Bucket of Coins

I read where they are going to limit the rolls to a maximum of 6 rolls per time through the line. Additionally, there will be NO box sales at this event!  Does this make sense to anyone? If the demand is there go on and let people buy as much as they want and get them out of the storage areas!  All this creates is high prices for 50 cent rolls, the Mint should back two tractor trailers up the event and sell boxes to whomever wants them. I think it’s ridiculous for the Mint to not meet the demand of the public after making such a big deal about the release of these new 2009 pennies this year. Rather than hoard them in their own vaults, make them available to the public! This distribution system will continue to make the prices high and more difficult for collectors to obtain them. I guess $8.95 for a two roll Mint set of P and D won’t be so bad after all, since the Mint is obviously not about distributing the new pennies at face value!

Anyone else see the flaw in this?

I received email confirmation that my credit card has been charged and my 5 sets of the Lincoln Birthplace Log cabin roll sets have been shipped late last night. I figure they should be here before the weekend. I see where a lot of people are pre-selling these for $65 to $85 a set! I might put a set or two up for that kind of money!  So, now with those being shipped and the Mint offering subscriptions to the proof sets now, it will be interesting to see how many of copper cents they will have.  I will post photos upon receipt of my sets. Check your mailboxes and front steps!

The latest mintage numbers show that during March 2009, the Philadelphia mint produced 90 million cents while the Denver Mint produced just a mere 8 million cents.  Perhaps the small batch of Denver cents minted in March are for the US Mint D/P wrapped two roll sets available on their site? If 8 million was for these sets then 160,000 rolls are available and with the 5 set maximum…assuming that everyone ordered 5 sets means at least 32,000 people could receive them.

Adding these totals to what was produced in January and February bring the total mintages for Denver to 350.4 million and Philadelphia mint to 284.4 million.  It is unclear if these represent the last of the production of the Lincoln Birthplace cent or if it is the beginning of the Lincoln boyhood home in Indiana penny or if it’s the entire mintage for the year…stay tuned for this month’s totals.