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 Replies: 13 / Views: 1,419 |
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Valued Member
United States
152 Posts |
Poll Question
The prices of these are ridiculous, I was wondering if you guys thought they were going to calm down a little bit after the craze.
I was thinking about picking up just one set from the mint packaging but I have a hard time paying that kind of money. Do you think I should wait or get it over with before it gets worse?
So ultimately my question is "Will the price of the LP1 cents ever decrease?"
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Moderator
 United States
6563 Posts |
I will never understand the exacerbated obsession with paying an enormous amount for a coin that you could very well get in your pocket change in a month or 2.
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Pillar of the Community
United States
3098 Posts |
I actually think he's talking about the Mint Set LP1s... I'm interested, too as to how that'll turn out.
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Member
United States
917 Posts |
Its gonna be a tough one to guesstimate,the question itself is one a lot of people ask which points to demand still being there.
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Valued Member
United States
129 Posts |
The LP1 circulating cents will certainly decrease once it is more widely distributed. I just got twenty rolls from my bank... The proof Lincoln's will hold their value for a while but eventually will go the way of other overproduced mint products as the Lincoln craze wears off and people realize how many of these proof coins the mint has made. Since they are in the clad, silver, and special five coin Lincoln set coming out later this year, they will probably make around 3-4MM+.
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Rest in Peace
United States
3039 Posts |
 they're way overpriced. It's ridiculous (and stinks like old fish) how so many dealers have them to sell at 5 or 6 times face per roll but the average collector can rarely find them at a bank. |
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Rest in Peace
United States
3039 Posts |
Just returned from my local coin show. One of the dealers there has LP1s & LP2s for $7.00 a Roll ! Madness.
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Valued Member
 United States
152 Posts |
I was referring to the one's from the mint
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Pillar of the Community
United States
6326 Posts |
The prices of the LP1 Two Roll Sets "will" of course come down.......keep in mind that they were up to $120.00....and they're down considerably from that now so...... just keep waitin' my friend.....you'll get a decent price on these eventually ! ...  |
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Valued Member
United States
143 Posts |
I think so. The hype will end, I would say, in the next couple years when collectors realize they are not valuable because of the large quantity out there. Just like the 2009 nickels.... they were selling for around 10 dollars a piece when word first started circulating that they would have an extremely low mintage, now they can be bought for a dollar or two.
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Pillar of the Community
United States
5604 Posts |
I do not totally agree, the LP1 vendor wrapped rolls are 1-thing, the LP1 from the U S Mint is another, I believe they will not go down to the dirt level as 96, 000 sets is not that many.... I could be wrong, also just opinion.....
Also I agree that the Nickel and Dime, especially the Nickel is being held back on purpose and the playing field is just not level, not fair......
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Valued Member
United States
207 Posts |
oh yeah if the fed releases them all they will go down a lot. Mint roll probably will be stronger but banks rolls well let us just say 50 cents..lol
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Pillar of the Community
United States
2602 Posts |
At the recent coin show here, the dealers were selling them for $3-4.00 a roll and individuals for 25 cents each or 5/$1. They were very eager to move them out. One guy I talked to said a friend of his had landed $2000 worth of Lincoln 2009 type 1 in $25 sealed boxes at face value and that guy sold them for double face value to move them quickly.
My guess is that the prices will settle close to other BU rolls, maybe just a little higher.
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Pillar of the Community
United States
6326 Posts |
I think we are still in the infancy of the difference between "bank wrapped rolls" and "US Mint wrapped rolls".
And so I think we will "evolve" into an accepted "higher premium" for material untouched and unopened directly from the Mint.
The "hot & cold" craziness will ALWAYS be there for infinity, however, no matter what the item is.
So, that's why I think these "Mint wrapped two roll sets" will always hold some amount of premium compared to the Stringer rolls.......and once it comes all the way down.....it actually could rise again 15-20 years from now, once we have some years behind this.....in fact I bet it does. (just how much though, is impossible to voice an accurate opinion on).
Edited by eaglefoot
08/05/2009 6:36 pm
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Replies: 13 / Views: 1,419 |
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Posted 07/26/2009 01:32 am
