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Why is it so hard to find a 2009 penny?

The collapse of the economy in late 2008 reduced new circulating coin demand to the lowest levels in 50 years in 2009. Cent production's decline was part of the general trend. Congress could not have known what would happen when it authorized these markers of the 200th anniversary of Abraham Lincoln's birth.

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Four special designs were made marking the 200th anniversary of Lincoln's birth, yet they remain elusive. I was surprised to receive a 2009-D Professional Life Lincoln cent in my change yesterday. Even eight years after the four special designs of that year began to be struck at the Philadelphia and Denver Mints, I am startled when I see one.

The simple fact is I hardly ever encounter one.

Most collectors have had similar experiences.

I know the mintages demonstrate how scarce these coins are.

The collapse of the economy in late 2008 reduced new circulating coin demand to the lowest levels in 50 years in 2009.

Cent production’s decline was part of the general trend.

Congress could not have known what would happen when it authorized these markers of the 200th anniversary of Abraham Lincoln’s birth. Congressional action occurred in the prosperous times of 2005 when annual cent mintage was just over 7.7 billion pieces. Total mintage in 2009 was down by 70 percent from the 2005 level. Further, where in 2005 this mintage was roughly divided in half between the two mints, the four designs and two mints meant the 2009 mintage was divided into eight parts.

Is it any wonder that it is difficult to find one of these coins in change?

For the Birthplace log cabin design, Philadelphia made 284,400,000 cents and Denver 250,400,000. The Formative Years design with Lincoln sitting on a log reading had a “P” mintage of 376,000,000 and a “D” output of 363,600,000. The Professional Life design shows Lincoln standing with the Springfield, Ill., State Capitol behind him.

The “P” production was 316,000,000 and the “D” number is 336,000,000.

The fourth and final design for 2009 was the Presidency cent with the unfinished dome of the U.S. Capitol in Washington, D.C.

Philadelphia struck just 129,600,000 pieces while Denver produced 198,000,000.

The cent I received has the third highest mintage.

But I also have received the Presidency design as well.

In fact, I have seen all four designs in my change.

What I can’t say is that I have seen all of the “P” and “D” examples in this mini-set of eight coins.

Have I seen all eight?

I don’t think so, but I can’t prove it.

I did not keep a record.

I figured that even with the reduced mintages all would come my way sooner or later. Since I can’t prove they have not, I will ask collectors who kept better track of things if they have gotten all eight pieces in their change.

Or are you still looking, too?

Buzz blogger Dave Harper has twice won the Numismatic Literary Guild Award for Best Blog and is the former editor of Numismatic News.

Read more by subscribing to Numismatic New.

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What 1944 steel penny is worth the most?

1944 STEEL Wheat Penny Value According to the NGC Price Guide, as of November 2022, a Wheat Penny from 1944 in circulated condition is worth between $7500 and $33500. However, on the open market 1944 STEEL Pennies in pristine, uncirculated condition sell for as much as $200000.

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

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