Don't make coins like they used to

Discussion in 'Error Coins' started by Marie909, Feb 15, 2020.

  1. Marie909

    Marie909 Active Member

    If I could find 3 or 4 issues one coin such as bubbles, blistering, die deterioration would that have a premium? I think it would be a keeper to find a train wreck of a penny with multiple process errors 20200215_220207.jpg 20200215_220125.jpg 20200215_215949.jpg
     
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  3. LakeEffect

    LakeEffect Average Circulated Supporter

    You would think so, yes, but unfortunately bubbles and blistering are the norm for Lincoln cents made after 1982 when they started using copper plated zinc...
     
  4. ken454

    ken454 Well-Known Member

    no, it just means its damaged 3 or 4 times more than a coin without those issues...
     
  5. Clawcoins

    Clawcoins Damaging Coins Daily

    Are wrecked trains worth more than working trains?


    Btw, that is a corrosion dome at the base of the 8.
     
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  6. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    They shouldn't but sadly there are thieves who post such coins with those issues on ebay and Etsy claiming they are "Rare" mint error for ridiculous amounts of money. So newbies trying to learn true mint errors and values are just completely confused and misled.
     
  7. Marie909

    Marie909 Active Member

    And have you ever noticed that their pictures are sometimes very blurry... hmmmm
     
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  8. Kevin Mader

    Kevin Mader Fellow Coin Enthusiast Supporter

    Buyer beware, or so the saying goes. Interesting to have multiple things going on, probably. Value...not so much. Spend the Zincolns before they disintegrate.
     
  9. Inspector43

    Inspector43 Celebrating 75 Years Active Collecting Supporter

    I agree with the title and, I think, the theme of the post - they don't make coins like they used to.
     
  10. medoraman

    medoraman Supporter! Supporter

    Yeah, but is it really the mint's fault? Who the heck can use government union workers and manufacture something for less than a cent nowadays, but still look like a cent? They are being asked the impossible. Maybe they could make red fiber cents or something near that price.

    One cent and 5 cent pieces simply are not needed anymore, and should be discontinued. Free up room in change drawers for $1 and $2 coins.

    I truly believe a big push to digital cash has been our lack of better coins. Who wants to carry around $2 worth of quarters to buy a pop in a vending machine? It is simply ridiculous.
     
  11. Collecting Nut

    Collecting Nut Borderline Hoarder

    You would think so wouldn't you? But alas they do not. It's just part of the process due to these cheap Zinc Cents.
     
  12. whopper64

    whopper64 Well-Known Member

    Fantasy Alert! The U.S. Mint announces beginning in 2021 that all Lincoln cents will no longer be minted for circulation, but still minted for collectors only. Composition will revert back to 1981 when they were 95% copper. Premium prices will result in profit, not deficit for minting of pennies! Ah, it's good to dream!
     
  13. Collecting Nut

    Collecting Nut Borderline Hoarder

    That's the biggest fantasy I've ever heard!
     
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  14. -jeffB

    -jeffB Greshams LEO Supporter

    The Zincoln farce could be part of a long-term strategy to phase out the cent (if we believed the Mint dealt in long-term strategies).

    Most cents in "circulation" at this point are Zincolns. If the Mint stops issuing them for circulation, the ones currently circulating will continue to rot away, everyone will eventually get sick of getting corroded and corrosive change, and the general public will be HAPPY to see them go.

    (I put "circulation" in quotes, because I'll bet 80% or more or cents today are at some stage of a one-way trip from the Mint, to the banks, to the stores, to a change jar or parking lot, to the trash...)
     
  15. capthank

    capthank Well-Known Member

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  16. Santinidollar

    Santinidollar Supporter! Supporter

    Makes sense to me, other than presuming anyone could or would come up with a 40 year strategy. You’d also have to assume the zinc lobby would “let” the Mint stop production.
     
  17. tommyc03

    tommyc03 Senior Member

    The fantasy scenario is really not so far fetched. Eliminate the cent in it's current composition and make it of plastic. Lighter, cheaper, easier to transport because of weight, etc. If my former company could make a finished syringe in the 1cc-3cc size and sterilized for less than a nickel each why could the mint not make a 1 cent coin dirt cheap? And continue to make a one cent coin for collectors out of bronze. Let's face it, their are no more machines that take one cent coins outside of elongated coin stamping machines, and the vending machine operators should have no problem with this. I'm pretty confident banks and Brinks would love not to have to lift and transport all that weight. If made of polyethylene they would likely enjoy a longer life than Zincolns. Coinstar would reject them but that would be a nominal headache. Just thinking outside the box. Let the naysayers give this a shout out.
     
  18. Clawcoins

    Clawcoins Damaging Coins Daily

    I think we would see a massive influx of new posters asking if their cent is a mint error ....
     
  19. -jeffB

    -jeffB Greshams LEO Supporter

    So, in other words, no difference?
     
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  20. JCro57

    JCro57 Making Errors Great Again

  21. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

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