Potential future value of 2017 "P" penny bank rolls?

I also have a rolls of Unc. 1974 and 1977 cents that I got from the bank when I was a kid. They sit next to my rolls 1999 P&D State quarters. Sooner or later they're going to end up back in circulation

 

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I really feel sorry for these folks buying these things up like mad. I saw coin vault offering a $25 box of these 2017-p cents for $99.99. All while explaining how this was the deal of the century and "you better get 'em while you can." Only to find out when you pass them down to Jr. all he will do is promptly cash them in at the bank...even if that is 50 years from now. I'm all for complete and total free enterprise capitalism, if people are willing to pay ridiculous prices for junk, then so be it, but I am surprised at the number who are willing to pay up for these.

 

When I said something like this in another thread ( https://www.cointalk.com/threads/someone-took-the-time-and-moneys.302999/page-2 ) someones there blamed/condemned me. (anyway, no personal issue here.)

Zero!? Good. So short and to the point. Then, that 2017 P penny coin is the most valuable one, as there is no any zero value coin. And, its future value of that P coin "may" always be "zero". If that happens, it'll be priceless.

 

Good thing you only paid FV for em. Can always recoup your cash and put it towards more coins .
I can't think of a single coin (mint errors and the like excluded) released into circulation since the Coinage Act of '65 was passed that is worth more than its face value in the current market.

 

Yeah, I have gobs of uncirculated 1962-d 1963-d and 1964-d that I got from my late grandfather most are shiny red...they would all be back in circulation now if not for sentimental value.

 

[QUOTE="I can't think of a single coin (mint errors and the like excluded) released into circulation since the Coinage Act of '65 was passed that is worth more than its face value in the current market.[/QUOTE]

I assume you mean other than the 65-69 Kenndys

 

I take it I may be that person. I think you took my argument in the other thread out of context. Like you said no personal issue, we'll put the whole thing to rest before we both get carpal tunnel typing away about something that was somewhat petty to begin with.

 

I assume you mean other than the 65-69 Kenndys[/QUOTE]
Touche. I figured there was something slipping my mind.
With the quantities being produced nowadays though I don't see anything devoid of precious metal carrying a premium.
Some say 2009 coins will hold extra value due to low mintages by modern standards, but I think that is even a stretch.

 

I am sure they will be of value to folks on the west coast who can not get them at their local bank.

 

Do future generations a favor and remove them from
the paper wrappers and put them into plastic tubes.
If you don't in a few years they will
be worthless. Any Unc. cent rolls not stored in plastic tubes
usually become spending money.

 

I don't think they will remain at mere face value, I think that view is a little pessimistic. I also don't think they're going to be worth enough to warrant keeping them instead of something else. But if you have the space and keeping them doesn't hinder your ability to collect other things that interest you or live a normal life, by all means keep them. People hold onto things that are way less likely to ever do them any good. Ever watch Extreme Hoarders, or whatever that show's called? Absolute worst case is you have a rainy day fund at face value, and missed out on the chance to get an astronomical 1% interest in an online bank account or put the FV in some other investment.

 

Touche. I figured there was something slipping my mind.
With the quantities being produced nowadays though I don't see anything devoid of precious metal carrying a premium.
Some say 2009 coins will hold extra value due to low mintages by modern standards, but I think that is even a stretch.[/QUOTE]

Yeah I have doubts of 2009 coins being worth any more than face value during any of our life times. Other than cents, I do throw them in a jar when I get them, which isn't often...can't hurt anything and I can always cash them in at the bank. But to your point I'd say 2009 coins, with the miniscule chance they have of increasing in value, have an infinitely greater chance than the 2017-p cents. I mean huge numbers are being stored away in BU condition. They will never have a premium once this initial excitement fades.

 

I'm having issues with the quoting mechanism...my apologies to all.

 

I personally think ALL coins will eventually be worth a premium. The question is one of when, not if. No one back in the day ever thought their buffalo nickels and wheat pennies would be worth more than face. What you need to consider though is the likelyhood of this happening in a timeframe that suits you or in fact in your lifetime. Eventually all coins, and after that, all physical currency will be obsolete. You also have to take into accout inflation, and wonder if being worth more, actually means being worth more. But as I've heard before I feel that as collectors it is our duty to collect things even if they aren't currently valuable, as this collecting/hoarding is what lends things value in the first place. I personally pull all 09 pennies and star notes I find from circulation regardless of condition for this express reason.

 

Enjoy the ones you have. I went through the roll saving craze in the late....ok, a very long time ago. Share them with others, search the rolls for any possible errors, the very best examples, share them, then spend them afterward. That's how you really learn grading, and enjoy your hobby and spread the hobby.

 

Many people buy as many current year BU rolls as they can afford and hold them for one year. If a variety is reported they can check their stash for them. If not they can be spent. Prices for recent BU rolls are printed in the Numismatic News. Most are less than double face. When you add in shipping there is no profit. Making a complete roll set gives you fifty sets of coins.

 

In commemoration of the Philadelphia Mint's 225th anniversary, they placed the "P" mintmark on pennies.

These pennies are the first ever penny in U.S. history to bear the mark, and starting in 2018, pennies struck at the Philadelphia Mint will go back to having no mintmark.

 

Another good point. 2017 in and of itself is a historical year.

 

I paid face value, $5. Wheres the risk?

As for others, well, theres a sucker born every minute, and there are business models dedicated entirely to seperating them from their money, which proves rather easy.

As with anything, something is worth every penny that someone else is willing to pay for it.

 

Hey, wanna hear something funny Erol? Just like the guy you were replying to in that other thread, my first name is also Tyler. And, the conversation here revolves around the 2017 P penny as it did in that other thread. Strange, huh?

Anyway, the condemnation you recieved in that thread was a little more complicated than just you saying his penny's future value would be zero. I personally think you were misunderstood, but nevertheless....

People collect things for all kinds of reasons. II'll collect something thats worth nothing if I find it interesting enough. Value transcends actual monetary worth