1957 LINCOLN CENT MS67 RED PCGS
STEWARTBLAYNUMIS
Posts: 2,697 ✭✭✭✭
I noticed there was a 1957 PCGS ms 67 Red Lincoln Cent sold on Teletrade tonight.How much did it sell for and who bought it?
stewart
its all gerrys fault
0
Comments
is it really Gerry's fault?
<< <i>That would be $5400 before the "juice"!!! Not bad for a pop 3 coin. I better see if I can find a few hundred rolls to start looking through!! How long before it is a pop 5 coin? Pop 10 coin? Will it ever be a pop 20 coin?? >>
Exactly!!!
>>>Exactly!!!
C'mon Marc, How many 58-D's do you have at PCGS right now? Everyone and their sister has been trying these for the better part of 3 years. With that money being thrown around you would think that POP growing to 5 would be something that would happen rapidly. The fact is that it will never be 20 or 10, these are staying sub 10 forever. You know why? Because they (MS67's) do not exist. Go buy 100 rolls on an easier date (if you can find them - not searched), say 1958 and see what happens. How many hours does it take? Quite frankly $5400 is cheap when you consider how long it takes to make one of these coins. The 58-P Pop has gone from 10 to 13 in the last 3 years. I account for the better part of the 66's in the POP reports. I am telling you that POP will not be a 20 anytime soon.
Jack - How long does it take to make $5400?
The problem with everyone going ooh ahh over $5k for a coin is that you/we are looking at it from a consumer perspective. When you look at something from a professional perspective you see that things are not expensive. In my business it is nothing to spend $50K on a computer or a video deck. Heck I have spent Millions on them and spent $50k just on shipping. But when I went to pay $800 for my home DVD player I about had a cow. It is all about where you are looking at things from. Honestly I think the POP 3 coin for $5400 incl. juice was a good deal - you know why? If you were to try to make that coin, having the skill to see what a true one looked like, purchased the rolls, and spent the time, you would have been better off (from a business perspective) working at McDonalds and buying the coin. If you make $30k a year, yeh its a big deal but if you want the best you have 3 choices. Wait, make it yourself or fork out the cash. It is all up to you.
Not always true - when I personally submitted and slabbed the pop 2 1957(p) coin last year, it took me about 15 minutes "work". Was I fortunate to find such a tough coin so fast - yes, of course. But, sometimes you get lucky and sometimes you don't.
Wondercoin
Specifically if you were to set out to make a specific coin. I am not talking about getting lucky on one date and calling it good. Suppose you wanted an entire collection of MS67RD coins from 1934-58. Would it be easier for you to get a job doing what you did best or making the coins yourself, or waiting 20 years until they are so common they can buy them for lunch money?
Sorry, I know Gerry and it's not his fault; he bought it when it became a pop 1 for less $$$$. I wish you had bought it Stewart, then for once I would have paid less for a coin than you did.
Whose the shrewdest collector of them all????
I just can't teach this guy that it's Blay not Blah; he doesn't understand the difference
Roger: What do you mean? It did.
Wondercoin
<B>Created On</B> Wednesday September 03, 2003 9:43 PM
Replying to Thread: 1957 LINCOLN CENT MS67 RED PCGS
<B>Created On</B> Wednesday 3, September, 2003 7:43 PM <B>by</B> STEWARTBLAYNUMIS
At top of post it said 9:43pm - I assumed Pacific Time. But in replying it said 7:43p (???) Sorry.</FONT></FONT>
Roger - Of course I posted the thread after the auction.I thought I could buy it for less than Gerry paid for his 1957 cent.No luck
Of course Gerry may own this one too
The buyer of the 1957 PCGS ms 67 red in Teletrade's auction has not as yet started bragging
Mitch - you spent 15 minutes making a 1957 in ms 67 red but youi have spent the better part of a decade trying to make a 1953 in ms 67 red.How much does that make the 1953 worth in $$$$$
stewart
marc - why can't you find a 1926 s in 64 red for $6,000 ?
Stewart: Scary thought isn't it
Wondercoin
price realized for a "pop-top" 1957-P Lincoln Cent. This coin has
a current population of 3. $5400?!
I also notice the response to a current E-Bay offering of a 1971-S
Lincoln Cent which is also a "pop-top" with a current population of
4. What will it bring??
The sideline chatter is fun to read and process. I like the excitement
that ensues whenever a "pop-top" coin sells on auction, especially
now.
Cupronik
Lincoln Cent which is also a "pop-top" with a current population of
4. What will it bring??
Cupronik"
If Mitch told us what his "full buy price" was we'd have a pretty good idea.