Last month, I blogged about the sudden interest in the least valued of American coins, the penny. People are buying them both because of the new designs implemented this year and because the rush to collect them is actually making the penny worth something.

I’d love to have some of the new pennies for my collection, but as I said then, I’m willing to wait out the rush rather than rush into a market rife with speculators.

Now comes word that the speculators may be stuck holding bags of relatively worthless pennies because the U.S. Mint responded to consumer demand and produced and sold tens of thousands more rolls of the second design (250,500) than the first one (96,000).

Yes, I’ll say it … I told you so.