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 Replies: 27 / Views: 2,732 |
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Pillar of the Community
United States
2271 Posts |
I went for the last option.
There should be a larger and more sustained increase when they go out of production.
Could this happen as soon as early next year and the 2009 issues be mint set only?
Time don't fly, it bounds and leaps.
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New Member
United States
16 Posts |
I think the price of copper is going to do more to drive up Lincoln values than the special 2009 pennies in the next several years. When the mint gets around to reformulating the metal content and lifting the melt ban, those pre-82's are likely to disappear from circulation in a hurry. How much numismatic value will disappear as well?
If you look around the copper penny hoarding community, you know how large scale some of those guys are already operating.
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Pillar of the Community
United States
1000 Posts |
I voted no.
In my opinion which is far from expert, I think that the penny has one thing against it compared to the Quarter example and that is material.
It may gain in popularity which will slightly affect price, but I don't think you will have the "collecting investors" drawn to the penny, like you have with gold and silver coins.
Just a thought.
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Pillar of the Community
United States
1283 Posts |
quote:
It may gain in popularity which will slightly affect price, but I don't think you will have the "collecting investors" drawn to the penny, like you have with gold and silver coins.
That depends. There are those who invest in precious metals and those who invest in numismatics. I used to poo poo the Lincolns, including the S-VDB (although I was always drawn to them). Look at prices vs mintages. It's insane. The 09-S VDB is inanely expensive and nearly a half a million were minted. But when I looked at the historic value, it seemed to NEVER decline. Year after year, decade after decade it keeps gaining ground. Then it dawned on me to never underestimate the "demand" side of the equation. Now I'm an avid collector of Lincolns. |
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Pillar of the Community
United States
2540 Posts |
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Bedrock of the Community
United States
19952 Posts |
quote:
That depends. There are those who invest in precious metals and those who invest in numismatics. I used to poo poo the Lincolns, including the S-VDB (although I was always drawn to them). Look at prices vs mintages. It's insane. The 09-S VDB is inanely expensive and nearly a half a million were minted.
What's insane is the proof Lincoln prices. Compare them to the SVDB price and you'll see. Hell, I can buy a 1937 proof with about 9900 mintage for $130 but an SVDB with 500,000+ mintage sells for $1000? Tell me that makes any sense!  Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
2764 Posts |
I voted Possible.
Well, "skyrocket" is kinda wishful thinking; BUT the price will definitely go up, in the range of 25%-50% increase (within 1 year) once the media focus on the release of the cent....
I guess that the main reason for proof price to be "under-valued" is because up to 90% of them are in collectors' hands and they keep those coins in good condition - therefore, you will see a lot in high grade. Not only that, since the mint didn't make proof cents every year and there were not much media coverage regarding the proof cents. Most people see cents in circulation are non-proof (ie: most don't even know if the proof cents exist or how they look like).............. BUT you never know; one day, all those proof cents will wakeup and run.....
Once I conquer the business trike album of Lincoln cents, I'll go for proof.
BTW: I am having a tough time finding a Lincoln Cents Album for both business and proof (Dansco 8100 or similar version). Please help.
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Pillar of the Community
United States
1283 Posts |
quote:
Hell, I can buy a 1937 proof with about 9900 mintage for $130 but an SVDB with 500,000+ mintage sells for $1000? Tell me that makes any sense!
It's actually 484,000 mintage, but to your point, supply AND demand. That's why I said never underestimate the demand side of the equation. It's one of those coins that ANY cent collector would love to have, other coins are often compared to it and many non-collectors have even heard of it. |
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Pillar of the Community
United States
1283 Posts |
quote:
Hell, I can buy a 1937 proof with about 9900 mintage for $130 but an SVDB with 500,000+ mintage sells for $1000? Tell me that makes any sense!
IT MAKES CENTS TO ME!! sorry, I had to. |
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Bedrock of the Community
United States
14454 Posts |
I agree that the keys and semi-keys may increase some but the everyday out of pocket pieces will always be a everyday pocket piece and easily just plucked out of pocket change you got from the local convenient store to almost build a complete set. I even got a 1917-D in change yesterday, I thought it was rather old for circulation so I looked through my change jar just to see the average date of the coins I had received from pocket change and after only about 2 minutes looking I found 3 more 1917 cents so it must not be as rare of a find as I thought, just this one caught my eye where the others didn't.
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Bedrock of the Community
United States
19952 Posts |
You're one very lucky guy. I also have a large container I toss change in and I go through it about every 2-3 years before I cash it in......I've NEVER found anything like that. Finding three 1917's is a major accomplishment in my books. I've yet to find a single wheat in that.
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New Member
United States
24 Posts |
Morgan Fred, yeah, just like the State Quarters did not bring in any new collectors and increase demand, the price increases of older issues steadily since the new quarter program exactly proves your point !! |
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Replies: 27 / Views: 2,732 |
First Page
Posted 10/18/2007 11:13 am
