Wednesday, February 18, 2009

A Penny for your Dollars

Today's Link
Trav's Thoughts

Saying for the Day
Gambling: The sure way of getting nothing from something. ~Wilson Mizner

Picture of the Day
But Tomorrow more Snow

We may be on the edge of the next great depression but the American entrepreneurial ability to make a dollar out of a pennie is still alive and kicking.
The mint is in the process of minting five new pennies. Two will be minted this year. Two will be minted next year . One will be minted the year after. They are in honor of the Lincoln bicentennial. When they are put into circulation they will be worth one cent.
That’s the base cost for our entrepreneurs. You add to that five cents for plastic to encase them in and ten cents for a page that gives a little history and you can sell the whole thing for twenty dollars plus postage and handling.
I have done some research and the selling price can be as low as $12.95 and as high as $30.00 for one penny. And don’t forget the postage and handling. Some of these places handle it a lot and the cost can be as much as $7.95.
Their advertisements on television , in newspapers, and in mailings urge you to get in now before they are all gone.
“Before they are all gone”, they haven’t even been minted yet. When they are you should be able to pick up one in uncirculated ( Encased in plastic) at your local bank for $5.00 if the centennial quarters are any indication. Thus for $25.00 the entire set can be yours. You see there is no need to get involved in any kind of fracas to obtain them. Better yet talk to your bank or credit union and buy a roll when they arrive. It will cost you $.50 and they are all uncirculated. Then buy some cheap plastic holders and you have a bunch of $12.95 coins minus the postage and handling.
Of course our sellers know this so to further entice you they offer the coins gold platted for just a little extra. That should boast their value , right? Wrong! They are still worth a penny. In fact according to my friends who are into numismatics they are now worth less than before. Real coin collectors want “original” condition coins not coins that have been altered.
Some of our sellers with great perspicacious insight are offering to sell you all five not yet minted coins. You pay now and they send them to you as they become available. They will include the cute plastic containers, a nice album with Lincoln information and if you want the gold plating. The price for such helpfulness is anywhere from $89.95 to $ 123.00 . Of course you have to add to that the proverbial postage and handling. Now this is a great deal. They have your money to play with and you still have to wait until the mint puts out the coins.
You might be thinking that everything I said is true but you want to leave something that will be of value to your great grandchildren . One hundred years from now just think of what those gold plated, plastic encased pennies will be worth.
Lets assume they are worth one hundred times their original value. That by the way is pretty good for an average coin. Most coins do not increase that much. Your great grandkids now have five pennies worth $5.00 . That’s lots less than what you paid but life is like that.
Or as P.T. Barnum said “ There’s a sucker born every minute.”

News from Pigeon Falls
The little town in my basement where the trains still run, dragons fly, and life is back to normal
Poor Tommy UK spent all of yesterday wishing he knew more about his birth parents. It’s not that he loved his adoptive parents any less or even that he wanted to replace them. No! He was just curious. What kind of birth parent could leave him a rock with such power?
Tommy’s uncle might know. He had, after all, arranged the adoption. But there was no way he could get to Iron Mountain until Saturday . Until then he would just have to wonder. He did think of using the rock to transport himself to Iron Mountain. But that had two problems. First of all he had promised to use the rock properly and he wasn’t sure if that was a proper use. And second he had no idea how to use it in that manner. In fact he had no idea how to use it period! When he helped Herman it had all seemed to come automatically .He didn’t know if you wished on it or or commanded it or what you did to make it work.
In addition to his desire to find out who his birth parents were Tommy felt a need to tell somebody what he had learned about himself. It was not the kind of thing you shouted from the roof top but still he needed to tell somebody. His first choice would have been Tammy but they still weren’t talking. For a moment, just for a moment, he thought of zapping her with his rock so she would like him again. But then he thought that came under the proper use category.
He began to feel like Parker in the Spider Man comic . With great power came great responsibility.
Responsibility he was discovering was a real pain.

Wrap UP
It snowed so much last night our handy man had to come and shovel us out. So far the month has been a tease. For a bit it was warming up and melting. You could see the grass . Now it is all white again. Did I say I hate winter. At least my oxygen was good this morning. I printed out my November blogs to send to my sister Dawn. That took all morning. In the afternoon I got back to trying to organize my computer. I need to label a lot of pictures. It would have been so much easier if I had labeled them when I loaded them in. Since I visited every link yesterday today I only visited those that left comments and the link of the day. Now I need a breathing treatment.


Blogger Nessa said...

We are such suckers.

I wish I could find a gimmick for which to bamboozle the world.

3:30 AM  
Blogger PS (PSanafter-thought) said...

My sister is a sucker for the ads from the Big Box Stores. She spends a lot of time circling items, driving to the various places, only to find out that a particular location isn't big enough to carry the item she wanted. She is poor. She doesn't get it. I guess I shouldn't criticize her "hobby," but I did send her an article which pointed out that the store puts out ads to boost their income, not because they want to give the customer some economic help. Your coin example is the same times 1000. Maybe it is just a clearer example.

6:17 AM  
Blogger jinksy said...

Shades of Danny Kaye and 'This little penny is to dream on'...

6:33 AM  
Blogger Jeni said...

I've often wondered who buys those coin things advertised on TV. I always kind of boggles my mind thinking of someone spending money to buy a couple coins like that and what their worth really is. Thanks for posting this and showing the non-existent value there. Too bad those getting taken by these things probably will never read your post and discover the error of their ways though, isn't it?

8:19 AM  
Blogger Melli said...

Oh... I can answer WHO buys them! My in-laws! They bought every "encased" anything that came along! Now WE are the inheritors! Whooo hooo! Dennis has bags of them down in the garage -- and Mom has some still tucked away in her dresser. She guards them with her life! It's so sad...

Poor Tommy! It IS hard learning to be responsible with something like that! The temptation to use it to your own benefit would be sO great! Especially where a GIRL is concerned! But Tommy's a smart boy... he will use it wisely. And he'll come to terms with it.

8:33 AM  
Anonymous quilly said...

I am glad Tommy is thinking responsibly. A normal kid his age wouldn't -- but then a normal kid wouldn't have been Mayor, either, now would he?

10:48 AM  
Blogger The Old Fart said...

I am glad that I never bought things like this or got lured into their Grand Scheme. It is amazing how these Charlton's will entice some folks and make it sound so good. Almost like the old west and the Snake oil sellers.

A Blessed Day is wished for you and Betty.

12:10 PM  
Blogger juliana said...

i think people would buy just about anything if it was packed up nicely and advertised enough.
value for money? pft :)

2:13 PM  
Blogger Catch said...

P&H...what a rip off!!!!

2:33 PM  
Blogger rhymeswithplague said...

You are exactly right. My dad was both a coin collector and a stamp collector, and you hit the nail on the head. You have done a service today to the gullible and uninformed.

2:37 PM  
Blogger Travis said...

Hey thanks for the shout out!

5:43 PM  
Blogger Sue said...

It's the American way. Advertising, make those pennies look like they are worth a million bucks but they will give you a deal!

2:29 AM  
Blogger Jeff B said...

"A penny for your thoughts" takes on a whole new meaning with this one!

8:07 PM  

Post a Comment

<< Home