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Investment 2019 Pennies?

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New Member
United States
13 Posts
 Posted 07/08/2020  4:47 pm Show Profile   Bookmark this topic Add Joonhokim95 to your friends list Get a Link to this Message
Hello!

Recently, I purchased $25 box with 2500 pennies from the bank, all coins are from 2019 with MS+ grading. I looked at all beautiful 50 rolls with 2019 pennies. Yeah, it is $0.01 each penny! I am wondering if this 2500 2019 pennies would be increase valuable in the future. I am a millennial collector! 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? I hope it would become true in the next 10 years!

Thank you!
Valued Member
United States
483 Posts
 Posted 07/08/2020  5:01 pm  Show Profile   Bookmark this reply Add lcutler to your friends list Get a Link to this Reply
Absolutely no way to know what will happen in the future. It is highly unlikely however that all or most would grade that high, I expect most would grade substantially lower. Another thing to remember is storing copper coated zinc cents can be touchy. Any nicks in the coins and damp or humid storage and you will have a bunch of rotting zinc that would be hard to pass off for face value.
New Member
United States
13 Posts
 Posted 07/08/2020  5:10 pm  Show Profile   Bookmark this reply Add Joonhokim95 to your friends list Get a Link to this Reply
Yes, agree with you about the future is unknown to us. However, I am young millennial, so I believe that 2019 pennies worth 1 cent each will go up to over $1-5, even 10 USD! It is very profitable!
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Canada
2967 Posts
 Posted 07/08/2020  5:37 pm  Show Profile   Check silverwolf's eBay Listings Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
if money is no object you certainly can't lose by putting them away.. but the odds of getting ms 66-67 in a roll is very low.

You may get a few, but the majority will be ms-63/64. By comparison, the last year of Canada cents 2012, are now selling for close to 100$ a box, that only cost 25$.. But that was also the last year of the Canada cents..

But in 5-10 years Your coins will still be worth at least 25$, with the possibility of a higher return..
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7228 Posts
 Posted 07/08/2020  5:47 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
To put it another way. A roll of BU 2010 Lincoln Cents had an issue price of 50c, now they're worth about $5 per roll today (or about 10c per coin). Is it possible? Yes. But in a decade that $25 investment would be worth around $250. A good profit? Yeah. But there are much better investments to be had, especially on a decade timescale.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
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887 Posts
 Posted 07/08/2020  5:53 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
I wouldn't get my hopes up with these. Most are not worthy of grading. Over time they can easily develop black spots if they are not stored perfectly.

If I were you I'd figure out how many fit in a small flat rate box and sell that many rolls at a time on ebay. Should be able to double your money.
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 Posted 07/08/2020  6:08 pm  Show Profile   Bookmark this reply Add Joonhokim95 to your friends list Get a Link to this Reply
Thank you for your feedbacks and opinions about my $25 penny box! How can I build wealthy with coin boxes as investments for 10 years to become millionaire?
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7228 Posts
 Posted 07/08/2020  6:56 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Hate to be that guy, but 999/1000 times you're not gonna become a millionaire from coins. Especially not at the level you'd be investing at. If you had $500k in capital to start with it may be a bit different, but otherwise....

Technically I'm not a millenial, I'm Gen Z. Can you make money from coins? Yeah, I've made around 15-18k from coins in the last year from Ebay and other sources. Good money while I'm in school and working a job, but not enough to live off of.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
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16798 Posts
 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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158 Posts
 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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