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I think I might buy a hundred of those new penny rolls.......
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<p>[QUOTE="Mr. Coin Lover, post: 586583, member: 16060"]I've always thought up to now the '09 cent would come down after all the hype settled down, probably in next year sometime. But, when a dealer like The Penny Lady is buying them off ebay to have in her inventory makes me think I may be wrong. I don't know if any of you have been to her site, but these are not low level coins pictured there for sale. </p><p><br /></p><p>I'm not sure how the mint operates for coins purely for circulation, but I would think they can release them for as long as they have them in their inventory. Is that correct? I mention that because of all one reads about banks not needing coins at this time.</p><p><br /></p><p>The mint sold five million of each in the 2@8.95 sale they had. HSN's coin show has sold over a million of each roll. They also stated when they started selling them they wound up with approximately three per-cent of the total mintage. This is a lot of pennies, but how many people are actually collecting, not selling the rolls they purchased. There have been rolls I'm sure released in to general circulation, but no idea how many.</p><p><br /></p><p>I really hate to admit I'm a fence straddler on this, but I am. It is fun to see how it will all play out. Twice I have had a real gut instinct something new was going to go up in value and one I acted on, the other I didn't. Both I should have because they did go up quite nicely. These two items were more costly initially than what have here, I just hope noone "bets the farm" in speculation here as the new ones are relased through the year.</p><p><br /></p><p>I think I'll see how the 1st and 2nd are doing just before the 3rd one comes out, maybe I'll end up with a few rolls also, just for fun of course.</p><p> </p><p><br /></p><p>.[/QUOTE]</p><p><br /></p>
[QUOTE="Mr. Coin Lover, post: 586583, member: 16060"]I've always thought up to now the '09 cent would come down after all the hype settled down, probably in next year sometime. But, when a dealer like The Penny Lady is buying them off ebay to have in her inventory makes me think I may be wrong. I don't know if any of you have been to her site, but these are not low level coins pictured there for sale. I'm not sure how the mint operates for coins purely for circulation, but I would think they can release them for as long as they have them in their inventory. Is that correct? I mention that because of all one reads about banks not needing coins at this time. The mint sold five million of each in the 2@8.95 sale they had. HSN's coin show has sold over a million of each roll. They also stated when they started selling them they wound up with approximately three per-cent of the total mintage. This is a lot of pennies, but how many people are actually collecting, not selling the rolls they purchased. There have been rolls I'm sure released in to general circulation, but no idea how many. I really hate to admit I'm a fence straddler on this, but I am. It is fun to see how it will all play out. Twice I have had a real gut instinct something new was going to go up in value and one I acted on, the other I didn't. Both I should have because they did go up quite nicely. These two items were more costly initially than what have here, I just hope noone "bets the farm" in speculation here as the new ones are relased through the year. I think I'll see how the 1st and 2nd are doing just before the 3rd one comes out, maybe I'll end up with a few rolls also, just for fun of course. .[/QUOTE]
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I think I might buy a hundred of those new penny rolls.......
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