I really don't understand the reasoning that the federal reserve banks have not released the 2009 Lincoln cents. What makes me angry, is that they are making some people that were at Lincolns home on Feb 12th rich, and the people buying these coins are getting screwed. I heard that the fed still has a lot of 2008's & they want to get rid of them first. That's a bunch of bull.
I received the cent with the log cabin reverse in change at a local Rite Aid a week ago here in the Los Angeles basin.
Well frankly it has to do more with the lousy economy and the low demand for cents right now - banks don't order what they don't need, and the Fed doesn't just send them out to get them out there. Collectors be damned in their opinion. I could care less whether I get one of the Zincolns in change anyway, I am holding out for the 95% bronze examples they are going to put in proof sets.
The Fed has cents coming IN due to the poor economy and people finally emptying their coin jars. No bank is going to order new cents if they are having to send them back to the Fed. Banks lose a lot of money on coinage because it's expensive to transport. Just for fun last week I took a full $25 box of Brinks cents to the PO to see how much it would cost, as cheap as possible, to ship....it came out to $20.33! Look at the positive side of this if you're a Lincoln cent collector....I'm finding more copper and more older BU's than ever before. My BU zinc roll set is nearly completed with just using Brinks boxes!
The economy definitly has a lot to do with poopr circulation of newly issued coins. Only banks that need paticular types of change order them. This would probably be the larger metro areas where vending machines and public transport which require exact change. It is true that banks will not order just for collectors. Most of the local banks in Berkshire County here frown on collectors. I just asked for a roll of Hawaiian quarters a few days ago and got the typical " Do you really need them Tom? Because I have to go into the vault to get them.". Forget about the dollar coins. The same holds true for postage stamps. Ordering is at the whim of the postmaster. On the other hand, if one must order from the mint it seems the profit is much too high. Except for the cent and nickel a very nice profit is already achieved just for making the coins and having them pulled from circulation by collectors, thus ensuring continued jobs at the mint to replace those same coins. so keep your fingers crossed for those Lincoln cents and keep at your local bankers until they give in.
3 boxes fit into a large flat rate and only cost 9 bucks to ship. I get some from TN so I can vary mint marks here in the Pacific. Getting fed up with sooo many Denver mint.
Hi fishaddict. I know of what you speak! Every time I roll up my pennies, i sort them and mark the copper cents as just that. Hope someone finds them and has a good time.
The main banks I get boxes from simply order them from Brinks. The box actually says PENNIES and BRINKS on them. Just go to your bank and ask for a box. I have accounts at the banks I go to and they know me by first name, they are quite used to me and sometimes they start walking to the vault to get me a box as soon as I walk in. LOL
Good idea! I really surprized the box doesn't rip open with that many rolls in it! It must be ungodly heavy.
Thanks Thad for the info. So does that mean you get old rolls from you local bank just by asking them to go into the vault and are searching them? You are looking through old rolls? Do any of your banks have the new rolls Thad
