When the new shield pennies came out they were going for over $100/box on eBay (now they are down to about $60/box). $100/box is 4x face value....I have 2 boxes of the 2010 Hot Springs Quarters on ebay for $1000/box (only 2x face) and absolutely no action on them. I guess i have them overpriced? Why in the heck were the pennies pulling such a premium when there's already been over a half a billion made? There's only been 42.4 million quarters made. What am I missing here?
Well, for one thing, I think many people were burned out on the SQ Program besides learning a few lessons about hype and moon pricing. On the other hand, the 2009 & 2010 Lincoln cents are the first design changes in 100 years. Many people are speculating that there will continue to be strong demand for the "first year of issue" for the new shield cent. Chris
1. The 2010 shield penny is the very first year of a new design. The quarters have changed every year for the last ten years. 2. More people have an extra $100 in their pocket to 'invest' than people who have $1k 3. The $100/box was an anomaly. As you pointed out, that price hasn't held up since their initial release and perceived scarcity. I am sure there are other reasons...
Another reason is that there are many, many, many more Lincoln cent collectors than quarter collectors. I suggest selling your rolls individually. I imagine you can get $17 to $19 a roll that way and you can get a nice profit. If you don't want that hassle, put your box up for 99 cents and let the market set the price with auction bidding. I suspect you'll be pleased (not overjoyed) with the result.
the new cents have a unique relief to them,so,so far alot have been coming out with rub on them,which is getting a lower grade.people were buying them up,so they could sort through them and get a ms68 coin,which would be well worth the 4x face they spent on the box.
I thought of another reason. When the 2010 cents were selling for 100/box they weren't available for sale on the mint's website yet. The quarters you are offering can be purchased from the mint by people who have no interest in owning a whole box.
It's the price and nothing more. $1,000 is a lot of money to lay out for a $500 loss right off the bat. Ask $600 and you may get some action but there are no guarantee's.
One box sold for $650, the other $625. Thanks for the advice all. I've got 4 more boxes coming in this week, so I'll price them around $600ish.
