eBay sellers making a killing on rolls of 2009 Lincoln cents
Johnny Doe
Get your bids in, $25 boxes of 50 rolls bid up to $265 with 2 days
left!
Single rolls bid up to $25.01 currently.
How long before sanity shows its ugly face and secondary prices drop
to a reasonable rate?
stonej
Not sure, probably won't be too long. As for me I will only get
them from circulation, just like the state quarters,
I refuse to pay anything over face value for modern coins like that.
Jon Purkey
It the mint planning to sell numismatic quality rolls of the Lincoln
Cents?
Mr. Jaggers
What do you mean by "numismatic quality" rolls?
James
PC
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:gn7gg...@enews2.newsguy.com...
>>
>> It the mint planning to sell numismatic quality rolls of the Lincoln
>> Cents?
>
> What do you mean by "numismatic quality" rolls?
>
You know, the ones with the fancy and way cool wrappers that you can only
get from the US Mint. The ladies dig them.
Dave Allured
You are talking about the US Mint? What do you mean by "planning"?
--Dave ;-)
Mr. Jaggers
Put me down for 100 rolls.
James
malanu...@aol.com
> PC wrote:
> > "Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
> >news:gn7gg...@enews2.newsguy.com...
>
> >>> It the mint planning to sell numismatic quality rolls of the Lincoln
> >>> Cents?
>
> >> What do you mean by "numismatic quality" rolls?
>
I read, and have been reading long before the new cents came out, that
they are going to mint copper (or they sometimes call it bronze, due
to a dash of zinc in the copper) 2009 Lincoln cents (new designs of
course) for collector sets. Sounds neat that they are actually minting
copper cents again, even though they are not for general circulation.
Or do they mint copper cent for every year's numismatic sets?
(1983-2008?) Now I'm curious of that, now that I thought to ask.
Mr. Jaggers
First of all, the addition of zinc to copper makes brass; throw in some tin
and you make bronze.
The cents in collector sets since 1982 have been copper-plated zinc, which
is not brass, as the two metals are not alloyed. I suppose that if you
melted some down and stirred them around enough, you could call the
resultant blob of metal brass, but you'd be stretching it big time.
Since collector sets have such an excessive markup, the Mint could afford to
make the component coins out of more costly alloys. But they normally
choose not to. The 2009 collector cents in bronze, if they are made, will
be an exception designed to massage the hurt feelings of traditionalists. I
just hope that some politician doesn't decide that we need to have a 2009-S,
V.D.B. Lincoln cent.
James
Ned
Johnny Doe <n...@home.net> wrote:
>
> They will only make, what, about a billion of each design?
>
> Get your bids in, $25 boxes of 50 rolls bid up to $265 with 2 days
> left!
>
even worse: 5 rolls + postal stuff from the Lincoln
birthplace postal station currently a $200+ auction -
http://xrl.us/Lincoln2009
Johnny Doe
wrote:
I didn't hear anyone "talking". What do you mean by "US Mint"?
;-(0)
"I'll be here till Thursday, try the veal"
Jon Purkey
Yes, those are the rolls. The term numismatic quality comes from the
description of the direct-ship / circulation grade rolls.
Some of the earlier US Mint wrapper state quarter rolls do sell for a
premium over the initial price. But that is not a guarantee, esp. with
later issues. I recently bought a WV US Mint set for $19.61. Anyway, I
might pick up a couple Lincoln rolls if the markup isn't too much.
Although I won't pay $32.95 for $1 worth of coins, I might go $5 - $7.
Mr. Jaggers
Well, when I think "numismatic quality" I think of coins that are retrieved
from the out chute in a gloved hand and set aside for packaging so that they
don't come into contact with other coins. A quick eyeball of a Canadian
mint set suggests that to be the method used north of the border. A quick
eyeball of a U.S. mint set, which is sold at "numismatic quality" prices,
suggests that not to be the method used in the U.S. I'm just sayin'...
James
mazorj
"Jon Purkey" <room32...@verizon.net> wrote in message
news:mmsgp499oseuq6gcn...@4ax.com...
...
> Some of the earlier US Mint wrapper state quarter rolls do sell for
> a
> premium over the initial price. But that is not a guarantee, esp.
> with
> later issues. I recently bought a WV US Mint set for $19.61. Anyway,
> I
> might pick up a couple Lincoln rolls if the markup isn't too much.
> Although I won't pay $32.95 for $1 worth of coins, I might go $5 -
> $7.
The one that torques me is paying $32.95 for $20 rolls and $35.95 for
$25 rolls of whatever. (Bags have similar mark-ups, too. The special
program for $250 lots of Prez dollars is the only exception.) It's
not like these coins are choice specimens or have have gotten any
special handling beyond the usual rattling around in bins as business
strikes prior to rolling. Rolls are a bit heavier to ship than sets
or placard-mounted specimens, but except for larger numbers of rolls,
the $4.95 shipping defrays or covers that cost. Eventually you are
able to get most of these items at the bank in contractors' rolls at
face value. IMO they should be selling Mint-wrapper rolls at no more
than a $5 mark-up over the $20 or $25.
Even the exorbitant Mint mark-up on gold and silver coins makes a
limited amount of sense because theoretically their PM value
eventually can catch up with the purchase price. Can you imagine
pricing clad base-metal coins for a melt value above their face value,
let alone their numismatic value?
Jon Purkey
There used to be some videos on the mints website showing how coins
were made. Even the production and assembly of proof sets appeared to
be mostly automated from what they showed.
Ned
<fb19543d49c14f38...@pseudo.borked.net>
Ned <nob...@pseudo.borked.net> wrote:
>
> In article <6g4ep419p6eoqd7anbs4g4m037lnkvd...@4ax.com>
Winning bid $560 - amazing!
Johnny Doe
<nob...@pseudo.borked.net> wrote:
Ned, I'm honored to have your response in a thread that I started
Have a great day!