The 2009 Lincoln Cents had some surprisingly low mintages compared to prior years of the Lincoln Cent series.
The low mintages were the result of two primary factors. First, the slower economy caused many people to cash in old hoards of coins. This drove old coins back into circulation and diminished the need to produce new coins. Second, the production of cents for the year had to be divided amongst four different designs, dividing the already reduced production by a factor of four.
Besides lower mintages, the 2009 Lincoln Cents seemed to also experience more limited distribution than typical. As the Federal Reserve worked through distributing the glut of older coinage, the release of newly minted coins was delayed. Many members of the public did not encounter examples of the new designs until very late in the year, if at all.
The low mintage, limited distribution, and higher demand for the 2009 Lincoln Pennies created instant premiums for the coins on the secondary market. With the release of each new design, coins typically sold for several multiples of face value.
The final mintage for the 2009 “Birthplace”, “Formative Years”, “Professional Life”, and “Presidency” Lincoln Cents have all been provided by the United States Mint. The lowest mintages were achieved for the fourth design with 129.6 million produced in Philadelphia and 198 million produced in Denver.
2009 Lincoln Cent Mintages