Anybody watch the Lincolns on TT Tonight?

dldallen

1950 MS67RD, last I saw before closing was $1,350

1963 MS67RD, last I saw before closing was $2,350

Don't know if it was the slab or not but the 1950 appeared to be more of an MS66RD to me - no picture of the 1963. Anybody else watch?
Dave

wondercoin

I just spoke with the underbidder on the 1963 Lincoln. He backed off at that underbid level, but, frankly, could probably have bid to close to $4000 and still lost the coin. That is one tough coin in MS67RD grade from my experience.

News flash: If, and when the 1963(d) Lincoln comes up in MS67RD, watch for a price between $5,000-$10,000+ My research suggests the 1963(d) Lincoln in PCGS-MS67RD is as tough as any Lincoln going back to 1931(d) -tougher than even the 1935(s) in MS67RD. Wondercoin

Placid

I watched the Jeffersons on BET.

dbldie55

That one sold for $2,500 (the 1963)

clackamas

>1963(d) Lincoln in PCGS-MS67RD is as tough as any Lincoln going back to 1931(d) -tougher than even the 1935(s) in MS67RD. Wondercoin

Wondercoin,

Ok I agree the early 60's Lincoln's are tough, perhaps as tough as the 1950's Lincoln's but to put it in the league of the 35-S is not quite responsible and in the 31-D league is plain garbage. A GEM BU untouched roll of 35-S wheats gray sheets at $750 when in all probability is worth more. I own a 35-S OBW roll and the strikes on a good portion of some coins are extremely poor to any 1960's standards. Couple this with a much smaller mintage and you see that calling a 63 in 67RD as tough as a 35-S is IMO tough to sell.

The 1935-S has a total of 537 total graded coins while the 63 has a total of 79 graded coins. You can buy OBW rolls of early 60's coins on Ebay all day long for a few bucks. The fact is that there is so little interest in the late Lincoln series that the HQ coins go for far more than they should. I believe there are literally hundreds of 67 and even 68's sitting in the literally thousands of OBW rolls of 63 that still exist. I bet you there are fewer 35-s rolls left intact than there are spotted owls or most other species on the endangered species list.

I sincerely believe I can buy $1000 worth of OBW 1963 Lincoln's on Ebay and come up with at least 1 MS67 and more probably 20 or more.

IMO of course.

Brian

gmarguli

I believe there are literally hundreds of 67 and even 68's sitting in the literally thousands of OBW rolls of 63 that still exist.

Maybe, but somewhat doubtful they will be found. I'm sure lots of condition rare coins are out there just waiting to be found. However, for most they likely won't be found.

I've looked thru around 50 original rolls of 1963 P&D in the last few months. These were original rolls where I am EXTREMELY confident they had 1 owner before me. I found lots of garbage. Shouldn't I have found at least 1 MS67 or MS68? Quality wasn't a concern for the mint.

clackamas

Greg,

I do not have a redbook handy but I bet there were at least 100X the amount of 63-P's minted vs. 35-S's, perhaps 1000X. In 1935, during the depression people were far less likely to save an original roll of coins than in 1963. I will believe this hypothesis when perhaps the number of graded coins from 1963 approaches the number graded for 1935-S's but not until then. I am not saying they are easy to find but with your 50 rolls you went through about $150 worth of coins, multiply this by 5 and you will equal a roll of 1935-S cents. For $2,500 for a 67 I would rather buy a couple of hundred OBW rolls and take my chances, at least for now. Which would you choose?

Brian

wondercoin

Brian: The 1963(p) is a "cakewalk" compared to the 1963(d). There have only been (6) MS66RD 1963(d) thus far and I have made 4 of them myself. Well, me "and my army". Five years project thus far to make those -4- MS66RD's. You can throw away your statistics and theories. Spend the next 5 years trying to make an MS67RD and then report back Wondercoin

mnmcoin

Just because there are only 79 graded, doesn't mean that people just don't feel like or haven't gotten around to submitting them.

mo <><

clackamas

>Just because there are only 79 graded, doesn't mean that people just don't feel like or haven't
gotten around to submitting them.

Ok, I wont be harsh but that statement does not make any sense. If
people felt like it and had gotten around to it then the pop would be
higher. C'mon only 79 graded, this is a roll and a half of 100 Million
rolls made? I made one of the 63's in 66RD and got it on my first roll
and have submitted 10 35-S in the last year with yet a 66RD much less a
67. I am not buying it. Its not an easy coin in 67 but it will become
quite a bit easier with that kind of money chasing a 67RD, and a huge
planet away from finding a new 35-s in 67RD much less a flippin new 31-D
in 67RD. Totally different league.

truthteller

Now for the real answer. Would anyone pay $4000 for the 1963D lincoln outside the holder? This is where money and the collector are soon parted.

WISE OL' TRUTH

dldallen

I agree these early Lincolns are tough and like many of you, I've gone through many rolls myself with no decent finds. It does seem that several high grades were made recently so maybe there are some more coming. I wouldn't pay $4k sight unseen for a raw one, just like I wouldn't pay it for a TT coin that is not pictured, even if I had the $4k! Dave

wondercoin

"Now for the real answer. Would anyone pay $4000 for the 1963D lincoln outside the holder? This is where money and the collector are soon parted"

Truth: The last 1935(s) Lincoln in PCGS-MS67RD (I was comparing 1935(s) to 1963(d) to give an idea just how tough the 63(d) Lincoln is in MS67RD IMHO), I got on consignment from one of the "top 3 " Lincoln guys who had an extra. I put on ebay, had some new collector hit the BIN (for around $7500 as I recall) and THEN ask me if it was OK to have his dealer (helping him assemble Lincolns) give him the "go ahead" to buy the coin for his collection. He had that bidding process a little mixed up!

Anyway, I agreed and, according to the ebay winner, he thereafter asked to void the deal (which I did of course) because his dealer essentially told him the coin was no good (my consignor loved hearing that one). Would anyone pay $5000 or $6,000+ for this 1935(s) Lincoln "outside the holder"? Certainly no collector I know. And, depending on the quality of a 63(d), you may be right there too. But, if some special, very high end MS67+ 1963(d) Lincoln was presented, there would likely be some players in the raw coin. But, in all fairness, this cuts across all series - would collectors pay $30,000 for the raw Oregon if popped out of the PCGS-MS69 holder? Maybe the same couple serious types that might play ball on the 63(d) Lincoln raw at $4,000 Wondercoin

Keyrock

After seeing the 71S PR69DCAM go for over 10K, not too much would surprise me. I think Mitch is right, find the coin (it would be a pop 1) and the dollars will fly.