ATTENTION: Hoard Your 2017-P Lincoln Cent Pennies !

in coin-collecting •  8 years ago 

penny.jpg

Since I was already able to amass 19 rolls of these from my (Navy Federal) Credit Union, I want to reveal this little known investment action item to all of my STEELMIT friends. This year, the Philadelphia Mint quietly released the 2017-P Lincoln Cent without disclosing the addition of the physical "P" strike on the obverse. This is the first time in the Mint's 225 year history that a Philadelphia minted coin was struck in this fashion as they have always displayed no mint mark at all. This has made the 2017-P Lincoln cent very highly sought after and I can tell you I already sold 4 (fifty cent) rolls for over $30 online. I see some are listing the penny at 2-for-a-dollar.....that is like selling a $2 bill for $100!! Anyway, I highly recommend scooping some up from your local bank - like I said your chances may be better at a credit union. $5 will buy you ten rolls if they are available - if you are lucky enough to pick up an entire box that is just $25. The uncirculated rolls from the mint look like this:
lincoln2.jpg
Happy Hoarding all!

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This is a bad post. First of all, these 2017-P cents are produced in the billions. Second of all, hoarding these cents will make them plentiful in uncirculated condition. So with a large mintage and so many surviving in uncirculated condition from hoarding, these 2017-P cents aren't rare at all. The coins that collectors value are coins with low mintages with few examples surviving in high grades. Most of the initial demand for these 2017-P cents come from the non-collecting public. I can assure you the prices of these cents will drop when the hype dies down. To me these 2017-P cents aren't worth any more than a 1 cent. Your advocacy for people to hoard these coins will only make them more plentiful.

  ·  8 years ago (edited)

Congratulations - you are the FIRST negative experience I have had here on Steemit. Clearly you did not even bother to read my post. I sold $2.00 worth of 2017-P Lincoln cents for over $30.00 and they are still selling 2-for-a-dollar on eBay. Before claiming a post is 'bad' learn to read and read it and try some math as well @monkey-boy . . .P.S. here is the relative article in Coin World that acknowledges the number obviously minted and still explains the collectivity - real or misguided...I'll keep multiplying my $$$ ten to fifty times over. Thank you very much.
http://www.coinworld.com/news/us-coins/2017/02/2017-p-lincoln-cents-generating-secondary-market-premiums.all.html#