2009 Mint lincoln cent roll

Discussion in 'US Coins Forum' started by elaine 1970, Mar 3, 2009.

  1. jaceravone

    jaceravone Member

    I am predicting that the third in the series will be the key. Here is why. The mint limited themselves to 96,000 rolled sets on the LP1. I think they underestimated the response they would have from the coin collecting community. So what did they do..... they minted a ton of the LP2 rolls...essentially ticking off all the collectors because they now created something that was worthless. So for the next series, collectors will remember what happened with the LP2s and won't buy as much LP3's. Then, when the collecting community realizes this, the LP3s will be gone and they will buy up all the LP4s.

    Thats my theory and I am sticking to it. :D
     
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  3. Sholom

    Sholom retired...

    Do they put that much thought into collectors and strategies?

    I dunno . . . I'm thinking that they are probably thinking pretty simply on this -- i.e., "heck, if we can sell 250,000 sets of LP2, let's make 250K of LP3, too!"

    But, 2009 is such a unique year in the history of coins, I'm not making any guesses!
     
  4. elaine 1970

    elaine 1970 material girl

    i wish i could cancel my ten 2-roll/set that i already received. and change it to guam quarter roll/set. simply because the formative years mintage is too high. well. i might just order guam.
     
  5. mikenoodle

    mikenoodle The Village Idiot Supporter

    just return the rolls that you don't want elaine
     
  6. elaine 1970

    elaine 1970 material girl

    i never return any products bought from the mint or dealers. i remember i bought 20 set of 2007 clad proof set. that is the last few days before the mint stop selling. but then all the set were returned by someone else. like the outer slip look like all water damaged. some coins were frosted. all boxes were open before. i did not return to the mint either. i did call the mint and they allow me to return. but it is time consuming to wrap it and go to post office. i decided to keep it. now if i separate it and sell them. i don't think i will lose money. because the 2007 presidential set is over $20.00. the set cost $26.95.
     
  7. Razor

    Razor Senior Member

    Is it possible to return sets individually? I ordered 5 sets and got 5 sets packaged 2 rolls to a box. I haven't opened any of them yet. The mint website makes it sound like if I want any refund at all that I must send EVERYTHING back. Can I return just 2 or 3 of the sets?
     
  8. elaine 1970

    elaine 1970 material girl

    i think you can not. that's the mint rule. i don't know. someone else should help you clarify that. cause i never return any.
     
  9. kimdehart

    kimdehart Penny Nut

    which sets are you trying to return? maybe I would be interested iin taking them off your hands>>>>
     
  10. elaine 1970

    elaine 1970 material girl

    how you considered the date on the box is april 20, 2009?. is it first strike?. is it first day of issue?.
     
  11. Razor

    Razor Senior Member

    They're Lincoln cents LP2 and the date on the boxes is 4-15-09, which is really strange since they weren't released until 5-14-09. Incorrect date on the box maybe?

    Nothing special about them like first date of issue or "first strike" (bogus designation IMO). At this point I think I'll just hold onto them and see if prices go up after the mint sells out.
     
  12. elaine 1970

    elaine 1970 material girl

    formative years LP2 e-bay price rebound to $45.00 level. maybe because one of the mint mark(D) is by so far the lowest at 199,200,000.
     
  13. Razor

    Razor Senior Member

    Now I see news about a series of double-die errors on the reverse of LP2. Lincoln has extra fingers. Multiple sales on ebay the last couple of days from $25 to $50 per coin. Oh the pain. To open and search the rolls or not... If the errors are actually double-die and there are a LOT of them, does it pay to strike while the iron is hot?
     
  14. kimdehart

    kimdehart Penny Nut

    Razor...let me know if you decide to get rid of them
     
  15. elaine 1970

    elaine 1970 material girl

    lincoln LP2 might be sold out. check it out.
     
  16. elaine 1970

    elaine 1970 material girl

    lincoln birthplace (P) 284,400,000
    lincoln birthplace (D) 350,400,000

    lincoln formative years (P) 311,600,000
    lincoln formative years (D) 199,200,000
     
  17. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Those are some disgusting numbers... AND THESE ARE HARD TO FIND??
    Give me a break...
     
  18. Sholom

    Sholom retired...

    What makes you say that?

    The web site, for me, at 12:50 pm ET, says: "Product will be available for shipping 06/19/2009"
     
  19. rugrats2001

    rugrats2001 Seeker of Truth

    Maybe things are different in good 'ole San Antonio,:hammer: but around here people use (and lose) a LOT of cents. Looking at the mintages, there are about ONE of each mint and design being minted for each person in this country. That means for every LP1, LP2, etc. set purchased, there will be ONE HUNDRED PEOPLE who can not have even a single coin of that date and mint to keep. If you buy a $25 box of them at the bank and squirrel it away, that is TWO THOUSAND FIVE HUNDRED PEOPLE who can't have ANY of that design and mint.

    Sounds pretty hard to find to me...
     
  20. elaine 1970

    elaine 1970 material girl

    Lp1 - 96,000
    lp2 - 250,557
     
  21. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Yep, and how many people in this country are COIN COLLECTORS...
    A lot, yes! But not every person in this country..
    Okay somebody hoards away o box of formative years... Alright, that is 2,500 people that won't ever see that coin, and I'm willing to bet that most of the 2,500 are not coin collectors
    If anybody wants the coin so bad, then go pay a premium on ebay for it... If people are not willing to do that, it only proves my point.
     
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