I have been watching on ebay all the boxes of new 2017-P cent being sold from owners all over the US. One person wanted $145.00 for two boxes of them. When those two were gone (and they were sold to "have no-sense" people), they would put up another box for $65.00 and that was sold. One person is selling 20 rolls ($10.00) of 2017-P cent for $19.99 BIN. I believe that some "no-sense person" will buy them. One person wants $59.99 BIN for a box. I have questioned some of those people as to where they got theirs and from what source. Some said that their bank looks out for them and get them all they want. Well, I must have my money at the wrong bank because they will not get me any at all. Question: Can anyone enlighten me about why some persons can get all the boxes they want and somebody else can not get any at all. Are they robbing the armored truck workers or what? LOL
The prices you see are what "Free Enterprise" is all about. Supply and demand or whatever someone is willing to pay to acquire them. These may be private individuals or dealers looking to stock their stores. Bank and credit unions order what they need but it is now rare if any can order by date, so that is the luck of the draw. I paid $90.00 for a box each 2017 P & D. I have an outlet to sell them by the roll for much more than I paid. I don't think that makes me a "no sense" person, just being industrious. Everyone who sells needs to make a profit or go out of business very quickly.
This reminds me of the 1950-D nickel. people went nut buying them, the price went thru the roof, now you can get one at a fair price.
Coin Vault has been selling half boxes ($12.50 Face) on their show. They claimed they bought skids from a major armored truck service in January. They are also claiming that they GIVE you a half box when you buy one of their CENT SPECTACTULAR offers. I believe they were doing 2 1/2 boxes ($25.00 face) for $99.00 and free shipping of course.
Thanks, SchwaVB57. I need to know where individuals of the US (non-dealers or TV coin shows) get theirs. From their banks or where? Like I said, my bank will not get me any boxes. Again thanks for your response.
My local banks had unopened rolls in January, but now they only have re-wrapped rolls in all boxes I get to sort through. I was lucky enough to get 5 full rolls of the P and 2 rolls of D, but I asked a couple bank managers to save them for me.
Every bank is different. Some will get new rolls while others get mixed rolls or stock customer rolled coins. For example, in 2011 I was searching nickels for a date set. I went to a local bank for 10 rolls. All had 2011 nickels. At other times I would get mixed rolls. It all depends on the bank and the timing. As for the prices paid, like others mentioned, it's supply and demand. Collectors want the new coins but their area might not have any. So they go to the secondary market and pay a premium to get what they want.
Thanks, ddddd...Like has been said, my bank says they don't have any but talk about Christmas time when they get new currency for Christmas giving and they might be able to get some then. (bc) By Christmas time, 2017-P cents will be obsolete for selling. LOL In pocket change, I get 1 or 2 2017-P cent so SOMEPLACE in my area (banks or credit unions) have to have them. I get them in change from grocery stores, drug stores, McDonalds, Wendy's, the post office (today) so rolls and boxes have to be somewhere. I have too much money at a certain bank that is about to lose my business.
They get them from the banks and it is a mixture of luck and where they happen to live. Some areas of the country, and cities, are coin sources and some are coin sinks. A coin sink get all the coins they need coming in from the surrounding areas and the banks there pretty much never order coins. A coin source on the other hand constantly have to order more coins because they keep going out and not coming back. (some areas fall kind of in between.) A coin source area tend to deplete the local Fed supplies and so they frequently get shipments of new coins. If you live in those areas you can often get boxes of new coins at the bank. If you live in a coin sink they are constantly sending coins BACK to the Fed, they pretty much never order coins, and so you are very unlikely to get a box of new coins there. The in between areas are pretty much just a matter of random luck. And finally it IS possible to get ballistic bags directly from the mint. Some large dealers actually do that, but it costs more than face value, you have to pick them up yourself and provide your own shipping. (and probably your own forklift for loading your truck.) And there is a deposit for the special pallet.
They've minted something on the order of 1 billion 2017 cents already. Those go from the mint to the armored car companies performing the cash terminal function to be rolled and distributed to their customers (banks, retail, etc.). Those mix along with the other 10s (100s? 1000s?) of billion cents in circulation that they've picked up from banks and cash customers going the other way. So it's purely luck of the drawer what you get. The odds are 1:10 or 1:100 against a box of new cents... what you see on fleaBay is just the lucky few selling their chance "winnings" before everybody has them...
