But if your from the western states you will get a lot less P mint coins to put in your folders if you go to the bank. Just a thought from a western.
I like how they call it "factory sealed". What factory? And the box is not sealed, but if it was "factory sealed" all you would have to do would be to look through the holes and you would know what was in it because it would be a sollid date/mint box.
Did you ever consider that some people have to drive over 50 miles to a bank? Also, some banks, unless you are an account holder, won't give out rolls, let alone bricks. Some people also bank with State Farm, USAA, etc. and don't have a local branch. Therefore, they are buying these bricks because of convenience. We've all bought a grocery item at a convenience store and more times than not, it was at a premium.
Premium? 25 dollars worth of pennies sold for 49.04 plus 16.00 for shipping; that's 65.04. I think it's a bit excessive!
That is pretty high. I would expect a little more than face value plus shipping. But unless the buyer finds quite a bit of variations and IHC I wouldn't think its a good deal.
Let's say you drive a vehichle that gets 25 mpg. Round trip is 100 miles to your nearest bank. Fuel is $3.50/gal. Simple math tells you that fuel cost to go to your nearest bank is $14. Now consider the time spent just driving- lets say 2 1/2 hours. Is your time worth at least $8/hr? That's $20. Now, $25 for the brick of "pennies" cost you at least $59 including the pennies not including wear and tear on your vehichle. Or figure it with the value of your time plus the federal allowed mileage rate. It goes even higher. We haven't even discussed the poor soul who can't get even a roll from local banks becuase "it costs them money" for non account holder transactions. I've had banks refuse to "sell" me rolls because I didn't have an account. I agree it is much better to get bricks at face, but for some it is inconvenient, next to impossible or cheaper to pay over face plus cost of shipping. We should be glad that most of us don't have to deal with the distances they put up with in Australian outback. A drive to "town" can be 250 miles each way. Lastly it's their money. Why should you worry?
I'm not worried, I was just stating that I felt that it was an excessive price; this is just my opinion, I am entitled to my opinion right? I live in an area where I can walk to a bank and get what I need and I don't get charged a premium. Are there places that you have to travel 100 mile for the nearest creature comforts? Sure there are. Can you assign a dollar amount to a person’s time? Once again, sure you can. Obviously we all know that gas or public transportation also costs money. Have I overpaid for something that I wanted? Yes, numerous times. Would I pay $65.00 for $25.00 worth of pennies? Absolutely not! I’d find another hobby. Maybe take up varmint hunting or something if I was that far from civilization! You or anyone else can do whatever you want with your money, but if it’s posted on a public forum (coinalk.com is a public forum) then I’m allowed to respond with my opinion as you are allowed to with yours. Also, I’ve not only traveled all over the US but also the world and I don’t know too many places that you have to drive 100 miles to a bank. I spent a good 6 months in Australia (Darwin, Derby, Broom, Perth, Melbourne...).
I have seen the same thing with Half Dollar rolls on Ebay, 25 dollars for a $10.00 roll! So the guy buys them from the bank, then splits them up and sells them!
Am I the only one who sees the irony in this? So someone paid 2X face for a box of cents. Yet, when someone pays 3, 4, 10 times spot for a modern ASE we say, "ohhh, wow, what a deal!". Or when we pay $700 or more for a barely legible key date in a popular series, we see nothing wrong wit it. For the bullion folks, I guess that buyer did well, getting a box of cents for under spot price. I guess it depends on how you look at things. Guy
