Thursday, January 21, 2010

Anyone seen any 2009 coins?

A friend of mine was telling me that if you see any 2009 coins, you may want to set them aside. Apparently all coins minted in 2009 are kinda rare and here's why:
In general, the majority of people don't use change in their daily lives. Many gather the change from their daily purchases and simply toss it in some sort of container at the end of the day. Well, in the past year or two, due to the extremely sucky economy and high unemployment rate, millions of cash-starved people have finally taken their giant glass jugs full of daily loose change to the bank or Coinstar machines in exchange for more usable (and foldable) currency. This has essentially "flooded the market" with old coins, meaning there simply wasn't a huge need to mint the usual amount of coins for 2009. I've heard the actual quantity of coins minted for 2009 was very, very low compared to most years. And 2009 had some interesting coins too. The State Quarters wrapped up in 2008, so for 2009 the Treasury came out with Quarters commemorating non-state US Territories like Washington DC, Puerto Rico, Virgin Islands, American Samoa, Guam, and I think there was one more that I have never heard of. They also released 4 different Pennies to commemorate Abe Lincoln's birthday (or Election to President, or something like that). I am not a collector, but I have known about the situation with 2009 coins since probably early summer of 2009, and so far I have only seen 1 2009 Quarter and 2 2009 pennies. I have not yet encountered any 2009 nickels or dimes.
Happy hunting!

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