I think I might buy a hundred of those new penny rolls.......

If rolls are that low, I got burned bad. Gonna have to hold those a long time.

 

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The rolls I've heard about were -

The rolls I've heard about were - 1909-P VDB, these used to be about $200 to $300 each - 1931-S these were very high for a long time - 1972-P DDO-001, when it was first found someone brought 7 or 8 rolls to a major show and sold them for $400 a roll - I have seen a couple of 1937-P Buffalo rolls all graded in a plastic sleeve very high grade like MS-65, 66's - and in years past I have seen original bank rolls of 1935-P,D,& S Lincolns but man were they high - there was not any that I know about before 1935 in original bank wrapped rolls I have ever heard of.

 

They will never understand they are paying for paper

 

Sir I must disagree with you, I do not believe there is any dealer currently selling a special roll for $2. There is a very limited amount of "Special paper" rolls, so although the price might drop from $50, I do not believe it will hit $2 a roll. A standard roll yes, but not special rolls. Which actually brings me to the counterfeit question..........Will dealers have to deal with looking at the paper to see if it is genuine? After all, any fool can put 50 real pennies in the middle and then try to counterfeit the outside paper.

And does anyone now the mintage on the special roll? isn't it like 50,000? could be terribly wrong on that though.

 

You'all are falling for one of the oldest tricks in the book!

You'all are falling for one of the oldest tricks in the book!
Collectible paper, my oh my - we have fake Mint and proof set envelopes, we have contrived so called unsearched wheat cent rolls on eBay, (you know the ones with the Indian cent on the end), we have major dealers that re-roll BU cents in shotgun type rolls after they have been picked over and Cherry Picked, selling as "unsearched" - every trick on the book.
Now you guys are willing to believe that this early release paper is ever going to mean anything and/or not be prolifically counterfeited?????
I can see into the future - Later this year or next, heck it don't matter a dealer, probably from my home state will take out a 2-page ad in Coin World stating, "just found, unopened rolls or boxes of first, second, third, forth early release ceremony Lincoln cents just uncovered eureka!!!!
Come on folks get a grip.

 

itss imple jim, if i knew i was siitng ona gold mine i would buy the farm and the house an the oxen. every damn penny i could find

 

you are on the money as explained previously the package is a product differentiator, please understand that some people will not get this concept no matter what you say. and yes the mint rolls have a slim chance of getting to $2

 

That's why it helps to keep them sealed in the mint box.

 

Have any of you read the article in a recent Numismatic News called "Birthplace cent scarcest in 50 years"? It says the Birthplace design is the "scarcest cent struck for circulation in over 40 years..." Philadelphia struck 284.8 million and Denver struck 350 million for a combined 634.8 million pieces. The article goes on to state that "Not since 1954 has the combined output of the nation's minting facilities been so low."

Now of course these figures do not include the 3 new designs that have yet to be released, but in my opinion each design should be "counted" as a separate new coin, just like the quarters were. I'm sure you all know how much the first state quarter has gone up in value.

In any event, my point is that these designs taken individually are indeed rare not only in mintage but due of course to everyone hoarding them since they are the first new design, and that's why the prices are being marked up - it's just plain old hard to get them. When they first came out, I tried several banks many many times, and they all said they sold out the day they came in. And I have yet to get one in pocket change. To me, all this means that, unless you have an "in" at a bank, the new designs will cost a lot more than face value to obtain - even from the mint. Since my business is pennies, I had to turn to Ebay to buy these coins just to have them in my inventory, and I paid dearly for them. But I am speciulating it will be worth it, both as a collector and as a dealer.

 

you gonna lose a lot of money. only the dealers wins.

 

Yup -- that's been the big debate here. On one side are those who argue like your logic -- that 638 million is the lowest in 50-something years. On the other side are those who argue that 638 million is still a large number, and that even, say, a 1955-S in UNC, after a half-century, is still only worth less than $1. And the 1955-S was only 44 million, way less than the Log Cabin Lincoln. (In fact, the most recent comparable mintage to the 2009 Log Cabin might be the 1958 cents -- still worth less than 50-cents in UNC).

On the other other hand, it's the first new design in 50-years, and for those who collect type-sets, it's a must.

It'll be interesting to see how it plays out.

 

I am a dealer and a collector, and I've done ok so far, and don't think I will lose money. I am getting lots of calls for these pennies. But time will tell.

 

I've always thought up to now the '09 cent would come down after all the hype settled down, probably in next year sometime. But, when a dealer like The Penny Lady is buying them off ebay to have in her inventory makes me think I may be wrong. I don't know if any of you have been to her site, but these are not low level coins pictured there for sale.

I'm not sure how the mint operates for coins purely for circulation, but I would think they can release them for as long as they have them in their inventory. Is that correct? I mention that because of all one reads about banks not needing coins at this time.

The mint sold five million of each in the 2@8.95 sale they had. HSN's coin show has sold over a million of each roll. They also stated when they started selling them they wound up with approximately three per-cent of the total mintage. This is a lot of pennies, but how many people are actually collecting, not selling the rolls they purchased. There have been rolls I'm sure released in to general circulation, but no idea how many.

I really hate to admit I'm a fence straddler on this, but I am. It is fun to see how it will all play out. Twice I have had a real gut instinct something new was going to go up in value and one I acted on, the other I didn't. Both I should have because they did go up quite nicely. These two items were more costly initially than what have here, I just hope noone "bets the farm" in speculation here as the new ones are relased through the year.

I think I'll see how the 1st and 2nd are doing just before the 3rd one comes out, maybe I'll end up with a few rolls also, just for fun of course.


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I read that article as well but 634 million pieces is not rare by any standards sure people are hoarding them and a lot of them will survive in unc in the long run, because they are being saved in such high quantities. sure as a dealer there might be a lot of profit initially but soon people will realize that too many of them were saved. In percentage terms even if they sell for 2 cents there is a 100% profit from face but in terms of absolute dollars i dont see them becoming $10 coins (each) in the next 10 years even. Just my 2 cents.