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mallardalert

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Posts posted by mallardalert

    Lincoln values when discontinued next year-please give me your 2 cents

    in Newbie Coin Collecting Questions

    Posted

    On 5/31/2022 at 7:12 PM, Mr.Bill347 said:

    Apparently the US Mint is going to begin a buy back program to attempt to reclaim the 23 trillion pennies out there. Because so many remain, and because stores wont ACCEPT them after a given date., I would expect the graded and proof and mint cent pennies to increase somewhat in value. But, because so many people have collected them for so long, it makes me doubt that. I have every penny except the 1909 S VDB so I can tell you mine are going nowhere. I don't care if I can spend them or not, That isn't why I got them in the first place. I will attempt to get in on the 2023 Proof which will be limited to 50,000, but as usual they think they can sell them for $179. Yep, the mint plans on creating more chaos!. Canada discontinued theirs without all the hype, and you can still get mint rolls of them specially wrapped which I bought for 18.99 now (24.99). So 100 10 year old mint state Canadian pennies are worth around 2.5C. Not really an investment so I wont be scurrying out to buy up all the mint rolls that I can. I might pick of three rolls of 2022 just for the memory. We have known for some time that the penny wasn't worth the cost of manufacturing. Long term, the older more rare cents should increase. That's my two cents worth. As a side effect, expect state and local sales taxes to increase to round up to the nearest nickel as well to make accounting easier for stores and cashiers. Now if they eventually make it illegal to own, that is a whole different game!

    I don't think it's true

    If you were to win the Powerball on January 1, 2022, now pegged at $500,000 (pre-taxes) what would be No. 1 on your list of numismatic treasures?

    in US, World, and Ancient Coins

    Posted · Edited by mallardalert

    On 1/8/2022 at 10:48 PM, Quintus Arrius said:

    A lot of people who win cars and vacations on game shows are unaware that taxes have to be paid on those prizes.  If you're younger, you have options: pay off your student debt, put your money in stocks, bonds, IRA's, etc.  If you are older you have options too, but they're not as palatable.  Every person you know has there own financial circumstance.  For me, realistically, I would have to seek out professional help. But don't make your problem other people's problems by tossing money around they will have to explain (and pay a tax on) in due course.   :whatthe: 

    I would pay off my student debt... I'm always thinking about how hard to pay for it for my parents. It's such big money, and I even go to work to help them. Fortunately, I found this source https://samplius.com/ with writing help, and my education didn't become worse. People must understand that we can't be as careless as we used to be. Winning the Lottery is a great thing, but it's not cancelled that all of us must work and develop ourselves.