Another few Proof Lincoln Cent Geniuses

STEWARTBLAYNUMIS

I was checking the internet bidding on the Proof Lincoln cents this morning.I fell off my seat when I saw a disturbingly unappealing
1910 graded Proof 67 red bid at $21,275, as well as a 1916 with two different colors,light on the obverse and deep red on the reverse,bid at $16,675,and the topper a 1979 Proof Lincoln cent with staining graded at Proof 70 and already bid at $9,000.And the live Auction has not as yet started !!!!

Maybe I'm a Numismatic ignorant as I don't get it.Please inform me.

Stewart

wondercoin

"as well as a 1916 with two different colors,light on the obverse and deep red on the reverse,bid at $16,675"

you forgot to mention the spots

Wondercoin

dpoole

Those are the slab collectors, Stewart. And quit being so critical. Slab collectors need love, too.

shylock

I think you do get it because you purchased so many great coins before the Lincoln rush. Seems like a lot of the new money being thrown at coins these days loves Lincolns.

DMWJR

I spent all my coin money by the 5th of this month, so I'm sitting out Charlotte anyway.

I don't get that much money either. It's rediculous. A couple of 66red VDB's sold last year for that kind of money, but a 1910? Even in 67, not worth that much. Somebody is throwing around some serious jack though and making upgrades for me almost unattainable.

Gerry

Stewart: I hope you didn’t hurt yourself too badly when you fell.

As one of that kind of buyer put it to me in an email this very day: Why is it so hard for people to comprehend that I buy the tag, not the coin? Let it be. Sellers are happy to have them in the game. Are they stealing your hobby?

Remember what I told you at Parsippany last year about unfortunate consequences from the registry. Now you are the oddball, Stewart. You still look at the coin. But you are certainly not a Numismatic ignoramus (sic) – you are a Numismatic genius and multi-$$$$$$$$$$$$$.

And what about the 1992S, 1993S and 1994S? Two years ago you could get all of these 70s you wanted for $200 or less. I hate (not really) to tell you I bought them all for $187 each and got a lecture from one renowned dealer about how much more valuable state quarters were.

God, hindsight is wonderful – sometimes.

STEWARTBLAYNUMIS

Gerry

Since you know a guy that buys a tag,What kind of tag does he need to spend $100,000 ?

Mitch

I did forget the spots .













Stewart

Gerry

Stewart: I don't condone buying tags, and anyway if he spent $100K on your coins I am sure he would get $200K in value.

Gerry

STEWARTBLAYNUMIS

Gerry

You are truly a shady character !!


Stewart

wondercoin

"I was checking the internet bidding on the Proof Lincoln cents this morning.I fell off my seat when I saw a disturbingly unappealing
1910 graded Proof 67 red bid at $21,275"

I bet $21,275 would have been very appealing to the high bidder. I think it closed in the mid-30's Wondercoin

EVillageProwler

Stewart, Gerry, Mitch, et al:

I am grossly ill-informed regarding this market, and would be interested to know your thoughts regarding how well and for how long this market can sustain itself at the current pricing levels.

Regards,

EVP

lincolnSence

EVP - it probably will not end until the Lincoln cent is no longer made by the government. At that point it will then immediately double!!!!! What I can't figure out is why every update you read about the coin hobby being on fire fails to even mention Lincolns. Every show update says hot, hot hot. Never mentioning the series. WOW, these other series must really be HOT!

DMWJR

I don't know how long it is going to last, but I may have to consider paring down my proof Lincolns to one set and sell the second string.

STEWARTBLAYNUMIS

EVP

In auction,out of auction there is generally unlimited funds.My vision sees finest known Indian and Lincoln cents reaching levels comparable to half cents and large cents forty years ago And with Lincoln cent proofs getting hotter than hot, there is still a way to go because of popularity.

EVillageProwler

So... they've become like Morgans?

EVP

Typetone

I'm not sure what everyone's problem is on the 1910. It looks like a beautiful coin from the Heritage Image. And, it is a pop 2 with none higher. Plus the series is on fire. Seems like an easy $10,000+ coin without even thinking. The exact amount just depends on how much the bidders want it. $36,000 seems fine. A lot of well-heeled collectors want the best of this series, and it seems that's what they got. Will they make money on it. Who knows or cares? The buyer may well plan never to sell it. As, I've said before, if you think the price is too high, offer one for sale. The fact is you can't because you don't have one. Whoever, has the other 67RD is qualified to talk, and he or she doesn't seem to be in a rush to sell at these prices.

Lincoln Sense, just check the DHRC market report. For some time now he has been calling Lincolns hot, hot, hot!

Looks like the top pop fever is moving down into the classic coins now. Can't laugh at the modern guys anymore, can we?

And finally, for bums like me with beautiful proof Lincolns but not finest graded, no point in rushing out to sell. The prices of ours are not flying. It is the top graded low pops that are in demand. Whether we think it makes sense or not, doesn't really matter, the market rules!!

Greg


BTW, Stewart, you are the only one I know who can conceivably have the other PR67RD 1910. If you have it are you selling at these prices. There certainly must be an anxious underbidder.

DMWJR

Proof Lincoln Cents
>>>1910 1C PR67 Red PCGS. Only 2,405 proof Lincoln Cents ... 8 bidders $36,800.00


Possible conclusions:

1. Two people have more "cents" than "sense."
2. Two people have so much money that sense is irrelevant.
3. $36,800 for a 1910 Proof Lincoln is still a better investment than the stock market.
4. Drugs and alcohol are involved . . . .

STEWARTBLAYNUMIS

There was also an undertbidder on the 1963 at $39,100

I guess the 1910 was a bargain at ONLY $36,800


Stewart

tradedollarnut

How come nobody talks about top pop Barber dime madness?

STEWARTBLAYNUMIS

TDN

Since you asked,I was the underbidder on the 1907 d.I put a maximum of $20,000 on the coin and from what I understand Laura won the coin.Iwas on the phone and I heard she had nerve gas eminating from her.The coin was a wonderful coin and I don't think the price was at all too much for the quality.As a matter of fact if she doesn't want the coin I will buy it from her.

stewart

DMWJR

Anybody know if these were closing prices, or just the close of internet bidding?



2165195378 Lot 5266: 1980-S 1C PR70 Deep Cameo PCGS. An $3,100.00 6 Ended --
2165195381 Lot 5267: 1992-S 1C PR70 Deep Cameo PCGS. Per $1,200.00 22 Ended --
2165195385 Lot 5269: 1993-S 1C PR70 Deep Cameo PCGS. Per $450.00 6 Ended --
2165195386 Lot 5270: 1994-S 1C PR70 Deep Cameo PCGS. Abs $1,100.00 3 Ended --

Gerry

Doug: I believe those are final prices without the buyers' premium.

DMWJR

STEWARTBLAYNUMIS

Gerry

What else can you tell me? You seem very knowledgeable.

stewart

Gerry

How about ............ Buy low and sell high ................ but I guess you already know that

roadrunner

Well I guess it's about time to sell my pop top Liberty seated coins and get into some 20th century coinage with high current demand and more potential. Any idea?

roadrunner

merz2

Finally a thread from Lincoln members.I love it.The prices being realized are high.I believe they will go higher still.Wait until 2009.The hundreth anniversary will soon be here.Then the popularity of the Lincoln Cent will surely come out.

Lakesammman

There is still alot of upside in the small cents. I believe comparably rare coins will trade on a par with the mercs, buffs and morgans one day.

DMWJR

Here's a fun read from 6.5 years ago. An interesting look back at the market in 2003, and some good times on the registry board.

RBinTex

A blast from the past.

Sorta like introspectively looking at 1st season Seinfeld shows knowing full well the relationships, personalities, quirks, etc. that developed over the following nine years and noticing that "they were different then" yet still familiar and somehow still the same after all.

Steve

<< <i>A blast from the past.

Sorta like introspectively looking at 1st season Seinfeld shows knowing full well the relationships, personalities, quirks, etc. that developed over the following nine years and noticing that "they were different then" yet still familiar and somehow still the same after all. >>



Thanks Doug for bringing this back. Interesting now that the top 3 in Proof Lincolns are still Gerry, Stewart and you.
Steve

Duane

<< <i>and the topper a 1979 Proof Lincoln cent with staining graded at Proof 70 and already bid at $9,000.And the live Auction has not as yet started !!!!

Maybe I'm a Numismatic ignorant as I don't get it.Please inform me.

Stewart >>



Stewart - I'm not sure what this "nu-mis-ma" thing you mention is all about, but when I bid on the 1979 pennie, I did so as 1979 is the year that I was awarded my 3rd Ph.D. in rocket science. I wanted to buy a commemorative coin for that year. The pennie does have a nice shiny surface and they even say it looks like a ladie's cameo, right? But I stopped bidding when I saw your informative message as I realize now that it may be a better strategy (for investment purposes) to buy an even older one (from maybe even the 1960s). I was thinking on personal terms when I should have been considering my purchase as an sound investment, so I will look for a better pennie. Thanks for the tip.

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