$790 2012 Penny? - Coin Community Forum

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Author	Replies: 7 / Views: 1,643
DrDanger99 New Member Canada 44 Posts	Posted 03/02/2013 5:59 pm I read on this website that a 2012 penny graded MS-67 would be worth $790. Is this true? http://www.coinsandcanada.com/coins...nt-1965-2013 Report this Post to the Staff

fioti Pillar of the Community United States 4212 Posts	Posted 03/02/2013 6:14 pm That's why price guides are best w/a grain of salt.252067&_nkw=2012&_pppn=r1&_dcat=3389&LH_Complete=1 Edited by fioti 03/02/2013 6:15 pm Report this Post to the Staff
middross Pillar of the Community Canada 695 Posts	Posted 03/02/2013 7:13 pm I'm seeing $71 for an MS67. I am however using the mobile site. $790 seems a bit far fetched.....and by a bit, I mean a lot. Report this Post to the Staff
coin_games Valued Member Canada 319 Posts	Posted 03/02/2013 7:17 pm Probably a typo, should read 79? Report this Post to the Staff
DrDanger99 New Member Canada 44 Posts	Posted 03/02/2013 7:27 pm Yeah I didn't think it was true... Just making sure :) Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 03/02/2013 8:06 pm Forget about that valuation. I think it has been way overstated despite high transient market demand. It depends how many were struck. I'll betcha, with that sort of value esimate ($790), everybody will try to save them, and as a result, everybody who wants one will have one. Market demand will then dry up. Unless you can get them from change or buy them now in bulk for not much more than face value, don't bother. I smell market manipulation here! I have seen this type of thing happen before. In a bulk lot, rolled or otherwise, you may be lucky enough to find an MS65, but that won't make them scarcer than other date MS65's. Some years down the track from now, they may very well be more common than other date MS65's, because being the last date, everybody who may have been interested, has saved them to remain in top condition. Report this Post to the Staff
brexzz1 Valued Member Canada 348 Posts	Posted 03/03/2013 01:29 am it was a typo. It's $79 Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 03/03/2013 01:41 am That was my other suspicion, but on the printed paper hard to prove. Perhaps a hyper-typo! Report this Post to the Staff
	Replies: 7 / Views: 1,643

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