Overpriced Cent rolls

The answer is yeas and no. It now costs more to make a cent than it's face value so there is part of the charge. It will no doubt be a low mintage because too many people are robbing their piggy banks to deal with the recession thereby inundating our whole system and the Fed with gobs of cents. Therefore most banks will not order them because there is no demand. This may change but not in the near term. So I ordered three sets last night from the mint along with several new prrof sets I needed to offset the ship/handling charges. And yes they will go up in value and no to the poster who will keep them in their original wrappers. These wrappers are highly acidic and will eventually ruin his coins. Better to place them in acid neutural plastic rolls. How else will you check for possible errors? Thanks for listening AND HAVE A GREAT WEEK.

 

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I ordered mine on Friday at 12:30. They told me about 2 weeks delivery.

 

I ordered 5 sets at 12:07 Friday and they were backordered then. I didn't think the price was unfair. We have two banks on the lookout for them and Garrett still hasn't been able to get one. We're called all over Jacksonville & Saint Augustine and they're just not circulating here yet. At least this way G will have them for his collection in the foreseeable future. We ordered the nickels when they had the special roll sets and Garrett still has all of his 2004/5 nickel rolls in the mint boxes they were shipped in.

 

Yeah..it's been pretty tough to find any rolls from the bank so got myself 5 sets. I was surprised they had a 5 set limit. You would think they would of wanted to sell all they could with the banks Fed branchs not ordering any.

Nice that you got the 2004 nickels in the sealed box. Tough set that went up in price quite a bit.

 

It all comes down to a simple choice. If you want them bad enough, you will pay what they charge. If you don't, you can wait and hope that you will eventually get a roll at your bank.

Everything these days is overpriced, this is not that surprising really.

 

Impossibly expensive - I'll take my chances

Impossibly expensive - I'll take my chances that as always we will be tripping over boxes at some point in the future while we use them as doorstops.
OK every month people bring in mint wrapped dollars, quarters and nickels in bags and rolls and we break them up and spend them for face value. So why would these Lincoln cents be any different. I am still waiting for the right price which is $25 for a box of 50 rolls, I might go $30 or $35 but that would be it. Now you'all may be right and make a fortune but I will just hold on because there is no "good" reason these will not be available in quantity and cheap.
Everybody is bugging their banks to get them and they will, it's just a matter of time. As a dealer of Lincoln cents I owe it to my customers to get them these cents as cheaply as possible - and that's what I will do.
Now granted it was Dec. of 08 befroe I got a box of 2008-D cents but I will just wait and also that box was $25.

 

Gosh, for a semi-newbie, it's hard to know!

But one thing that seems convincing to me (or am I too naive) is that the "2009 Circulating Coin Production - January 2009 through February 2009" shows 342 million D's and 195 million P's.

So, my questions are:

1. Those are all log-cabin's, right?

2. If we extrapolate out, the 1/2-billion for 2 months, then it'd be like 3 billion for a year (divided by four, I suppose, one each for the four designs)

3. That seems like a lot, doesn't it? I mean, 3 billion cents will _have_ to go to banks _eventually_, right? (Granted, it's not like the 5.5 B of 2008, or 7+ B of 2007, but 3 B is not a terribly _low_ mintage, is it? Where are all these cents going to go? They have to eventually reach a bank, no?)

Am I missing anything from the above logic?

 

The way I know it is:

1. Those are all log-cabin's, right?

2. If we extrapolate out, the 1/2-billion for 2 months, then it'd be like 3 billion for a year (divided by four, I suppose, one each for the four designs)

3. That seems like a lot, doesn't it? I mean, 3 billion cents will _have_ to go to banks _eventually_, right? (Granted, it's not like the 5.5 B of 2008, or 7+ B of 2007, but 3 B is not a terribly _low_ mintage, is it? Where are all these cents going to go? They have to eventually reach a bank, no?)

Am I missing anything from the above logic?

1. Those may be all log cabins we just don't always know. The mint is notorious for ambiguity.
2. They don't always coin every coin every month of the year. Again, ambiguity.
3. It is a lot, if you only knew how many tractor trailer loads it is! Not even I could search all those Lincoln cents in 200 lifetimes and I am fast!
And yes, they all eventually are going to banks. (except for the ones going to mint rolls where the senorage is over 1000% with shipping - go figure???????????

 

I'm not so sure they will all make it to the banks really. Let's look back at the GSA dollars, Kennedy halfs and Sacs that hung around forever. Were they all ever really released and would the Mint tell us the truth if any particular issue failed? It could be possible if the demand does not pan out, that they may keep them in the vaults and destry later what they cannot get rid of. It's also possible that next years production may drop drastically if this happens. Yes/No? Just a thought.

 

Woops! I meant SBA's, not Sac's. Sorry.

 

Yep, Mint sealed rolls are a little different. Bought a mint sealed roll of 1939 S Lincolns from APMEX a while ago. Of the 10 lincolns I sent to ANACS, 6 came back MS 65's, 3 66's and one 67.

 

Thinking about the mistakes I've made in the past, a $8.95 mistake isn't that bad. I pay more than that on smokes and beer. LOL.

 

LMAO....exactly my feelings when I placed my order. It seems expensive, but in relative terms $8.95 isn't going to keep me from paying my mortgage. LOLOLOL

 

Yeah, I see it like this...if the new design for 2009/2010 lasts as long as the memorials did (51 years), I may not live to see the next design...heck, I'm almost certain cents won't be around much longer anyways. And to own a piece of coin history for $20 (I bought the rolls and gift box), it's well worth it to me. I never plan on selling it, as I don't collect for profit, I collect for enjoyment. Of course I may be biased because out of the U.S. coins, I like the cents the best.

-LTB

 

I ordered 2, but I was way too late. I hopw they get around to my order before they run out.

 

I am in the same boat brother, for what amounts to $14 price+shipping, I'm gonna buy just because I know if I don't get this, the money I got saving for something else might get spent on something stupid out of sheer shopoholism.

 

Bought a mint sealed roll of 1939 S Lincolns from APMEX a while ago.

I've never heard of a mint sealed roll of any Lincoln's in the 30's or other dates at all - if I'm not mistaken this current roll sale is the first time in history the mint has offered any 1 cent coin rolls.
Are you sure that was a "mint sealed roll" and not a bank, federal reserve or other type sealed roll. I would be very surprised if the paper wrapper said U.S. Mint on it.

 

They advertised it as a mint sealed roll, but it looked like a bank roll. You would be correct in what you are saying.

In the past the mint shiped coins to Federal Reserve Banks where they are rolled when purchased. These are the most sought after rolls as they were the first stopping point for the coins.

http://reviews.ebay.com/BU-Roll-Buyer-apos-s-Guide-Part-3-Where-Rolls-Come-From_W0QQugidZ10000000001449256

 

$$$ Now & later

In 1999 when the state quarter were 1st offered I thought they were high.
but today that 1999 mint wrapped roll has sky rocketed.

 

There's no such thing as a 1999 mint rolled state quarter roll. The mint didn't start selling rolls until some time in 2000. So they would be bank wrapped rolls. And you say they have skyrocketed but I believe they are still well below their high price.