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How long till memorials become like wheats?
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<p>[QUOTE="cladking, post: 3122894, member: 68"]There's a huge difference between wheat cents and memorials; wheat cents had only about a 3% attrition rate since they were first minted and it went down to only about a 1% rate by about 1973. Memorials have had a 4% rate at first and it's now up to about 5% for the copper and 7% for the zinc. Such huge attrition rates are whittling down the number available. The copper will literally come out of the woodwork for centuries but the zinc doesn't survive any conditions for long. </p><p><br /></p><p>Finding nice well made and pristine examples of all the memorials is already an impossibility. While many dates are common they are all becoming less common every single day.</p><p><br /></p><p>At no time will these ever become "rare". What will probably happen is people will wake up one day and notice that things have gradually changed to the point that all the memorials are scarcer in most grades than all the wheats. Even this will never make them rare. What will make them "rare" is when collectors actually start assembling sets and bidding up the tough dates. Now there are only a few hundred registry set collectors who care but when pennies are long gone and not seen everywhere there will be collectors for other grades as well. </p><p><br /></p><p>If nothing changes (it will) memorials will be scarcer than wheats in only about 15 to 25 years.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3122894, member: 68"]There's a huge difference between wheat cents and memorials; wheat cents had only about a 3% attrition rate since they were first minted and it went down to only about a 1% rate by about 1973. Memorials have had a 4% rate at first and it's now up to about 5% for the copper and 7% for the zinc. Such huge attrition rates are whittling down the number available. The copper will literally come out of the woodwork for centuries but the zinc doesn't survive any conditions for long. Finding nice well made and pristine examples of all the memorials is already an impossibility. While many dates are common they are all becoming less common every single day. At no time will these ever become "rare". What will probably happen is people will wake up one day and notice that things have gradually changed to the point that all the memorials are scarcer in most grades than all the wheats. Even this will never make them rare. What will make them "rare" is when collectors actually start assembling sets and bidding up the tough dates. Now there are only a few hundred registry set collectors who care but when pennies are long gone and not seen everywhere there will be collectors for other grades as well. If nothing changes (it will) memorials will be scarcer than wheats in only about 15 to 25 years.[/QUOTE]
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