Home› PCGS Set Registry Forum

Are Lincoln cent prices going through the roof ? Is there a roof ?

STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
in PCGS Set Registry Forum

As i was perusing the collectors universe price guide last night I noticed two Lincoln cents in particular that considerably increased in price.
A 1917 s in ms 65 red has a price of $22,000 in ms 65 red and the 1925 s has a price of $45,000 in ms 65 red.
This is a very interesting fact as many dealers price coins based on collectors universe price guide instead of the "grey sheet".I believe collectors universe pricing is more comprehensive as it lists ms 66 and ms 67 where as the "grey sheet" does not.

I must be rich .....or something

Comments

  • cladkingcladking Posts: 28,694 ✭✭✭✭✭
    There is a roof but prices may be far under or over it. So long as people desire to
    own the finest specimens there will be demnd for those at the highest levels. Right
    now this demand is either very small or huge depending on how you see it. While
    it seems incredible that only a handful of specimens can't be bid to over a few thou-
    sand dollars, it is also surprising that many people don't just lowere their sights a
    little and buy some really great coins at much lower prices.

    Of course both of these effects are occuring all the time and the market has been
    growing rapidly and trending the same way.
    Tempus fugit.
  • jacktheknifejacktheknife Posts: 1,547 ✭

    Going through the roof?? Stewart, they're through the roof and then some!! Unfortunately, we have only ourselves to blame. Without a market and people willing to pay crazy money, the prices would come back down. I used to think that this is all going to come to an end real soon, but I'm not so convinced anymore.
  • haletjhaletj Posts: 2,192 ✭
    Wow! But I think those prices may be fair when compared to Buffalo Nickels of those same dates, or better date Walking Liberty Halves or Morgan Dollars. Lincoln Cents seemed way way undervalued for a long long time!
  • redcentsredcents Posts: 734 ✭
    Certainly not the prices for PR70DCAM's imageimageimageimage
  • CocoinutCocoinut Posts: 2,512 ✭✭✭✭✭
    There's no doubt that Lincolns have been "hot" for a couple of years now, fueled largely by Registry participants seeking high grade material. CU prices may be more in line for scarcer dates, but in general the post-1935 Lincoln prices are far too high. At one time, I had considered assembling a set of MS Lincolns, but now they're simply beyond what I care to spend. Within the past month, I've received grades from PCGS on 8 pre-1926 mintmarked Lincolns that I purchased raw in the mid-1970's-early1980's, before slabbing. My cost was under $450; current CU prices total over $2400. Not bad for coins that are "just" MS63RB-MS64RD. I can only see Lincolns going higher, though, especially if the cent is discontinued, or the design changed. An increase in demand, and a shrinking supply as more coins are cleaned, mishandled, and improperly stored can only point to further price increases.

    Is there a roof? Yes, but we may not see it until after 2009. How many new collectors will we see if the series ends?

    Jim
    Countdown to completion of my Mercury Set: 1 coin. My growing Lincoln Set: Finally completed!
  • cupronikcupronik Posts: 773 ✭✭✭
    This is an interesting topic regarding Lincoln Cents.
    It's the series that most of us started to collect when entering
    numismatics (at a young age.) Lincoln is probably the most
    significant president of our country's history since he presided over
    the Union at the time the Southern States wanted to secede from
    the United States. And the result that his administration was able
    to keep the country intact and continue to evolve to the present day
    as the greatest nation the planet has ever witnessed.

    The series should continue to gain new collectors as Abe's Sesqui-
    centennial draws closer in 2009. This should bode well for top-grade
    certified singles. Nothing new or enlightening here even though
    some coins have already brought mind-boggling (and, imho, non-
    sensical) prices.

    Hey Lincoln aficianados, what would the 1935-D PCGS MS-68RD
    Lincoln Cent that sold for $525. on Teletrade back in 1995 bring
    today? It still is a pop=1 coin today. I split profit with the owner
    back then; no one would come up with the $1000. shot then.
    Just curious.

    Certain Lincoln Memorial Cents even bring big bucks to the right
    collectors. I think due to the die states of the early 1960's cents
    will prevent several dates from showing up in MS67RD unless PCGS
    loosens their standards (especially the 63-D.) I never used to look
    for these coins to slab but since a new market has developed, I'm
    out to, hopefully, satisfy the desires of those interested collectors.
    The next few years should indeed be fun to watch regarding the
    Lincoln Cent series.

    Regards. Cupronik
Sign In or Register to comment.