Wow! 1989 Lincoln Cent As A Bullion Investment!

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Author	Replies: 9 / Views: 1,693
Pete2226 Pillar of the Community United States 3331 Posts	Posted 10/18/2015 09:42 am I just stumbled on a site (I don't think that I am allowed to post the URL). It makes this claim: Quote: The 1989 Lincoln Penny offers the masterful combination of bullion investment and numismatist appeal. A great many investment experts consider precious metals a wise purchase for your investment portfolio. A 1989 Lincoln Penny provides you with a safe and cost-effective way to accumulate precious metals to your collection while providing a potential hedge against inflation. Caveat Emptor! Report this Post to the Staff

OspreyCoins Pillar of the Community United States 932 Posts	Posted 10/18/2015 10:10 am Quote: with a safe and cost-effective way to accumulate precious metal More like a way to get scammed with base metals. Report this Post to the Staff
OspreyCoins Pillar of the Community United States 932 Posts	Posted 10/18/2015 10:18 am That is too funny Report this Post to the Staff
LegendInTheMakin New Member United States 15 Posts	Posted 10/18/2015 12:43 pm They had the same description for a 1989 Canadian quarter. It must just be a generic description. Misleading nonetheless. Report this Post to the Staff
chipjones Pillar of the Community United States 819 Posts	Posted 10/18/2015 2:20 pm maybe everyone should sell them our 1989 pennies. Report this Post to the Staff
Pete2226 Pillar of the Community United States 3331 Posts	Posted 10/18/2015 2:25 pm Quote: maybe everyone should sell them our 1989 pennies NO WAY!! Now that I know that they are precious metal, I am hanging on to mine...heading to the bank vault first thing in the am! Report this Post to the Staff
Crouse27 Valued Member United States 50 Posts	Posted 10/18/2015 2:55 pm Lol. Yesterday I was shocked to receive an unblemished perfect red 1988 cent in my change. I set it aside but not as a bullion investment. Report this Post to the Staff
Pete2226 Pillar of the Community United States 3331 Posts	Posted 10/18/2015 2:57 pm Quote: I was shocked to receive an unblemished perfect red 1988 cent in my change. I found similar just now...a 1969! Amazing what is still around isn't it? However, that does not happen very often for me! Report this Post to the Staff
january1may Pillar of the Community Russian Federation 5178 Posts	Posted 10/18/2015 3:13 pm IIRC, nice 1969 cents are actually more common than nice 1988 cents; the later ones tend to tarnish very easily. Nice 1983 cents, however, are much less common than either. Report this Post to the Staff
john100 Pillar of the Community Canada 5324 Posts	Posted 10/18/2015 3:30 pm You mind as well go to Home Depot and buy a roll of copper wire on sale. Report this Post to the Staff
	Replies: 9 / Views: 1,693

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