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<p>[QUOTE="jaceravone, post: 592184, member: 9474"]"The public, and collectors specifically, apparently had little objections in paying premiums for the rolls. In running the numbers and discounting shipping, the Mint has grossed a whopping $1.79 million ($8.95 x 200,055) for the pennies so far."</p><p> </p><p><span style="color: red">We had no problem paying the premiums because we thought they were only going to make 96000 sets like the last one. Now with over 200 freakin thousand sets, there is no reason to pay the premium. The mint has total destroyed their value. </span></p><p> </p><p>"For the Mint’s part, a clear motivation was getting more pennies out to a demanding public. And to the Mint’s credit, they have not shut down sales of the coins. The action may help reduce Lincoln coin prices overall. After the first 2009 log cabin cent launch, prices for the pennies in the secondary market went (and are) much higher than original Mint prices."</p><p> </p><p><span style="color: red">If anyone read any of the same coin publications that I read, I got the feeling from all the reports that the mint was going to be scaling back production of their coinage and that the first Lincoln in the series was going to be the most abundant. Did anyone not get that feeling? So if that was the case, why didn't anyone predict this, that the mint was going to go into minting overtime and mint more cents than what we know what to do with? </span></p><p><br /></p><p><span style="color: blue">Overall, it probably wouldn't have mattered. If you paid $8.95 for each set, you will probably still get your initial investment back, but what this has done has taken away from any possible profit that people could have made. </span>[/QUOTE]</p><p><br /></p>
[QUOTE="jaceravone, post: 592184, member: 9474"]"The public, and collectors specifically, apparently had little objections in paying premiums for the rolls. In running the numbers and discounting shipping, the Mint has grossed a whopping $1.79 million ($8.95 x 200,055) for the pennies so far." [COLOR=red]We had no problem paying the premiums because we thought they were only going to make 96000 sets like the last one. Now with over 200 freakin thousand sets, there is no reason to pay the premium. The mint has total destroyed their value. [/COLOR] "For the Mint’s part, a clear motivation was getting more pennies out to a demanding public. And to the Mint’s credit, they have not shut down sales of the coins. The action may help reduce Lincoln coin prices overall. After the first 2009 log cabin cent launch, prices for the pennies in the secondary market went (and are) much higher than original Mint prices." [COLOR=red]If anyone read any of the same coin publications that I read, I got the feeling from all the reports that the mint was going to be scaling back production of their coinage and that the first Lincoln in the series was going to be the most abundant. Did anyone not get that feeling? So if that was the case, why didn't anyone predict this, that the mint was going to go into minting overtime and mint more cents than what we know what to do with? [/COLOR] [COLOR=#ff0000][/COLOR] [COLOR=blue]Overall, it probably wouldn't have mattered. If you paid $8.95 for each set, you will probably still get your initial investment back, but what this has done has taken away from any possible profit that people could have made. [/COLOR][/QUOTE]
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