2009 Mint lincoln cent roll

Log in or Sign up to hide this ad.

I found it on the web some where.....sorry I do not remember where, and don't know if it is fact....

 

It is all fiction

 

Mine are in Dallas now...

 

so why do we need a strategic coin reserve, are the paper money machines about burned out from keeping up with the pace of printing money.

 

URG! Mine have just been sitting there!

 

collectors busy buying and hoarding regular circulating coins and forgot the gold and silver coins. silver passes $15.00 to hit a high of $15.23 an ounce. gold hit a high at $960.90 per ounce. just a reminder.

 

birthplace - 96,000
formative years - 222,826

 

Gee looks like the Mints idea of "Limited Time Only" means Untill We Run out of coins.
And I ordered extra rolls of the second one, was thinking that they might be limited like the first issue. Goes to prove a point, " Do Not Try To Guess what the Mint is going to do"
Bill

 

the mint is just another business created to make money.

 

yes, elaine, but the profit made by the Mint goes into the federal coffers, not some businessman's wallet. The entire country benefits.

 

Yep, the entire country benefits off of coin collectors!
We have national coin week, we need national coin collectors day, where all the non coin collectors all have to come to the forums and thank us properly, or send us thank you cards, if they refuse, we shall throw them in jail. MUHAHAHAHAHA!!! LOL

 

check how mint make money:

example: gold at an average price of $951.00 an ounce. the mint will charge:

uhr double eagle one ounce unc. - $1,339.00
mark up - $388.00 or 40.8%

american buffalo one ounce proof - $1,260.00
mark up - $309.00 or 32.5%

american eagle one ounce proof - $1,235.00
mark up - $284.00 or 29.9%

two pcs of spouse gold 1/2 ounce proof - $1,308.00
mark up - $357.00 or 37.5%

remember the bullion gold mark up charged by dealers is very much lower right now. you can buy one ounce gold more or less at $1,000.00 an ounce.

 

Well, besides the fact that there is labor (wages, salaries) and capital investment (the plant, the mint machines themselves, etc.), and raw materials . . . isn't 40% mark-up fairly standard in other businesses?

In fact, isn't that what coin dealers themselves try to make -- to pay for salary and overhead?

 

no way jose. the bullion eagle gold as an example. the mint sell its bullion gold one ounce to the dealers at 3% mark up only. at $951.00 an ounce. the mint sell them for $979.53 each. and the dealers add somewhere around $20.00 more or less. that will come out to around $1,000.00 each.

 

Doesn't look like people have forgot about gold and silver coins judging by how many gold and silver coins the mint has sold and the mint not being able to even get enough gold and silver planchets to make the collector versions of the eagle coins.
Just a thought. Some people may be able to buy gold and silver and also buy other stuff.

 

How about the state quarter/terrorties proof sets that you have been pushing to buy. About 3 cents in metal for each nickel so 18 cents total in metal in this sets. Mint sells them for about 15 bucks plus shipping. Maybe other things besides like labor, machines, type of coin and collectablility go in the equation for how much to charge.
You like to say things are over priced like the Lincoln Proof with one ounce of silver selling for 34.95 but then say it's a good deal to get the clad nickel proof set when you get only 18 cents in metal. Just a thought.

 

latest report:
birth place - 96,000 set
formative years - 237,365 set

 

OUCH!
Well, how many until a sell out do you think?