Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Why do we get some many non and new collectors posting common cents on our boards?
>
Reply to Thread
Message:
<p>[QUOTE="johnmilton, post: 3443043, member: 101855"]I think I have the answer. When I was young collector in 1960s, finding Lincoln Cent dated from 1909 to 1920 in circulation was sort of exciting. People claim that they found Indian Cents in the 1960s, but I never did. When you think about it, those coins were 50 to 60 years old, and that sounded “ancient.”</p><p><br /></p><p>Today when a person posts a cent from the ‘50s and asks if it’s worth anything, most us don’t think much of it, even when the coin is Mint State or close to it. But when you think about it, those coins seem to those people like the old Lincoln and Indian cent seemed to us in the ‘60s. Furthermore, those coins are all 60 more years old and look to be in nice shape. So what happened?</p><p><br /></p><p>The difference is how cents have circulated in the last 50 to 60 years. Today you can’t buy anything for a cent. All they can do is make change for sales tax. Some people have been filling big jars with cents for years. Every once and a while they will take them to a coin counter or roll them up by hand to be turned into cash. For that reason, they hardly circulate which give them few chances to get any wear. If anything is wrong with them, chances are it’s corrosion.</p><p><br /></p><p>Back in the early 1900s, cents saw a lot of use. They are were used during the Great Depression when almost everyone was short of cash and could barely put food on the table or keep a roof over their heads.</p><p><br /></p><p>With the modern cent from the ’50s to the present, it’s huge mintages and very little use. Therefore they are worth very little despite their age.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3443043, member: 101855"]I think I have the answer. When I was young collector in 1960s, finding Lincoln Cent dated from 1909 to 1920 in circulation was sort of exciting. People claim that they found Indian Cents in the 1960s, but I never did. When you think about it, those coins were 50 to 60 years old, and that sounded “ancient.” Today when a person posts a cent from the ‘50s and asks if it’s worth anything, most us don’t think much of it, even when the coin is Mint State or close to it. But when you think about it, those coins seem to those people like the old Lincoln and Indian cent seemed to us in the ‘60s. Furthermore, those coins are all 60 more years old and look to be in nice shape. So what happened? The difference is how cents have circulated in the last 50 to 60 years. Today you can’t buy anything for a cent. All they can do is make change for sales tax. Some people have been filling big jars with cents for years. Every once and a while they will take them to a coin counter or roll them up by hand to be turned into cash. For that reason, they hardly circulate which give them few chances to get any wear. If anything is wrong with them, chances are it’s corrosion. Back in the early 1900s, cents saw a lot of use. They are were used during the Great Depression when almost everyone was short of cash and could barely put food on the table or keep a roof over their heads. With the modern cent from the ’50s to the present, it’s huge mintages and very little use. Therefore they are worth very little despite their age.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Why do we get some many non and new collectors posting common cents on our boards?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...