The new Lincoln cents

I am considering buying a couple of rolls of the new Lincoln cents as they come out from the bank and just keeping them. I am new to coin collecting is this a good ideal or is there something better? Thanks for your help. Smack me on the back of the head if this is a really stupid question. Also can you give me an ideal how to store if this is a good ideal? Ice

 

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I'm thinking of doing the same thing. Its a face value investment, you can't lose. Put them in the closet and forget about them for 10 years.

 

I'm going to do the same thing. When do you think the banks will have them available?

 

Ice, it isn't a stupid question. There will be a lot of people putting back a few rolls for different reasons. I search rolls for varieties and errors so I have a friend getting a box from Denver and I will pick up one here so that I have both P and D mint marks. I will search some and save some in the OBW rolls. Like the state quarters, Its inexpensive to buy some just to save and see what happens. This year I bought 4 silver eagles instead of one for my collection, second one out of the box was the 2008W with the 2007 reverse. So you never know what may happen.
When you have a question, Ask it, you can't learn without asking.
Bill :smile

 

i love it but i don't collect cent.

 

Is it stupid? No. Do I think there is any potential for an increase in value? Again No. Why? Because a LOT of people will be putting back rolls of these coins. People put back a lot of rolls of the state quarters and most all of them now, even the ones close to ten years old, are $12 to $15 each. They are barely keeping up or even a little behind the inflation rate. But for the same money it cost to put back a roll of quarters, you can put back 20 rolls of cents. So the number of rolls of these cents may be much greater than the rate at which the quarters were put back. These things will always be common.

 

I too am going to get some rolls of the new cents. I'm not sure how much and you never know on the value of them in the future even though I agree with Condor. I like the design but still think they should have done a 2009 S VDB. That would be sweet.

Nickeldude

 

Why not, it's only a few bucks and they won't lose their value. I'm going to get a few of the sets which are to be made with the original alloy of 90% copper, they may make a few million of them but I think these guys may go up in value and I buy the silver proof mint sets anyway.

 

I do a little Metal Detecting and if the new Lincoln Zinc Cents are like all the others they will be toast in a few years the environment just eats them up. I have dug a 500 or so and some of them look like they were hit with a shotgun and some of them are not very old. I don't feel they will last long in the ground or in circulation. Ice

 

To you guys buying rolls of these new Lincoln cents, which I plan to also, make sure you store them properly. I plan on buying several rolls of each design. I'm not really worried about getting them from each Mint but I just want to put some back just to have.

 

I don't see any reason not to. Fifty cents a roll is pretty good. How many are you thinking about getting? I don't see much to gain unless you buy about a box's worth.

 

What is the proper way to store the coins?

Just how many come in a box? Ice

 

Hard vacuum.

 

I actually have the tools and ability to do that. Ice

 

are the four types of lincoln cent is intended for collectors only?. is the mint producing regular cent for general collection?. or maybe the general circulation one is not composed of 95% cu?. anyone?. tell us.

 

The new cents are being released to the public for circulation. They have a zinc core with a copper outside. I believe this has been going on since 1982. Ice

 

elaine1970, The new Lincolns are like the state quarters, only for one year. You will be able to get them at your bank. Here is some info on the date for the first one, this is from Susans web at about.com coins.
http://coins.about.com/b/2009/02/05/new-penny-circulation-will-be-delayed.htm
Hope this helps, Bill

 

The new one-cent reverse designs will be issued at approximately three-month intervals throughout 2009. The Secretary of the Treasury approved the designs for the coins after consultation with the Abraham Lincoln Bicentennial Commission and the Commission of Fine Arts, and after review by the Citizens Coinage Advisory Committee.

Reverse inscriptions will continue to include "United States of America," "E Pluribus Unum" and "One Cent." And the four 2009 Abraham Lincoln one-cent coins will maintain the same metal content (2.5% copper, balance zinc) and other specifications as the current one-cent coin.

These coins will be issued for circulation in quantities to meet the demands of commerce. In addition, the Secretary of the Treasury shall mint and issue numismatic one-cent coins in 2009 with the exact metallic content as contained in the 1909 one-cent coin (95% copper, 5% tin and zinc). These numismatic versions will be included in the United States Mint’s annual product offerings.

At the conclusion of the 2009 Lincoln Bicentennial One-Cent Program, the 2010 (and beyond) one-cent coin will feature a reverse design that will be emblematic of President Lincoln's preservation of the United States of America as a single and united country.

 

In other words, the '10+ will be like the 1950-2008 coins, a new reverse every fifty years.

 

2500 or $25 worth