| Author |
 Replies: 9 / Views: 4,540 |
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Valued Member
Canada
371 Posts |
I have noticed that the 2011 business strike pennies are selling at a substantial premium on ebay. I know that this might be the last (or one of the last years for the penny), but it seem like people are jumping the gun a bit. The last time I checked, there was no concrete decision to eliminate the penny. All I'm saying is it might be better to hold off on buying one...especially at 500% of face value! |
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Pillar of the Community
United States
1150 Posts |
Good observation. There will be NO shortage of these pennies in wonderful grades, ever. Therefor these will always be available in nice conditions, and this equals a cheap coin. Just like the 2009 and '10 cents. Don't jump the gun and pay huge premiums for coins that will never give you a full return on your investment. Have patience and buy when the prices have come down to reasonable levels...such as face value!
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Pillar of the Community
Canada
902 Posts |
Absolutely right mitch. Don't go by what prices people want on ebay. |
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Pillar of the Community
United States
4989 Posts |
ebay is full of moron buyers I'm seriously thinking I should just quit my job; maybe that is where all the dollars the federal reserve prints go
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Pillar of the Community
Canada
617 Posts |
I remember when they stopped making the dollar bill, It seemed like everyone was hoarding them, yet most are not worth very much today. I think the same thing will happen to the penny.
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Valued Member
Canada
89 Posts |
There will be more 2011 cents in the future for less price.
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Pillar of the Community
Canada
3692 Posts |
I thought that new coins came out in the springtime. This is rather soon!
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Pillar of the Community
Canada
902 Posts |
The uncirculated mint sets are still 23.95 this year
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Pillar of the Community
Canada
3692 Posts |
Canadian dollar bills.... sigh, check the forum topic
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Pillar of the Community
Canada
617 Posts |
The Loonie was introduced in '87 to replace the 1 dollar bill but think the dollar bill was kept in circulation until '89.
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Replies: 9 / Views: 4,540 |
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Posted 01/18/2011 12:04 pm
