Mint News Blog

News, Information, and Commentary on US Mint Products

Friday, May 15, 2009

2009 Lincoln Penny Launch at Lincoln City, Indiana


Yesterday, May 14, 2009, the launch ceremony for the second redesigned 2009 Lincoln Cent was held in Lincoln City, Indiana. Thousands of people attended the event to witness the ceremony and have a chance to receive some of the first new Rail Splitter Lincoln Pennies.

The event was held at the Lincoln Amphitheatre in Lincoln State Park. It was estimated that 3,000 people attended. This is double attendance estimate for the first ceremony held in Hodgenville, KY.

The ceremony was presented by the United States Mint Director Edmund Moy. Over 200 elementary school students were included in the ceremony along with the actor portraying Young Abraham Lincoln in the theatrical production "Lincoln - Forging Greatness" which opens June 12 at the Lincoln Amphitheatre. About 800 people actually watched the ceremony. One account said that only one third of the seats at the amphitheater were filled, since most people remained waiting in line for the coin exchange.

There were 20,000 penny rolls exchanged at the event. All coins were from the Philadelphia Mint. This is double the number exchanged at the previous Hodgenville event. Attendees were allowed to exchange a minimum of two rolls or a maximum of six rolls. Some people were lining up as early as 3:30 AM for the coin exchange.

After exchanging coins, attendees had their hands stamped to keep track of who had a turn. While the ceremony was taking place, there were more than 1,400 people in line that stretched over half a mile. Some people were able to go through the line twice. Some reported that they managed to go through the line three times.

There was a Post Office across the highway at the Lincoln Boyhood National Memorial that was postmarking the rolls. There was a continual line of attendees waiting to get their rolls stamped.

No buying or selling of coins was allowed inside the park. However, at the edge of town there was a reports of someone offering to purchase rolls from attendees for $10 each.

As expected, the rolls are already selling for even bigger premiums on eBay. Unmarked rolls have sold for $20 to $30, USPS stamped and canceled rolls have sold for $50 to $75 dollars each, and some single coins have sold for $2 or $3. View the current eBay auctions.

The report from the Associated Press indicates that Director Moy stated that about 700 million of the pennies will eventually reach circulation. Interestingly, this is higher than the total combined mintage of 634.8 million for the Birthplace Penny. There was speculation that mintages for subsequent designs would be much lower following the US Mint's announcement that overall coin production would be cut by 70% this year.

Despite a little bit of rain, long lines, and traffic, every report I have received or read is generally favorable. People enjoyed the day, thought that the ceremony was well done, and the exchange line was orderly.

Thank you to several people who provided accounts of the ceremony and pictures. This includes Michael Forader, who had also previously provided the pictures for the Hodgenville KY event, Melissa Miller, the Executive Director of the Spencer County Visitors Bureau, and T.J. Milam, who provided an account in the comments section of Wednesday's post.

Enjoy the pictures of the event below. The first four photos are provided by Michael Forader, the last two by Melissa Miller.


Edmund Moy and Young Abe Lincoln Actor during the ceremony


Brinks Truck full of Rail Splitter Pennies


The Coin Exchange Line


The Post Office Line across the street


View of the Lincoln Amphitheatre


Another view of the Coin Exchange Line

Labels:

14 Comments:

At May 15, 2009 at 5:54 PM , Anonymous Anonymous said...

what is the basis behind having the rolls stamped at the post office? Is it to prove they are first day issue? Why does that make them any better

 
At May 15, 2009 at 7:45 PM , Anonymous Anonymous said...

I thought the USPS dropped the ball by having only two clerks and two round postmark stamps for thousand of coins and people. 3 hour wait was a joke. Thanks USPS

 
At May 17, 2009 at 7:12 AM , Anonymous Anonymous said...

I was there. The wait in line at the post office was terribly long. I am actually in the picture of the line at the post office. Two people in the post office was a joke.

 
At May 17, 2009 at 3:05 PM , Anonymous Anonymous said...

I read with interest that Mint Director Moy is being replaced. Perhaps the nation's collectors who wrote to complain about the miserable job being done by current Mint leadership did not fall on deaf ears. No matter the official or published reason...it should be a marked improvement.

 
At May 18, 2009 at 8:33 AM , Anonymous Anonymous said...

Collectors out there should be aware that one of the stamps used by the post office at the Lincoln Boyhood home memorial was stolen sometime in the late morning. It is the postmark that says "Lincoln Boyhood National Memorial" across the top and "Lincoln City, IN" with NO zip code across the bottom. I would expect to see a lot floating on EBay when whoever took it gets their case lots! Talk about a way to ruin the collector's value for everyone. I was at the post office in the morning and got some items postmarked with that stamp before the rolls were handed out. When I went to the post office after I got my rolls, the best stamp was gone!

Chris

 
At May 18, 2009 at 9:46 AM , Anonymous Anonymous said...

"I read with interest that Mint Director Moy is being replaced. Perhaps the nation's collectors who wrote to complain about the miserable job being done by current Mint leadership did not fall on deaf ears. No matter the official or published reason...it should be a marked improvement."

It is a political appointment, I believe. We can hope, but since when has politics stood for competence?

 
At May 18, 2009 at 10:06 AM , Blogger Pat said...

What's up with the US Mint site they now show the mint set to ship on 06/02. Quick change around HMMM

 
At May 18, 2009 at 10:47 AM , Anonymous Anonymous said...

Just got off the mint with regards to the delivery of the LP2s and my conclusion...PRAY They have no idea. Whether you ordered in the first hour or a day later of the release their answer is 4 - 6 weeks. I ordered within the first hour and checked with my order status today on their site. The date of shipment was mid July but my invoice says May 29. Good luck everyone!

 
At May 18, 2009 at 10:58 AM , Anonymous Upstate NY said...

Just checked my order status and they moved the anticipated ship date form 5/29/2009 to 7/15/2009. Why can they ship presidential dollar proof sets out within 24 hours but other products take months!!!????

 
At May 18, 2009 at 11:17 AM , Anonymous Anonymous said...

Funny, the Mint website now says 6/02 shipping date, but my 5/29 shipping date has been pushed to 7/15. $%*)*@$!!

 
At May 18, 2009 at 4:13 PM , Anonymous Anonymous said...

The pennys are not even pure copper. Why are people so hyped on something a billion will be produced of. If u pay more than face value for anything that says 2009 thats not gold guess what? YOUR STUPID. Ebay and HSN has made fools of you all.

 
At May 18, 2009 at 4:29 PM , Blogger mmmm said...

were not stupid....were the ones selling on ebay

 
At May 24, 2009 at 9:46 PM , Anonymous Frank B. said...

Was in attendance as a community supporter. Was dissapointed to not see the full venue used as the state paid for it to be. Am dissapointed that my tax dollars helped fund something I feel couldve been done locally at a fraction of the cost. No wonder or economy is where it is.

 
At May 28, 2009 at 10:14 PM , Anonymous Anonymous said...

I was wondering if anyone else has seen this listing on ebay.When I saw it.I immediately thought it was a fake.There is no P.O. cancellation on this roll. The seller claims that everyone went to the Post office while he stayed behind and stamped them with this special ceremony stamp.Does anyone know if there was such a stamp as this.I heard that a special made stamp was stolen.Is this the one that was stolen? If so,was this the person that stole it or did he get his stamped before it got stolen.Or was there a special ceremony stamp at all.I hope someone that knows this can check in to this and see what is going on here.Because there is already enough fraud going on out of this and the first ceremony.It's a shame people take advantage of this coin just to make a buck.I'm sure Abraham Lincoln wouldn't have wanted it this way.So if anyone knows what might be up with the listing below.I would appreciate it if I could get some answers to this Listing and the person who created it.You can find the listing by going to ebay and doing the keywords of the listing below.
Thank you
2009 Indiana Formative Years Lincoln Railsplitter Roll
Rare Ceremonial cancellation, 42 cent stamp I was there
US $99.99
Time Left: 13h 41m 02s

 

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