Dick Johnson forwarded this USA Today article about the new Lincoln cent designs. I'm still waiting to see one in circulation myself. -Editor The penny, often picked on for its piddly value, has found some self worth in 2009. The 2009 Lincoln cent — slow to spread into consumers' pockets — is being sold for big bucks. Single coins have fetched more than $1 each. Fifty-cent rolls have frequently ranged from $2 to more than $50 at online auction websites.
The first of four new penny designs officially launched on Feb. 12 — Abraham Lincoln's birthday — but the 634.8 million coins produced by the U.S. Mint have barely made it into circulation.
The penny distribution "is slow-going," says Mint spokesman Greg Hernandez. "Because of the downturn and the lower demand for coins (for business transactions), banks are not demanding as many coins," he says. "As a result, the Federal Reserve has a pretty large inventory."
The sense of rarity has made the coin seem much more valuable, says Dave Harper, editor of Numismatic News.
To read the complete article, see: New penny's slow start in circulation increases value (http://www.usatoday.com/money/industries/banking
Wayne Homren, Editor
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