Proposal: group purchase of 2009 Lincoln cent rolls
les.p...@gmail.com
the mint is higher than I would like to pay, but I still would like to
have uncirculated specimens for my collection.
So, I propose we pool together 10 people to purchase the rolls as a
group, thus giving each of us 5 cents from each roll, at a cost of
roughly $1.40. That, to me, is a reasonable amount of money to
spend. I realize that the price per coin wouldn't change, each being
14 x face value, but the actual sum paid is a manageable value.
Any takers? I have posted the same proposal to my blog: feel free to
reply here or there.
Thanks,
Les
http://life-of-coins.blogspot.com/
Johnny Doe
Les, I guess I figure that, yes, the price is a rip-off, but if you
aren't willing to spend less than $20 on something you really want,
you really didn't want it that bad after all. Maybe you can buy a set
of rolls and give some to your daughters class in school? Just put
them in 2X2's with a label on each saying "Bicentennial of President
Lincoln's Birth - 2009" and "Limited Edition Commemorative". They
would eat them up, at a very reasonable price for you.
mazorj
"Johnny Doe" <n...@home.net> wrote in message
news:e0jdr4t81fkrjbt33...@4ax.com...
A nice way to get younger generations interested in coin collecting!
Include a little note with each describing the series and telling them
how to go about bugging their parents... er, asking their parents to
let them look through pocket change for the remaining issues in later
months. Be sure to coordinate this with the teacher, maybe for the
next show & tell session.
Dave Allured
BU 2009 Lincoln cent rolls will probably become available through bank
channels over the next two months. There is a hint of this on the Fed
Reserve "New coins" web page. Furthermore, these will probably not
become a sellout at the mint for many months.
February 12 is still two days away.
http://www.frbservices.org/operations/currency/new_coin.html
So my advice is to hold off on your Mint order for a couple months,
because you will probably be able to get the same grade BU coins less
expensively. Possibly even for face.
Improve your chances by calling your favorite banks and making some
advance orders for a few rolls each.
--Dave
sgt23
>
> - Show quoted text -
I've already heard people are finding the new Lincolns (although very
few) in change. Just hold your horses, you will get at least one.
shreadvector
>
> - Show quoted text -
I picked up a bunch of rolls on my way home on Monday. Several banks
had them and they were all limiting people to 2 to 6 rolls at the 3
branches I visited. So far in my area they are at at least 2 different
bank chains that I know of, but therre are probably more as I did not
call them all.
Johnny Doe
wrote:
>BU 2009 Lincoln cent rolls will probably become available through bank
>channels over the next two months. There is a hint of this on the Fed
>Reserve "New coins" web page. Furthermore, these will probably not
>become a sellout at the mint for many months.
>
>February 12 is still two days away.
>
>http://www.frbservices.org/operations/currency/new_coin.html
>
>--Dave
Dave you might want to check your calendar, it seems broken...
Dave Allured
Lol! Thanks, "Johnny". My state of terminal confusion is once again
confirmed. :-(
Scratch that BS about what the Federal Reserve posted, except that at
least they confirm that they will be distributing the new cents. I
still feel that coin #1, Lincoln Birthplace, should be hitting many
banks within the next month; based on the US Mint release ceremony and
release date, also a few early appearance stories from around the
country.
--Dave
Johnny Doe
wrote:
Hey, don't worry, happens to me all of the time!
I happen to know exactly when they will be hitting my local banks:
8 days after my order from the mint comes in. :-(
jack
"les.pet...@gmail.com" <les.p...@gmail.com> wrote in message
news:b328c6f6-3031-4bea...@g38g2000yqd.googlegroups.com...
where are the lincoln pennies on the mint website?
mazorj
"jack" <sasd...@lkuy.com> wrote in message
news:iUXtl.2562$gm6....@nwrddc02.gnilink.net...
I think they go on sale Friday.
PC
"mazorj" <maz...@erols.com> wrote in message
news:g0Ytl.2563$gm6....@nwrddc02.gnilink.net...
>
>>
>> where are the lincoln pennies on the mint website?
>
> I think they go on sale Friday.
>
At prices that would make a loan shark blush.
Dave Allured
http://www.usmint.gov/mint_programs/lincolnRedesign/
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=999
http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProdschedView?storeId=10001&catalogId=10001
They will not show up in the on line shopping section until probably the
morning of March 13, which is the numismatic roll release date.
--Dave
mazorj
"PC" <P...@Minneapolis.mn.us> wrote in message
news:gpa0at$2at$1...@news.motzarella.org...
A 44% "vig" on a $25 roll of presbux would be illegal in
most states if it were a loan. Not only does that not make
any sense given that they already make money on the
seigneurage, but if you order a box of ten rolls, you get
them at face!
Bruce Remick
I don't understand the rush to be among the first to buy rolls of these new
Lincolns from the Mint. I could see trying to be there to get a roll or
two at face value from a local bank. But if one is willing to pay a premium
for these things, they will still be available on the secondary market for
at least the next couple of decades at the same price the Mint is charging,
so there should be no need to lurk at the Mint website watching the clock.
Johnny Doe
wrote:
>I don't understand the rush to be among the first to buy rolls of these new
>Lincolns from the Mint. I could see trying to be there to get a roll or
>two at face value from a local bank. But if one is willing to pay a premium
>for these things, they will still be available on the secondary market for
>at least the next couple of decades at the same price the Mint is charging,
>so there should be no need to lurk at the Mint website watching the clock.
Sure, like the 2002 to 2008 Sac rolls selling for $50 to $100 and more
on eBay?
Bruce Remick
selling to uneducated suckers with more money than brains, and who don't
have the time or ambition to locate them elsewhere nearer face value. At
least there is some justification there, considering those Sac's weren't
widely available in circulation. Not quite the same as Lincoln cents.
How are those exciting 2004 and 2005 Jefferson Nickel rolls doing? And
those 1959 Lincoln Memorial cent rolls people put aside fifty years ago?
mazorj
"Bruce Remick" <rem...@cox.net> wrote in message
news:2T7ul.84111$RJ7....@newsfe18.iad...
Unless you plan to troll for hot-to-trot suckers on eBay.
PC
> I don't understand the rush to be among the first to buy rolls of these new
> Lincolns from the Mint. I could see trying to be there to get a roll or
> two at face value from a local bank. But if one is willing to pay a premium
> for these things, they will still be available on the secondary market for
> at least the next couple of decades at the same price the Mint is charging,
> so there should be no need to lurk at the Mint website watching the clock.
In three years you will be able to get high graded proofs and business
strikes (if that is your thing) for less than half what people will be
paying this year. It is just silliness. We have become an instant
gratification society.
Mr. Jaggers
Hey, don't be knocking instant gratification! 8>)
James
'planning to be around in 2012, but ya never know...'
mazorj
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:gpb83...@enews5.newsguy.com...
The problem with instant gratification is that most of the time,
that's about how long it lasts.
- mazorj
'I eat dessert first - because then you can have a second one at the
end of the meal.'
Dave Allured
Yup. As expected, Lincoln rolls showed up at one of my local banks
yesterday. Same game as Fred mentioned, limit 2 rolls per person. I am
expecting the limit to be raised after the second wave of orders comes
in.
--Dave
Johnny Doe
wrote:
>shreadvector wrote:
Where are your local banks? Anywhere near Ohio?
les.p...@gmail.com
What seems like a reasonable idea at the time has devolved into a
"what
was I thinking?" moment. Thank you for saving me from myself with
your collective wisdom. I will start calling the local banks to see
if they
have them, or when they expect to.
Jerry Dennis
>
> How are those exciting 2004 and 2005 Jefferson Nickel rolls doing?
I was just thinking about that while reading this thread. All the
hype about the Louisiana Purchase nickels was for naught. I've got
about five rolls of each design from Philadelphia and Denver.
Original cost? $2 per roll. Current value? $2 per roll.
Jerry
Bruce Remick
"Jerry Dennis" <JDen...@aol.com> wrote in message
news:c5615718-9dfc-4333...@s20g2000yqh.googlegroups.com...
Jerry
At least they held their value better than most peoples' 401K.
Dave Allured
Over here in Colorado. You get Philly coins, we get Denver. Good luck
there.
--Dave
Jon Purkey
Some of the US Mint Wrapper roll sets, such as the early state
quarters, have gone up in value, esp. when the boxes are still sealed.
But it is a gamble since other roll sets have gone down in value. I
bought a set of WV rolls for $19.60 + shipping a couple months ago.
I do plan to buy the four Lincoln Cent roll sets this year when I am
ordering something else. I will probably keep the boxes sealed and
hope the Mint did not make a packaging mistake.
I'll get the actual single coins for my collection and Lincoln Cent
folder when the 2009 Mint Set is released.
Dave Allured
Glad to help. Yesterday I was able to liberate 3/4 of a box ($18) of BU
log cabin cent rolls from my favorite local bank. With a reported
mintage of 537 million so far, these are NOT going to be very hard to
find in another few weeks.
--Dave