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Why Would Anyone Pay Nearly $6 For A 2017 Penny?

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American Coinage Buyer's Avatar
United States
84 Posts
 Posted 06/30/2017  09:15 am Show Profile   Bookmark this topic Add American Coinage Buyer to your friends list Get a Link to this Message Number of Subscribers
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BStrauss3's Avatar
United States
4587 Posts
 Posted 06/30/2017  09:25 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Stupidity?
Because if you are west of the Mississippi river you are only going to see Denver coins until they are beat up circulated examples?
Ignorance?

IDK
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
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Owned by three cats and a wife of 40+ years (joined 1983)

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United States
1180 Posts
 Posted 06/30/2017  09:40 am  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
Wow, I think it was just due to someone wanting one "now". They would have been better to buy a roll or box (if they couldn't wait to find one in circulation).
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nfine's Avatar
United States
3468 Posts
 Posted 06/30/2017  09:43 am  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
If the buyers had just scrolled down to the also viewed section they could have purchased a full roll for $4.74 postage paid.
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John1's Avatar
United States
56855 Posts
 Posted 06/30/2017  10:03 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Hype and being uninformed.
John1
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TheForce's Avatar
United States
4867 Posts
 Posted 06/30/2017  10:43 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
I still don't have any 2017 P pennies. Hard to justify paying a premium for it.
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American Coinage Buyer's Avatar
United States
84 Posts
 Posted 06/30/2017  12:48 pm  Show Profile   Bookmark this reply Add American Coinage Buyer to your friends list Get a Link to this Reply
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Guido's Avatar
United States
390 Posts
 Posted 07/01/2017  10:59 pm  Show Profile   Bookmark this reply Add Guido to your friends list Get a Link to this Reply
That is just crazy. Shipping a penny for $2.95 is just as much a scam.
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T-BOP's Avatar
United States
18456 Posts
 Posted 07/02/2017  08:22 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Probably a West coaster who really wants a P mint 2017 and can't get any in change . Still quite stupid to pay that kind of money for one of them .
My roll supplier only charges $1.95 a roll plus postage .
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Andrew99's Avatar
United States
1533 Posts
 Posted 07/02/2017  09:25 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
He could have sold it for $2 shipped and made a reasonable profit. A penny, you can put in a flip in an envelope and a stamp.
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WheatBackPenny's Avatar
United States
406 Posts
 Posted 07/02/2017  09:44 am  Show Profile   Bookmark this reply Add WheatBackPenny to your friends list Get a Link to this Reply
Compared to this, http://www.ebay.com/itm/2017-P-Linc...OSw~y9ZBTaj, six dollars is nothing. I remember a few weeks ago there was a listing for one MS67 RD 2017 P penny with a price tag of somewhere around $120, and over 20 were sold. Makes me think of how much money I could have made if I graded all my 2017 Ps!
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Mayflower2020's Avatar
United States
624 Posts
 Posted 07/02/2017  09:47 am  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list Get a Link to this Reply
additional coins ship free. maybe one person bought all 11. (not that this makes it better) but they would only pay $3 per coin, and $3 for shipping. make it like $3.50 per penny. (which is only half as bad. haha)
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basebal21's Avatar
13014 Posts
 Posted 07/02/2017  5:39 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Compared to this, http://www.ebay.com/itm/2017-P-Linc...OSw~y9ZBTaj, six dollars is nothing. I remember a few weeks ago there was a listing for one MS67 RD 2017 P penny with a price tag of somewhere around $120, and over 20 were sold. Makes me think of how much money I could have made if I graded all my 2017 Ps!


Almost certainly would have lost money blindly sending them in. 67s are harder to find than you think
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jpsned's Avatar
United States
2200 Posts
 Posted 07/07/2017  11:51 am  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
Awww, I wouldn't be too tough on the bidders. Not everybody who buys coins on ebay is a collector. The picture is stunning and shows off the design nicely. If you have an extra six bucks lying around, it's a paltry sum to pay for a nice work of art.
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cuzzx's Avatar
United States
411 Posts
 Posted 07/07/2017  7:34 pm  Show Profile   Bookmark this reply Add cuzzx to your friends list Get a Link to this Reply
went by the back today and they had two rolls of the 2017P pennies that I did pick up
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WheatBackPenny's Avatar
United States
406 Posts
 Posted 07/07/2017  7:45 pm  Show Profile   Bookmark this reply Add WheatBackPenny to your friends list Get a Link to this Reply
All of my high grade ones, I mean.
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