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Thread: post 1982 Cents
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Old 12-29-2008, 10:07 PM   #5 (permalink)
Hobo
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Quote:
Originally Posted by Conder101 View Post
Also in order to wear out they would have to circulate. But the cent doesn't really circulate that much. Mint to bank to store to customer to hoard where it sits for many months or years, to bank to store to customer to hoard where it sits for many months or years, and so on. The cent spends 95% or more of its life sitting in a can or jar in someones bedroom, not circulating. Go find an 82 cent in you pocket change. What is the grade? AU-50? Maybe XF-45? Find an 82 quarter, made of a much tougher metal, and what does it grade? VF-30? The quarter is a workhouse coin, the cent barely moves.
That is the truth. Compare modern Lincoln Cents vs Indian Head Cents. IHCs circulated. They were used extensively and therefore are commonly found with a great deal of wear. The only circulation modern Lincoln Cents see is cashier to customer to pocket and from pocket to drawer. A hundred years ago a cent was an important coin and actually bought something. Today a cent is seen as worthless and not worth carrying in one's pocket.
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