Ken Kash 1237414414|%e %b %Y, %H:%M %Z|agohover
I'm sitting here scratch my head because I am really confused over the pricing of the new Lincoln cents. This is a coin that will be minted in the billions so why the craze? If you are wondering what I'm referring to here are some recent prices for a 2009 Lincoln Commemorative Cents on E-bay:
Single coin .40
One Roll - $6
Two Rolls - $13
$25 Box - $320
Huge mintage figures aside, first year type coins very rarely goes up in value. Typically, new designs are hoarded by both collectors and non-collectors alike which ensures many uncirculated examples are available for future collectors.
Of coarse the U.S. Mint can't be left out in the cold, so if you think you are going to get a better deal with the Mint think again as a two roll set will set you back $8.95. That's a 795% profit for the Mint surpassing any other rolled coin by a huge amount.
I realize prices won't break the old wallet but I think I'll just wait to get one from my local bank for a whopping price of (you guessed it) one cent :)
