Scarce and disappearing 1959 Lincoln cents?

Does any one know positively why the BU 1959D cents, or rolls, (First memorial cent issued) have always been so high in value, even to date, compared to the large amount of millions issued??

Also, why are none of the millions of any 1959 cents found in circulation, over the past 10 years??

Why are they so scarce and did the Fed's slowly pull them out of circulation??

Thanks, J.P.

 

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Probably because it was the first year of the memorial cent and everyone usually buys up rolls of things like that. Same could be said for the 64 Kennedy half dollar. It was the first year of the switch comemmorating kennedy as a president but was also the only year in 90% silver composition...which made them highly collectable not only for the silver. Everyone likes to have the first year something is changed or introduced.

So in actuallity...can't say for sure. But I have seen 59's on a fairly regular basis. Maybe its just your area.

 

Since the (four series) 2009 cent mintage was the second lowest mintage.

Does this mean the smallest minted "Presidency" (L4) in Satin and proofs, with the
only small "of" issued in 2009, are scarce and more valuable??

Why are the L4's only one of the series now ( 4 years later) spiraling up in value??

Can they too be "sleepers coins", slowly to disappear??

I say buy as many as we can afford!

 

I would normally agree, but not one of millions and millions in circulation?? Mmmmm

 

of the 2009 series I'd rather have the uncirculated set of the series. Those are minted in the original composition of 95% copper as where the 2009 series minted for circulation are still the zinc comp...

 

Have the 59's attained any premium value, I don't see that anywhere. What is a good link to values on that sort of cent?

 

Please do not deal in absolutes, since they are almost never true. To prove that, I received a BU 1959d in change a few weeks ago. The portrait seemed unusual, (high relief), so I looked at the date.

Its a 54 year old coin man. Most coins do not stay in circulation that long. We have hoard information from the time before coin collecting was popular proving most coins stayed in circulation for 30 years or so. Any coin over 50 years old is VERY SCARCE in any hoard. Same is happening here. No one pulled them from circulation since they were not wheat cents, but its simply a pretty dang old coin, and most are in people's piggy banks and junk drawers nowadays.

That's all.

 

I still find plenty of 1959 cents. Today at work I found 2 in one roll. Since I started saving them a few months ago, I have found 20 P's and 12 D's. A few of them are in pretty nice condition too.

 

I've found dozens and dozens in rolls... I'd say a minimum of 10 per box.

 

I find them as well.

 

I have found my fair share of 1959 cents both in change and in rolls.

 

Ahem: (I hate repeating myself) Have the 59's attained any premium value, I don't see that anywhere. What is a good link to values on that sort of cent?

 

I believe not because they are common.

 

I find them, over the past 3 years, in coin value red books to be higher than most in proposed BU values. Okay look to find what any BU 59 D cent rolls demand at a dealer or ebay.....that speaks volumes to me! Thanks for your input.

 

It's also because BU 1959-D rolls have lots of die varieties to be found (RPMs for one thing).

 

Indeed, the nasty things are a bit of a plaque - nothing like starting to read a 195- date and hoping it is a wheat and then seeing that numeral 9. I release the many I find back out into the wilds.

 

Thanks very much for your thoughts, it has been great to get your input!

All in all, the fact is approx. 771,204 satin cents equates to approx. total of 192,801 mintage in the L4 Lincoln cent series. Consider the hard facts below

The sudden Mint sales stoppage (June 15, 2010) the 2009 P Satin "Presidency" (L4) cent, being bronze, 2nd lowest cent minted, the only Small "of" stamping (?) in the 2009 year cent series.

Along with the current value today, it is enough to make them a large part of my hoard.
Come on.....today most say "DO NOT"...... on another day some may say "GLAD I DID"!

 

I'm confused...I thought we were talking about 1959 cents, not 2009 cents?

 

I have no freaking idea of what we are talking about.

 

hey was talking about 59 cents and then moved on to the 2009 four cent centennial series