How come 50+ year old Lincoln Memorial pennies are not worth over face value yet?

How come 50+ year old Lincoln memorial pennies are not worth over face value yet but in the past 30+ year old Lincoln wheat pennies had some extra value back in the day?

 

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They are still quite common, and many people saved them in nice condition. I have some BU examples, but I don't expect to get rich off of them anytime soon.

 

Production: 1960's - 1980's
1 billion, 2 billion, 3 billion, 4 billion, 5 billion, 6 billion, 7 billion, 10 billion!

Need I say more?

Chris

 

Chris is correct. There were just far too many struck to find any real interest. I remember being thrilled to death to find a wheat cent in the early 1970’s. I doubt that in my lifetime I’ll see such an interest develop in the Memorial series.

 

Like @Legomaster1 said. Plus, I started collecting in 1948 and saved back many of the new, shiny LMC's. It cost 50 cents to save a roll. I still have most of them. Of course, I also saved back as many nice Wheat Cents as I could find and afford. I am one collector of many that did this. They were new and different and many people didn't think the format would last 60 years. Additionally, like the new 2009 and up, most collectors didn't like the change. Therefore, they kept more than they would normally. Will the new, ugly reverse fall into the same situation?

 

Two bits, four bits, ten cents, a dollar...........[stand up and holler is in there somewhere]

 

Cheers!

 

That stuff is too refined and rich for me......lost on the likes of this devil.

 

Said another way. . . Supply far outweighs demand.

 

@green18 I thought you liked ‘em all!

 

Supply and demand. Over supply and no demand. They just made too many.

Welcome to CT.

 

They are, if they are uncirculated.

 

I have about 50 uncirculated 1973 PDS, 50 unc. 1974 PDS, and 10 uncirculated 1964 P cents. I've never thought that they would be worth a significant amount.

Here are some prime examples from my extensive collection.

 

Because they don't know any better?

 

I feel like the Trump meme where he says "Biyinz and Biyinz and Biyinz..." would be appropriate here.

 

It's great with a coffee back!

Chris

 

that looks like a Double Dye

 

Hmm....That's a "Double faux pas"!

Chris