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 Replies: 9 / Views: 1,011 |
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Pillar of the Community
United States
591 Posts |
I know I have heard and read that the penny will be getting a facelift in 2009. What impact is that going to have on the penny market. I know I have friends that are buying every older penny they can find in the hopes that it will drive the value up when the changes are made. Any truth to the change and how will it effect the market?
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Pillar of the Community
United States
882 Posts |
I hope they will give up the penny soon. It really serves no purpous anymore and I get tired of seeing people throw them on the street. Some say the new penny will bring more interests into the cent collecting, like the State Quarters did. They will start off with collecting the new ones then decide to get all the older ones, making the older cents rise in value. Whether this happens or not, I donno. |
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Pillar of the Community
 United States
591 Posts |
Well as I stated in another post I drive cab and collect change daily. We have guys that get pennies and chuck them in the door panels. Makes my day when I get to drive that car lol
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Pillar of the Community
United States
2269 Posts |
Obtaining the Key Lincoln's now is a good idea. They are already rising in value and should continue to rise even higher when 2009 rolls around. I can kick myself for not getting any 1932 D or S Washington quarters, before the State Quarters came out. I suspect the same thing will happen to the Key date Lincoln's. Its any one's guess what will happen to the penny after 2009. There is some talk about switching to another base metal. I read somewhere that the US Mint is experimenting with different metals. Although, It would take an act of Congress to either eliminate the penny or change the composition. The way Congress works, this might take a while. |
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Pillar of the Community
United States
1283 Posts |
I think the 2009 *news* (100 years of the Lincoln Cent) will attract even more collectors and increase the already popular "penny collections". Especially the lower grade stuff, which, unfortunately is not my Lincoln theme. I started my Wheat collection on the premise that I might want to sell if there's a huge 2009 spike. But the closer I get to finishing it, the more attached become. It's hard to just sell away the time investment and the hard work. |
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Pillar of the Community
United States
764 Posts |
1909 cents will go up the most because of promotions. interest will rise and keys/semikeys will jump up too.
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Pillar of the Community
United States
533 Posts |
I think we may see a bump in some of the key dates. I have been buying them as well as others in XF or better. I'm not doing it as a pure "investment" but have finally gotten interested in them. I guess it's all the press that the old Lincoln Cent has been getting finally got to me. In the end I just enjoy collecting them and if the price goes up then great. |
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Valued Member
United States
251 Posts |
I collect them becuase they are relatively easy to find in circulation and you can have "hours" of fun for very little $$$. I think the anniversary will cause a momentary spike in prices as people become interested in them because of the 100 years, then go down some, but not to the pre-anniversary levels. Wheats and key dates will probably see the greatest effects. I am currently working on 1 nice set for myself, and also am saving all 1982 and back copper cents.
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Pillar of the Community
United States
591 Posts |
Well I have enjoy the pennies myself as a sheer time passer. One local bank here has a change machine that people pour coins into to turn them in. Then the roll them and give the out to the public when people need change. So I grab $5-$10 dollars worth ever 3 weeks or so and sort through them pull out the keepers and then sell the others back to a different branch another town away.
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Valued Member
United States
55 Posts |
i agree 1909 cent value will most likely go up--i will have to purchase more
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Replies: 9 / Views: 1,011 |
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Posted 01/03/2008 12:36 am
