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I read below where Lincoln pennies are very collectable..Why??
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<p>[QUOTE="jody526, post: 15305, member: 578"]I suppose what many people fail to realize, is that putting off this month's house payment, in order to enhance your coin collection, doesn't make good economic sense to most collectors.</p><p><br /></p><p>Now, what I consider to be "most" coin collectors, are pretty much the same as I would consider "most" Americans. They go to work, pay their bills, support their family, invest something for the future, and if there's anything left over, they buy something that makes them happy.</p><p><br /></p><p>This is where the Lincoln cent really shines. </p><p>You see, after all the bill collectors get through with the average American's paycheck, there's usually not a whole lot left.</p><p> So how much can he/she spend on coins? (I'll bet a lot of dealers have asked themselves this same question) LOL</p><p><br /></p><p>To put it simply, Lincolns are cheap. </p><p>Now, I'm not talking about a few key dates, or a few overly hyped varieties, but rather the series as a whole.</p><p><br /></p><p>The face value of a cent is virtually nothing. So, it doesn't cost anything to collect them from circulation.</p><p> And to buy them? Well a complete set of regular issue, uncirculated Lincoln Memorial cents can be purchased for something like $10. Circulated sets sell for half as much.</p><p><br /></p><p>Now, how available are they? </p><p>Well, consider this. Some 360 billion Lincoln Memorial cents have been minted. That's more than all the other coins produced by every other country in the world, combined, from antiquity until the present.</p><p><br /></p><p>So, why are Lincolns collectible? </p><p>Think about it.[/QUOTE]</p><p><br /></p>
[QUOTE="jody526, post: 15305, member: 578"]I suppose what many people fail to realize, is that putting off this month's house payment, in order to enhance your coin collection, doesn't make good economic sense to most collectors. Now, what I consider to be "most" coin collectors, are pretty much the same as I would consider "most" Americans. They go to work, pay their bills, support their family, invest something for the future, and if there's anything left over, they buy something that makes them happy. This is where the Lincoln cent really shines. You see, after all the bill collectors get through with the average American's paycheck, there's usually not a whole lot left. So how much can he/she spend on coins? (I'll bet a lot of dealers have asked themselves this same question) LOL To put it simply, Lincolns are cheap. Now, I'm not talking about a few key dates, or a few overly hyped varieties, but rather the series as a whole. The face value of a cent is virtually nothing. So, it doesn't cost anything to collect them from circulation. And to buy them? Well a complete set of regular issue, uncirculated Lincoln Memorial cents can be purchased for something like $10. Circulated sets sell for half as much. Now, how available are they? Well, consider this. Some 360 billion Lincoln Memorial cents have been minted. That's more than all the other coins produced by every other country in the world, combined, from antiquity until the present. So, why are Lincolns collectible? Think about it.[/QUOTE]
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I read below where Lincoln pennies are very collectable..Why??
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