Easy on your Credit Union
Most Credit Unions, maybe none order from the
Federal ReserveHere is the way I understand it from talking to tellers all the way up to the Federal Reserve.Credit Unions and smaller banks are not set up to replenish theircoin supply with the Federal Reserve. They recycle the supply.With today's economy, they have more coming in than going out so the next step is to go to a bank that does order from the Reserve.Bank of America and Wachovia both order from the Fed. Here in Atlanta I have had both order a new supply of pennies and bothgot Lincoln Memorial. So I googled the Federal Reserve (you can do that and find the branch nearest you and a phone number).I called and talked to a very nice gentleman that explained to me that until the revolving supply of pennies began to dwindle, the Mint would not ship out the new Lincolns, even to the branches of the Fed. Atlanta as of today does not have its first shipment of the new Lincolns.Bottom line is its not your bank or Credit Unions "fault" thatthey do not have the new Lincoln cents. And if your branch of the Fed doesn't have them, even the big banks cannot get them.This all being said, who has any thoughts as to how to collect these new issues? Will the Mint rolls (already sold out) be the item? Should we break out a roll and have some graded? And I would imagine the mintage numbers will come into play. I am perplexed that the mint 1) limited the 2 roll set to 5 per household and 2) they are already sold out. NGC doesn't certify rolls, PCGS does. I wonder if thats the way to go? Anyway, the above is how I understand the scarcity of the newLincolns and if anyone has input as to a "direction of collection" I would appreciate hearing from you.Good day from Atlanta
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