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Circulation Distribution Stats for Memorial Copper Cents (1959-1982)
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<p>[QUOTE="cladking, post: 2288239, member: 68"]For many years there were about 20% coppers even as they were being hoarded. I figured this was because the zincs rot away so quickly that they couldn't accumulate even as the coppers were disappearing. The last couple years the percentage of coppers is finally beginning to drop. I'm guessing the mint will be swamped making 10 billion a year just to replace the rotting cents. At some point they'll have to put an end to the madness. This will happen very soon after there's a real economic recovery. They simply aren't going to want to produce 20 billion cents per year at a cost of about a billion dollars. </p><p> </p><p>It will be interesting to see what one cent coins survive after the mint recalls them. Nice AU 1966's will be somewhat uncommon but what about '84-D's? Most of these are already rotted away and the survivors are stained, gouged, ugly, and have oxide on them. Even mint set coins are a fright much of the time. </p><p> </p><p>The penny greatly outlived its usefulness. In a sane world it would have been discontinued in 1974 but then a lot of very interesting and potentially valuable coins would never have been made.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 2288239, member: 68"]For many years there were about 20% coppers even as they were being hoarded. I figured this was because the zincs rot away so quickly that they couldn't accumulate even as the coppers were disappearing. The last couple years the percentage of coppers is finally beginning to drop. I'm guessing the mint will be swamped making 10 billion a year just to replace the rotting cents. At some point they'll have to put an end to the madness. This will happen very soon after there's a real economic recovery. They simply aren't going to want to produce 20 billion cents per year at a cost of about a billion dollars. It will be interesting to see what one cent coins survive after the mint recalls them. Nice AU 1966's will be somewhat uncommon but what about '84-D's? Most of these are already rotted away and the survivors are stained, gouged, ugly, and have oxide on them. Even mint set coins are a fright much of the time. The penny greatly outlived its usefulness. In a sane world it would have been discontinued in 1974 but then a lot of very interesting and potentially valuable coins would never have been made.[/QUOTE]
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Circulation Distribution Stats for Memorial Copper Cents (1959-1982)
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