I'll ask this about the last of Lincoln cent

I'm not sure if it has been asked. In opinion do you think that error and varieties of cents will become more valuable over time? I just read they are also pulling cents out of circulation?

 

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NO! LOL.

 

just a crazy post about pulling cents apparently

 

They'll get more valuable in nominal dollars - at some point, given inflation, even Zincolns and clad higher denominations will be worth more than face value as "bullion". But in terms of actual value, they'll be trivial longer than either of us are alive. Who cares if you can sell a roll of Lincolns for fifty bucks, if that fifty bucks still won't buy you a loaf of bread?

 

Look at all the other types of coins that no longer circulate. The cent will be no different. It will cause certain ones to go up but most will be about the same.

 

Add to that the fact that cents are made of base metal, the answer is no. There are too many survivors to make them valuable.

I collected all of the U.S. modern gold commemorative coins for many years. They have become a “good investment” because of their melt value. As collectors’ items, they dead in the water. They have not had a collector premium for a long time.

 

1. Not significantly because of pennies ceasing, but in general they will eventually go up in value, as most things do the older they get.
and 2. No, they're not pulling cents out of circulation; they're just not minting any more (at least not for circulation). All the ones already minted are not being recalled, and they are still legal tender.

 

As those of us who actually remember using cents in a purchase and not just receiving them in change move on from this life, the fond memories of them will fade, and as mentioned by @johnmilton they are a base metal and survive in such quantity that they will never be worth any more than they are today accounting for inflation.

@eric6794 my answer to your original question would be that due to the widespread interest in them over the years, I would guess they are the most collected coins in our history, the varieties/errors have mostly been identified, and values established and they will not increase in value either.

 

I still have my container full of lose change and that's all it will ever be for me.

 

The only thing I can see changing is if the law is changed to allow melting of copper cents. Then those that have hoarded them over decades will finally find out that it's a losing proposition instead of living on hopes and dreams forever.

 

I heard they may phase out the nickel.

Hope they will make some NCLT pennies for Mint Sets.

 

Per unit price of 14 cents.

 

I believe that the mint will continue to mint them for collectors....

 

I agree with the above posters, they won't, however it won't stop your non-numismatic friends from asking about them for the next several years.

A few years ago, before I retired, a nice lady at work brought me a zip-lock bag full of coins and asked if they were "worth anything". They were all you-tube "get rich quick" coins, nicely mounted and labeled in new cardboard 2x2's, that her late father had collected. I told her what they were and that I didn't think they were worth much but I was no expert in that field.

I expect to see more bags of pennies in the coming years.

 

Copper cents, the plumbing and electrical fixtures of the future.
Melt baby, melt

 

It's reminding me of the big melt of silver in 1979-1980, only without all the destruction.

I'd love to see what's being turned in with these double-your-money redemption promotions. Mostly Zincolns, I'm sure, but I'm also sure people are finally dumping some jars that have been collecting dust for decades. I wouldn't be surprised to see IHCs start turning up in change from those stores!

 

inflation will get us all

 

That's what I was trying to get at, IE a 1972 DDO FS01 is hard to find period but now with the stoppage of cents being in production and actually circulated it will be much harder to find things such as that.

 

that's another thing I was thinking about. Since they are no longer in production would they take off the ban of melting them for copper value

 

I heard they will for mint sets but if they did then the privy mark of Omega they did would be ridiculous