I am hardly certain that this is any great example of "Gresham's Law"
in action. The good bronze cents and the trashy zincents have
circulated side by side for 26 years now.
All things considered, the bronze should have disappeared long ago.
1964??? No way.
OTOH, copper has recovered from a low of about $1.60 per POUND to
about $2.10 per POUND today. Still, far below the copper price at
this time last year.
American fat girls prefer potato chips nowadays, I'm afraid.
Cheesecake is too pricey and too sophisticated for the trailer park
crowd.
oly
P.S. The presence of wheat cents is highly unpredictable and irratic
nowadays because of the "Coinstar effect".
oly
What were you saying now, I'm still thinking about all that cheesecake...
James
It does appear to me that the solid copper cents are indeed falling
victim to Gresham's law.
I suppose I'm partially responsible since I cull them from circulation
and toss them in a jar on my dresser.
> I suppose I'm partially responsible since I cull them from circulation
I do too in an almost obsessive way.
> and toss them in a jar on my dresser.
>
My jar is on a bookshelf. Actually it is not a jar but a beer can "blank"
from the 125th Anniversary of Leinenkugel's brewery.
When I get home every nite I check my cents and I finding about 20% are
copper (1959-1981). I don't even bother trying to detect the differnce with
1982 cents. BTW, I got a 1950-S quarter in VF on Wednesday. My first
silver coin in over 5 years.
Tom
"Blank" or "bank"? I suspect the latter. Lotta breweries used to produce
some of their (empty) cans with bank tops or as drinking mugs for various
promotions.
>> My jar is on a bookshelf. Actually it is not a jar but a beer can
>> "blank" from the 125th Anniversary of Leinenkugel's brewery.
>
> "Blank" or "bank"? I suspect the latter. Lotta breweries used to
> produce some of their (empty) cans with bank tops or as drinking mugs for
> various promotions.
No, a blank. When the cans first come into the brewery they come without a
top. A machine attaches the top of the can after the beer has been filled.
I was an employee and grabbed a blank that was never filled.
It is kind of like a planchet for beer :-)
Interesting. Most of the incomplete 3-piece steel body cans had the bottom
lids installed last. I used to get lots of them like that from a fellow who
worked at Pittsburgh Brewery. So can I assume yours is aluminum? Most of
the unfilled 2-piece aluminum cans I've seen had no top lid. Back when my
naive goal was to collect every US beer can design produced, I had several
different Leiny cans. The basic design never changed much over the years.
Someone at one time did a study on the rate of destruction on a
circulating cent. And it's just exactly like melting ice. The smaller
the size, the faster the melt happens. Same with cents. They get
thrown away at a high rate too. I don't think there's very many people
who are hoarding those just for the copper--it can only take a couple
of hoarders in one area to depete the supply though.
Try another city. Most cents during their lifetime only circulate
withing a few miles radius.
HTH
The last time three times I've searched I've found similar results.
Out of 130,000+ cents I have one small mason jar full of full brown/
red brown and problem free circulated copper Memorials. No spots or
damage--just wear on those. Some are BU. A half whiskey decanter full
of bu Zincolns with spots and maybe about 2 rolls worth of Zincolns I
tossed in a Log Cabin syrup bicentennial decanter that I kept from
1976. And those are all problem free--no spots or just one spot. Plus
I put together one almost full gem+ LMC date/mm set, a 2x2 box with a
half dozen or so of toners, varieties and errors in flips. I also kept
a few BU red-brown copper in flips-just because. I found a whole roll
of '03's that are 66-67's. I have half a baby jar full of small clips,
questionable doublings, huge die cracks, not quite enough off centers
and such. I tossed most of the common, problem-free wheats I've kept
into a baby jar. I've only found 3 BU wheats--'57D, '54D and '53S.
Never found any wide-AM's.
I did not know that. Since I have only worked at Leinie's I assumed they
all came this way.
> I used to get lots of them like that from a fellow who worked at
> Pittsburgh Brewery. So can I assume yours is aluminum?
Yes.
> Most of the unfilled 2-piece aluminum cans I've seen had no top lid.
Well I learned something new today.
> Back when my naive goal was to collect every US beer can design produced,
> I had several different Leiny cans. The basic design never changed much
> over the years.
>
The 125th can is different. Typical can has a white background this has a
cream-yellow sort of background and extra symbols to let you know it is the
125th Anniversary. That was an interesting time. I recall the company
hosted a softball tournament with 125 teams.
That's a lot of teams. I just got back from a tournament in Charleston, SC
last weekend where there were about 60 teams. We happened to win our age
bracket, which will give me good memories for awhile as I recuperate from
knee replacement surgery in two more days. My team plays in the annual
Huntsman Senior Games in St. George Utah where they had about 375 teams last
year from around the world. I presume Leiny provided lots of Bud Light?