Would you pay $60 for 50 pennies?

The power went out and I lost my channels on my TV tuner so I now have all the home shopping networks. Flipping by one I see they're selling 50 1955 pennies for $60, and people are actually buying them.

Why? :shrug:

a weird hobby that wastes money for older money

some people are just stupid.

:shrug:

50 pennies are worth 50 cents, not $60.00 .

A sucker is born every minute. But since his death,the birthrate of suckers have gone off the scale.

But for the specific reason that they stopped making them, to conserve copper for the War Effort. There were only a few hundred released into public circulation.

Most copper coins aren't valuable beyond their face value. Even the copper in them isn't worth a whole cent.

but they certainly aren't very valuable, it's just kinda a trip to see a penny done in steel.

That's why they are only 5% Copper 95% Zinc now

Now find a 1974 Aluminum Penney, and you have something VERY Rare :hippie:

The seller felt so bad for me (it was ridiculous----he listed the value at 2 cents---I was a young and impetuous ebayer back then, caught up in a bidding war) that he sent me some extra coins. I don't even know where the heck they are.

Rolls of 50 1955-s Lincolns were going in the $50-60 range during the coin craze of the early sixties. Uncirculated rolls of 55-s cents were in the $100 range.

It was a whole lot like the beanie baby deal.

Life long collector here. Have spent years putting together a type-set of us coinage pre-1964.

Some coins are actually worth a lot of money and have historical and artistic merit. Large cents, two-cent pieces, buffalo nickels, standing liberty quarters, bust halves, morgan dollars and minnie more are good longterm investments.

Then there's the crap like rolls of 1955 pennies that they sell to dumbasses who think the price is going up, the speculative market.