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<p>[QUOTE="mrbrklyn, post: 441807, member: 4381"]To be honest, I hate this coin and wish they still used the flying eagle, BUT, that being said, the demand for most of the series is a drop in the bucket compared to the mintage of most dates. That's why there so collected. I have Jars full of them all over the house. One time I went into a restaurant on 58th street and 8th avenue and someone asked for some pennies, and the guy pulled out two fire buckets of them and told him they can take a handful, no charge.</p><p><br /></p><p>It's only the keys with lower mintages that are going to face a bubble, IMO.</p><p><br /></p><p><br /></p><p>For example, even in the first year they minted 100,000,000 Lincoln cents, and they went up from there. In 1919 they minted almost half a billion Lincolns. The 1922 rare "plain" variety? over 7 million of them, and that was a mistake coin, probably one for every serious coin collector in the US. By 1942 the mint produced almost 9,00,000,000 Lincolns. There was almost 2.5 x10-9 (2 and a half billion - more than one for everyone in China) steel cents made during the war. The "scarces" 1944 S over 280,000,000 alone.</p><p><br /></p><p><br /></p><p>And that's just the Wheates. There are over 4,000,000,000 1969 -D's. That might have been the world population in 1969. 1972, 7.2 billion between Philadelphia and Denver. 1980 over 12 billion. in 1982 over ten x 10-9 from Phili alone. And today it seems to be slowing down because....well probalby because of plastic and because they're worthless.</p><p><br /></p><p>There can be all the demand in the world, but only a few keys will feel upward pressure.</p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>
[QUOTE="mrbrklyn, post: 441807, member: 4381"]To be honest, I hate this coin and wish they still used the flying eagle, BUT, that being said, the demand for most of the series is a drop in the bucket compared to the mintage of most dates. That's why there so collected. I have Jars full of them all over the house. One time I went into a restaurant on 58th street and 8th avenue and someone asked for some pennies, and the guy pulled out two fire buckets of them and told him they can take a handful, no charge. It's only the keys with lower mintages that are going to face a bubble, IMO. For example, even in the first year they minted 100,000,000 Lincoln cents, and they went up from there. In 1919 they minted almost half a billion Lincolns. The 1922 rare "plain" variety? over 7 million of them, and that was a mistake coin, probably one for every serious coin collector in the US. By 1942 the mint produced almost 9,00,000,000 Lincolns. There was almost 2.5 x10-9 (2 and a half billion - more than one for everyone in China) steel cents made during the war. The "scarces" 1944 S over 280,000,000 alone. And that's just the Wheates. There are over 4,000,000,000 1969 -D's. That might have been the world population in 1969. 1972, 7.2 billion between Philadelphia and Denver. 1980 over 12 billion. in 1982 over ten x 10-9 from Phili alone. And today it seems to be slowing down because....well probalby because of plastic and because they're worthless. There can be all the demand in the world, but only a few keys will feel upward pressure. Ruben[/QUOTE]
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