why is this 1909 lincoln cent bid so high?
joebb21
Posts: 4,715 ✭✭✭✭✭
It is not mine- and I have no interest in it per se.
grey bid looks to be 280 in ms66 and 1200 in ms67
this would have to be 67+ which I guess some people think it is
may the fonz be with you...always...
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Are there those who believe it's proof?
(It's not.)
I look forward to other collectors'/dealers' responses.
peacockcoins
Good question, unless as braddick suggested and a few bidders think it is a proof there is no logical reason for that. It is a very nice coin but I do not see it upgrading to a 68 from the photos, maybe in hand or at lot viewing some peeps saw something I'm missing. Really has me wondering if I should be selling these days, lol.
I've bid on and am tracking a handful of coins in this auction, but I've already been out bid on every lot I did bid on and those I'm tracking are heading into moon money territory. This has been the trend I have been seeing, bidders are very hungry and if they want a coin the cost (or any bid premium) is no concern.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I do not believe this is a proof. But it looks like it could be a 67 condidate. None the less, that price seems out of wack.
Interesting.
PCGS and perhaps CAC don't think so.
peacockcoins
It definitely is not a proof. None of the diagnostics for either die are present.
- Bob -
"Central Valley" Roosevelts
MPL's - Lincolns of Color
Inquiry? When you see grading reports for example 186/35, does that mean 186 in that grade with 35 higher graded?
@GiveMeProof yes it does for that designation. ie red or red brown brown. Fb. Cam and dcam etc.
Martin
Thank you @Martin Appreciate it.
Perhaps 2 rich bidders in a bid war.
Maybe someone thinks it's a rare proof doubled die discovery, and they are going to post it on the forum.
And we will welcome this new member and confirm their new great discovery.
Not a proof but I could understand someone looking to cherrypick, and not being expert enough in it, to think it may be
Not a 67. Nope. Uh uh
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Ah the mystique of auctions.... So often, this question is asked... There could be several reasons, or just two determined bidders... It really is why they hold auctions...Cheers, RickO
DDO -> doubling seen on second 9
similar to early FS-1102 seen on 1909 VDB
How much did it sell for? I cant see without an account.
The seller must be happier than h%$#.
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$5,640
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Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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Jim
Edited to add:
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
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It takes 2 to run up the bid. Clearly there were 2 here who thought something we do not
Ignoring the price, it is a really pretty coin.
Very clearly not a matte proof. Would someone have paid that much to make the first 1909-P gold sticker (in any grade/color)?
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I sold a generic coin thru GC for 8X CAC list last year. Was in a rattler and a very nice toned coin as a 66, but CAC just gave it a green (I only sent it in because I thought it might get a gold sticker). I didn't even follow the auction and was shocked the next day. No clue.
That is a pretty coin, but there are marks on the obverse that, IMHO, might keep it from 67 or higher.
Out of the many 1909 Cents saved because they were the first year of issue, the OP coin is an upper crust specimen.
Perhaps some deep pocketed collector wanted to "pretty up" their collection.
When it comes to being loaded, all bets are off.
Pete