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Replies: 22 / Views: 3,769 |
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New Member
United States
16 Posts |
Hello! Recently, I purchased $25 box with 2500 pennies from the bank, all coins are from 2019 with MS+ grading. I looked at all beautiful 50 rolls with 2019 pennies. Yeah, it is $0.01 each penny!  I am wondering if this 2500 2019 pennies would be increase valuable in the future. I am a millennial collector! I want to ask your opinion about 2019 penny with MS+ would increase through 10-20 years? Is it would increase to $5-10 value EACH penny with grading like MS67-68? I hope it would become true in the next 10 years! Thank you!
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Pillar of the Community
United States
1657 Posts |
Absolutely no way to know what will happen in the future. It is highly unlikely however that all or most would grade that high, I expect most would grade substantially lower. Another thing to remember is storing copper coated zinc cents can be touchy. Any nicks in the coins and damp or humid storage and you will have a bunch of rotting zinc that would be hard to pass off for face value.
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New Member
 United States
16 Posts |
Yes, agree with you about the future is unknown to us. However, I am young millennial, so I believe that 2019 pennies worth 1 cent each will go up to over $1-5, even 10 USD! It is very profitable!
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Pillar of the Community
Canada
3733 Posts |
if money is no object you certainly can't lose by putting them away.. but the odds of getting ms 66-67 in a roll is very low.
You may get a few, but the majority will be ms-63/64. By comparison, the last year of Canada cents 2012, are now selling for close to 100$ a box, that only cost 25$.. But that was also the last year of the Canada cents..
But in 5-10 years Your coins will still be worth at least 25$, with the possibility of a higher return..
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Pillar of the Community
 United States
8938 Posts |
To put it another way. A roll of BU 2010 Lincoln Cents had an issue price of 50c, now they're worth about $5 per roll today (or about 10c per coin). Is it possible? Yes. But in a decade that $25 investment would be worth around $250. A good profit? Yeah. But there are much better investments to be had, especially on a decade timescale.
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Pillar of the Community
United States
1274 Posts |
I wouldn't get my hopes up with these. Most are not worthy of grading. Over time they can easily develop black spots if they are not stored perfectly. If I were you I'd figure out how many fit in a small flat rate box and sell that many rolls at a time on ebay. Should be able to double your money.
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New Member
 United States
16 Posts |
Thank you for your feedbacks and opinions about my $25 penny box! How can I build wealthy with coin boxes as investments for 10 years to become millionaire?
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Pillar of the Community
 United States
8938 Posts |
Hate to be that guy, but 999/1000 times you're not gonna become a millionaire from coins. Especially not at the level you'd be investing at. If you had $500k in capital to start with it may be a bit different, but otherwise.... Technically I'm not a millenial, I'm Gen Z. Can you make money from coins? Yeah, I've made around 15-18k from coins in the last year from ebay and other sources. Good money while I'm in school and working a job, but not enough to live off of.
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Bedrock of the Community
United States
17884 Posts |
Quote: I want to ask your opinion about 2019 penny with MS+ would increase through 10-20 years? Is it would increase to $5-10 value EACH penny with grading like MS67-68? Yes they might, for graded coins. Of course it will cost you $25 to $30 apiece to get them graded to make them $5 to $10 coins.
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Pillar of the Community
United States
5823 Posts |
Might be better to invest in a blue chip stock with reinvest dividend, over that 10-20 years, you might be much better of.
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Bedrock of the Community
United States
94367 Posts |
That sums it up pretty well! 
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Pillar of the Community
Canada
3733 Posts |
Quote: But there are much better investments to be had, especially on a decade timescale. That is never for sure, no one can predict what a 25$ investment will do in 10 years, it could go negative, whereas 25$ in face will still be 25$.. And inflation doesn't matter, it would be no different than putting 25$ under your mattress, and finding it 10 years later, it is still worth 25$..
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Bedrock of the Community
United States
94367 Posts |
With umpty billions minted, i's hard to image much of a premium for these in the next hundred years or so. 
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Pillar of the Community
United States
600 Posts |
Pretty much everyone on this site loves collecting coins, so I encourage you to also do what you enjoy. If that is buying boxes of pennies, then all the power to you. I assume you are just doing this for fun, but since $25 for you might be $2500 for someone else, I'll go ahead and throw cold water on it as an investment. I'm an avid investor as well as a coin collector. Never the two shall meet. Might not be a popular opinion, but coins are a terrible investment. People that do invest in coins tend to invest in rare, high-end coins. However, there is a lot more that goes into that such as market analysis/conditions, liquidity, etc. For regular folks, it is not a good investment strategy, and any examples to the contrary (my uncle bought a $10 coin that's now worth $5000!!) are purely anecdotal. Even if you could double your money tomorrow by selling those rolls individually on ebay, you are talking about making way less than minimum wage for your trouble. Minus fees. There were 7 billion (that's billion with a B) of these made, so barring hitting the lottery with some kind of error on your coins, they will likely remain close to face value. On the plus side, unlike playing the lottery, if you lose you still have your original $25 in pennies. Minus inflation. So, if you were choosing between $25 in lottery tickets and $25 in rolls of pennies, then I do highly recommend the rolls. Bottom line, if you are having fun, that's what matters. If you happen to make a few bucks, that's a bonus. If you are investing to make money,  .
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Rest in Peace
United States
18456 Posts |
As a collector of OBW Lincoln rolls , I'm only hopping that they'll be worth something for my Grandchildren who will most likely inherit my cache as long as I can keep them pristine for the next 30 or 40 years . So far so good . 
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Bedrock of the Community
United States
10034 Posts |
Remember that rolled coins, when minted, are ejected from the presses into a bin where they hit one another. Hence a really high MS grade is very unlikely for rolled coins. Also remember money loses value over time. According to one currency deflation calculator what someone bought in 2010 for 25.00 would cost 29.40 today. So saving these and selling at face value in ten years would likely mean a similar loss of money. I note some rolls of 2010 going for 1.85 each 1.35 profit. If that profit is adjusted for 2020 value, the seller made 1.13 profit per roll...less ebay and paypal fees (presently ~12% and sure to go up in ten years as well) = .99 per roll profit. Not a very good return for 10.00. So keep them for 10 years and you can maybe make a buck per roll...if you store them properly.
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Replies: 22 / Views: 3,769 |