THE 1909 VDB MATTE PROOF LINCOLN CENT IN PCGS PR67+RB

Steve · July 7, 2014 10:42AM

I was originally going to call this thread the "Third and final jewel in the triple crown of 1909VDB MPL's for the summer of 2014" after two other 1909VDB MPL's were sold in June for $24,675 and $55,812. But here we are, about a month away from the auction of the third 1909VDB MPL and the publicity is already starting for Jonathan Watkins amazing 1909VDB as well as the other eight matte proof Lincoln cents that are going to be sold. In retrospect, this coin deserves to be treated separately from the two that sold in June because it is definitely one of three or four of the very finest 1909 VDB MPL's that exists today. Here is the article published in the July 21st issue of Coin World.

The information in the Coin World article reflects how straight-forward and honest Jonathan is about this coin. He acquired it in March, 2010 in a private transaction and in this article it says the transaction involved "the highest price anyone has paid for a regular issue circulation strike or proof Flying Eagle, Indian Head or Lincoln cent." This price is shown in the article and I wonder if there are two or more bidders out there who would be willing to pay THAT price at auction. The coin has a history as having been owned by John Story Jenks (1921) and has been described as "the most beautifully toned Matte Proof Lincoln cent ever". It will be very interesting and exciting to watch the bidding progress on this coin. The bidding is now available at the Heritage web site here.

Finally, In March, 2010 Brian Wagner posted a thread on this board about Jonathan acquiring this coin. Many responses. Here it is.

I hope these write-ups "wet your appetite" for what's ahead in Rosemont, Illinois at the ANA World's Fair of Money in August.

Steve

PQueue · July 7, 2014 11:03PM

What is your prediction, higher or lower than the previous "THAT" 2010 price"?

Steve · July 14, 2014 12:43AM

The excitement continues to mount as we approach the start of bidding on the McCullagh Collection of the NINE Matte Proof Lincoln cents (1909-1916) featuring the 1909VDB MPL in PCGS PR67+RB. The bidding is scheduled to start THIS Thursday, July 17th. While everyone here is particularly interested in how much this featured coin will sell for, the fact that Jonathan Watkins is ALSO assigning the other eight Matte Proof Lincoln cents to this auction is very significant. And the fact that all nine coins grade PCGS PR66 or PR67 is probably unprecedented as far as MPL's go. Jonathan has publically stated that he paid $235,000 for the Jenks coin in 2010 so one of the key questions most of us are wondering is will this coin reach that price level at this auction? I guess most of us would say "no", BUT who really knows? It will be very interesting to watch this auction of the Jenks coin AND the other eight MPL's in Jonathan's collection. Good luck to everyone who will be bidding. Steve

Steve · July 16, 2014 8:12AM

Well, Heritage opened the bidding for their part of the ANA auctions a day early. You can now follow the bidding on Jonathan Watkins 1909VDB MPL here.

Another VERY interesting aspect of this is that Jonathan is not only auctioning his 1909VDB MPL but, as part of the McCullagh Collection he is also auctioning the other EIGHT matte proof Lincoln cents. Six of the coins will be auctioned on Tuesday, August 5th as follows:

Lot # 3167 1909 PCGS PR66+RB (Heritage LIVE at approx.: 3PM EDT, 2PM CDT, 1PM MDT & Noon PDT)
Lot # 3168 1910 PCGS PR67 RB
Lot # 3169 1911 PCGS PR66 RB
Lot # 3170 1912 PCGS PR66+RB
Lot # 3171 1913 PCGS PR67 RB
Lot # 3172 1914 PCGS PR66+RB

The other three MPL's will be auctioned at Heritage's Platinum Night session on Thursday, August 7th as follows:

Lot # 5536 1909VDB PCGS PR67+RB (Heritage LIVE at approx.: 7PM EDT, 6PM CDT, 5PM MDT & 4PM PDT)
Lot # 5537 1915 PCGS PR66+RB
Lot # 5538 1916 PCGS PR66+RB

This is an amazing collection of PR 66, 66+, 67 and 67+ red/brown Lincoln cent matte proof coins. We may never again see such a collection at auction. If you wish to follow the CURRENT bidding on EACH of the nine coins in the McCullagh Collection just click here. And don't forget to ADD the 17.5% fee to the listed bid to get the total current value.

The highlight coin is, of course, the 1909VDB. And ten bidders have already taken the coin to $129k+ with the juice. It certainly appears to me that in the early days of internet bidding, there is plenty of interest in this coin. Whether the current bidders are serious or are just bidding expecting the price to be much higher, we will know more as the days go by. Anyway, it's sure fun to watch. Your comments are welcome.

Steve

BWRC · July 17, 2014 2:44AM

The 1909 VDB MPL PR67+RB has jumped to a bid of $75,000!!

not bad since the bidding opened about 24hrs ago.

Steve · July 18, 2014 10:22AM

A ninth and tenth internet bidder has brought the bidding on the 1909VDB MPL over the six figure mark to $129,250 with the juice. Any reserve will be posted on July 29th.

Does anyone know of ANY Matte Proof Lincoln cent that was sold at a competitive AUCTION for MORE THAN what this coin is currently bid at?

I suspect there may be some Lincoln cents that have sold at Auction at a higher price than what this coin is currently bid at. (ie) varieties like the 1943 copper. Can anyone supply details? Thanks. Steve

BWRC · July 19, 2014 1:26AM

There was a 1914 MPL 1C in PCGS PR68RD that sold for $126,500 in 4/2008.

So for Matte PR Lincolns, $129,250 is the highest price ever reached in any competitive auction.

Steve · July 19, 2014 2:51AM

Brian, thanks for that information. My memory is a little hazy, but is that the coin that Doug Wright acquired from Stewart Blay? Steve

BWRC · July 19, 2014 2:57AM

yes

BWRC · July 19, 2014 2:05PM

Now at $146,876

Steve · July 20, 2014 7:46AM

WOW! 4 days of internet bidding done and we certainly have interest in the McCullagh Collection of Matte Proof Lincoln cents with the PR67+RB 1909VDB MPL leading the way. I thought it would be interesting to record some key metrics here and then update them in this post (via edit) as the next couple of weeks go by:
---------------------------------------------------------------------------------- VALUE
DATE------BIDDERS---TOP BID----WITH FEE---GRADE---PCGS RETAIL----NGC RETAIL

1909VDB----13-----$220,000------$258,500-----67+RB-------$200,000------$ 45,000 FINAL
1909-----------6-----------5,500-----------6,463-----66+RB-----------3,700-----------3,200 FINAL
1910-----------5-----------6,500-----------7,638-----67 RB----------10,000-----------4,090 FINAL
1911-----------9----------12,500---------14,688-----66 RB--------- --2,250-----------2,190 FINAL
1912-----------5----------12,000---------14,100-----66+RB----------11,000-----------3,000 FINAL
1913-----------4-----------7,000-----------8,225-----67 RB------------7,500-----------4,060 FINAL
1914-----------5-----------7,001-----------8,226-----66+RB------------4,350-----------3,200 FINAL
1915----------11---------19,000----------22,325-----66+RB-----------12,500----------4,000 FINAL
1916-----------7----------26,000---------30,550-----66+RB------- ---12,000-----------7,800 FINAL

All those dashes are necessary to keep the columns in order. A key metric is the number of bidders. This list will be interesting IF a new bidder is added during internet bidding with NO increase in the bid shown. That means someone has committed to beat the CURRENT high bid at the time the bid is placed at the LIVE auction. The more of these that show up during internet bidding, the more likely there will be further competition on August 7th for the 1909VDB MPL. I have listed the current reported retail pricing for each of the nine coins from the PCGS and NGC web sites. Both indicate THEIR pricing is for THEIR holdered coins only. Since Jonathan's coins are all in PCGS holders, I would expect PCGS values for these graded coins to be affected by the results of this auction.

I hope this information and THIS link to the Heritage web site of the McCullagh Collection will make for interesting conversation on these boards. Again, good luck to all who are bidding and all who will be watching for the results.
Steve

Steve · July 25, 2014 10:44AM

After a very active first four days of bidding last weekend, things quieted down during this work week with just a couple of updates today. The 1909VDB MPL had 10 bidders during the first days and bid the coin to $146,876 with the juice. As reported, this is the most money bid on a Matte Proof Lincoln cent at auction, although we know that this coin was bought for $235,000. So there is still a significant amount more that Jonathan would like to see bid on this coin. This Tuesday, we will see if a reserve is effected and what that does for the bidding. Significantly, one new bidder today (number 11) has indicated an interest to bid higher than the current reported amount of $125,001 at the LIVE auction on August 7th. As we proceed thru the next week, we will see further just how much interest is shown for this very special MPL.

The other eight MPL's have all had multiple bids with particular interest in the 1911 with 7 bidders and a current price of $8,225 with the fee. The 1914 has 4 bidders and is now at $4,994 with the fee. The 1915, with 6 bidders jumped by $2,000 today to $6,462 with the fee. And the 1916 added a 5th bidder today indicating an interest to bid higher than the current reported amount of $14,100 at the LIVE auction.

I will continue to edit the previous post with updates as new information becomes available.

It's fun to follow this amazing auction of Jonathan's MPL's. I'm sure many are following how the bidding is going (or not going). No doubt now that the two key events coming up are (1) the reserve or no reserve amount on each of the nine coins on Tuesday, July 29th and (2) the LIVE auction for the 1909,1910,1911,1912,1913 and 1914 on August 5th and the LIVE auction for the 1909VDB, 1915 and 1916 on Platinum Night, August 7th. Of course, no one knows how events will play out in the next couple of weeks, but if you want to join me with your comments or thoughts, I'm sure I as well as others here will be interested to hear. Thanks, Steve

Steve · July 28, 2014 4:52AM

Well, the second weekend of this MPL auction of Jonathan Watkins amazing red-brown coins was more active than the workweek, although not quite as good as the first weekend. Seven of the nine coins have now beaten the existing values reported by NGC. Only the 1909 and the 1910 are short by only $615 and $271 respectively. No doubt all the coins will beat the NGC prices by auction time. Four of the nine coins have now passed the PCGS price. The 1911, the 1913, the 1914 and the 1916. The bidding so far is a good indication that there are a number of collectors out there who are very interested in acquiring one or more of these high level matte proof Lincoln cents.

Tomorrow evening at 7PM CDT, Heritage will post the reserves, if any, on each of the coins. Of course, the big question now is whether or not there will be a reserve on the 1909VDB MPL. The bidding with the "juice" has remained at $146,876 for a full week now and I'm sure potential bidders may be waiting to see what the reserve situation will be. We are now only 8 days away from the auctions of the 1909 thru 1914 coins and only 10 days away from Platinum Night and the auction of the 1909VDB, 1915 and 1916. Steve

ChrisRx · July 29, 2014 10:03AM

Status: No Reserve

Steve · July 29, 2014 10:41AM

With no reserve the only change immediately is that the 1909VDB is moved up to the next full increment. ($125,001 to $130,000 bid) Therefore, the bid + the fee on this coin now stands at $152,750. Increments are now $10,000 until and IF we reach $200,000 bid. Jonathan has chosen NOT to put a reserve on ANY of his nine matte proof Lincoln cents in this auction. You can check all the current number of bidders, and the current top bid and price on my post 4 threads above here. Note the edit date and time stamp at the bottom of that post. Of course, you can get up to the moment info direct from the Heritage web site by clicking on the "THIS" link in that post. Steve

Steve · July 31, 2014 1:55AM

More bidding activity yesterday and overnight today on the eight other MPL's. NO changes to the 1909VDB. Bidding upped for the 1909,1910,1911,and 1915. Please see the details on the edited post above. Steve

More updates today: The bidding + the fee now exceeds ALL nine prices posted by NGC at retail pricing.
The bidding + the fee now exceeds prices posted by PCGS for six of the nine coins.
1909,1911,1913,1914,1915 & 1916.

1909VDB Bid + Fee is $152,750: PCGS retail price is $200,000
1910 Bid + Fee is $ 4,406: PCGS retail price is $ 10,000
1912 Bid + Fee is $ 3,819: PCGS retail price is $ 11,000

Steve · August 1, 2014 5:05AM

It's August and all the coin geeks are headed for Rosemont, Illinois for the 2014 ANA World's Fair of MONEY. Meanwhile, we are seeing continuing bidding on Jonathan Watkin's Matte Proof Lincoln cent collection. The one exception is the real prize coin, the 1909VDB MPL from the old Jenks collection. That coin was bid up to $152,750 with the fee by 10 bidders in the first few days and has remained static since. There is a reason for this in my opinion. There are very few collectors that are interested in Matte Proof Lincoln cents who can afford to spend six figure money on a single coin. The big question that will remain open until the LIVE auction is: Are there TWO or more of these collectors who are willing to compete in order to own this special coin? While it is possible that some internet bidder will push the bidding higher before the auction, my guess is that any further action on this coin will wait until that time. We shall see!

Six of the nine coins will be auctioned on Tuesday afternoon and the current pricing on those range from $3,819 to $9,987. The 1915 is currently at $12,925 and the 1916 is currently at $16,450 Those two coins and the 1909VDB will be auctioned on Thursday evening during Heritage's Platinum Night event. Look back a few posts in this thread to see the updated bidding on all nine coins.

Steve

BWCoin · August 1, 2014 8:56AM

Currently at $153 with the juice

BWRC · August 2, 2014 9:34AM

BID NOW $160,000

$188,000 with the juice

Steve · August 2, 2014 12:37PM

<< The big question that will remain open until the LIVE auction is: Are there TWO or more of these collectors who are willing to compete in order to own this special coin? While it is possible that some internet bidder will push the bidding higher before the auction, my guess is that any further action on this coin will wait until that time.

Steve

>>

Boy, was I wrong. At least two bidders pushed the bid from $130,000 to $160,000 today so the 1909VDB matte proof Lincoln cent in PCGS PR67+RB now stands at $188,000 with the fee. A 12th bidder was involved today and any of the reported 12 bidders could conceivably be in it to win this coin. There was other action today on the other two coins being auctioned on Thursday evening. The 1915 added an 9th bidder and that coin now stands at $14,100 with the fee. The 1916 added a 6th bidder and that coin stands at $21,150 with the fee after 4 increment jumps of $1,000 each.

It IS very nice to see these very special MPL's being contested for at a public auction instead of a private treaty agreement where collectors wouldn't know what happened. Jonathan Watkins should be commended for bringing his coins to public auction and then NOT putting a reserve on ANY of them. The coins beauty and value speak for themselves. Currently, six of the nine coins bid + fee exceed the PCGS retail price guide for the assigned grade in RB. The 1909VDB will become the seventh coin if it is bid $250 more than the next increment. As far as what will happen next with the bidding. I'll just keep quiet and watch. Good luck to all the bidders who are seeking one of these nine very special coins. Steve

mdwoods · August 3, 2014 2:36AM

In this market no reserve is needed for truly spectacular rare coins. At least that's the way it seems lately.

Steve · August 4, 2014 6:04AM

Internet bidding closes TONIGHT at 10PM CDT for six of the nine MPL's. They are the 1909,1910,1911,1912,1913 & 1914. The LIVE Heritage auction is tomorrow afternoon sometime between 1PM and 2PM CDT. There has been NO changes to the bidding.
Steve

A couple of bids in the last three hours of internet bidding. 1911 up $1k to $9,500 and $11,162 with the juice. (now 8 bidders). 1914 up $1.250k to $5,500 and $6,462 with the juice. (now 5 bidders).

EagleEye · August 4, 2014 6:06AM

I predict a final price of $252,625. Which is $215,000 bid plus the juice.

Jonathan will do quite well with the whole set.

BWRC · August 4, 2014 12:27PM

The VDB BID HAS JUMPED TO $200,000

That's $235,000 with the juice!

Steve · August 4, 2014 8:35PM

WOW! WOW! and more WOWS!

A 13th bidder for the 1909VDB MPL has pushed that coin to a bid of an even $200,000. With 2 days of Internet bidding to go, this amazing coin now stands at $235,000 with the fee! Also, the 1916 was pushed up 4 increments AGAIN to a bid of $22,000. With 2 days of internet bidding to go, that coin now stands at $25,850 with the fee!

The internet bidding has ended for the other six coins with last minute action on the 1911 and 1912. The 1911 was raised another $1,500 to a bid of $11,000 and a total with the fee of $12,925. The 1912, after remaining static for over a week added a 4th bidder who helped push the final internet bid UP by over $8k to $10,000. With the fee, the 1912 goes to the live auction this afternoon at $11,750.

And so, only one of Jonathan Watkin's nine coins has not yet surpassed the PCGS retail price guide value. That is the 1910 with a current bid + fee of $6,462 with 4 bidders. The PCGS value for that coin in PR67 is $10,000. We will find out how that coin and five others fare later today. Again, good luck at the live auction if you are participating.
Steve

BWRC · August 4, 2014 9:07PM

Steve,

Thanks for your informative posts about the McCullagh MPL's and the auction they are a part of.

As you mentioned, the 1910 is the only coin in the collection that has yet to reach the PCGS guide of 10K for the coin. It is also the only coin in the collection that doesn't have a CAC green or better sticker. "food for thought"

I do like the 1910 though, It has an amazing color combination on the obverse and is in an "OGH" to boot.

Steve · August 4, 2014 11:04PM

Brian,
I believe the hobby, and particularly MPL collectors, will learn a lot of information as a result of Jonathan's public auction of his collection. I'm not a big fan of the CAC stickers, but there seems to be some comfort exhibited by buyers of high dollar coins to see the sticker on the slab. Thanks for your nice comment. I'm looking forward to seeing the results today and Thursday.
Steve

P.S. I'm not sure how this works, but the bidding on the 1912 was increased from $10,000 to $11,001 this morning with NO added bidders. So that coin goes to auction this afternoon at $12,926. Maybe someone can explain? Another last minute change on the 1909 going to auction this afternoon. Bid up from $3,250 to $4,001 bringing with fee from $3,819 to $4,701. Can anyone explain this to me? I do see another bidder added making 5.

Steve · August 5, 2014 5:16AM

The auction of the 1909 thru 1914 MPL cents is now final. The prices realized with the fee are as follows:

1909 $6,463
1910 $7,638
1911 $14,688
1912 $14,100
1913 $8,225
1914 $8,226
There was one new bidder for most of the coins. Anyone at the auction who wants to comment, please do so. I think the prices realized are reflective of the quality of the coins. Thursday evening we will see how the other three coins do. Right now, the bid + fee are as follows:

1909VDB $235,000
1915 $ 14,100
1916 $ 25,850

Steve

DMWJR · August 5, 2014 6:42AM

Oh yes, I am glad to be proven wrong about the vdb. I didn't think two players would show up, but I am very happy to see it!

Steve · August 5, 2014 11:41AM

And the beat continues..........

One of the current 13 bidders for the 1909VDB Matte Proof Lincoln cent in PCGS PR67+RB has now bid the coin to $220,000 so that the total with the fee is now $258,500. Each increment is now $20,000 so each increment increases the total by $23,500. IF there is another increment bid, the total would jump from $258,500 to $282,000. We still have about 45 hours to go before the LIVE auction. Steve

lusterlover · August 5, 2014 12:45PM

A few comments to this point (6 of 9 MPLs sold):
1) I am very happy for the seller as he had a world class collection.
2) It would be easy to say "I told you so" to the MPL bashers saying the market was over hyped - but we won't do that. A few years ago, you could make money with any MPL. Now it takes the quality "A" & "B" coins. Some people were left holding the dogs and got burned; it happens.
3) It is wonderful to see all the price guides getting smashed. Many were do for a change and most of the "+" prices were placeholders anyway. I'll be excited to see all the green arrows soon.
4) Interesting to see how the only one to fail to meet guide was the non CAC coin.
5) I think the '12 got weak early bidding because of the poor picture which made it look streaky & wood grainy (I'm told this is not the case). The live bidding came on strong and I still think the final price is a steal at $14,100. This is a tough coin at these lofty levels. The 66+RB is a pop 2/0 and there is only 1 66RD and 0 67s. The $11,000 price guide was a filler as a 66+RB had never traded to this point.
6) The remaining coins are already exceeding expections and still have room to go. The '16 is trading like it has a gold sticker as well....

Very exciting times in MPL land. Circle up the posse and ride!

renomedphys · August 5, 2014 1:50PM

Okay.

I'm gonna agree that it sure is nice to see a resurgence in MPL confidence, but let's be clear about one thing: the market for incredibly toned and technically fantastic MPLs has never really weakened, at least not that much. They have just been out of the mainstream market, or not on the market at all. Anytime available quality drops, so do prices. The converse is also true. In the quiet years of depressed public sales I can tell you firsthand that the underground ultra-quality MPL private treaty world has thrived.

And for what it's worth, some of you may remember that four of the coins in this set came out of my set: the 1910, 1911, 1913, and the 1914. Maybe I have bad taste. My favorite coin of the four was the 1910. I won't really discuss the technical merits of these coins here, or the reasons that they went for thus and such a price. If CAC is really what matters to a collector, then far be it from me to tell them that they can't bid more on those coins than the ones without. I personally try to buy coins for my own reasons, and when I sell them, I sell them for what they're worth to ME.

robec · August 6, 2014 2:08AM

<< 

And for what it's worth, some of you may remember that four of the coins in this set came out of my set: the 1910, 1911, 1913, and the 1914. Maybe I have bad taste. My favorite coin of the four was the 1910. I won't really discuss the technical merits of these coins here, or the reasons that they went for thus and such a price. If CAC is really what matters to a collector, then far be it from me to tell them that they can't bid more on those coins than the ones without. I personally try to buy coins for my own reasons, and when I sell them, I sell them for what they're worth to ME. >>

I remember 3 of those coming from Curly's set prior to being in yours. Of those, my favorite was the 1911. I was stunned by it's hammer price. It easily doubled my estimate.

Steve · August 7, 2014 12:11AM

It is finally auction day for the 1909VDB, 1915 and 1916 Matte Proof Lincoln cents from the McCullagh Collection currently owned by Jonathan Watkins. There were NO last minute changes as internet bidding ended last night. The three coins will be auctioned at Heritage's Platinum Night event at the ANA's Worlds Fair of Money in Rosemont, Illinois starting at approximately 6:00PM CDT tonight. Much interest is on the 1909VDB which has been bid up to $220,000 with now $20,000 increments. The price including the 17.5% buyers fee brings the total to $258,500 right now. This is the MOST money ever paid for a regular US Mint issued business strike or proof Lincoln cent at auction in history!

Below is the current stats for the three coins. You can watch the auction at: www.ha.com by clicking the HERITAGE LIVE link. Unfortunately for me, I will not be able to see this event. If anyone here does see the event either in Rosemont or on Heritage, and if there is further bidding on the 1909VDB, please report on it here. I will post the final results later tonight or tomorrow morning.

<< 
DATE------BIDDERS---TOP BID----WITH FEE---GRADE---PCGS RETAIL----NGC RETAIL

1909VDB----13-----$220,000------$258,500-----67+RB-------$200,000------$ 45,000
1915-----------9----------12,000---------14,100-----66+RB-----------12,500-----------4,000
1916-----------6----------22,000---------25,850-----66+RB-----------12,000-----------7,800

>>

Steve

DMWJR · August 7, 2014 9:29AM

I wonder if the increase in RB sales will push value in the RD coins? Logic would say yes, but the pricing gods may not agree. Or said another way, is this a rising tide that will lift all ships?

lusterlover · August 7, 2014 11:28AM

VDB closed at same price $258,500
'15 bid up to $22,325
'16 bid up to $30,550

Tear up the price guides. A very impressive showing. The market for PQ MPLs is alive and well!

PQueue · August 7, 2014 10:38PM

It is good to see strong sales across the entire set, that should reinforce the market for all good coins. The VDB exceeded my estimate.

Steve · August 8, 2014 2:14AM

Platinum Night for Jonathan Watkins ended a wonderful auction of his Matte Proof Lincoln cents with even higher bidding on his 1915 and 1916 MPL's. Two new bidders pushed the bidding on the 1915 from $12,000 to $19,000 at the LIVE auction so the final price on the 1915 was $22,325 with the fee. The PCGS retail price for a 1915 in PR66+RB WAS $12,500. I have a feeling THAT price will be higher on the PCGS price guide soon. One new bidder, number 7, pushed the bidding on the 1916 from $22,000 to $26,000 at the LIVE auction so the final price on the 1916 was $30,550 with the fee. The PCGS retail price for a 1916 in PR66+RB WAS $12,000. I have a feeling THAT price will be higher on the PCGS price guide soon. In fact, I have a feeling that MOST MPL's in PR66 and PR 67 will be higher on the PCGS guide as a result of this auction. The question now is does this really cause a resurgence in collector interest in Matte Proof Lincoln cents that causes lower graded MPL's prices to also rise? Time will tell!

As regards the 1909VDB MPL. All the action on this coin took place during the internet bidding and it provided lots of enjoyment for MPL collectors. Here's a brief timeline for the bidding. All numbers are for BID pricing before the fee is added:

Wednesday, July 16th - Internet bidding opened.
Thursday, July 17th - The 1909VDB has been bid up to $75,000 in the first day.
Friday, July 18th - 10 bidders have brought the coin over the six figure mark at $110,000.
Sunday, July 20th - The 10 bidders raised the bid to $125,001.
Tuesday, July 29th - After 9 days pass with no action, no reserve is put on the coin. That causes the bid to rise to the next full increment of $130,000.

Saturday, August 2nd - An 11th and 12th bidder entered the internet part of the auction and pushed the bidding from $130,000 to $160,000.
Monday, August 4th - Eagle Eye (Rick Snow) boldly predicts that the coin will bid up to $215K. He was UNDER by $5k. AMAZING
That evening a 13th bidder entered the internet part of the auction and pushed the bidding from $160,000
to $200,000.
Tuesday, August 5th - With 13 bidders, a FINAL bid pushed the bidding to $220,000.
Thursday, August 7th - No additional bidding at the LIVE auction.

I wonder if the MPL collectors out there will ever see a public auction of matte proof Lincoln cents like this again. Thank you Jonathan for letting us all share in your adventure.

LOOK AT POST #11 OF THIS THREAD FOR ALL FINAL STATS.

Steve

lusterlover · August 12, 2014 3:42AM

Anyone know how long after an auction it typically takes our hosts to update price guides? It looks like the 1916 in 66+RB was bumped up today by $7,000 to $25,000 but nothing else was done. Strange....

BWRC · August 12, 2014 10:33AM

<< Anyone know how long after an auction it typically takes our hosts to update price guides? It looks like the 1916 in 66+RB was bumped up today by $7,000 to $25,000 but nothing else was done. Strange.... >>

Check the price guide now, lots of green, many MPL dates moving up.

lusterlover · August 12, 2014 11:19AM

<< 

<< Anyone know how long after an auction it typically takes our hosts to update price guides? It looks like the 1916 in 66+RB was bumped up today by $7,000 to $25,000 but nothing else was done. Strange.... >>

Check the price guide now, lots of green, many MPL dates moving up. >>

We're getting there. Still didn't properly update the VDB, '10, '11, '13, '14 & '15. The '11 in 66RB sold for $14k and they bumped it up $250 to $2500??!!

DMWJR · August 12, 2014 11:31AM

<< 

<< 

<< Anyone know how long after an auction it typically takes our hosts to update price guides? It looks like the 1916 in 66+RB was bumped up today by $7,000 to $25,000 but nothing else was done. Strange.... >>

Check the price guide now, lots of green, many MPL dates moving up. >>

We're getting there. Still didn't properly update the VDB, '10, '11, '13, '14 & '15. The '11 in 66RB sold for $14k and they bumped it up $250 to $2500??!! >>

And the Reds for the most part weren't bumped.

renomedphys · August 24, 2014 6:47AM

<< We're getting there. Still didn't properly update the VDB, '10, '11, '13, '14 & '15. The '11 in 66RB sold for $14k and they bumped it up $250 to $2500??!! >>

That '11 was a no questions really special example. My understanding is that the price guide moves dramatically only when the price history of a majority of the population moves up; not for outliers within the pop.

THE 1909 VDB MATTE PROOF LINCOLN CENT IN PCGS PR67+RB

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