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Four not so fantastic?

Call me puzzled. Collectors as a group have strong opinions. One current opinion somewhat mystifies me. Let me explain.

I received a response to last week’s poll question about whether collectors would be buying Abraham Lincoln commemorative silver dollars next year, but the writer went on to comment about the upcoming four cent designs that will be released to circulation next year, too.

“If my money holds out, I will probably buy the Lincoln silver dollar. It makes a lot more sense than four different versions of the Lincoln cents. What a total waste of the productive capacity of the Mint.”

The swipe at the four cents is a related topic, but I have received a fairly large number of similarly expressed sentiments in other e-mails and letters to the editor in recent weeks.

As I said, I don’t get it.

When legislative proposals arrive in Congress to abolish the cent, a majority of collectors rise up to defend it.

When the numbers of commemorative coins, special collector sets and special precious metal issues get expensively out of hand for the average collector to buy, I receive numerous complaints.

So why is there what seems to be a significant number of collectors who take a swing at something that will make the cent relevant to the rest of the country for the 12 months of 2009 as we observe the 200th anniversary of the birth of Abraham Lincoln?

We will get them for face value in our change, so the price is certainly not excessive. They will be incorporated in the standard mint sets and proof sets, so everyone will have an opportunity to buy collector versions if they so choose in sets that they would normally buy anyway.

So why the bashing of the four cents? Unless it means collectors really do want to see the cent abolished and more and more expensive gold and silver coins offered to collectors instead.

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One Response to Four not so fantastic?

  1. Dan says:

    I can’t speak for all collectors, but from the opinions I’ve read, a number of collectors would have preferred that the Mint return to the wheat ears reverse for 2009. I’ve also seen a few opinions that it would have been nice for the Mint to have released 484,000 2009 s v.d.b. cents into circulation. I kind of like that idea– I can only imagine what kind of treasure hunt that would inspire.

    I haven’t followed the Lincoln cent development very closely, but I’ve read that there are likely to be at least 12, and maybe as many as 20, different versions at the end of the day.

    A circulating "P" and "D" version of each of the 4 designs (8 coins)

    Possibly a proof of each of the 4 designs (maybe in copper?) (4)

    Possibly "P" and "D" copper versions for mint sets? (8)

    At some point, I think people are concerned it’s just too much, though there’s no arguing with you on one point: at least these will be affordable.

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