WOW, 2020-D Lincoln Cent Just sold on Ebay

alaura22

A 2020-D PCGS MS-68 just sold for $3950.
Holy cow.................

Tom147

2020 D what ?

alaura22

@Tom147 said:
2020 D what ?

Added to thread tital

Greenstang

Can you supply the link so we can see for ourselves.
MS 68 is a pretty high grade no matter the denomination.

Tom147

Pop 2/1 which is a 68+. no price guide on anything above 67+. Hefty price for a pop 2/1 that has the potential to grow in pop numbers. After all, only 3 years old. Two people wanted it really bad. Maybe I need to go look at my 2020 Mint Sets.

TomB

Here is the ebay link-

https://www.ebay.com/itm/364225155969?hash=item54cd82d381:g:n3QAAOSw6SdkQETl&amdata=enc:AQAIAAAAwHuVi4vFUA+R27oA3wNrkmUMXUa2OuMQakeHa6QH4/B8ya/BRKmxIce6Z5YB3Ban6V2VKToFOXovvICW68OtMsfC6n/mx/NXy6NO4dqoEHHeI89T1VhmmibFJHBAjqRKcKCAXLpUyUxLFrQgpx5uhbHUpCmz4j9t5694zeI37xxQzvRqC8tJu2A+5qZCnxgM+HK9oxhdN70gmVuvMSFA7/Q8/u9VDMi1USgm+8I5mfwI7N8adfrPR8YNqTQax5NeMA==|tkp:Bk9SR6DC4NH2YQ&nma=true&si=%2FYAG1RGgA0en7PfpOBYu1BeuF1Y%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557

PCGS Coinfacts shows a high auction record of $5,000 for an MS68RD on ebay less than two years ago.

TomB

Looks like it started at $1,295 and had three folks bid. The third high bidder dropped out at $1,675.

Tramp

Here's the link.

https://www.ebay.com/itm/364225155969?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=AEPUFPTtRly&sssrc=2349624&ssuid=ruJQcJffQ5m&var=&widget_ver=artemis&media=COPY

Tom147

Nice Lincoln, but $ 4000.00 nice ? Not to me.

Tramp

Someone has a lot of disposable income to chase after that label.

Watch the population go from 2 to 500 or more and watch the price fall. To me that's a money losing proposition.

alaura22

@Tom147 said:
Pop 2/1 which is a 68+. no price guide on anything above 67+. Hefty price for a pop 2/1 that has the potential to grow in pop numbers. After all, only 3 years old. Two people wanted it really bad. Maybe I need to go look at my 2020 Mint Sets.

PCGS pop shows 4 in ms68 none better

jesbroken

Heckuva jump from 67 at $65 to 68 at $3900+. Thought it might be an early find, but no. Wish I had that kind of funds.
Jim

RLSnapper

This is the PCGS Registry effect. Deep pocket collectors who can write a check like that for a coin minted in 2020. Like there are no other MS68 2020D Lincoln cents waiting to be discovered. Maybe next time PCGS has a Bulk Modern deal I will get 50 rolls of these 2020D cents and pick the best coin from each roll. Like going to the Casino.

coinbuf

All it takes is two modern registry participants who want or want to maintain their top registry spot and money is no object. Just last week a member here sold a 2010 cent for a huge sum to (I assume) just such a buyer. I get that this is a hobby and the possibility of losing some portion of the value of our coin purchases is not uncommon; but modern registry players seem to really be willing to lose a significant portion of their coin budget.

telephoto1

Fools game gambling at the top pop casino, especially with something this new. Results like this usually lead to a cascade of freshly broken rolls and mint sets leading to more subs and inevitably higher pop numbers.

Bochiman

Registry set game....

That said, anyone that thinks it is easy to get 68 from PCGS on these is likely not as knowing about them as they think...
I haven't paid attention to mint sets in the last few years, but I'm guessing, since there aren't dozens and dozens already, it isn't as easy as some think

alaura22

I cracked open a few 2010 mint sets last week and I'd be lucky to get a MS66 out of the Lincolns. They are so bad that I won't even risk a submission.
To get a MS68 is crazy hard

braddick

Here is one that is a grade less (looks the same to me) with a discount of $3,800.00.
https://www.ebay.com/itm/364225580396

braddick

alaura22

I picked one up last week from the same seller, mine is a MS67, received it today and I'm completely happy with it.

124Spider

@coinbuf said:
willing to lose a significant portion of their coin budget.

I think you may be assuming a fact not in evidence--the existence of a "budget" for those folks.

alaura22

Do millionaire/billionaires have budgets?

ctf_error_coins

I just today paid 4 figures for a 2020 Nickel

alaura22

So I guess that answers my question

oih82w8

The seller lost me at "penny".

coinbuf

@124Spider said:

@coinbuf said:
willing to lose a significant portion of their coin budget.

I think you may be assuming a fact not in evidence--the existence of a "budget" for those folks.

What was I thinking!

Glen2022

Personally, I'd go for the 67 and keep the extra $3800 or so in the bank or buy a nice $20 Saint.

coinbuf

@Glen2022 said:
Personally, I'd go for the 67 and keep the extra $3800 or so in the bank or buy a nice $20 Saint.

Or you could buy an NGC 68 for $300 and still buy that $20 Saint.

airplanenut

@ctf_error_coins said:
I just today paid 4 figures for a 2020 Nickel

How many of those figures are to the right of the decimal point?

Clackamas1

@ctf_error_coins said:
I just today paid 4 figures for a 2020 Nickel

I have a POP 2/0 2008 P FS Jeff I am thinking of selling. Up for trades. It is a 67FS.

Clackamas1

For those bashing modern coins, they can be really hard to find/make. I put together the #1 circ strike 2006 set and that was so much work I can't convey it. I went through probably $30-$40K in face for that set.

alaura22

@oih82w8 said:
The seller lost me at "penny".

The cent, the United States one-cent coin, often called the "penny", is a unit of currency equaling one one-hundredth of a United States dollar. It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857. Wikipedia

braddick

Bochiman

@Clackamas1 said:
For those bashing modern coins, they can be really hard to find/make. I put together the #1 circ strike 2006 set and that was so much work I can't convey it. I went through probably $30-$40K in face for that set.

Curious...was it like you did for 1968 or was it a lot of bank rolls as well?
I know for 1968, you did a lot of mint sets

Bochiman

@alaura22 said:

@oih82w8 said:
The seller lost me at "penny".

The cent, the United States one-cent coin, often called the "penny", is a unit of currency equaling one one-hundredth of a United States dollar. It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857. Wikipedia

Yeah, it's like the old "po TAY to" vs "po TAH to", or "soda" vs "pop" argument.....it shouldn't be an argument because everyone with 1/1000000 of a brain knows what you are talking about but they just want to be funny or argue

Clackamas1

@Bochiman said:

@Clackamas1 said:
For those bashing modern coins, they can be really hard to find/make. I put together the #1 circ strike 2006 set and that was so much work I can't convey it. I went through probably $30-$40K in face for that set.

Curious...was it like you did for 1968 or was it a lot of bank rolls as well?
I know for 1968, you did a lot of mint sets

No, I found a seller on Ebay that had thousands of mint set coins in rolls (all 1968). At first I was sceptical, but after a few rolls - I just bought them all. The 1968 set was easier. I did spend over $10k on the rolls. I challenge a sceptic on moderns to just put together a #1 mint set set. If you want to save money just make the coins.

jmlanzaf

@Bochiman said:

@alaura22 said:

@oih82w8 said:
The seller lost me at "penny".

The cent, the United States one-cent coin, often called the "penny", is a unit of currency equaling one one-hundredth of a United States dollar. It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857. Wikipedia

Yeah, it's like the old "po TAY to" vs "po TAH to", or "soda" vs "pop" argument.....it shouldn't be an argument because everyone with 1/1000000 of a brain knows what you are talking about but they just want to be funny or argue

Agree. Even the Mint uses "penny" sometimes.

BuffaloIronTail

@coinbuf said:
All it takes is two modern registry participants who want or want to maintain their top registry spot and money is no object. Just last week a member here sold a 2010 cent for a huge sum to (I assume) just such a buyer. I get that this is a hobby and the possibility of losing some portion of the value of our coin purchases is not uncommon; but modern registry players seem to really be willing to lose a significant portion of their coin budget.

To each their own. This is a "Hobby". If they have the means, more power to them.

A Grunt like me can't worry about what the Generals above me are doing.

Pete

ricko

That is a significant price... The registry set explanation is logical, I have seen that angle stimulate the bidding fever many times... Imagine what an MS69 will go for... with CAC. Cheers, RickO

joeykoins

Good for the seller and the buyer!
I sent one in last year too. It only got to ms 67. Close, but no cigar.
I see, braddick maybe has one as well?

Mine is pictured in PCGS 's 2020d category!

ctf_error_coins

2020 ...

RLSnapper

In another thread there was discussion about NGC grades being looser or coins
of the same grade having lesser value in an NGC holder. This 2020D cent in NGC MS68 RD can be yours for $299 on Ebay. Questions answered.

alaura22

@RLSnapper said:
In another thread there was discussion about NGC grades being looser or coins
of the same grade having lesser value in an NGC holder. This 2020D cent in NGC MS68 RD can be yours for $299 on Ebay. Questions answered.

Just an over priced PCGS MS67.................
IMO

Tom147

@alaura22 said:

@Tom147 said:
Pop 2/1 which is a 68+.

PCGS pop shows 4 in ms68 none better

My bad there. Looking at the 2020-P

mr1931S

@RLSnapper said:
This is the PCGS Registry effect. Deep pocket collectors who can write a check like that for a coin minted in 2020. Like there are no other MS68 2020D Lincoln cents waiting to be discovered. Maybe next time PCGS has a Bulk Modern deal I will get 50 rolls of these 2020D cents and pick the best coin from each roll. Like going to the Casino.

ah, go to the casino and chase bad money with your good there. What's a 50 penny submission going to cost you? $2000 or more?

ProofCollection

@RLSnapper said:
In another thread there was discussion about NGC grades being looser or coins
of the same grade having lesser value in an NGC holder. This 2020D cent in NGC MS68 RD can be yours for $299 on Ebay. Questions answered.

Just cross it over to PCGS. Easy.

Not.

percyb

I'd like to know how one distinguishes an MS 67 from an MS 68.
Show me the difference, other than the holder.

ProofCollection

@percyb said:
I'd like to know how one distinguishes an MS 67 from an MS 68.
Show me the difference, other than the holder.

While there are some consistency issues so this isn't always the case, MS68's will have only 2 or 3 flaws/marks/dings, and 67's can have probably about 5-10 (between obv and rev). Location and severity factor in as well. These aren't official guidelines or anything, just a rule of thumb I have noticed.

erscolo

I am collecting mint state (and proof) Lincoln Cents and have a close to complete collection from 1930-2022, missing mainly the ten years from 2000-2009. Mine are MS 66 in Wheat Cents and MS 67 in Memorial and Shield Cents. I will seldom purchase the top grade, too much hype and volatility. I collect for the enjoyment of having this series, and continue to work on finding the gaps I am missing. Neither MS67 nor MS68 are perfect, and really neither is MS70 when they exist. Each is progressively less impacted by flaws the higher the number, and the 66 and 67s work very nicely for me, in NGC and PCGS slabs since it really is the coin I am after.

mr1931S

@erscolo said:
I am collecting mint state (and proof) Lincoln Cents and have a close to complete collection from 1930-2022, missing mainly the ten years from 2000-2009. Mine are MS 66 in Wheat Cents and MS 67 in Memorial and Shield Cents. I will seldom purchase the top grade, too much hype and volatility. I collect for the enjoyment of having this series, and continue to work on finding the gaps I am missing. Neither MS67 nor MS68 are perfect, and really neither is MS70 when they exist. Each is progressively less impacted by flaws the higher the number, and the 66 and 67s work very nicely for me, in NGC and PCGS slabs since it really is the coin I am after.

Sounds like an awesome set to behold. I heat seal my red pennies not in slabs in saflips on all sides, cutting the saflip down to 1-1/2x1-1/2 inch size. I once did an experiment of immersing in water a mint red zinc penny heat sealed in a saflip. Left the coin in saflip with something heavy holding it down in a bowl of water for two weeks. Absolutely no moisture got inside the saflip to get onto the penny after two weeks of immersion. All of my red pennies that are not in slabs are heat sealed in saflips. I stopped with the penny collection at 1974 when I saw that the production of pennies from a mint first exceeded 5 billion pieces in 1975.

124Spider

@Bochiman said:

@alaura22 said:

@oih82w8 said:
The seller lost me at "penny".

The cent, the United States one-cent coin, often called the "penny", is a unit of currency equaling one one-hundredth of a United States dollar. It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857. Wikipedia

Yeah, it's like the old "po TAY to" vs "po TAH to", or "soda" vs "pop" argument.....it shouldn't be an argument because everyone with 1/1000000 of a brain knows what you are talking about but they just want to be funny or argue

Yeah, it's eye-rollingly pedantic to even take any real notice of the use of the term "penny."