2009 Log Cabin Lincoln Cent

Short term hype. They've already lost half that hype value. In another thread the question was asked what we thought they would be worth in 20 years. My prediction was about $4 per roll set or about half issue price. Of course yiu never know, after five years the 2004 nickel roll sets are still selling at around three to four times issue price or ten times face.

So the Population has doubled since 1955 with it's 55-S cent with the "low mintage" of around 50 million. So double THAT for a comparitive "low mintage" and you have 100 million. The 2009 P log cabin is still three times that. "low" is still a relative term.



Sure it's a fair comparison (and I compared it to the 68-S not the 68-D, important difference) The two have close to the same mintage, and S mint coins tended to be more heavily hoarded than the P or D coins (Especially since it was the first S mint cent for circulation in 13 years.). So you have a coin of roughly the same mintage which was also hoarded, but not hoarded to anywhere near the extent as the 2009 coin, and after 40 years it is worth a dollar or two a roll in MS. With the 2009 you have roughly the same mintage but a whole lot MORE of them hoarded in Mint State than the 68-S and what will their potential be in forty years? I think it's a good comparison.

Decided to join in and go wild over the new LMC. Had to go to the bank to get some money and turn in a new order for checks. Wanted to get one roll for my son and one roll for my daughter but I really went crazy and got two rolls each. Had to pay 50 cent for each one, but saved that $10 shipping fee. Based on what I'm hearing, think I'll cash them out in a few months and buy General Motor's.

I got 2 in change at an Arby's last night. I usually don't check my change right away but they were so bright I flipped 'em over real quick - both log cabins! I let out a "Whoop!", handed the guy back a quarter and said "got any more pennies in there?". After a weird look and a question to his manager, he changed out my quarter... and all 25 were log cabins. Now I just need to find out what bank they get their rolls from .

I'd have emptied their vault but figured some other people might want some too.

Just my opinion, 1st the Westward journey Nickel did not get the recognition it truly deserves, it might some day. also the 2009's LC'S from the U S Mint just yesterday sold for almost $80.00, this is NOT what I would call a lower premium than issue price just yet, it was higher, but now still holding nicely.
Also the 2009's ( all coinage) IMHO, will bring a nice premium for years to come for many reasons, more than I will mention, 1st supply and demand, someone is Hoarding these coins by the truck-load, also there must be floor-boards bending in a lot of bank vaults somewhere.
I feel that when and if the hoarded coins are released to the general public, prices will come down a little( bank wrapped rolls), as for the U S Mint wrapped rolls, they will retain their premium, I feel because the "mintage" the LP1 had 96,000 sets, NO MORE, all gone... This IMO, makes this set a nice collectible to have in your collection.
I do not even care to venture a guess on the LP2 sets, I feel, if the Mint is smart they will produce more sets this time around, why, because the old "supply and demand", if people are willing to buy these coins for what ever price, this to me, makes these collectible, again, just my opinion......

I don't think the link proves your point. In the two pages of auctions shown the HIGHEST price I see paid for an Unc business strike 68-S is 11 cents (Unc bank wrapped roll for $5.50) with most of them in the 2 to 4 cent range.

I have not asked for any "regular" Cent rolls. But I have asked all over town about "the new Lincolns" and of course got a resounding "NO"......and "We won't be getting any either"

Got lucky this morning just doing my weekly $50 in pennies search. Walked up to the teller asked for 2 $25 boxes gave her cash and walked out. Took a quick peek on my way out and... Both boxes are 2009 P Log Cabins. Complete luck I know but these guys are going in the safe.

That is a very nice find! Great pictures up there Moe, thanks for sharing those. I've yet to master taking proper pictures of my coins but I'm working on it.