Another Lincoln set?!?!

[L1ncolnF4n]

https://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&storeId=10001&productId=15955&langId=-1

 

Now they seem to be repackaging things and bumping up the prices...anyone think that this set is worth investing in?

 

Cheers and happy Friday!

L1ncolnF4n

[Coindude]

There's been a lot of buzz around about this set. If you aren't interested in it.... purchase one for me.... I'll take an extra!

[Old Pueblo]

50,000 sets ???Hmmmm

Is there going to be a complete 20 coin "all Varieties" set to follow?

[DC Dawg]

The Mint has been doing the Coins and Chronicles for the last few years, pairing the commemoratives for the year with a special booklet and sometimes proof coins of the circulating commemoratives. The Mint did this for the Westward Journey series.

 

Interesting side thought... I was attempting to look up information about these sets in the 2010 Red Book and the 2010 US Coin Digest and neither has entries for the Coins and Chronicles sets. In fact, neither has anything about the other special sets produced by the Mint in the last few years.

 

Scott

[World Colonial]

https://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&storeId=10001&productId=15955&langId=-1

 

Now they seem to be repackaging things and bumping up the prices...anyone think that this set is worth investing in?

 

Cheers and happy Friday!

L1ncolnF4n

 

No, not except as a temporary speculation which would mean that the early buyers who get rid of them first will be the only ones who make any money. Given the promotional push by the mint and that the public must be well aware of these cents, its only reasonable to anticipate that they will be saved in vast quantities even in "high"grades.

 

The only way that something as common as this can maintain its price is if it turns out to be even more popular than anticipated. An example of that would presumably be the 1995-W proof ASE even though that coin is still ridiculously common. But with these cents, there are simply too many of them.

 

There are many examples in the past where the public or collectors have chased a particular issue and hoarded it. The recent post on the 2009-P dime which "only" has a mintage of 146 million is an apparent example. Other examples in the past based upon what I know include the 1950-D nickel, proof sets in the late 1950's or early 1960's and rolls and singles such as the 1955 half and 1955-D and 1955 quarter. All these "low" mintage dates exist (or at least did exist) in vast quantities even in relatively high grades. That's why the prices are still so low and as far as I know, still LESS than their peaks from the early 1960's even after almost 50 years.