Wednesday, April 29, 2009

NEW LINCOLN PENNIES

New Lincoln Pennies
The U.S. Mint is making new pennies this year in honor of President Lincoln's 200th birthday. The first of four new 2009 Lincoln penny designs has an image of a log cabin on the tail side. But distribution is slow and we hear that single pennies are selling for $1 each and 50-cent rolls for up to $50 online. Save your money; there will be plenty of new Lincoln pennies in the future. A new tails design is scheduled to be released every three months. Lincoln's familiar profile is on the head side of all four penny designs.

12 comments:

GayleJ said...

I don't see "In God we trust" and am wondering if it's there, perhaps on the side?

Anonymous said...

What happen to in god we trust on the new pennies?

Anonymous said...

Seems like people somehow mistakenly want to call American "cents", the same as British "pennies" (short for "pence", their term for 1/100 of a pound sterling!. Should be "Lincoln cent", not "Lincoln penny"! The correct U.S. Coin name has always been "cent", and actually wastes less ink (in print)for you greenies out there! Now, if the 'powers in charge' could just see the billions of dollars a year that could be saved by eliminating this useless, unneeded coin from being minted, we would also have less of them to worry about in pockets and jars! Just round off purchases to either the next higher or lower nickel! Thanks for useful information, anyway!

lawalkowski said...

They'll be nice but will still be copper clad - with a zinc center.

Unless you keep them in a good environment, they will not last long. Any coins dropped on the ground start to disintegrate within a fairly short time. Modern aluminum or zinc coins will not leave much of a legacy for generations to come.

Ever notice you do not see very many worn out pennies. They don't last long enough to wear out.

Anonymous said...

Don't bet your last dollar on plenty of pennies being available. I talked to the mint, they said they are going to mix the new pennies in with the old ones. There is a major glut of pennies, so they are in no hurry in getting these pennies to market.

Anonymous said...

I believe the correct term in celebrating a birthday of someone who's passed on is, in this case,
"Celebrating the 200th anniversary of Lincoln's birth."

Anonymous said...

This is, by far, the best project in the stimulus program. We are now on the road to prosperity, thanks to the brain of the originator of this plan!

Anonymous said...

Hi,To answer a few of the questions on the Lincoln cent."In God We Trust" is on the heads side.Also I wouldn't bet on them being plentiful.The U.S. Mint has already ceased production of dimes & nickels for the year,& a 70% reduction from last year on all coinage.This year will have the lowest production numbers in the past 40 yrs.And yes $1 each is quite high.They sell around here for .35 - .50 each when you can find them.

Anonymous said...

I live in Boston, MA and was phoning every bank I could think of to get some ordinary new pennies in circulation on February 11, the day before they were released. One month later still no luck. I wasted all that time. Do people have to have connections to get the new pennies from a bank? I ended up buying a double set roll of Mint pennies at 9x face value. They made money on me big time. Is this a conspiracy by the Mint to sucker people in desperate to get the new pennies? Why is it so difficult to get them?

lawalkowski said...

Actually, the government likes to release all these fancy coins because it really is a money maker for them.

Think about it. All the quarter, nickels and pennies that are in your drawer or display case are out of circulation. They got the face value and it will (almost) never be redeemed.

The same for postage stamps. If you collect stamps you buy them at a minimum of face value but if you never use them, the USPS makes money. They do not have to provide any service for the stamps you buy.

Anonymous said...

I live in New Orleans and am a cashier. Yesterday I Opened a roll of pennies that was mixed and was shocked to find three Log Cabin pennies in it. So I guess they are now starting to make there way into circulation slowly...

need coffee said...

i wish I had thought to get a roll of these when they first came out