Finn235 Posted February 26, 2009 Report Share Posted February 26, 2009 What do you guys think will happen to the memorial-backed pennies? They've been made in such enormous quantities that I have a hard time believing that they will drop out of circulation quickly, especially since most people I've talked to don't even know that the redesign will be permanent. It's been 10 years since the quarter reverse has been changed, and 50-75% of all quarters I've come across (which is quite a few, as I'm a cashier) have been the old design. Still, quite a few wheat pennies were made back in their day, but those were snatched up pretty quick once people realized they weren't coming back. I'm really curious to see what the pattern is going to be for the memorial-back pennies. Most of the ones from before '82 with their original lustre are gone already. My guess is that the '59s and more rare dates (particularly the 1968-74 S that are still in circulation) are going to disappear first along with the remainder of the older pennies with their original lustre. The '60-81 are probably going to hang around for a while, but I'd guess they're going to disappear too. Once this is done, I'm guessing that the remainders will probably remain in circulation for a good long while until hoarders get desperate enough to snatch them all up and cache them somewhere. As for me, I'm hoping to hoard the ones that might accrue value later on (scarce dates and AU or better condition). I like to think of it as a cheap long-term investment. So far I have 300-ish pre-1982 pennies and 500+ pennies between AU and MS, just from roll searching in my spare time. Quote Link to comment Share on other sites More sharing options...
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