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<p>[QUOTE="beef1020, post: 1639871, member: 24544"]Price is not based on age, it's based on supply and demand, there were 25 billion wheat cents minted vs 2 billion indian head. Last point to consider, what happens when, and it will happen, the cent is discontinued and kids no longer start off by collecting cents from circulation? What do you think drives the current price of wheat cents, it's baby boomers coming back into the field and finishing off a childhood set. This will not happen in 20-30 years as kids will no longer be collecting these as a first set.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Where are you pulling these numbers from? This is even more generous then your previous $0.05 to $0.15 'forecast'? But even going off your example it's a 5.5% annualized return, which I still would not consider a good investment. Plus there are carrying costs, liquidity costs, and pain in the rear costs. You do realize that 100,000 cents weights around 700 pounds, have fun moving that around with you for the next 30 years...</p><p><br /></p><p><br /></p><p><br /></p><p>Why does the value only go up and not down? To my mind, wheat cents are the series with the greatest potential downside in price. Their price is based solely on the nostalgia of a huge demographic aging through their peak earning years. </p><p><br /></p><p>Final thought to put the astronomically high number of surviving wheat cents into perspective for you. There are more 1909 s vdb's surviving today then there are ALL HALF CENT YEARS COMBINED!!! Then only way to simply keep the prices where they are is to keep the staggering demand for them up as well, is that a bet you want to make?[/QUOTE]</p><p><br /></p>
[QUOTE="beef1020, post: 1639871, member: 24544"]Price is not based on age, it's based on supply and demand, there were 25 billion wheat cents minted vs 2 billion indian head. Last point to consider, what happens when, and it will happen, the cent is discontinued and kids no longer start off by collecting cents from circulation? What do you think drives the current price of wheat cents, it's baby boomers coming back into the field and finishing off a childhood set. This will not happen in 20-30 years as kids will no longer be collecting these as a first set. Where are you pulling these numbers from? This is even more generous then your previous $0.05 to $0.15 'forecast'? But even going off your example it's a 5.5% annualized return, which I still would not consider a good investment. Plus there are carrying costs, liquidity costs, and pain in the rear costs. You do realize that 100,000 cents weights around 700 pounds, have fun moving that around with you for the next 30 years... Why does the value only go up and not down? To my mind, wheat cents are the series with the greatest potential downside in price. Their price is based solely on the nostalgia of a huge demographic aging through their peak earning years. Final thought to put the astronomically high number of surviving wheat cents into perspective for you. There are more 1909 s vdb's surviving today then there are ALL HALF CENT YEARS COMBINED!!! Then only way to simply keep the prices where they are is to keep the staggering demand for them up as well, is that a bet you want to make?[/QUOTE]
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