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First Page  Showing last 15 replies.
Author Previous TopicReplies: 18 / Views: 2,371Next Topic Page 2 of 2
Pillar of the Community
United States
6326 Posts
 Posted 05/21/2009  08:53 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list

Quote:
with the shipping date being pushed back and the rolls being "mass" produced.. is there going to be any value?

Well, the "shipping date being pushed back" has nothing whatsoever to do with the potential value of a coin or roll.
Secondly, when you say "mass produced".......well......if they've doubled the previous two roll set numbers.....that's 200,000+ sets. That's still only 10,000,000 coins, which if a coin only got that few minted it would indeed be a "modern rarity" !..(compared to the "BILLIONS" being the norm).....
Coin news has it at "20,000,000" coins and "400,000" total two roll sets.......same point.....same difference ! This "is" just "one" coin after all......(or two with "P" & "D")
Of course they've minted quite a few "bank rolls" as well for future circulation......but I'm just sayin'......
It's a little early for the "thumbs down" talk, and there's no reason to be negative on the LP1, LP2, LP3, or the LP4 just quite yet ! .....
Late next year and late in 2011 will be a good clear picture as to the value of these "two roll Sets" and the "bank rolls"......and the individual higher MS grade values.

And generally speaking.......did ANYONE really think they were going to mint "exactly" the same number of coins/Sets from the Philly Mint and the Denver Mint for each of the four different designs......I never did !
Besides......and to the larger point here....it seems as per normal to me for them to mint a bunch of one coin design, but fewer from one of the two mints for a particular design......then a whole bunch of the next one from both Mints.......then mint very few from both mints of the next design.....then a bunch again.......etc... etc...etc...etc...etc...etc.....vice-versa, vice-versa, vice-versa, vice-versa........so on and so on........ ......This is what the Mint has been doing for a LONG LONG LONG LONG TIME NOW ! Nothing new here at all with the output of and mechanics of these mintage numbers .....
Edited by eaglefoot
05/21/2009 10:06 am
Valued Member
United States
70 Posts
 Posted 05/21/2009  09:35 am  Show Profile   Bookmark this reply Add louie_two_bits to your friends list
Hey Eagle, not that it matters, but you state 400k two-roll sets have sold...so far the mint has sold 200,055 of the two-roll LP2 sets have sold for a total of 400,110 rolls, adding up to more than 20 million pennies.

-LTB
Pillar of the Community
United States
6326 Posts
 Posted 05/21/2009  10:04 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list

Quote:
Coin news has it at "20,000,000" coins and "400,000" total two roll sets.......same point.....same difference ! This "is" just "one" coin after all......(or two with "P" & "D")

I was trying to say something like that with this sentence from up above.... ...had it a bit wrong there......but thanks for clarifying ! ...
Edited by eaglefoot
05/21/2009 10:07 am
Pillar of the Community
United States
6326 Posts
 Posted 05/21/2009  10:16 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Still.......like the 2000 D Lincoln Memorial cent with 8,774,220,000 BILLION MINTED..............if we had only 20,000,000 or HECK !....even 90,000,000 Million minted........that's a mere "drop in the bucket" comparitively !
I don't think we should add up the entire mintage for all four different designs and from each Mint for these new Lincolns. Each design and mint (P & D) are to be looked at as different and seperate IMHO. Every three months it's a brand "new" coin.....
Pillar of the Community
United States
581 Posts
 Posted 05/21/2009  11:32 am  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list
I am almost 100% certain that there are not 20,000,000 MS-64 or above 2000-D Lincolns left and the number is going down every day.

Whereby you have millions and millions of the 2009 lincolns that will always be in their blankets. Want a bicentennial quarter? - hee hee.

Future value? Think about it.
Valued Member
United States
70 Posts
 Posted 05/21/2009  11:43 am  Show Profile   Bookmark this reply Add louie_two_bits to your friends list
On average, that's around 50,000 two-roll sets a day...and that is with some collectors ordering multiple two-roll sets (up to 5). It's alot, but not as many as one would've thought. I'm sure 150k of the 200k two-roll sets were probably sold on the first day.

-LTB
Pillar of the Community
United States
1882 Posts
 Posted 05/21/2009  12:28 pm  Show Profile   Bookmark this reply Add steve199 to your friends list
I feel like we've beaten around this bush before.


Quote:
only got that few minted it would indeed be a "modern rarity" !.


First of all, you know that isn't all that will be minted. But even so, 20 million uncirculated coins being preserved in the hands of collectors is not a rarity no matter how you spin it.

The vast majority of most coins minted in other years are destroyed by circulation.

Nonetheless, I'm glad I (theoretically) have my rolls coming my direction.

Pillar of the Community
United States
6326 Posts
 Posted 05/21/2009  1:18 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
I give up !

The "torch" is far too burdensome to carry alone, especially combating so many "facts" from people with far more experience and general coin knowledge than little ol' me ! ........

So.....I'm done now ! .......

The only thing I'll say from now on when people bring up "the excitement" and "future Lincoln values" of these or any other "Modern" coin is......... "Collect what pleases you !" or....."If you're in this for the money......get out of it tomorrow !"











OR NOT !!
.......if anybody actually believes I can keep silent on "anything" whether I'm right or wrong.......then cast your vote now ! .....

Valued Member
United States
462 Posts
 Posted 05/21/2009  1:25 pm  Show Profile   Bookmark this reply Add MtnCoinMan to your friends list
I predict ANY roll for 2009 BU one cent coins will be worth AT LEAST $100.00 in the year 2050. Will I be alive then? I hope not!
Pillar of the Community
United States
1882 Posts
 Posted 05/21/2009  1:43 pm  Show Profile   Bookmark this reply Add steve199 to your friends list
Eaglefoot, I like your enthusiasm

Pillar of the Community
United States
2541 Posts
 Posted 05/21/2009  3:42 pm  Show Profile   Bookmark this reply Add Gothic Florin to your friends list
I hope the mint doesn't up production too much!
Valued Member
United States
214 Posts
 Posted 05/21/2009  4:37 pm  Show Profile   Bookmark this reply Add OrDirtDevil to your friends list
Wonder how many of the LP1 serf have been opened already? And how many of the LP2 sets will be opened to be searched or sold on the Bay. Anyone here open any of the LP1 sets they ordered?
Bedrock of the Community
United States
17884 Posts
 Posted 05/21/2009  7:52 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
Actually it is going to be difficult to tell for awhile how many LP@ sets will be sold because once the announcement came out that there were already over 200,000 sets sold a lot of people saw their chances for flipping at obscene profits melting away and they started hitting the cancel button.
Bedrock of the Community
United States
14454 Posts
 Posted 05/21/2009  10:59 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
I actually think the bicentennial quarter analysis is a great one, everyone thought those would be the big money makers just like everyone does these cents and everyone bought them and put them away and still to this day you can buy whole bank wrapped rolls of these quarters for face value. Just think if the internet had been like it is now back then, I bet everyone would be paying stupid prices for them then also just to see them be about worthless today even in super high grades because heck just about everyone that was ever minted are still in high grades
Pillar of the Community
United States
6326 Posts
 Posted 05/22/2009  2:31 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list

Quote:
Wonder how many of the LP1 serf have been opened already? And how many of the LP2 sets will be opened to be searched or sold on the Bay. Anyone here open any of the LP1 sets they ordered?

This is actually a good point that hasn't been brought up before.
With the current anomaly of no one (or at least most can't) being able to get their hands on rolls or boxes of these new Cents......how many people will NOT be "saving" these two roll Sets ?
How many "will" open them up to look for errors, etc. etc.
To assume that all of these will be preserved and "saved" ......well......since NOBODY CAN GET ANY FROM THEIR BANKS.....THIS IS THE ONLY WAY THEY CAN GET THEM.......TWO ROLL SETS MIGHT BE GETTING TORN OPEN ALL ACROSS THE COUNTRY !
I'm curious too about how many CCF members have opened their rolls and always intended to, looking for errors and mainly because of the inaccessibility to them in any other fashion.
Edited by eaglefoot
05/22/2009 2:35 pm
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