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What will the 2003 Lincoln Cent in MS-70 bring?
TheNumish
Posts: 1,628 ✭✭
What do you guys think?
Edit:
It's official. Coin sold for $13,500.
Edit:
It's official. Coin sold for $13,500.
0
Comments
Box of 20
between 5-10,000.00 I'd guess.
<< <i>Will there be a reserve? >>
I would guess the consignor has already had some offers for it and would use the highest of these as a reserve.
W.C. Fields
<< <i>Ask Russel, he would have the most accurate estimate. Russel is an expert on any matter. >>
Are you a moron in real life, or do you just play one at an internet forum?
Russ, NCNE
Wasn't it mentioned this is going on Teletrade? I don't really understand why not a major house? Of course, it won't be 15%, right? What's Teletrade's seller fee at that level?
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>I don't really understand why not a major house? >>
With all the publicity it's received, it likely doesn't matter what venue it's sold through, and there's less of a delay bringing it to auction through Teletrade.
Russ, NCNE
<< <i>I wish I can pay someone $200 to have my cent graded MS-70. >>
Why would you pay $200? It only cost $14 to have this one graded.
Russ, NCNE
<< <i>It is Tulip mania all over again. I wish I can pay someone $200 to have my cent graded MS-70. >>
What's truly ludicrous is that all these people slamming the coin, the finder, the grading
company, and the sanity of any future owner would all be singing its praises if it were
merely minted eighty or ninety years earlier. If this were a 1919 or maybe a '31-S which
was saved nearly in its entirety then it would be a great collector coin found by a spirited
collector and about to go into one of the finest collections. But let it be a coin that was ac-
tually used and can actually be found in circulation (even in this condition) and suddenly
it's just modern crap that has no lasting value and will be found in huge hoards as time
goes by.
At the risk of busting bubbles, the '03 is just as much a part of this series as the '09-S VDB.
Just because most collectors ended their Lincoln collections at 1964 doesn't mean that
there were no more coins being made. Just because more people are recognizing this fact
and seeking these coins doesn't mean there are plenty around.
Go ahead and slam it but it's still the highest grade, cleanest, and most sharply struck Lin-
coln. Maybe there will be some to match it and maybe there won't.
Oh, and just in case you want to figure that this means all moderns come real nice, you
might want to figure again. Other than this coin there are no MS-70 moderns (regular is-
sues). There are exceedingly few MS-69 moderns. There are many of these coins that are
pretty tough in true gem.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>I went wild and guessed 20K. >>
I said the same thing. I really think this is a low ball though. It could easily bring more if the right people show up.
Zach
Check my ebay BIN or Make Offers!!
<< <i>
<< <i>It is Tulip mania all over again. I wish I can pay someone $200 to have my cent graded MS-70. >>
What's truly ludicrous is that all these people slamming the coin, the finder, the grading
company, and the sanity of any future owner would all be singing its praises if it were
merely minted eighty or ninety years earlier. If this were a 1919 or maybe a '31-S which
was saved nearly in its entirety then it would be a great collector coin found by a spirited
collector and about to go into one of the finest collections. But let it be a coin that was ac-
tually used and can actually be found in circulation (even in this condition) and suddenly
it's just modern crap that has no lasting value and will be found in huge hoards as time
goes by.
At the risk of busting bubbles, the '03 is just as much a part of this series as the '09-S VDB.
Just because most collectors ended their Lincoln collections at 1964 doesn't mean that
there were no more coins being made. Just because more people are recognizing this fact
and seeking these coins doesn't mean there are plenty around.
Go ahead and slam it but it's still the highest grade, cleanest, and most sharply struck Lin-
coln. Maybe there will be some to match it and maybe there won't.
Oh, and just in case you want to figure that this means all moderns come real nice, you
might want to figure again. Other than this coin there are no MS-70 moderns (regular is-
sues). There are exceedingly few MS-69 moderns. There are many of these coins that are
pretty tough in true gem. >>
Well said cladking. I agree with you 100% and if I had the money free to invest in this coin, I would definitely be a strong buyer on it. As it stands now I am working on too many series and this one will be out of my range. However I still would love to own it and I sure it is a fantastic gem.
One thing most collectors might find shocking is I don't collect anything before 1968 at the moment. The few coins I have are in lower grades and not worth much. However many of my modern coins are top pop coins and truely fantastic gems. They may not be a 1909 S vdb, but I like them all the same and will keep them for a long time to come. One day somene 50 years from now will be very glad that I kept this Moderm Crap™ around.
Zach
Check my ebay BIN or Make Offers!!
ask Wondercoin ? aka Mitch Spivak
stewart
``https://ebay.us/m/KxolR5
But for me, I would rather pay $3750 for a real nice MS-66 Saint than this cent.
http://www.markfeldcoins.com/images/coins/goldtwenty_1924_pcgs.jpg
<< <i>... it is a cent which I can obtain in acceptably close to the same preservation, for something like 1 ¢, or very likely, for free. It's an example of splitting hairs to a degree that seems extremely unwise, on the part of a potential buyer. >>
You can get a real nice one of these in the 2003 mint set which is not very expensive. Without
a great deal of searching you should easily find an MS-68 or so that (less the value of the rest
of the set) will cost you only a couple dollars. Those who don't collect these coins will be unint-
erested and those who do might well decide an MS-67 or MS-68 is plenty good enough. Person-
ally I'd be inclined in this direction though more likely would put in the effort to find an MS-69. To
each his own.
But many people seek the finest in all things and are willing to pay the price. To those people (and
everyone else) this is the finest Lincoln cent. More of these have been minted than all other coins
in the world combined since the very first electrum coins were made. This one is the highest grade.
Chris
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
<< <i> >>will there be a reserve<<
ask Wondercoin ? aka Mitch Spivak
stewart >>
never heard of him.....
If there is no reserve, I'll be somebody (not me) would pay $5k-$6k for it.
designset
Treasury Seals Type Set
As for the price 10 grand popped into my head, but my price estimates for most things are usually too low.
<< <i>Iguess with this question you will know I am a newbie to collecting. What is so special about a 2003 Lincoln Cent? >>
There's nothing too special about a 2003 cent. It's hardly a better date with a million
in mint sets and probably a couple more million in BU rolls. It won't be known for a while
yet but there could still be up to about 50,000,000 BU coins in FED storage. (this could
be zero as well) These were well made and gems are fairly common.
But this isn't "A" 2003 cent. This is "THE" 2003 cent, at least at the current time. Indeed,
it is the only Lincoln cent to ever grade MS-70. This is the highest grade and this coin is
essentially flawless even under magnification.
<< <i>The maximum I would bid is face value, one cent. As you can tell, I am not a copper guy.
Good thing, since the coin is 99% Zinc. So how much are you bidding?
<< <i>Sounds like this may be valuable in 80-90 years, like Stewarts 1919 is now. Since I won't be around then, it is not worth the plastic holding it to me. >>
As the great economist John Maynard Keynes said, "In the long run we are all dead." Yea, this coin could be special enough to rate a really high price 80 or 90 years from now, but that's assumming that there will still be collectors who care, and the coin did not grow a spot in the mean time. This copper coated zinc stuff is even more fragile than bronze.
Never Forget: ALPHA OMEGA
FYI: Still in the pop report AND has a valid cert verification
Wouldn't it be something if a year from now the coin grows a spot and PCGS has to buy it back. They could regrade it and put it in a MS-68 holder and it would be worth $10.
In fact, I'll bet WWAAAYYY over 30K. While myself and many, many others would think that would be stupid; we have to remember that there is "plenty of stupid money out there".
There are some folks with the personality and the capital backing who long for THE BEST in whatever it is they buy. They want everyone to know that they have the capacity to pay for it as well. There will be recognition out the kazoo; photo in the magazines; and probably hit the mainstream media. What is the price of fame; if even for a moment? The money will be shocking that is paid in my opinion.
Do not underestimate the lengths that someone will go to in trying to own this coin. Not sure if I'm the first to say this or not, but I'll say it will bring SIX figures.
would you buy it tp putin your retirement fund for the next ten years?? or your kids college fund for the next ten years?
and if the coin is so great which i am sure it is if the coin was cracked out of its holder right now what would you pay for it?? it is about the coin right??
also why is there such a hurry by the owner to offer the coin privately even befroe he has the coin in his hot little hands? and why must he sell it so quickly in an auction ?? and why is there so muchy secrecry involved with this coin like the owner and his proxy are really hush hush and all will be revealed aftyer the auction takes place
i see many supporters yet they are doing other things then to be able to buy this saintly piece of plastic
It gets redder over time. Some coins can get better eye appeal over time and actually UPGRADE. Not so with one that has a grade of MS/PF 70. They can only be downgraded due to environmental damage, or losing eye appeal. With 92% zinc planchet... it's risky for PCGS considering the environment.
This is why there should be decimal points in grading ... up to 69.9 Grading would be made easier, pricing structures would be made easier and a buffer would still exist between a 69.9 and a 69.3 that only the wealthiest could dabble in, anyway, along with minimizing liabilities with regards to grade guarantee.
If you want to have an army when you get into battle, ya have to march as fast as the slowest man.
so kick me, if I get OT.
I still think it will bring less than 12 grand.
``https://ebay.us/m/KxolR5
<< <i>for those that like this coin two questions
would you buy it tp putin your retirement fund for the next ten years?? or your kids college fund for the next ten years?
and if the coin is so great which i am sure it is if the coin was cracked out of its holder right now what would you pay for it?? it is about the coin right??
also why is there such a hurry by the owner to offer the coin privately even befroe he has the coin in his hot little hands? and why must he sell it so quickly in an auction ?? and why is there so muchy secrecry involved with this coin like the owner and his proxy are really hush hush and all will be revealed aftyer the auction takes place
i see many supporters yet they are doing other things then to be able to buy this saintly piece of plastic
Michael, I understand your criticisms of the coin. I didn't say I liked the coin; I just said that IMO it would sell for over $30k.
An authorized PCGS dealer, and a contributor to the Red Book.