Second Cent Might Attract Crowd
By David C. Harper
a $10 online retail price tag for bank-wrapped
BU rolls of the first 2009 Lincoln cent spur
greater attendance at the debut ceremony for the
second 2009 cent on May 14 at the Lincoln
Amphitheatre in Lincoln City, Ind.?
It just might. One of the attractions at Mint
coin debut ceremonies is the opportunity to buy
the new coin for face value on site. Enough
collectors who saw what happened online after
the release of the first 2009 cent design might
just grab a truck and head to the ceremony for
the second design to buy all the rolls they can
The Rail Splitter design is the second of four
that celebrate the 200th anniversary of the
birth of Abraham Lincoln.
When the first design, the Birthplace piece,
formally debuted Feb. 12 in Kentucky where
Lincoln was born, attendees who bought the cents
for face value there made a nice profit selling
them later online.
High prices were made possible because many
collectors became aware of the new cent design
from the publicity that went with the ceremony,
but were frustrated when they discovered that
the coins themselves were not available at their
local banks. A perception of scarcity developed
even though mintage is expected to be more than
half a billion pieces.
Because coin demand is still low in normal
banking channels due to the recession, local
banks might not get the second cent issue in a
timely manner either, opening the door to
another speculative frenzy.
Will it happen? Could be. It all depends on how
many collectors want to drive to Indiana and
what quantities the Mint will arrange to have
available that day.
As they say further upstate that month in
Indiana, "Gentlemen, start your engines."
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