Difference Between Lincoln Cent Folder & Lincoln Memorial Folder

Hello All,

I'm new to coin collecting and my first question is this. What's the difference between Whittman's Lincoln Cent Folders Vol. 1-3 and Lincoln Memorial Folders? It may be a stupid question, but I just didn't know. If I posted this to the wrong category, please let me know so I don't do it again. Thanks all!!

 

Log in or Sign up to hide this ad.

Lincoln Memorial Cents started in 1959, 50 years after the first Lincoln cent appeared in 1909. Before that, they were commonly called "wheaties" due to their reverse design. Lincoln Memorials will be on the reverse till 2009 when the mint will introduce 4 differant reverse designs depicting 4 periods of Lincoln's life. Keep in mind, this will be the 100th anniversary of this coin (longest running US coin obverse design) and the 200th anniversary of Lincoln's birth year.

Folders for all coins can be called a number of titles. Whitman has their name. Dansco also has their name. The key is to learn about the actual coin itself. I would start here:

Lincoln Coin Facts LINK

 

There won't be cents by 2009.

 

if anything the cent will last at least until 2009 just so they can make one last change to it and still keep lincoln on the front, in another attempt to have change without really having any new ideas.

 

I believe the mint should mint no more than a billion cents (500 million from both Denver and Philadelphia).

#2. With the advent of CoinStar machines and others, I am seeing people at my local grocery store dumping buckets of loose change in exchange for larger bills ALL OF THE TIME. I have to believe that more and more coinage is circulating back into the economy instead of sitting in a dresser drawer. For me, everytime I fill up my bucket, I take it to one of these machines...it buys a nice evening out.

[BTW...I still look at my change before I dump it in the bucket]

#3. Coinstar makes a nice profit on this deal (what is it? 8%??), but if you look at the time it takes for us to stack and roll coins, it is well worth it. If I were Coinstar, I would market in places like colleges and high schools where everybody is watching their pennies. Shoot...a bag of change may buy a pizza when you have the munchies! Actually, what a concept they have! They are not selling anything...they are buying "stuff" that is just sitting in a pickle jar.

#4). If you don't want the cash...DONATE the funds to your favorite charity and take the write-off. Bottom line, do something with this loose change!

#5). I hope the cent hangs around as all of my cents add up to real dollars. Is it necessary for the mint to make 5 or 6 billion of these units per year when most are not circulating back into the marketplace? I doubt it.

 

Most banks in my area (Long Is. NY) have coin machines and they give you face value. No 8% surcharge. :smile

 

even better!!

 

Yep, my bank does that too as long as you have an account.

 

In fact HR 902 will likely clear the Senate with little trouble as Lincolns popularity remains strong as we approach the bicentenial of his birth in 2009. Here's a link to the House Resolution http://thomas.loc.gov/cgi-bin/query/D?c109:4:./temp/~c109xykuQ8::