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 Replies: 311 / Views: 29,188 |
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Pillar of the Community
Canada
1528 Posts |
Quote:
I heard that shiiping to/from Canada has gone up, but;
"Winner will pay $29.99 for shipping within USA, and $19.99 for CANADA. For other countries please contact me for shipping." Probably have to cover for insurance but in anycase,if someone willing to pay over $500 for a roll of penny, don't think they care about shipping rate |
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Pillar of the Community
Canada
3690 Posts |
With easy money like this, there are probably a half dozen shops in China already working on making '20,000 of 20,000' stickers.
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Pillar of the Community
Canada
1528 Posts |
I wonder if 1/20000 will garner the same interest
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Pillar of the Community
Canada
590 Posts |
The other problem is he can't prove he actually shipped that roll. All someone has to do is claim the item was not as described and send back a regular roll. The buyer gets a refund and bye bye roll 20000/20000.
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Pillar of the Community
Canada
6768 Posts |
Yeah...easy money, congratulations to that guy. But what will be, if will be discovered that due to RCM misstake, the last COA# is 30.000 and not 20.000 - like it was for "2011 Year of the Rabbit" coin. |
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Valued Member
Canada
233 Posts |
You can have connections, but I know some just bought a lot of them in online stores and ebay at over issue price. Few days after the release you could buy a lot of them at 20$/roll or more. Having a lot of rolls doesn't mean he paid issue price for all of them. Remember that a lot of people were saying that we were fools to buy this roll at 10$ from the Mint (and I'm not talking about this 20,000 roll, just regulars). First sale on ebay for 20$ was for many the top it would go... now when someone said he bought a big lot at 30$/roll he was also a fool! Now that rolls seem to top 50$ on ebay... they are not fool anymore, they are scammers! Think about it. Anyway I don't want to bring once again the debate over flippers vs. collectors, but these guys take big risk in buying rolls at 30$ each. This time it paid, but some time they are screwed and have to take the loss on tens of coins that nobody wants anymore. |
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Valued Member
Canada
233 Posts |
@Dooby Rak
This is where a video camera of the shipping is a must.
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Pillar of the Community
Canada
871 Posts |
Only time will tell what this roll of pennies will fetch.
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Pillar of the Community
Canada
590 Posts |
Video can still be can be faked. Anything can happen between the video being made and the shipper receiving it. Need to have a notary witness the package being closed and shipped. Then send a letter from the notary to prove what was witnessed. Only costs you $50 extra.
My biggest fear buying this is will these rolls hold their value? Its just a penny.
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New Member
Canada
9 Posts |
I just came back from the money museum in ottawa this weekend and saw the last penny on display pressed by Flaherty himself on May 4th 2012..
sooooooooo technically the 20 000 / 20 000 contains not the actual last penny ever minted but the before last...
Just a thought
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Valued Member
Canada
299 Posts |
WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOW ... WTH is that price ?  |
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Pillar of the Community
United States
1002 Posts |
Quote:
sooooooooo technically the 20 000 / 20 000 contains not the actual last penny ever minted but the before last... Whoever buys it should crack it open and count them to see if there is actually only 49....  |
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Pillar of the Community
Canada
590 Posts |
Technically who ever buy these roll is not guaranteed one of the last million coins. It is impossible to make exactly one million and then count one million pennies. So what do you do? You make 1,050,000 approximately. Then you weigh them and add a little extra. After weighing they will have just over 1 million pennies. They will only use 1 million of those but somewhere there are 5,000 to 50,000 pennies that will never be circulated, unless they issued more than one roll marked 20,000/20,000.
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Valued Member
Canada
330 Posts |
The penny roll listing also says "the last million pennies ever distributed" not the last pennies ever made.
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Pillar of the Community
Canada
590 Posts |
You don't think a few years from now the mint isn't going to say "Hey we found some extra last pennies we forgot about by storing them in a safe place and locking them away until everybody forgot about the last one million we issued some years back." Then they will make a special release of these pennies. You think people would not buy those very last pennies at a very high premium.
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Replies: 311 / Views: 29,188 |
First Page
Posted 02/25/2013 08:30 am
