in a trash pile. Cleaned it, half of it was swallowed into a hole in the coin. Date : 198?. Definitely zinc. If I didn't know anything about coins, I would think that might be from Colonial times. Thankfully, the penny went through a coin machine, so I could get rid of it fast.

 

[ixer]

I was under the impression that the 2009 Penny was also made of the same 95% Copper alloy mix as the 1909 Penny, i read that somewhere but now cannot find the article.

*edit, this is only for the proofs not for normal circulation pennies. Sorry for the misinformation.

 

[NHBandit]

SORRY FOR MY IGNORANCE, BUT I MISSED SOMETHING, WHAT IS THE STORY ON THE 2009 PENNY

They are the same junk composition as all the modern Zinc pennies made since 1982 and will corrode away to nothing just as fast. The reason people are saving that year in particular is that there were 4 different reverse designs used to comemmorate the 100 year anniversary of the Lincoln Cent. It's the same reason people hoarded the Bicentennial coins from 1976 even though there were billions minted. Simply because they are different & a 1 year only design. As I said in my earlier post, if anything, they will be worth less because so many brand new examples are being put away. If I had $500 worth of them to do anything I wanted to with I'd run right down to the local coin shop & spend them all on some nice Seated Liberty coins or something like that that were never hoarded in any quantity and are sure to go up in value. I've been collecting coins for over 40 years and my current strategy when I have some spare cash is to buy coins that are already old enough that they aren't affected by the rollercoaster scrap silver market and ones that fill the holes in my collection. Just my 2 corroded cents worth.. The 2009 proof cents are 95% Copper, the rest are the usual crap. http://news.coinupdate.com/2009-lincoln-bicentennial-one-cent-proof-set-on-sale-at-the-us-mint/