Perhaps this is a newbie-type question . . . nevertheless . . . (Presuming readers already know that the mint has stopped production for 2009 Nickels and Dimes) Where/How is _anyone_ going to obtain these coins? Suppose money were no object, how could I get them. How are the big time coin dealers going to obtain them? What about BU rolls? Ideas? Thoughts?
they are going to have to scramble with everyone else for them. Contacts at banks will likely be the sources, so if you have any, line them up. I think (at least in the very short term) there is money to be made on these rolls.
I have a contact at one bank. She was nice enough to call Brinks, and Brinks told the bank they don't have rolls-by-years. Did she ask the wrong question? Are the big time dealers going to play "hit-and-miss" just like the rest of us, simply hoping that a bank they know gets some 2009 rolls from Brinks? I keep feeling like I'm missing something here . . .
2009 rolls for every denominations will be a lot. prices instead might go down to wire. why?. everybody including bankers, dealers, collectors and general public are going to hoard every roll that they got. so the uncirculated version will be too many as compared to other years. because other years people just use them. instead i should say the proof and blemish unc might be the one to collect. cause the mintage for those proof set and unc set keep going down.
She did kind of ask the wrong question. Maybe this will help... When a bank receives its coin it usually arrives in boxes already rolled. The sides of these boxes allow you to see the coins that are exposed at the end of each roll within the box. Typically, these boxes will come from the same giant bag from the fed and when new coin is rolled, it can and usually will extend through many consecutive boxes due to the large number of coins in these newer giant bags. For those who know coins the sight of freshly minted brand new coins they look very distinct. An experienced money handler can tell by looking at the box whether or not it contains brand new coins. Now, understand that there is absolutely no guarantee that the roll will be solid rolls of the same date, but typically, if all of the end coins in a given box are new, the rolls are solid. as an aside, the brand new coin could also be some other date, say 2008 if a bank holds its coin long enough.
They will get them just like we get everything, They will get them just like we get everything, through contacts, friends other dealers and so on sometimes other customers bring them in - when the coin is started through the Fed. people who have friends will have contacts and others that know people that are aware they want them will try to get them the coin they need as it will seeps out sooner or later. I don't think most coin dealers have these type items on the top of their want list but will take them as they can if they have a market for them. Don't be misled, these are not rare coins, they will be available at almost face value sooner or later. This is a sluggish pipeline flow problem not a very few number minted problem.
I concur with BHP, these will not be rare or even "semi-keys" - somewhere there are lots of mint bulk bags with 2009P and 2009D dimes and nickels in them just waiting to go to the rollers and then the Fed (if this hasn't been done already) and eventually into circulation. But let's look at some numbers. 5 cent 2009P 39,840,000 996,000 rolls 5 cent 2009D 39,360,000 984,000 rolls 10 cent 2009P 96,500,000 1,930,000 rolls 10 cent 2009D 49,500,000 990,000 rolls They also show 1,700,000 Kennedy Halves produced - assuming that these are for uncirc mint sets only - and assuming that the above production totals include the dimes and nickels for the sets also, that would reduce the above number of rolls by 42,500 for each of the nickles and 34,000 for each of the dimes, you still have around 950,000 rolls of each except the 2009P dime where you have just under 1,900,000 rolls. The only way these will be worth "more" will be due to the hype and "I gotta have it firsters" demanding them no matter what the cost.
virtually. many rolls will be hoard. it become too many. i don't see those prices of nickel and dime will be special. the lincoln cent too. i will pass all of these. and see what other mint products can do.
but danr, even if they do become semi-keys, just look at the 1950-D Jefferson Nickel for what will happen to them pricewise. Over time, it will probably be trending downward. Not exactly the kind of stuff I want in my collection.
I don't think hoarding will even be a factor - just the vast number of coins produced will inhibit any effect. Using the figures on my above post - if you took all of the 2009D nickels produced and put them in rolls and laid them all side-by-side (not end-to-end) they would stretch 13 2/3 miles! Unless you pull a "Nelson Bunker Hunt" on the 2009D nickel production (which would cost you around $2 million) any premium on them will be short-lived. If it makes you feel good to stash a few rolls back, then go for it - but they are definately not a good investment prospect.
Some areas of the country are doing better than others. Places like MT ID and eastern Washington might actually need additional coin and could get the new quarters. It's hardly a sure thing since they might just as well get used coins shipped in from nearby. For all we know all these coins in storage will end up being destroyed and only a few will have leaked out. There's just no way to know what will happen for years yet. Even in normal times coins less than three years old might be in mint/ FED storage. These are not normal times and coins might be in storage for years as cash usage continues to decrease.
I don't think that in 1983 people were stashing these away by the roll. BTW - Congrats on 2000 posts!!!
Will I put a few roll's away? Definitely. Will they appfreciate? Only time and hysteria will tell. Will I dispose of them before thay depreciate? Not if past precedent hold's true. Welcome to my world.
I think this makes my point. Nobody in 1983 put these away, and so the market for them. The converse being the 1950-D Jefferson where people in 1950 knew that these coins were low mintage and hoarded them by the roll. The 1950-D has remained flat in value over time and the 1983-D has shown gains. If the 2009s are hoarded by the roll, the value will always be flat. just my 2¢
