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How many sets will be sold?

Are you pawing the ground to get your order in to the U.S. Mint for the four-coin set of 2009 Lincoln cents when they become available next week on Aug. 26?

The price is just $7.95 each, making it one of the most affordable offerings this year.

However, there are only four cents in the set. If you figure the relationship of face value to price, you get a staggering 198.75 times face value – and that is without figuring in the $4.95 per order handling charge.

Will anyone be making that calculation?

Who am I to ask?

I didn’t think that so many people would think $8.95 was too much to ask for a two-roll set of Lincoln cents. Now I know better.

Perhaps mollifying that crowd is the fact that the cents in the set will be made of the historical bronze alloy that was used in 1909. That is 95 percent copper and five percent tin and zinc.

Even Alan Herbert, who is a purist in his description of bronze in his Coin Clinic column, will be happy with the return of the historical alloy as opposed to the more recently used 95 percent copper five percent zinc alloy that is brass.

See, Alan? You have managed to teach me something after all these years.
But now I have to go figure out how many sets of those proof bronze cents I want next week.

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2 Responses to How many sets will be sold?

  1. Brad says:

    It’s a relatively tiny investment with a lot of upward potential, provided the Mint puts the lens in a specially-decorated box (which certainly they will) and provides a separate COA (which will also most certainly happen.)

    What makes it less appealing from a financial perspective is the 5 set order limit. One nice thing about ordering from the Mint is that the $4.95 s/h charge per order is a flat fee, regardless of how many items you order. With the exception of very hot items that sell out within hours of their release, a collector can wait until several products they want have been released, and order them all in one order for only one $4.95 charge. In the event a buyer wants to place an order for ONLY the Lincoln Penny proof sets, the extra cost per unit will be .99 cents. If the order limit were higher or did not exist at all, buyers could get up to 99 sets in one order for the same $4.95 s/h charge. That would only add a nickel to each sets’ cost. If we use friends or family to get around the order limit (wait, we never do that!), we will still have to pay the extra .99 cents per set.

    However, any way you slice it, these sets will be winners, both short and long-term. It’s such a tiny investment, it won’t even hurt to sit on these. As dumb as it is, the "partial" proof sets like these sometimes end up being worth MORE money than the full year’s set! It’s all about PACKAGING. We as collectors have proven time and time again that we are willing to shell out obscene amounts of money for special packaging.

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