I was just thinking, the 2011 redbook lists the 2010 penny in MS-65 at $0.25. Seeing as that I am able to get them fresh from the mint from my bank for face value, would it be worth it to get a few thousand of them and hold on to them?
If your investing for the future than it may not be a bad idea. I just buy two UNC rolls from each mint and call it that. And being that I have heard rumors of US doing away with the cent, hoarding the last few years of them can be a good idea.
Man, I have been getting rolls and rolls of unopened new string wrapped 2010 Ds I swapped some for P's of course and sold an entire box on eBay. It isn't worth the bother in my opinion to hoard them. The melt value is nil and the space taken could be used to store real copper coins that are still coming in at face. I am keeping a couple of rolls of each for my kids and going to open and search the rest for errors. Hopefully, I will find a discovery piece, but am extremely doubtful. The mintage of these is supposed to be around 10 billion I believe. Compared to the other years. These just aren't worth saving. IMHO.
They have minted THREE BILLION of them and as it is the first year of a new design people are hoarding them. Accordingly, they have very poor investment potential.
If you are going to hoard anything, I'd do nickels and dimes from 2009 or 2010. I myself won't hoard any of them. I'm going to give everyone a fair shot at filling that hole in their album.
Current Mintage for P: 1,622,430,000 Current Mintage for D: 1,562,800,000 Current Total Mintage: 3,185,230,000
Ive got one 2010-S P69-DC penny for my type set. I wouldnt bother keeping the regular strikes due to the shear number of them.
2009 nickels and dimes are where it's at... 2010's are common as anything... I'm hating the 2010 dimes.
I'd hoard 2009 nickels, even if they are never great numistically... they are worth more than 5 cents in their metal content
+1 And I have seen enough of these things to make me sick. I have two rolls in the safe deposit box. That's it. Any more I toss back into the cirulation world.
I like to keep 2 rolls from each mint each year. This year, they are making way too many for them ever to be worth anything. However, I still need 2 BU string and Sons P rolls in a trade for 2 rolls of String and Sons D rolls. PM me if interested.
TO the OP, the great truth in life is that guidebooks overvalue low priced items and underprice high end items. I have posted before why, but for low end coins there is a "give a crap" factor, meaning the dealer has to have some reason to even offer it to you. Never make the mistake of thinking if something is worth $.25, then 100 of them are worth $25. It is more like 100 of them would be worth $3, if that. NOw, if you want to save cents, go ahead, just never make that decision based on price guides.
