Vess1

I was listening to this week's coinchat radio program and the dealer that they were interviewing said that because of the enormous influx of change that has been cashed in, that places are now having to lease extra space to store all the circulating change. Which is why 09 coinage is barely circulating.

He said the 2009 dime and nickel production has ceased for the year because of this. If this is true, where did they end up? Did they get to 36 million for the nickel as was originally proposed?

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Coinfreak~24

it's time for key date's!!!!

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the_man12

agreed

There was another thread about this a little while back too.

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onecoinpony

Start looking for them in 2012.

tmoneyeagles

I still don't understand how something with 36 million minted, is a rarity or key date...
I honestly believe that these 2009 coins, are all flukes, except for the First Spouse coins, which Elaine has provided us with the low mintages those have (Less than 7,000)
Now..These 2009 are not rare, and will never be rare, they will be hoarded, really, making them worthless, if all the pennies from this year are hoarded, that just means, all the pennies are in BU condition, which means, there really is no premium on those coins
Please, I am just saying to all of you, do not be fooled by these coins, just because you do not see them in circulation (I found 65 Log Cabins the other day)
When the first 2009 dime or nickel goes to ebay, somebody start a thread here, about it. I want to see for how much it sells, and whoever buys it, will certainly be sorry

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onecoinpony

The first box ($25) of "formative years" sold on feebay for $1699; a week later that same box is $225. Reminds me of the old saying "there's an ass for every seat."

Pismo500

I tend to think the 2009s will be semi-key dates, at least. Especially the nickel and dime... I have yet to get any 2009 nickels or dimes despite the fact that I have gotten over 100 of the Lincoln log cabins and a roll here in the San Diego area. I have only gotten 3 "extra" Washington DC quarters and no "extra" Puerto Rico quarters. I had to go to ebay to get my "D" and "P" set for both quarters.

tmoneyeagles

I don't understand your reasoning behind that statement

2009 Roosevelt dimes:49.50 million in Denver and 96.50 million in Philadelphia

2009 Jefferson nickels: 39.36 million from Denver and 39.84 million from Philadelphia

So how can these be key, or semi key dates? With that many being minted?

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Pismo500

As I mentioned, I have yet to see a 2009 nickel or dime, which is very unusal for me, and they are VERY short minted this year compared to recent years... In addition, people are saying not even a single coin (2009 nickle and dime) has shown up on ebay.

tmoneyeagles

Just because you have not seen them, doesn't make them RARE...
Wait 6 months...They will show up
A member on this forum, bob from houston, has find the 09 dimes...
They are not rare, and have such a high mintage...

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Snowman

I think they will be hard to find in circulation but not impossible- if they were all sold to collectors they wouldnt be rare. But sounds that they will be put into general circulation and will get absorbed in the multi billions of other coins. so the odds of finding one will be tough.

with myself its almost impossible to find "D" minted coins in decent conditions living in NYS. Im still looking for some "D" state quarters but that is the thrill of the hunt. I'm currently looking thru a box of quarters and its nill on finding any recent "D" state quarters. i will most likely buy them off ebay(ugh) even though they made 200 million+. Now with the low mintage of 2009's its seems it will be very slim on finding one. Especially if your in a certain mintmark area of the country.

cladking

It's simply too early to know. There's a huge inflow of coin to the FED. When this turns around and these are released it remains to be seen if they are set aside or not. Of course this assumes they are ever released. There's every possibility that the new economy is not going to need 40 billion dimes for many years and the government will melt them rather than store them. The dollar could be impacted enough by inflation before these are released that small units of it are not even used. 40 billion dimes will make a large amount of good stainless steel.

I certainly agree that if these are all saved in unc that they aren't likely to attract much interest in the future. Look at it this way; there aren't even 200,000 '82-P dimes in unc and they bring only a few dollars each. There aren't even 10,000 nice choice well struck examples and they bring little premium. Unless the demand for clad coins grows these mintages might simply swamp it.

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Sholom

I agree with you for the most part (but it's million, not billion) -- but I can't help but think that storing them and making fewer in the future is cheaper than melting them and extracting the metal.

And I don't think it'll be too long (as in: 2 years at most, probably less) before the economy picks up again.

kevcoins

I have a great idea .....................the coin talk hoard....................

Magman

it'll be a pedigree on slabs