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 Replies: 9 / Views: 1,660 |
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Valued Member
United States
65 Posts |
Would like to get opinions on keeping uncirculated zinc cents while hunting. Just for fun I have been saving them for the past 2 years. Now that I have over 100 face saved up it has been tempting to cash them in. Most of the dates are 2012 and 2013. What do you guys think?
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Pillar of the Community
United States
653 Posts |
I've been working on 3 sets of these. They may never have a great amount of value, but they look cool in an album. I don't keep any more zincs beyond what I need for the sets, just too many minted.
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Pillar of the Community
United States
1234 Posts |
$100? Why not turn them into 20 rolls of dimes, or 50 rolls of nickels, or heck just get more cent rolls, or pick and mix... Then come back and tell us the oldest find  |
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Valued Member
United States
355 Posts |
When you say 'uncirculated zinc cents while hunting' are you talking about fed wrapped/ N. F. String and Son rolls you've received in boxes or cents OR re you talking about very nice specimens that you've found in customer wrapped rolls / re-wrapped rolls of coins after they've been circulated?
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Pillar of the Community
United States
6130 Posts |
They might be worth something on a 50+ year timescale if you can keep them from rotting. They've only been around for 32 years, and it's almost impossible to find zinc cents from 1982-1994ish that aren't completely ruined. I keep BU cents from 1990-Present if they're in a solid MS 62+ condition with no bubbling or spots, and cents 1982-1989 if they're still in decent AU 55+ shape with no tarnishing.
I'm also sitting on about $15 face of 2009 LP-1 and LP-2 cents in their original wrappers.
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Bedrock of the Community
Australia
21786 Posts |
@ mr9865:
100 face.
That's 10,000 pennies for a bank to take back.
Could be an interesting conversation with the teller.
In Australia, there would be no way a teller would take that many back, because they have been warned about CRH'ers.
I tried that quite a few years ago, and was universally refused by ALL banks.
Perhaps, in your case, they could be split up into $20 lots, and spread around five banks. Could be quite some leg work involved.
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Valued Member
 United States
65 Posts |
Turning them wont be a problem, any bank/Credit union in my area will take coins with out question. A good point is the coins are not going to double in price anytime soon. Better off just cashing them in.
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Pillar of the Community
United Kingdom
837 Posts |
Keep them for now , in 10 years time BU 2012 and 2013 zincs wont be easy to find so you can offload them as rolls to other collectors  Quote:
and spread around five banks. I always like talk of spreading money , who was it that once said Money is like manure , you spread it round or it smells ?  |
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Bedrock of the Community
Australia
21786 Posts |
If you kept $100 for 10 years, it would only have about 60% of the buying power it has now, due to inflation at 4% over the ten years.
(4% is about the average annual inflation rate over 100 years.)
Let's hope if you keep the BU rolls, the Cent will have been withdrawn from circulation by then, and you can sell them in ten years time for more than $160, just to break even.
Currently, how much could $100 face worth of ten year old rolls of BU Cents be sold for?
If you had already kept them for ten years you would have paid $160 for them, in today's values.
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Pillar of the Community
United States
1042 Posts |
Quote:
Let's hope if you keep the BU rolls, the Cent will have been withdrawn from circulation by then, and you can sell them in ten years time for more than $160, just to break even.
Currently, how much could $100 face worth of ten year old rolls of BU Cents be sold for?
If you had already kept them for ten years you would have paid $160 for them, in today's values. I don't keep my finds for me. I've got a 3 year-old granddaughter. I'm not keeping them for her. My son knows why I collect, and I can only hope that he passes on as to why I do what I do to his daughter. And that she will pass the knowledge on to her son/daughter.... If not...they can toss 'em in my coffin and let someone else yank 'em out of the ground 100 years later. |
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Replies: 9 / Views: 1,660 |
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Posted 03/20/2014 9:43 pm
