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Investment 2019 Pennies?

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 Posted 07/08/2020  7:07 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
I want to ask your opinion about 2019 penny with MS+ would increase through 10-20 years? Is it would increase to $5-10 value EACH penny with grading like MS67-68?

Yes they might, for graded coins. Of course it will cost you $25 to $30 apiece to get them graded to make them $5 to $10 coins.
Gary Schmidt
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 Posted 07/08/2020  7:17 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Might be better to invest in a blue chip stock with reinvest dividend, over that 10-20 years, you might be much better of.

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 Posted 07/08/2020  7:17 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
That sums it up pretty well!
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 Posted 07/08/2020  7:19 pm  Show Profile   Check silverwolf's eBay Listings Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply

Quote:
But there are much better investments to be had, especially on a decade timescale.


That is never for sure, no one can predict what a 25$ investment will do in 10 years, it could go negative, whereas 25$ in face will still be 25$..

And inflation doesn't matter, it would be no different than putting 25$ under your mattress, and finding it 10 years later, it is still worth 25$..
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 Posted 07/08/2020  7:43 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
With umpty billions minted, i's hard to image much of a premium for these in the next hundred years or so.
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 Posted 07/08/2020  8:31 pm  Show Profile   Bookmark this reply Add captaincoffee to your friends list Get a Link to this Reply
Pretty much everyone on this site loves collecting coins, so I encourage you to also do what you enjoy. If that is buying boxes of pennies, then all the power to you. I assume you are just doing this for fun, but since $25 for you might be $2500 for someone else, I'll go ahead and throw cold water on it as an investment.

I'm an avid investor as well as a coin collector. Never the two shall meet. Might not be a popular opinion, but coins are a terrible investment. People that do invest in coins tend to invest in rare, high-end coins. However, there is a lot more that goes into that such as market analysis/conditions, liquidity, etc. For regular folks, it is not a good investment strategy, and any examples to the contrary (my uncle bought a $10 coin that's now worth $5000!!) are purely anecdotal.

Even if you could double your money tomorrow by selling those rolls individually on eBay, you are talking about making way less than minimum wage for your trouble. Minus fees. There were 7 billion (that's billion with a B) of these made, so barring hitting the lottery with some kind of error on your coins, they will likely remain close to face value. On the plus side, unlike playing the lottery, if you lose you still have your original $25 in pennies. Minus inflation. So, if you were choosing between $25 in lottery tickets and $25 in rolls of pennies, then I do highly recommend the rolls.

Bottom line, if you are having fun, that's what matters. If you happen to make a few bucks, that's a bonus. If you are investing to make money, .
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 Posted 07/08/2020  9:05 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
As a collector of OBW Lincoln rolls , I'm only hopping that they'll be worth something for my Grandchildren who will most likely inherit my cache as long as I can keep them pristine for the next 30 or 40 years . So far so good .
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 Posted 07/08/2020  9:09 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Remember that rolled coins, when minted, are ejected from the presses into a bin where they hit one another. Hence a really high MS grade is very unlikely for rolled coins. Also remember money loses value over time. According to one currency deflation calculator what someone bought in 2010 for 25.00 would cost 29.40 today. So saving these and selling at face value in ten years would likely mean a similar loss of money.

I note some rolls of 2010 going for 1.85 each 1.35 profit. If that profit is adjusted for 2020 value, the seller made 1.13 profit per roll...less ebay and paypal fees (presently ~12% and sure to go up in ten years as well) = .99 per roll profit.

Not a very good return for 10.00.

So keep them for 10 years and you can maybe make a buck per roll...if you store them properly.


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 Posted 07/09/2020  09:12 am  Show Profile   Bookmark this reply Add EDM to your friends list Get a Link to this Reply
The only time I ever made money with coins was in 1979 and silver went to $49 per ounce. For years I had gone to the bank and cashed my paycheck in dimes, quarters, and halves and pulled out the silver. I turned in just about everything. I should have turned in all my Morgan and Peace dollars. $49 an ounce in 1979 dollars would be about $173 an ounce in 2020. That's how crazy it was. But, investing in recent zinc pennies hoping for $5 each? Consider this. 50 years ago I was going to the bank and getting rolls of brand new "S" mint pennies, low mintage, copper. 50 years later they are worth about $1 on a good day.
Edited by EDM
07/09/2020 09:26 am
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 Posted 07/09/2020  12:17 pm  Show Profile   Check Lancek's eBay Listings Bookmark this reply Add Lancek to your friends list Get a Link to this Reply
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.
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 Posted 07/09/2020  11:53 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
And inflation doesn't matter, it would be no different than putting 25$ under your mattress, and finding it 10 years later, it is still worth 25$

Except that thanks due to inflation that $25 will now only buy what $12 bought when you put it under the mattress. Yes it is still $25, but it has still lost half its value. If the value of your "investment doesn't grow at least as fast as the rate of inflation, you are losing money.
Gary Schmidt
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 Posted 07/12/2020  9:50 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Also I wouldn't want to store that "investment". Just consider how bulky and heavy a couple hundred face in new cents would be. These would be taking up valuable real estate in your home and paying to store them else where would negate any possible upside.
Bedrock of the Community
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 Posted 07/13/2020  10:33 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
You also have to consider how you would store them. They will either need to be protected from the air or a significant quantity of them in 10 years will just be "spotted common 2019 cents" worth 1 cent each. More of you "investment" down the drain.
Gary Schmidt
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 Posted 07/15/2020  6:26 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
A quick check at PCGS shows 3 Philadelphia in MS67 and 6 Denver in MS68 with less than 500 of each submitted thus far. These numbers should increase substantially over time and surely to include some one grade higher of each. If sending them in the cost in doing so would see little increase for profit above cost, most bringing less (anything under MS66). As the Cent is the number one collected coin selling them raw, even today, will bring well over face value especially if you play the shipping figure right. But don't expect to sell a roll of fifty every day. Just saying.
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Edited by Ballyhoo
07/15/2020 6:29 pm
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