Lincoln Cent Presidency 50c Rolls Selling for $15

by on November 16, 2009 · 2 comments

Lincoln Presidency CentEach of US Mint’s four 2009 Lincoln Cent ceremonial launch events were unique, but all have been similar in offering opportunities for the attendees to make money.

Following the Presidency cent launch in Washington, D.C., on Thursday, Nov. 12, rolls of the new pennies began to appear on the secondary market from those who were there to experience the launch.

A decent profit has been seen by resellers who waited in line to exchange cash for the new Presidency rolls, and then waited in another line to have them stamped and canceled by the US Postal Service as proof they were issued on the day of the ceremony.

In analyzing 56 completed eBay auctions between Nov. 13 and Nov. 15, the average sold price per 50c roll was just four cents shy of $15.

However, in breaking the numbers down further, the three day trend indicates that the prices declined from original highs. The first five completed auctions had prices of between $15.51 and $21.52, with as many as 13 bidders per roll. By Sunday, there were more auctions (37 closed), fewer bidders per (3.2 on average), and the average price moved toward $14.40 a roll — several sold for $9.99.

To check out current listing prices and bids on eBay, see: Stamped/Canceled Presidency Cent rolls on eBay

The rolls were purchased on the day of the ceremony, and are bank-wrapped with 50 circulation quality coins struck at the Mint’s facility in Philadelphia.

US Mint wrapped Lincoln Presidency two-roll sets, with 50 coins from Philadelphia and 50 from Denver, are also available directly from the US Mint website for $8.95, plus a $4.95 shipping and handling fee.

The design on the reverse of the final 2009 Lincoln cent with the Presidency theme features an unfinished United States Capitol dome, as it would have appeared when Lincoln first took office as President. It was designed by U.S. Mint Artistic Infusion Program Master Designer Susan Gamble and was sculpted by U.S. Mint Sculptor Joseph F. Menna.

{ 2 comments… read them below or add one }

the x November 18, 2009 at 5:32 pm

i got one roll from the bank and sold it for $10.

w November 28, 2009 at 2:51 pm

who would pay that.

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