Who Got The Earliest Order?

Double post, sorry.

 

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Okay, this message is not meant in a negative way at all. But it seems like the lincoln penny rolls are insanely popular on here, and I'm just trying to figure out why.

Is it because the penny is popular to collect, and it hasn't changed in so long that there's a lot of excitement about these issues?

Is it something specific about the rolls themselves?

Is it that you guys expect these to go up in value?

Or is it something else entirely different?

Just wondering what's fomenting all the excitement.

 

I dont collect lincoln cents, but if the price of the these rolls go up even half of what the first reverse rolls did I will be happy.

 

If I can buy two rolls, for $8.95, and sell them, for $40+, and make a profit, to buy coins I actually want, that creates a lot of excitement...
The Log Cabin Rolls, 96,000 sets, sold out...And now they sell for $50+, now these will maybe have more than 96,000 sets, but, they should sell out quicker, making demand go up, making prices go up...

 

By the time we get our rolls the selling price per roll will be half as much as it is today on ebay.
Is it possible to find a MS-67 in these rolls we bought? I got my rolls at 12:11pm and 2:51pm yesterday. What's the best way to prove they're first day issues?

 

I think you are confusing two things:

1. First day issue *bank* rolls (that cost 50 cents) -- these were going for like $40 on the first issue Lincolns with the Hodgenville, KY stamp. The current issue (the ones that got released yesterday) were going for close to $30 ea today with a "DC" stamp -- I'm guessing ones with a "Lincoln City" stamp were probably higher, but I haven't checked yet.

2. US Mint wrapped roll sets (that cost $8.95) -- these were going for around $70 - $80 soon after they sold out at the mint. So, if they sell out again by the end of May, those who get theirs first will be able to sell them at quite the premium (possibly like $70 to $80 again). Even if you get it a month after everybody else, *if* they sell out quickly like last time, you might be able to get $30 to $40 for them. But, this is based on the pattern of the first Lincoln cent. I'm sure the pattern will be different this time in some (unknown to me) way. The key, of course, is to wait until they sell out. Then *all* buyers will have to compete on the secondary market.

 

How'd you get two orders?

 

..Order Date: 05/14/2009 at 12:17 AM ........

 

Mint just moved the shipping date out to 7-27. My guess is 300,000 sets of LP-2.

 

How do you come to your 300K estimate?

 

Well gee, they did!
And they couldn't move little ole' T$'s order status to processed, or shipped maybe... LOL

Still 5/29....

 

Taking the order numbers from other sites and extrapolating out. It was generally though the LP-1 figure of 96,000 sets was reached Friday. Do you see any end in sight? I don't. The expected shipping date is now TWO (2) months later than the first 25,000 orders. I'm pretty sure there wasn't a 2 month gap in LP-1 shipping date. AND they're still taking orders on LP-2....Expect a lot of cancellations. I may be one of them. Did you ever get your stamped rolls in the correct forum?

 

OK, that makes sense. Although I think the gap in shipping date might have been around 1-1/2 months, no? It went on sale, what March 12, and people started to get them only a few weeks ago? Or do I have the chronology wrong?

Yes, I did get my stamped rolls (not sure what you mean about correct forum). Thanks,

 

Congrats on the rolls. I thought I saw yours listed where only one other roll was listed at the time. Looking further, I saw quite a number of rolls if you include the words formative years. That's what I meant by correct forum.

 

Now here is the real question...
Who will get them first????

 

"In Hand" LP-2 mint rolls will double the pre sale prices, for at least a week. I really don't forsee any Pitney Bowes backward shippings (UHR), I think they learned their lesson.

 

Well, they draw names from a hat...
Or maybe sticks from a cup...
They will never learn their lesson... LOL