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oober
1000+ Penny Miser Member
USA
1304 Posts |
 Posted - 10/16/2009 : 21:18:43
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Well, because it sucks in my area of the country I opened up a box of pennies to sort and it was all LP2's...
My options, well sell it on Ebay and make what, $10 after fees, shipping, or sit on it. I don't need the capital so I don't care if sits for 10-20yrs...
THought?
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fb101
Administrator
USA
2856 Posts |
Posted - 10/16/2009 : 21:29:50
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| I think like this. One of the reasons we have found so few '09 pennies in circulation is because they're all being hoarded by the box everywhere. I don't see there ever being a short supply of them. I think numismatically in 10 years the box will be worth about $50. Having said that, I could be wrong, inflation could cause them to be worth more dollars, but I think less purchasing power. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 10/16/2009 : 21:39:20
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quote:
Originally posted by fb101
I think like this. One of the reasons we have found so few '09 pennies in circulation is because they're all being hoarded by the box everywhere. I don't see there ever being a short supply of them. I think numismatically in 10 years the box will be worth about $50. Having said that, I could be wrong, inflation could cause them to be worth more dollars, but I think less purchasing power.
I'm with ya on that one, thus the quandry...
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 10/16/2009 : 22:12:43
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| take the profit buy silver |
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twocents
Penny Collector Member
398 Posts |
Posted - 10/16/2009 : 23:45:19
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I don't know what kind of averages you guys are seeing. I am finding about one LP1 and 3-4 LP2s in every roll I open here. So I would say absolutely that they are circulating. After much thought, and because I missed the initial selling hayday, I have decided to keep my unopened LP1 P-mint cents. I would rather lose the $25-50 profit I could have now than see these things blow up in the future and then knowing that I let them slip through my fingers.
(I am fully aware that these boxes could go to $25. I am just going to take my chances.) |
Just my two cents! |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 10/17/2009 : 20:12:50
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My opinion is that you missed the peak value(at least for 5 years).
May as well hold on to them for 10 or 15 years.
Me, I plan on holding mine for 50+ (if the economy hasn't collapsed ) since I am also a coin collector. |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 10/17/2009 : 20:42:29
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| i would keep them but i dont have a box so... |
Inquiring minds want to know |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 10/18/2009 : 08:31:00
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| 09's are barely circulating around here, I just did a box dated Sept 30th and got 2 LP1, 5 LP2, and 3 LP3 in the entire box. I think they are being hoarded in large quantities and will be worth more as zinc way before the numis value would rise. |
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chris6084
Penny Collector Member
303 Posts |
Posted - 10/18/2009 : 10:14:32
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| I don't think these will ever be worth much more than they are right now. Everybody is holding rolls and boxes of these, so if you are thinking 10-20 years from now, I am sure it will be pretty easy to find uncirculated rolls for very little if any premium. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/18/2009 : 12:05:10
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Will they be worth/valued what a Au or BU 1909 (give or take a VDB or an S) is worth/valued today in a 100 years?
All I know is; I wish Great-Grandpa had stashed a few sacks and some had made it down to me...
My Great-Grand Children won't have to feel that way about any of the 2009's.
When it comes to 2009's, I'm in it for the long haul. |
There's profit if you melt things!!
8{> |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 10/18/2009 : 15:03:37
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| thats a good way to look at it computer jones! as long as there are lincoln collectors these coins will always have some value. Its the same with a lot of moderns that go up and drop down. You will never be able to retire off of it but if there is a market and you want to make a quick buck sell. If not i dont think you will loose by holding on to it. There might be a lot of rolls stashed away but there are also a lot of coins that are not and are mixed in with other years |
Inquiring minds want to know |
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Topic |
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LP2 box sell or keep at this point?
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