1936(d) Lincoln Cent (NGC-MS68RD): No PCGS
wondercoin
Posts: 16,973 ✭✭✭✭✭
I was just consigned a 1936(d) Lincoln Cent grading NGC-MS68RD. The online NGC pop is 2/0 and the PCGS pop is 0. Here is another perfect example of the reality of the PCGS Lincoln Cent market today. PCGS grades very few copper Wheats in MS68RD. If PCGS were to grade a 1936(d) Lincoln in MS68RD grade (and the coin was nice for the grade), I doubt many Lincoln experts would argue with my estimate that the coin could command $10,000 or much more at auction. Indeed, the 1955(s) Lincoln in PCGS-MS68RD closed in on that level and likely would have gone even higher if I chose to bid a couple more times (I had no interest in "running up" the price on the 1955(s) Lincoln, but I believe I was the underbidder).
This NGC-MS68RD coin is available for well under 50% (probably under 60%) of the likely PCGS price for the same grade coin. And, why is that? First, the dealer that recently bought the coin out of the Heritage auction gave his bid of $4,025 to one of the top Lincoln Cent dealers in the country to execute for him - a dealer that primarily focuses on super high grade PCGS product for his customer base. Basically no competition for the NGC Lincoln resulted in a purchase price well under the dealer's max bid. Had the dealer paid $4,025 for this coin as he was fully prepared to do, the price today would naturally be higher. Second, IMHO, the coin will not cross to PCGS-MS68RD. The PCGS "bar" is raised high right now and this coin would not meet the requirements for a PCGS-MS68RD (with no disrespect intended to NGC, as I am not commenting on which grading company is setting the "right" standard for the MS68RD line at this time).
So, we get back to the question of what the NGC coin is worth in the top grade where PCGS will not cross it and the PCGS spread on the coin is likely in the range of roughly 30x between the top grade and one grade under!!
I can't answer that, but PM me if you have any serious interest in this coin.
And, if you want to talk about Lincolns in general, feel free to do so on this thread.
I personally wonder if the same thing might happen with Lincolns as has happened this past year with Wash quarters - namely, that in the "pop top" grade, the NGC product pricing might move up sharply to close the huge gap between PCGS and NGC pricing. What do you think?
Wondercoin.
This NGC-MS68RD coin is available for well under 50% (probably under 60%) of the likely PCGS price for the same grade coin. And, why is that? First, the dealer that recently bought the coin out of the Heritage auction gave his bid of $4,025 to one of the top Lincoln Cent dealers in the country to execute for him - a dealer that primarily focuses on super high grade PCGS product for his customer base. Basically no competition for the NGC Lincoln resulted in a purchase price well under the dealer's max bid. Had the dealer paid $4,025 for this coin as he was fully prepared to do, the price today would naturally be higher. Second, IMHO, the coin will not cross to PCGS-MS68RD. The PCGS "bar" is raised high right now and this coin would not meet the requirements for a PCGS-MS68RD (with no disrespect intended to NGC, as I am not commenting on which grading company is setting the "right" standard for the MS68RD line at this time).
So, we get back to the question of what the NGC coin is worth in the top grade where PCGS will not cross it and the PCGS spread on the coin is likely in the range of roughly 30x between the top grade and one grade under!!
I can't answer that, but PM me if you have any serious interest in this coin.
And, if you want to talk about Lincolns in general, feel free to do so on this thread.
I personally wonder if the same thing might happen with Lincolns as has happened this past year with Wash quarters - namely, that in the "pop top" grade, the NGC product pricing might move up sharply to close the huge gap between PCGS and NGC pricing. What do you think? Wondercoin.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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Comments
Wondercoin
Regardless of the holder, I'm sure it's an attractive coin that should garner enthusiasm among cent collectors.
peacockcoins
Seriously, I simply see what isn't crossing these days at PCGS and based my comment on reality. Also, the dealer that bought this coin from the auction is regarded by most of the very, very top Lincoln collectors and dealers in the country as having the best "eye" in the business on copper (hey, Stewart is right up there too, so no offense intended to Stewart
Wondercoin.
Hey, anything to piss off the Mecury dime people!
Tim
but you should really put a picture up of the coin. I have seen it but others may not have.
it really is a nice coin.
rob.
Wondercoin.
it's just easier for some if they see it .
rob.
I'm not so sure it wouldn't cross at this time.Think back to the post where David Hall was surprised at the 20% NGC crossover rate.I'd send it in cross only at same grade.With a coin of such high quality,even a great scan wouldn't do much good.Even if it didn't you'd only be out the $30.As to value,I'd say at least $4,000.If I had the money,I might even try for it.
Registry 1909-1958 Proof Lincolns
Let's say that by some miracle, the coins did cross. Would it be worth more then, or would it at least sell for a higher price? If so, why?
Greg
Greg: As you know, collectors routinely pay more (sometimes, greatly more) for the PCGS slabbed coin (vs. any other grading company for the same grade) in the area of Lincoln Cents, as well as many other 20th Century series. As to the "why", there are numerous serious Lincoln Cent collectors on the boards, so I defer to them to discuss why they chose to do so.
I know that there are so many ms67 ngc Washingtons out there that the collector base and guys who horde ngc ms67 Washingtons will never take these coins off the market!!! the price structure between PCGS and ngc will take untill the moon is the next state quarter. Simplely put if ngc stops giving ms67 grades for the next ten years the price spread will remain the same.
Looking for a few more Washington varieties
1935d RPM#2
1939d RPM#2
1942d RPM#4
1942s RPM#2
1943d RPM#1 RPM#6
1950d RPM#5
and of course 1943 (DDO-011) AU or better
ZAPS COINS
Bob
You use to be a lawyer
I still think you are a lawyer
Good Luck
Stewart
Bob: Of course, your comment concerning Wash quarters is simply not the case with respect to Lincoln Cents in MS68RD grade. I remember that when I offered out the 1950(s) Lincoln in NGC-MS68RD on these boards earlier this year, besides that 1950(s), there was only -1- other NGC-MS68RD Lincoln in the entire series from 1944-1958 ever graded by NGC! As for your thoughts on the Wash quarters, I totally agree with you, as well as Roosie dimes. There are simply far too many NGC-MS67 coins on the market at the moment to be absorbed at anywhere near the levels of PCGS (limited production) coins. Also, to the extent NGC is relentless on its quest to "take off the market" the "problem" low end coins, that may help the situation as well. On the other hand, there is still the potential problem of many of the "PQ" coins leaving their holders via cross.
Wondercoin.