1 million dollar Kennedy half? I don't think so...
LCS
Posts: 98 ✭✭✭
I found this to be just strange...
https://m.facebook.com/groups/799709970657671/permalink/930817970880203/
Robert Julian
https://www.facebook.com/The-Lincoln-Cent-Society-100642398772232/?ref=page_internal
https://lincolncentsociety.wixsite.com/thelincolncentsoci-1?fbclid=IwAR0CZj-XEHNxKBhu2jnrzzE66P3kce1SEI_KXDNOM_iLw_KZVcVleSLrTBc
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Lots of strange people out there @LCS
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
Did you check out the other posts on the group. Crazy stuff. It is as if they are running an error forum on Etsy...
Robert Julian
https://www.facebook.com/The-Lincoln-Cent-Society-100642398772232/?ref=page_internal
https://lincolncentsociety.wixsite.com/thelincolncentsoci-1?fbclid=IwAR0CZj-XEHNxKBhu2jnrzzE66P3kce1SEI_KXDNOM_iLw_KZVcVleSLrTBc
@LCS i did look at some of them. The internet has its downside
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
I don't knowingly click on ANYTHING related to Facebook.
You should check out my facebook page. The link is at the bottom of the page (forgive the blatant self promotion)......
Also, you have to check out this site. Top notch, smart group. They don't just let anyone and everyone join...
https://www.facebook.com/groups/281634085880277/permalink/897086624335017/
Robert Julian
https://www.facebook.com/The-Lincoln-Cent-Society-100642398772232/?ref=page_internal
https://lincolncentsociety.wixsite.com/thelincolncentsoci-1?fbclid=IwAR0CZj-XEHNxKBhu2jnrzzE66P3kce1SEI_KXDNOM_iLw_KZVcVleSLrTBc
The original poster found a major rarity (a 1977-D 50c struck on a 40% silver planchet) and wanted to know why his coin wasn't worth more. Sounds like a pretty sensible question to me.
The answers he received were more or less useless, except for the very last one that cited supply and demand. The supply is extremely low, but the demand is also too low for such a coin to sell at, say, the price of a 1943 bronze cent. Why is the demand low? Presumably, they have never been well-known enough. This was all before my time, but it's my impression that the transitional errors of the 60's and 70's were never "household names" like the 1943 bronze cents were.
Frankly, it's kind of a shame - especially for someone who, against all odds, finds one of these in the wild. If these coins had been better publicized in the mainstream media at the time of their discovery, things might well have turned out differently. No coin commands, say, a six figure price tag unless it captures the imagination of the collecting public in a very special way. No one knows in advance what coins will do so, but they certainly can't capture anyone's imagination if people don't know they exist.
For the 1977-D 40% silver half, it's already too late - it has an established record of selling for up to ~$7,000, and that record is what will inform the expectations of future buyers.
The original poster knew enough about errors to recognize what it was...
The original poster knew enough to send it in to a 3rd party grader to have it certified.
The original poster was offered 6k for the piece, which I think is in the ballpark for such a piece.
And yet he is unfamiliar with how to research value and price history.
I have a rare 74 D Lincoln cent struck on a phillipine 5 Sentmos planchet. It is not something that you come across very often, if ever. I did my research and figure it should sell for about 1,500 bucks. If I had it certified by PCGS it would be the top pop because it would be the only one...
Maybe I should have it certified and ask for 100k. Maybe someone will buy it. But most likely no...
Robert Julian
https://www.facebook.com/The-Lincoln-Cent-Society-100642398772232/?ref=page_internal
https://lincolncentsociety.wixsite.com/thelincolncentsoci-1?fbclid=IwAR0CZj-XEHNxKBhu2jnrzzE66P3kce1SEI_KXDNOM_iLw_KZVcVleSLrTBc
Many people are lost on the concept that collectibles/antiques needs two things to be worth a lot of money: rarity, and desirability. I could have the worlds only antique mint green toaster, but if no one wants or collects antique mint green toasters it doesn’t matter
I see your point, but perhaps he's still fairly green and this is the first rare coin he's dealt with. If that's the case, it seems like a natural and sensible question to ask. The price history doesn't tell him "why", and that was really his question - why isn't my coin worth more?
If it were publicized and collectors wanted it for a set, it would be worth more.... The lack thereof, confines it to lower value. Cheers, RickO
I have what I consider a rare coin (1968d penny struck on silver dime planchet) that has been posted on this forum and published but the estimates I received were not high relative to my cost.
The best advice I received was to find what a rare one-of-kind coin is worth is to place in an auction and hope at least a couple of people (hopefully deep pockets) want it.
Problem I see with these coins is do we try and sell them before our family has to deal with it.