BEP $2 Subscription program

Discussion in 'Paper Money' started by jwa_jwa_jwa, Jan 14, 2010.

  1. jwa_jwa_jwa

    jwa_jwa_jwa Senior Member

    I bought a 2009 $2 set of all issuing banks last year from the BEP for $79.50 having read that the 2008 set all but vanished within hours of going on sale.

    Are these sets likely to stay the same value over time?
    If I put this set on sale right now, would it fetch me the issue price at a minimum or closer to the $20 combined value of the bills in the set :-(
     
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  3. jwa_jwa_jwa

    jwa_jwa_jwa Senior Member

    I feel like I must be the only one who bought these with the objective of reselling them later on.
     
  4. pennywise

    pennywise Collector of dust

  5. mikenoodle

    mikenoodle The Village Idiot Supporter


    Nobody knows for sure. My guess is that because you missed it last year, that the ship has already sailed and if you could re-coup your money now, I'd do it and move on.

    Typically when something is extremely popular and sells out quickly what happens next (in my experience) is that people all look to the next issue within that series to do the exact same thing and it rarely does. Look at the popularity of the Lincoln Cent LP1 rolls from the Mint. It looks like everyone and their brother bought LP2s and so the Mint decided to make more which in turn sent the value into the toilet.

    And higher mintages aren't the only problem. In some cases distribution of the supply is what causes the value to jump. The issues that rise in price are ones that are generally hard to find, thus the higher offer prices. Some times as a distributor sees these problems develop they change they flow of goods for the next issue. When the US Mint placed an order limit of 2 1999 Silver proof sets per address, they eliminated bulk stocks and caused them to be harder to find. This in turn drove the price through the roof and it to this day remains the highest valued issue. I would be careful though, because in recent years the price of these has steadily come down and the future value as with anything is uncertain.

    Another point to keep in mind is that many times the people that cause the price inflation to begin with are the speculators. The problem is, when the speculators all dump their stuff onto the market, the price plummets. Many times this happens after unsuspecting buyers have grabbed a few as "a store of value".
     
  6. krispy

    krispy krispy

  7. jwa_jwa_jwa

    jwa_jwa_jwa Senior Member

    Well stated.
     
  8. jwa_jwa_jwa

    jwa_jwa_jwa Senior Member

  9. urbanchemist

    urbanchemist US/WORLD CURRENCY JUNKIE

    i always get those notes on the secondary market. a lot of times you can get it at close to or less than the BEP sells it for. food for thought for next time. :thumb:

    i have a bunch of the 2009 and 2008 notes. here are a few :D
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  10. jwa_jwa_jwa

    jwa_jwa_jwa Senior Member

  11. RickieB

    RickieB Expert Plunger Sniper

     
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