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Replies: 18 / Views: 2,015 |
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Valued Member
United States
373 Posts |
Is it a smart move to collect uncirculated 2008 P&D Lincoln cents, considering that next year the reverse design will change?
Between the P & D mint marks, which of these mints will be more desirable for dealers and collectors?
Of course, I am assuming when the 2009 Lincoln's are released they will be popular among collectors.
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Bedrock of the Community
United States
20753 Posts |
Very smart move considering if you could acquire more than half or better of the possible 3 or 4 BILLION of each. This would mean there would only be about 1 or 2 BILLION for everyone else. Considering there are about 300,000,000 people in the USA, about 20% collect pennies, there would only be a few each for them.   And make sure you only hoard the MS grades.  So many do things like that making some coins just not worth anything. A good example is the 31S lincoln which was hoarded and although a small mintage is just not the value it should be. In other words, NO, don't waste you money stock piling the 2008's.
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Pillar of the Community
United States
5318 Posts |
Quote: ...smart move considering if you could acquire more than half or better of the possible 3 or 4 BILLION of each Wait...that's my grand scheme!  There's only so many billions to go between a few collectors...no fair!  Lincolncollector- We're just being a bunch of jokers here. Personally, I wouldn't mind a nice BU and proof set of the last design year, but I wouldn't stockpile them myself. A better bet might be the 1909 VDB coins. Supplies are getting short because I hear someone is buying those en masse for a big, overmarketed 1909/2009 set.
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Valued Member
United States
202 Posts |
I think that it would be nice to just have, but not really a smart investment IMO. As said above, there are just too many of them.
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Pillar of the Community
United States
581 Posts |
Get a couple of rolls of the P and D mint, just so you can sleep at night. You never know, maybe a hugely sought-after error will be discovered a couple of years from now and you have the two rolls that has the error!
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Valued Member
 United States
373 Posts |
So, would collecting the 2009 Lincoln cents be a smart investment?
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Valued Member
United States
227 Posts |
I don't think so. Some Advice I was given when I started collecting a number of years ago. If your looking for an investment look big, silver, look for rarity. Lincolns would be an extremely long term investment. Myself I might buy a roll or two but not as an investment. If your looking for an investment try looking into this.
Look for a coin that you can afford to hold onto for a little while. Pick a price. Say $40 now look at all the coins in that type in the EF-MS63 (in alot of types this will require a lot more than $40) Then Look at the mintages say there are 8 years were your guide says that that coin should be worth $40. (Guide doesn't really matter because your really just looking cost to rarity comparison) Now pick the one with the lowest mintage and go to a shop or show and try and get for the best price possible. Essentially what you are trying to do is get the rarest coin possible for the least amount of money. I like the idea also forementioned by someone else of the 1909 VDB. It is I think a good investment because that year is the only year to have VDB. So if you are looking at it from strictly an investment stand point I would stay away from the really recent pennies. You won't see any appreciation on those for years.
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Valued Member
 United States
373 Posts |
Thanks to everyone for their input. I have only been collecting for 1 year now, so I have a lot to still learn.
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Valued Member
United States
442 Posts |
Hello lincolncollector, What the others said with past examples. Bicentennial quarters and halves. Unless in original rolls spend them. Even in original rolls you'd be lucky to get $15 from a dealer. Ike dollars. Same scenario. Susan B Anthony dollars same thing. Common thing here is that there will most likely be a ton of people hoarding them. May keep a roll or two myself. I wouldn't bet the farm on it but the nice thing is that you can set 20 rolls aside for $10. NOT a huge outlay of cash for sure.
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Pillar of the Community
United States
6326 Posts |
Quote: Supplies are getting short because I hear someone is buying those en masse for a big, over marketed 1909/2009 set. Oh WOW !.......now wouldn't THAT be quite the "set" to have ! OMG !Wonder how much that would go for ?!?......venture a guess ? This makes my 1909 to 1973 set feel ashamed and far short of what it should look like (other than the empty holes still) Noooooo.....!......I just had a nightmarish thought ! What if the HSN guys, the New York Mint, the Washington Mint, Littleton Coin Company, the Franklin Mint, and similar "private companies" come up with these "complete" Lincoln Sets? You KNOW that they will !...   They already offer "complete sets" in their magazines......... I can't imagine how badly they would "overvalue" this ! Even though it would be quite the impressive set and worth a considerable amount .........I'd expect them to charge 2-3 times what the set should be worth....
Edited by eaglefoot 08/20/2008 08:22 am
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Pillar of the Community
United States
1450 Posts |
I think the sets referred to would only be the 1909 and 2009, not everything in between. I can't imagine the cost to put together a marketable number of complete sets in good quality. I can't imagine who could afford to buy them either. An abbreviated set of first year and 100 years later (and possibly LAST year for the Lincoln Cent) would be cool to own!
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Valued Member
United States
429 Posts |
lincolncollector, I mainly collect Lincoln Cents as well and besides having a few rolls in higher grade it is not worth keeping for me. If it is just to collect and have, then get a few and put them away for awhile, but if it is for an investment you will not get your moneys worth. When it comes to Lincolns the investment part comes down to your semi and key dates along with very popular coins like the 1955 double die, these are coins people will always need to fill there set and have a high demand.
If you want to find a coin to invest in then you need to do some research and see what certain coins have done over the last 5, 10, 25 years and see if there is a pattern of increase on certain coins. Again, this is still a hit and miss because you have no idea what will be popular today will be tomorrow. I know that 10 years ago I would have bought a ton of Large Cents if I knew how popular copper coins would be today. I went to a show and bought a few for $6-8 that are now worth $40-75.
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Pillar of the Community
United States
2270 Posts |
The 2008 cents will be the most heavily hoarded coins in the world since the 1964 cents. Everyone knows this will probably be the last year of the design of both sides and the cent will likely be discontinued after '09 so they will be hoarded.
Set a few dimes aside if you want to take a flyer. Don't hold them forever though; if they don't go up after four years then spend most of them. Try some half dollars or quarters. Quarters sure won't be scarce but the demand will be high.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2270 Posts |
Quote:Hello lincolncollector, What the others said with past examples. Bicentennial quarters and halves. Unless in original rolls spend them. Even in original rolls you'd be lucky to get $15 from a dealer. Ike dollars. Same scenario. Susan B Anthony dollars same thing. Common thing here is that there will most likely be a ton of people hoarding them. May keep a roll or two myself. I wouldn't bet the farm on it but the nice thing is that you can set 20 rolls aside for $10. NOT a huge outlay of cash for sure. Lots of the Ikes are worth 30 or $40 per roll. The '76 type I wholesales for $90 per roll. The mint set only '73 issues are $115. It's the same with the half dollars with the highest being the '86-P at $95. Many are over $50. While bicentennial rolls are ubiquitous there are gems and varieties which will fetch over $1000 for a single specimen. Generally I agree that it doesn't pay to hold a roll or two of bicentennial quarters and they aren't even worth shipping off, but it would be wise to search them before spending the coins. Most high grade moderns come from mint sets but this isn't always true and one should be careful to know exactly what one is spending before he does. There are scarce dates and there are rare varieties.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2270 Posts |
The future value of a collectible has very little to do with mintage and everything to do with how many are saved. Like the '31-S which is fairly common because of massive hoarding some coins are scarce despite huge mintages. Perhaps the easiest example to see is the 1883 nickel. The low mintage no-cents example is worth about $8 in XF condition and $24 in unc. The with-cents version with more than three times the mintage wasn't widely saved and is worth more than ten times as much in XF and seven times in unc. Most of the moderns have been exceedingly lightly saved. In most cases it's a not only a tiny fraction of the savings on something like the '14-D cent but it's far lower in absolute terms as well. Most modern varieties are rare in uncirculated condition!! NONE of the other 20th century varieties are rare in unc. Even the low mintage 1916 overdate nickel probably isn't really rare because people set aside a few rolls of these and some overdates were found. Who set aside rolls of '72-D quarters so that the DDR could be found? Like most of the modern varieties this one is rare with only two specimens reported. People also tend to assume that all the moderns can easily be located in nice attractive condition. Ha! Think again. Try finding a nice attractive '79-D Lincoln. It's not a rare coin and people set aside many hundreds of bags and thousands of rolls. There were two and a half million mint sets. But try finding one of these that doesn't look like it went through a meat grinder. Try finding an '84-D with good surfaces. And if these are too easy then just try finding a '68 cent without carbon spots!! Some of these coins will prove tougher than the much vaunted "key dates" in nice condition. Generally they're not that tough in MS-64 and MS-65 but many get a lot tougher in higher grades.
Time don't fly, it bounds and leaps.
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Bedrock of the Community
United States
17884 Posts |
Quote: I think the sets referred to would only be the 1909 and 2009, not everything in between. Here is what I see as an advertising promotion for them. They show the value for a full set of Lincoln's and then start talking about their "complete 1909 - 2009 set of Lincoln cents with every single year for the entire one hundred years. And it will be at the amazing low price of half the price of the other company. And that is exactly what you will get a complete 1909 - 2009 YEAR set. One coin of each date, not each date and mint.
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Replies: 18 / Views: 2,015 |