The idea is that the vast majority of them WILL reach circulation and be worn/damaged/discarded/thrown in a jar for 20 years to collect dust, leaving far fewer for those looking for 'collectible' qualities. THAT is what makes them hard to find. I'm not saying not to hoard them, just that it doesn't take that many people keeping a few rolls in a drawer to seriously impact the numbers that you are going to find in your personal pocket change.
currently, the average coin dealers were selling lincoln cent (bank) rolls at $8.95 per roll. two rolls for $19.90. wow. why not just buy it from u.s. mint two rolls for $8.95. and it is a mint wrapped roll.
four pieces lincoln proof cents for $15.95 a set. that is without box anc c.o.a. is this worth buying?. a set cost $29.95. what about six pieces of clad proof washington quarters for $10.95. again it is without box and c.o.a.
They're selling for higher than that on eBay I'm not sure that's a bad price. After all, it's $14.95 from the Mint, plus 4.95 postage. As for box and COA -- I have no idea how important that is (I'm very new to the proof scene -- like, 10 days new). Anybody?
Here's the issue with no box and no docs. What you're actually getting is part of someone's clad proof set. They are also probably selling off the pres dollar coins as well, and hoping to recover their cost and keep the Lincolns. If you're going to bust the plastic open, and put the coins somewhere else, (album, slabs, capitol holder) then it's no big deal at all, but if you are collecting the proof sets themselves, this is not the same at all, because just as you bought it at a discount from Mint issue price, when you sell it, the same issue will be there for you.
for general circulated lincoln cent content 99.2% zinc and 0.8% copper with a plating of pure copper. composition for lincoln cent is 97.5% zinc and 2.5% copper. for proof lincoln cent. 95% copper, 3% zinc and 2% tin. original copper cent dated before 1959 include manganese. we also have zinc coated steel cent during war time. i think 1943.
96,000 set for LP1. LP2 should end below 300,000 set. i think the LP3 & LP4 should be around 175,000 to 225,000 set. LP2 total number of pieces - 26,753,000
LP3 will probably be another nice one to buy. A lot of people who tried to flip the LP2s gor burnt and thye will stay away this time. Less speculators = lower mintage
i subscribe 5 set each for LP3 and LP4. this might be one of the last mint products that i am going to buy. cause i just bought a second house. house seem cheap right now. latest report - formative years - 276,234 set. that is quite high.
do you know how many 2009 cent were being bought by collectors?. lincoln birthplace - 9,600,000 pc (96,000 roll) formative years - 29,403,000 pc (294,030 roll) - not final not only that. how many bank roll cent were also bought from bank for collection?. how about from clad proof set (3,553,316 pc) and silver proof set (1,402,288 pc)?. and the near future. 5 pc lincoln set (200,000 pc), and mint unc set.
can you believe it?. lincoln formative years roll set is sold out. one day before the 3rd one come out. it might be a game plan by the mint. 300,000 set sold.
Im curious on the thought anyone got burned buying the LP2's ? I realise they might not in all cases show a profit margin on resale like the LP1's but they do retain the original buying price at least. Unopened boxes are always going to keep that initial value id think.