That is beyond ridiculous, I really can't justify buying a roll of LP1 for the same price as a roll of mercs or a few rolls of Buffalo nickels...I will bet anything the demand shuts down relatively soon.
Lots of folks putting together a 8-roll MINT set when the LP4 sets are done. If the LP1 sets are the lowest mintages at 96,000 sets I would imagine they might go a little higher.....I'm holding mine. If they get back down to $35-$50 per unopened box like they were a couple of weeks ago I'm in again......but I think those days are over !!! JMO
If the LP1 sets, have the lowest mintage, of all, and once LP4 comes out... Then those complete LP sets, will sell like crazy.. I guarantee it
That's been my plan for these sets the whole time. It was hard to hold on to my extras when the price rose so dramatically, but I'm glad I didn't crack on this one. I bet a set of all 4 unopened sets ends up going for $300+ Does anyone know what the actual mintage #'s are for each in the set of 4? I'm sad we can't pick up a roll of the 95% copper S-mint cents. Could you imagine what something like that would go for? -Andy
This set seems to defy logic. I too, thought interest would wane, but now i'm starting to feel, people who sold their sets are going to wish they hadn't.
I believe the key with these will be to wait 3-5 years after the completion of the program. This is a gamble on my part, but I think prices are actually cheapest NOW compared with those in years to come. Lincoln's popularity will never diminish, and more and more ppl will compete for a set as time goes on and they become more and more scarce.
I agree - Lincolns have always been popular, especially as a starting point for young collectors, and I believe they will always be popular. And these new sets are only helping to increase Lincoln cent's popularity!
I think the prices are completely overblown and if you're looking to turn a profit then sell now. Regardless of everything, these coins are circulation issues and are being minted in the billions. Plus, everyone thinks they are going to be valuable and are hoarding them. There will be large numbers available in high BU...the set won't be worth much in the future. If I had any I would see now.
EXACTLY! Whoever hoards this 09 coinage, any denomination is not the brightest... Just think, honestly to everyone think.. Hundreds of millions upon billions of being minted, everybody hoards, large amount available in BU, you try to sell, and they don't sell on ebay for 99 cents free shipping, AND YOU WONDER WHY You can't even get 99 cents, for two log cabins anymore, and a few months back, $20 a coin was not a problem... Once all the LP rolls come out, THEN SELL and FAST, because they will not be worth holding on to
I wonder what the mint will do if/when the Federal reserve says we can't handle any more cents. Will the remaining types be lowered in production. or will they crank them out and store them? I thought the Seigniorage could not go on the books until the Federal reserve took possession, so would this be a deficit for the US. Treasury? Jim
Remember, there are roll collectors out there also, and the LP1 will be on their list. To my knowledge it is the first Mint issued rolls of pennies. In the past it was bags, and they still carry a nice premium.
The mint has been very ambiguous on the 95% copper point they stated that the Mint Sets will be 95% copper but they don't make a point of stating that fact on the Clad Proof SetRelease statement. I expect that they will only do it for the Silver Proof Set and the Lincoln Commemorative (Commemorative Dollar and four Cent) set. If anyone has a link that states anything to the contrary please let us all know!
I ALREADY STATED IT DID! http://mintnewsblog.blogspot.com/ Right there, scroll down 95 % Copper on all proof pennies
the price of all 2009 lincoln cent should gradually come down. for common roll. the lowest should reach $1.00 per roll. that's it.
Elaine, I have to disagree. You can't walk into 99.9% of the coin shops in the U.S. and buy ANY year of bank-wrapped BU lincolns for that low of a price. Add the extreme popularity AND far lower mintage of EACH of the 4 2009 varieties, along with the fact that they will never be re-issued, and I would expect a price of $3.00 to $5.00 per roll, especially once all the back-log of coin at the federal reserve is through. It wouldn't suprise me if CIRCULATED rolls of mixed 2009 cents were selling for $2 or $3 each within the next 2 years, assuming they even reach wide circulation.
