I recently got back into collecting, after about an 8-year hiatus. I'm a little behind on recent events as a result. My question is, after a month of nickel-roll sear hing, I have yet to find a 2009, P or D. Where are they??
Have you looked at the mintage figures of the 2009s compared to the coins in the years previous and after?????
http://www.coinnews.net/2009/04/29/us-mint-halts-2009-nickels-and-dimes-production/ [from April 2009] and http://mintnewsblog.com/2009/05/2009-coin-mintages/ [May 2009] and http://www.coinnews.net/2010/01/20/2009-us-coin-mintages-plummeted-as-mint-cut-production/ [Jan 2010] Nickels and dimes in that year were not issued in rolls or bags from the mint as such (buying directly from) so people got their coins generally from circulation or if they were lucky, from coin rolls directly from the bank. I and others in 2009 who were searching and realized how low the mintages would be, immediately either started taking out any 2009 coins there to save or ones that were really nice shape. I threw back ones I didn't like in some case, but ended up keeping almost all I found that I could say were uncirculated. PS, I still will keep any 2009 dimes or nickels I find that are uncirculated. I throw back others so they can go get a little more dinged up before someone else notices them. I figure that way, the ones I keep will be more valuable in time. But I really don't find that many any more.
Let me guess! The 2009 nickels must have been part of the deal when New York City sold all of their used parking meters to San Juan. Chris
I read (a few years ago) that whole bunch of these (2009's) were sent to Puerto Rico. Nobody could find 'em here, but ya could En la isla del encanto...........
I heard the same. Low mintage, so they were pulled from circ. And most of them went to Puerto Rico to begin with.
Low mintage? You gonna be kidding me! 146mio Jeffersons minted in 2009 according to http://www.coinnews.net/2009/04/29/us-mint-halts-2009-nickels-and-dimes-production/ For us folks in Europe low mintage means "a couple of thousands" but not "a couple of millions" Correction: 146mio Dimes & 79mio Jeff's
Ok, you're right of course. Low mintage compared to other modern circulation issues. So it's relative. And it's 39 million for each Denver and Philly.
How long before they command a premium? I will be going thru what I have put away. Just to see if I have any.
https://www.treasury.gov/about/education/Pages/distribution.aspx Interesting piece that sort of discusses the number of coins produced. Also that stockpiles of coins are available to be released without regard to year and mintmark and that when coins are returned by banks they are judged by fitness and have foreign coins culled out there. A supposition would be that with only about 86 million 2009 nickels produced and a current population at or about 320 million people in the US only allows for just about one of those nickels for one in four of those people. If chance allowed all to get into circulation (which it did not as there were boxes shipped places like a number to puerto rico that people got them and saved them to sell to collectors) then chance could easily allow the minority of people receiving them to also be non-collectors who use them as they would normally and in the process have them distributed primarily between those who also don't collect coins, thereby putting them in either a lower grade or turning them into damaged coins with no numismatic value by the time someone who CRHs gets one or more. It is unknown how many have been saved are are still awaiting release. Only time will tell how valuable some of these will be or what the percentage estimated will be for those that remain uncirculated. Because it was announced that the coin production was being halted in April of that year and I usually see new year nickels between March and August in change, this gave every opportunity for new rolls to be stopped from circulating by anyone with the ability to hoard a small amount of money (up to 100 or so) if presented with that opportunity (finding that they had new coins for that year). Presumably any entering circulation up to mid to late april would not have been hoarded in rolls, because there was no reason to think that this years nickel mintage would only end up at about 13 percent of a normal years mintage (contemporary years surrounding it).
I think really nice ones already should. But if any you have are circulated then perhaps only as novelty value for someone. I don't see that all grades will command a premium really because perhaps the Jefferson Nickel collectors aren't there in enough numbers to do that. But for the rising number of those who wont have less than a ms 66 (for example) then yes, there will and should be a premium. But also perhaps look at the collectibility and premium attached to, say the 1996 W dime. It is still modern and not in a series that is super popular to collect. This nickel could simply be that type of coin.
I find few Lincoln Bicentennials, and state quarters. I ever found one 2009 dime in a slot for the broken TD coin count. It looked like it was run over by a steam roller. I have never posted about the 30+ coins i found in the slot, haven't i.... one day.
