林肯美分

本週的專欄是在當地企業聚會上進行對話的提示。多個參與者告訴我，他們或他們認識的人正在積累林肯美分

This week's column is prompted by conversations at a local business gathering. Multiple attendees told me that either they or someone they knew were purposely accumulating Lincoln Cents from circulation as a direct response to the recent announcement that the U.S. Mint had halted their production. In some instances, the quantities involved were in the hundreds of dollars of face value.

本週的專欄是在當地企業聚會上進行對話的提示。多個參與者告訴我，他們或他們認識的人故意從流通中積累了林肯美分，這是對最近宣布美國造幣廠停止生產的直接回應。在某些情況下，涉及的數量是數百美元的面值。

The idea of tying up money and space in hopes that U.S. cents might become rarities worth a premium is not a new one. I doubt that it is an idea worth tying up money and space in hopes of striking it rich.

綁架金錢和空間的想法希望我們的美分可能成為值得溢價的稀有品並不是一個新的。我懷疑這是一個值得一提的想法，希望能使金錢和空間有錢。

The U.S. Mint has struck almost 400 billion copper-coated zinc cents from 1982 to date. That is 400,000,000,000. Today, the metal content of these coins is roughly 3/4 of one cent. Another about 150 billion Lincoln cents were struck with the Lincoln Memorial reverse from 1959 to 1982. Their content is 95 percent copper. From 1959-1962, the other 5 percent was a mixture of zinc and tin. From 1963 to 1982, the other 5 percent was zinc. The current metal value of these coins is around 2-3/4 cents.

從1982年到迄今為止，美國造幣廠已經擊中了近4000億銅塗層的鋅美分。那是4億。如今，這些硬幣的金屬含量約為1美分的3/4。從1959年到1982年，林肯紀念館的逆轉次數為林肯紀念館，林肯的含量為95％。從1959年至1962年，其他5％是鋅和錫的混合物。從1963年到1982年，其他5％是鋅。這些硬幣的當前金屬值約為2-3/4美分。

Ever since the Mint switched over to copper-coated zinc cents in 1982, I’ve known several people who have hoarded the earlier 95 percent copper issues. At today’s metal value, that might appear to be a bargain. However, as of 2007, there are legal restrictions on melting or exporting U.S. cents and nickels. These coins can be legally melted down if used in a personal project such as making jewelry. Otherwise, it is not legal to melt them down in the U.S. Also, in 2007, the U.S. government imposed a limit of $5.00 face value on the quantity of cents and nickels that a traveler may take out of the U.S. In addition, a limit of $100 face value per package of cents and nickels can be exported. These limitations impose such a high cost to exporting these coins that it is not economically feasible to arrange to melt them beyond America’s borders.

自從1982年薄荷切換到銅塗的鋅美分以來，我就認識了幾個人，他們已經ho積了較早的95％的銅問題。按照當今的金屬價值，這似乎是一種討價還價。但是，截至2007年，對融化或出口我們的美分和鎳的法律限制。如果在個人項目中使用，例如製作珠寶，則可以將這些硬幣融化。否則，在2007年，美國政府也將其限制為5.00美元的面值，對旅行者可能會從美國帶走的美分和鎳的數量，每包100美元的面值每包美分和鎳的限額可以出口，否則將其限制為5.00美元，這是不合法的。這些限制施加瞭如此高的出口成本，以至於將它們融化在美國邊界之外的經濟上是不可行的。

Beyond considering the economics of melting 95 percent copper Lincoln Cents, you must consider the impact of inflation on the money supply. The people still hoarding U.S. Silver Certificates after the Treasury stopped redeeming them for silver in 1968 have lost most of their purchasing power while waiting for the collector value to rise. I suspect the same will occur with those who opt to hoard Lincoln Cents. There are so many of these coins in private hands right now that they will never be rare. That will be especially true with the restrictions imposed on melting U.S. cents and nickels that do not apply to American silver or gold coins.

除了考慮融化95％銅林肯美分的經濟學外，您還必須考慮通貨膨脹對貨幣供應的影響。財政部在1968年停止將其贖回給銀隊後，人們仍在ho積美國證書，在等待收藏家的價值上升的同時，他們的大部分購買力都失去了大部分購買力。我懷疑那些選擇ho積林肯美分的人也會發生這種情況。現在有很多這些硬幣掌握在私人手中，以至於永遠不會罕見。對不適用於美國銀或金幣不適用於美國的美分和鎳的限制，尤其如此。

The U.S. dollar is destined to continue losing purchasing power faster than the value of these cents might appreciate as collector’s items. The Federal Reserve's target is for the dollar’s purchasing power to decline by 2 percent each year. The actual rate of purchasing power decline over the past half-century has averaged much worse than that target. In my judgment, hoarding Lincoln Cents won’t be worth it.

美元注定要繼續損失購買力的速度比這些美分的價值更快地作為收藏家的物品所欣賞。美聯儲的目標是每年美元的購買力下降2％。在過去的半個世紀中，購買力下降的實際速度比該目標差得多。根據我的判斷，ho積林肯的美分是不值得的。

I’m sure readers know of people who pull copper-nickel Kennedy Half Dollars and $2.00 Federal Reserve Notes out of circulation when they see them. It is always possible that such people and those who are now hoarding Lincoln Cents may someday become numismatists.

我敢肯定，讀者知道人們在看到銅尼克爾·肯尼迪的半美元和2.00美元的美聯儲票據時就從發行中看到了。這些人和現在正在ho積林肯美分的人總是有可能有一天成為錢幣主義者。

Last column's numismatic trivia question.

最後一列的錢幣瑣事問題。

1922 G$1 Grant coin.

1922 g $ 1贈款硬幣。

PCGS

Last time, I asked—Of the U.S. presidents who have appeared on coins, which of them had first names on their birth certificates of Hiram, Stephen, and Leslie? They were Hiram Ulysses Grant, whose name was changed to Ulysses Simpson Grant when he entered the U.S. Military Academy at West Point, Stephen Grover Cleveland, who served in public office under his middle name, and Leslie King, Jr., whose name was changed to Gerald Ford when his mother married his stepfather.

上次，我問 - 出現在硬幣上的美國總統，其中哪個在他們的出生證明中，他們的出生證明是Hiram，Stephen和Leslie？他們是希拉姆·尤利西斯·格蘭特（Hiram Ulysses Grant），他的名字被改名為尤利西斯·辛普森·格蘭特（Ulysses Simpson Grant），當他進入西點的軍事學院，斯蒂芬·格羅弗·克利夫蘭（Stephen Grover Cleveland），斯蒂芬·格羅弗·克利夫蘭（Stephen Grover Cleveland）以他的中間姓名在公職辦公室和小萊斯利·金（Leslie King，Jr。

This week's trivia question

本週的瑣事問題

Here is this week's question. This one should be easy for even novice numismatists. Which U.S. coin was struck with a 75 percent silver purity? Come back next week for the answer.

這是本週的問題。即使是新手錢幣主義者，這也應該很容易。哪個美國硬幣以75％的銀色純度擊中？下週回到答案。

Patrick A. Heller is the communications officer for Liberty Coin Service in Lansing, Mich. Past Issues of his "Liberty's Outlook" newsletter can be viewed at www.libertycoinservice.com. Some of his radio commentaries, "Things You ‘Know’ That Just Aren’t So,” and “Important News You Need To Know,” can be heard

帕特里克·A·海勒（Patrick A. Heller）是密歇根州蘭辛的自由硬幣服務的傳播官。可以在www.libertycoinservice.com上查看過去的“自由度前景”新聞通訊的過去。他的一些廣播評論是“您知道'的事物並非如此”，以及“您需要知道的重要新聞”，可以聽到