林肯美分

本周的专栏是在当地企业聚会上进行对话的提示。多个参与者告诉我，他们或他们认识的人正在积累林肯美分

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.

本周的专栏是在当地企业聚会上进行对话的提示。多个参与者告诉我，他们或他们认识的人故意从流通中积累了林肯美分，这是对最近宣布美国造币厂停止生产的直接回应。在某些情况下，涉及的数量是数百美元的面值。

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.

绑架金钱和空间的想法希望我们的美分可能成为值得溢价的稀有品并不是一个新的。我怀疑这是一个值得一提的想法，希望能使金钱和空间有钱。

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.

从1982年到迄今为止，美国造币厂已经击中了近4000亿铜涂层的锌美分。那是4亿。如今，这些硬币的金属含量约为1美分的3/4。从1959年到1982年，林肯纪念馆的逆转次数为1500亿美分。他们的含量是95％的铜。从1959年至1962年，其他5％是锌和锡的混合物。从1963年到1982年，其他5％是锌。这些硬币的当前金属值约为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.

自从1982年薄荷切换到铜涂的锌美分以来，我就认识了几个人，他们已经ho积了较早的95％的铜问题。按照当今的金属价值，这似乎是一种讨价还价。但是，截至2007年，对融化或出口我们的美分和镍的法律限制。如果在个人项目中使用，例如制作珠宝，则可以将这些硬币融化。否则，在2007年，美国政府也将其限制为5.00美元的面值，对旅行者可能会从美国带走的美分和镍的数量，每包100美元的面值每包美分和镍的限额可以出口，否则将其限制为5.00美元，这是不合法的。这些限制施加了如此高的出口成本，以至于将它们融化在美国边界之外的经济上是不可行的。

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.

除了考虑融化95％铜林肯美分的经济学外，您还必须考虑通货膨胀对货币供应的影响。财政部在1968年停止将其赎回给银队后，人们仍在ho积美国证书，在等待收藏家的价值上升的同时，他们的大部分购买力都失去了大部分购买力。我怀疑那些选择ho积林肯美分的人也会发生这种情况。现在有很多这些硬币掌握在私人手中，以至于永远不会罕见。对不适用于美国银或金币不适用于美国的美分和镍的限制，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.

美元注定要继续损失购买力的速度比这些美分的价值更快地作为收藏家的物品所欣赏。美联储的目标是每年美元的购买力下降2％。在过去的半个世纪中，购买力下降的实际速度比该目标差得多。根据我的判断，ho积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，读者知道人们在看到铜尼克尔·肯尼迪的半美元和2.00美元的美联储票据时就从发行中看到了。这些人和现在正在ho积林肯美分的人总是有可能有一天成为钱币主义者。

Last column's numismatic trivia question.

最后一列的钱币琐事问题。

1922 G$1 Grant coin.

1922 g $ 1赠款硬币。

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，我问 - 出现在硬币上的美国总统，其中哪个在他们的出生证明中，他们的出生证明是Hiram，Stephen和Leslie？他们是希拉姆·尤利西斯·格兰特（Hiram Ulysses Grant），他的名字被改名为尤利西斯·辛普森·格兰特（Ulysses Simpson Grant），当他进入西点的军事学院，斯蒂芬·格罗弗·克利夫兰（Stephen Grover Cleveland），斯蒂芬·格罗弗·克利夫兰（Stephen Grover Cleveland）以他的中间姓名在公职办公室和小莱斯利·金（Leslie King，Jr。

This week's trivia question

本周的琐事问题

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.

这是本周的问题。即使是新手钱币主义者，这也应该很容易。哪个美国硬币以75％的银色纯度击中？下周回到答案。

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）是密歇根州兰辛的自由硬币服务的传播官。可以在www.libertycoinservice.com上查看过去的“自由度前景”新闻通讯的过去。他的一些广播评论是“您知道'的事物并非如此”，以及“您需要知道的重要新闻”，可以听到