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Posted 07/09/2020 12:17 pm
I'm not a penny expert, but is there anything significantly different on the '19 vs. the '18 or '20? Maybe if you had done that with the 2009s that had the various Lincoln's life scenes on the back. Or like someone said, the last year of the Canadian penny.
Just saw a graded 1959 PROOF cent, PF 66 red, listed for $6 + $4 shipping on ebay. Nobody bought it so now the starting bid is $5. $15-20 to get it graded, ebay and pay pal fees on the price including shipping. And that's on a 60 year old proof. With a far lower mintage. And you think you will make money in 20 years? Grading fees will be higher by then. In my opinion, sorry to be blunt, you just bought a $25 door stop.
It's nearly impossible for the average Joe to make money on coins. Everybody wants a cut, ebay, TPGs, auctioneers, your LCS, the post office. Collect for the fun of it, not to make a profit.
Just saw a graded 1959 PROOF cent, PF 66 red, listed for $6 + $4 shipping on ebay. Nobody bought it so now the starting bid is $5. $15-20 to get it graded, ebay and pay pal fees on the price including shipping. And that's on a 60 year old proof. With a far lower mintage. And you think you will make money in 20 years? Grading fees will be higher by then. In my opinion, sorry to be blunt, you just bought a $25 door stop.
It's nearly impossible for the average Joe to make money on coins. Everybody wants a cut, ebay, TPGs, auctioneers, your LCS, the post office. Collect for the fun of it, not to make a profit.
