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 Replies: 103 / Views: 15,586 |
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Valued Member
Canada
262 Posts |
I have several non-magnetic 2011 but no magnetic ones.
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Pillar of the Community
 Canada
1700 Posts |
Compared to the 2009 magnetic cents, which ones are more scarce?
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Pillar of the Community
Canada
1700 Posts |
Now, should I let a compamy certify my magnetic cents, even when they don't seem to be rare?
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Pillar of the Community
Canada
1984 Posts |
Probably not worth certifying unless you think they will get MS67. At that level they might be $40 coins at ebay selling prices. At MS66 probably $15 to $20 coins. At MS65, probably worth less than the certification unless you are taking the 100-at-$6.50-each route without paying the $2 upcharge for specifying magnetic. |
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Pillar of the Community
Canada
1700 Posts |
Anyone know a website for the trend?
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Pillar of the Community
Canada
1984 Posts |
Edited by Smallcentguy
05/13/2012 5:36 pm
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Pillar of the Community
Canada
1984 Posts |
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Valued Member
Canada
76 Posts |
I have a mint box of 2011 magnetic 2500 1 cent coins still in the mint's plastic rollers, what kind of grade do sealed mint rolls usually return? After seeing those prices I wonder if it would be worth certifying a couple rolls then selling them off one at a time.
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Pillar of the Community
Canada
1984 Posts |
If you certify the entire rolls you will likely lose money. If you do the whole roll you will likely pay the fee to certify a whole lot of 62s, 63s and 64s with no commercial value. I am not sure what the incidence of high grades is but ICCS has not certified that many 67s so far so the odds are against you I would say.
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Valued Member
Canada
76 Posts |
At 5$ for a 66 and 50$ for a 67 it seams like to much of a spread if the odds are less than spectacular.
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Pillar of the Community
Canada
1984 Posts |
Certifying 50 coins at the lowest ICCS price level will cost you $325 + HST. I bet you get 2 MS 67s or less. Not a good bet I would say.
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Pillar of the Community
Canada
838 Posts |
There are 360 million magnetic 2011 cents, according to the latest annual report.
(That sounds like the total opposite of rare!)
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Pillar of the Community
Canada
1700 Posts |
Since the gouvernment is eliminating pennies, are they going to melt the magnetic ones, just bucause they have more melt value?
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Pillar of the Community
Canada
1700 Posts |
Or are they just going to leave them in circulation?
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Pillar of the Community
United States
745 Posts |
the magnetic one cents would have less melt value, it's just a cheap steel core.
older 98% copper cents have much more melt value
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Replies: 103 / Views: 15,586 |
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Posted 05/10/2012 9:27 pm
