Death to the penny!

As long as there are 95% copper cents floating around a person could buy one with a copper plated zinc cent and come out ahead. So you can actually get more than the modern cent is worth in this scenario. Eventually I can imagine a premium for the 95% copper cents where they will be bought and sold by the bag based on the intrinsic value of the copper much like the 90% silver coins are now.

So get out those bank bags and start filling them up!

 

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Actually it started with half pennies and one cent roughly equaled one half penny. The British didn't have a copper penny until 14 years after we gained our independence, and five years after our mint was making cents.

The closest "penny" in value to our cent was the New York Penny which did not exist as a physical coin, just as a theoretical money of accounting. There were 90 New York pennies to the Spanish Milled dollar.

 

Actually, no, you're not "buying" another penny, you're exchanging 1 penny for another penny.

It simply does not work that way when buying goods.

 

I like finding them, exchanging them, picking them up and just all thing Lincoln cents. Growing up as a kid the penny was the thing I collected. I say that because as a kid that is what I think most of us referred to it as. I still name some of my Lincoln registry sets with penny in the title. Some with cents as well. I chuckle that the few times I displayed some of my Lincolns at shows the look on serious collectors faces when you refer to it as a penny. Blasphemy. LOL. As a collector I hope they continue with it in some fashion for a long time as long as they can make it profitable for the mint. Here is another from my collection and why collecting Pennies can make Cents. First photo from Heritage Auctions and the 2nd is my photo

 

Great. Those pictures made me have to change my underwear. Thanks...

 

That is true and I knew that but, it sounded good at the moment.

 

Did you actually "find" this cent and submit it for grading or did you perhaps purchase the graded coin?

 

OR, maybe he purchased it THEN sent it to get graded.

 

No in this case I purchased it already graded.

 

Now here is one that I found indirectly. NGC has graded over 27,000 examples of the 2009 Formative Year business strike Lincoln's and have graded only 18 examples at MS68RD so far with none higher. It was only after I purchased this coin from a dealer on Ebay to go into my registry set that I notice that it is a Wexler WDDR-002 die variety. The pictures are of the actual coin taken by a fellow CT member robec and that is when I noticed it. Thanks Bob