Will 2009 Lincoln's be more widely hoarded by people than the State Quarter series?

RunnersDad

Do you think that the 100 year anniversary of the Lincoln Cent/New Reverse design will lead a larger number of people, collector's and non-collector's alike, to hoard more 2009 Lincoln's than the State Quarter Series?

OneCent

Yes, I do think that a large number of 2009 Lincoln's will be hoarded.

The question is WHEN will they be available to hoard. A great majority
of them may not be released until years down the road.

21Walker

I would suspect that the first and possibly the second in the series may well be hoarded. But as the year rolls on and people see there is no premium on them, they may well forget or not care about the last 2 in the series as far as hoarding............JMHO.............Rick

adamlaneus

I guess some people can spot a bargain when they see it. They sell for well above spot right now. So far, I have not spotted one in circulation, but I have a spot saved for it in my Dansco album. Chances are, the first one I see will be full of spots.

BECOKA

In this economic environment I bet they will be hoarded in vaults by the government. Seems that many banks don't want to even try to get them with so many cents available.

21Walker

I guess some people can spot a bargain when they see it. They sell for well above spot right now. So far, I have not spotted one in circulation, but I have a spot saved for it in my Dansco album. Chances are, the first one I see will be full of spots.

What Dansco album do you have that will house all 4 plus proofs????????????? Mine only shows PD &S...............Rick

OPA

Absolutely .... less expensive...but there are not enough minted for everyone in the US... (Mint claims only 240 million to date)

holeinone1972

Yes!

cladking

It only takes 50c to set aside a roll or a brick for $25.

Yes. They will be hoarded in huge quantities.

Wiscane

At first...........
Look at the crazy prices on Ebay and watch the drop late next week when local banks start to receive shipments. I contacted several banks in Central Florida today and most said they ordered the new cent earlier this week or will do so shortly. They also mentioned ordering the new dollar( I don't collect dollars so I didn't ask about it)

RunnersDad

<< <i>It only takes 50c to set aside a roll or a brick for $25.

Yes. They will be hoarded in huge quantities. >>



I didn't think about it in that regard. Far cheaper to hoard pennies than state quarters.

lkeigwin

<< <i>

<< <i>It only takes 50c to set aside a roll or a brick for $25.

Yes. They will be hoarded in huge quantities. >>



I didn't think about it in that regard. Far cheaper to hoard pennies than state quarters. >>

Yup! And only four versions, not 50.
Lance.

ProofArtworkonCircs

<<At first...........
Look at the crazy prices on Ebay and watch the drop late next week when local banks start to receive shipments. I contacted several banks in Central Florida today and most said they ordered the new cent earlier this week or will do so shortly. They also mentioned ordering the new dollar( I don't collect dollars so I didn't ask about it) >>

Which new dollar? One local bank has Harrisons already. I find banks have no knowledge of the new Native American dollar.

Deagle74

4 sure!!

aus3000tin

The common person may hoard the regular business strike, but I think the real money to be made will be the mint set and proof set Lincoln cents.

I hear those will be made with the original copper percentages.

Thanks,

Chris

PipestonePete

If the press ever announces the prices that are being realized on Ebay.

DeepCoin

I am guessing they will be released later in the year by the FRB to banks. I believe the FRB has all the cents they need right now and will not be sending the new ones out until later this year. The economic downturn is most likely affecting coin distribution as well.

My guess is the coin exchange program by the Mint is where the few coins that are out there were acquired. As billions were minted, it will be a while, but they will be plentiful later on this year. Overpaying right now for something that will be common in a short while seems to be a mistake to me.

tahoe98

<< <i>If the press ever announces the prices that are being realized on Ebay. >>





............you're right! wait till katie couric does a story on them!

barbershopper

I don't think so. I only got the state quarter set because there was no alternative.
I don't think there are nearly as many people interested in buying large quantities of new Lincolns.
JMHO
JT

pf70collector

I am waiting for the first day coin covers for the lincoln similar to the first day of issue state quarters. If the mint does them they would be a big hit I believe. Can always hope.

MajorDuty

<< <i>At first...........
Look at the crazy prices on Ebay and watch the drop late next week when local banks start to receive shipments. I contacted several banks in Central Florida today and most said they ordered the new cent earlier this week or will do so shortly. They also mentioned ordering the new dollar( I don't collect dollars so I didn't ask about it) >>



My bank did the same thing and what they were sent were old cents. Keep an eye out for that as what I am hearing is there are no guarantees the banks are actually receiving the new cents. If your does, buy bricks of them, then PM me ;-]