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 Replies: 36 / Views: 14,075 |
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Pillar of the Community
United States
584 Posts |
Anyone know if the 2009 Proof Jefferson's are just as rare. I came across a listing 2009 Proof Jefferson Roll Buy it now $39 the only problem was the seller flat out refuses to use Pay Pal, You had to send your CC info to him. So after a few back and fourths and an Intellus search, I felt comfortable with buying. All went well Thank God. I was already buying rolls of the P & D. I'm kinda wishing I bought a few more. But I must say it was very hard to spend money on these rolls cause I couldn't help but to think I could be buying something Pre 1921.
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Bedrock of the Community
United States
17884 Posts |
Quote:
-US population is expected to be close to 450 by 2050 so put current numbers against another 140 million people as well. OK so that is an increase of about 50%. Increase the serious number of collectors and by 2050 you have 1.5 to 2 million collectors chasing the 39 million 2009 P Jefferesons. I still don't see much of a profit scenario. Especially once you factor in time value of money and the loss of purchasing power of the dollar due to inflation. If a roll is $10 today it will have to be about $45 in 2050 just to break even. (Assuming 3% inflation) To put that in perspective the 1959 P roll at face value from 1959 to now would have to be between %10 and $11 to just break even. It didn't make it and there were a lot fewer of those hoarded. Quote:
Anyone know if the 2009 Proof Jefferson's are just as rare. I Actually they are a lot rarer. They made less than two million of those. So it is twenty times rarer than the 2009 P nickel but cost about three times as much. The problem is there are still more of them than there are collectors. Edited by Conder101
06/17/2011 1:14 pm
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Valued Member
United States
187 Posts |
I guess I'm not understanding how you're doing the comparison between the 59's and 09's. The price paid for 09's are for unopened original rolls of gem/near gem Nickels. A comparable roll of 59D's would be quite a bit more than 10-11 bucks. The 10 dollar rolls are not OBW despite what the ebay listings may say. Going by your estimated 1 to 2 million coin collectors, that would still only be 15 to 30 coins each. I've managed 11 and none are higher than ms62 and of course many still have none. I just feel that the numbers don't seem that overwhelming to me. So Conder101 I will respectfully disagree with your opinion but I will also concede that you have much more knowledge and experience in the hobby than I and so I wouldn't be surprised if I was way off here either.  |
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Pillar of the Community
United States
7840 Posts |
Sounds like the 31-S Lincoln story...word got out that there was a low mintage and people hoarded them, which means very few circulated ones, mainly higher grades. Still valuable nevertheless. I managed to pick up a dozen (or so) 2009-D rolls from the company strong box. We'll see what happens.
Edited by oih82w8
06/17/2011 4:08 pm
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New Member
United States
38 Posts |
That's so strange I've had the exact opposite experience; I've found a whole bunch of 2009 nickels, I have about a roll and a half but I've only found about 5 2009 dimes ... |
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Pillar of the Community
United States
584 Posts |
I've seen 09 Jeff.& Ross. Just P mm sell on ebay for $5. Amazing, So I guess a good investment would be to buy 09 PF and MS sets if you can find them for a good price. I'm going to have to see what their going for. Figure the hysteria has probably caught onto sets as well. I'll admit to paying just about $20 for a 09 PF 70 PCGS. I figured heck between shipping and slabbing fees their couldn't be much of a profit. Figure can't be a bulk submission being a PF. Or do you think some dealers/sellers hire people to crack out sets and send hundreds in at a time. I can't imagine the expense of it all. Can they really be saving that much money. |
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Pillar of the Community
United States
3755 Posts |
Just 1-2 million collectors? You are waaaayyyy off. Perhaps that was true in the 60's, but coin collecting is one of the top hobbies in this country, and with 300 million people, that is NOT a reasonable number. The mint bases its 150 million count off of sales. Perhaps it was that high during the State Quarter program. I am quite sure a lot of people dropped out after that. But I guarantee a high percentage of them continued on and branched out. Look at it like this. The population of NY city during the week is over a million. So you are saying only NYC is collecting coins and the rest of the country isn't? Please. |
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Valued Member
United States
228 Posts |
I've found three 2009D mint nickels here on the west coast (San Diego). What shocked me was finding my first 2009 P mint - this far west!  |
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Pillar of the Community
United States
927 Posts |
I have not been roll searching but I save every nickel that I get in change. To this day, I have not seen any 2009 nickels or dimes in change. I live in the Eastern US. A friend found several 2009 D's in change in Vegas a few months ago. He sold me a couple at face value. I am going to have to buy some rolls to see if I can find any P's. I refuse to pay $5 for one new nickel. I know they will come down in price eventually. I paid 95 cents each for 2009 P and D dimes, but I did not buy any nickels. I think they will always sell for more than other recent dates because of the mintage. I don't think they are worth 10 times as much though.
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Bedrock of the Community
United States
12437 Posts |
Quote:
I guess I'm not understanding how you're doing the comparison between the 59's and 09's. The price paid for 09's are for unopened original rolls of gem/near gem Nickels. A comparable roll of 59D's would be quite a bit more than 10-11 bucks. Greysheet ask for a roll of 1959 nickels is a measly $4 so a retail of $10-12 would be accurate. 1959 nickels are nothing special and their value reflects that, even in the form of original bank rolls. Quote:
So you are saying only NYC is collecting coins and the rest of the country isn't? Please.
No, the real number of coin collectors would be much lower than the population of New York City which is currently in excess of 8 million. I am not talking about someone who inherited grandma's silver dollar, has a jar of State Quarters, or assembled a mostly incomplete wheat set in a folder as a kid- they are not collectors. That is like calling me a baseball card collector just because I have about 50 or so cards hidden in a dusty shoe box from 25 years ago. To be a collector, you have to actively seek out and purchase coins- passive accumulation doesn't count. Think about it this way- the American Numismatic Association has approximately 30,000 members. Even if only one 1% of collectors were ANA members, that would give you a collecting base of 3 million which would still be a little too high. |
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Valued Member
United States
187 Posts |
Quote:
Greysheet ask for a roll of 1959 nickels is a measly $4 so a retail of $10-12 would be accurate. 1959 nickels are nothing special and their value reflects that, even in the form of original bank rolls. Now see I told you I was inexperienced. This is doubly so when it comes to coin values. That said I guess I need a little more help understanding this. Do I just not understand obw? I understand it as basically a bag of new coins from the mint rolled for the first time. If I had grabbed a few rolls of those, they would all most likely be full step right? and MS? Is it that likely you wouldn't even get one ms 65 or better from a roll? I've only ever opened a few new rolls of lincolns and I'm even less skilled at grading than I am at knowing values. What I was thinking is that there'd be 40 mid-MS coins per roll with some nice potential at something quite valuable. I can't put my head around $10 a roll other than thinking you just can't really tell if a roll has been searched and so you have to price it as if it had. In this case you know they have not but you would have to break the rolls and get the value of each coin individually. thanks Bio/Condor |
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Pillar of the Community
United States
880 Posts |
Sell these while you can...
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Pillar of the Community
555 Posts |
Quote: Even if only one 1% of collectors were ANA members, that would give you a collecting base of 3 million which would still be a little too high. biokemist is closer to being correct than smokeriderdon. In fact the number of collectors may be considerably lower when you look at the UHR sales. Arguably the most beautiful coin to come out of the mint in the last few years, and selling for roughly $150-200 over spot. Available for one year. I never buy gold, yet I bought one of these. I'm sure there were others like me. I realize not everyone can afford a $1250 coin, even though its intrinsic value is $1100. Yet only a little over 100,000 sold. |
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Valued Member
United States
230 Posts |
Finally found my first 2009 nickel.
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Pillar of the Community
United States
4132 Posts |
I've been saving them from the last four or so boxes I've searched, but I haven't found them all that scarce (I'm in SW Florida). I have a little over a roll of P and and half a dozen D or so, and I've gotten some naturally in change. I've only been saving the sorta nicer ones, although none of the ones I've found are exactly what I'd call BU. It seems like even brand new nickels I find are pretty dinged up; I guess the sharp edges on the new nickels make for more bag marks. If circulated rolls are going for several times face on ebay, I'm gonna increase my nickel volume and start unloading them. |
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Posted 06/17/2011 1:13 pm
