SPECTACULAR PRICES ON LINCOLNS TONIGHT ON TELETRADE

wondercoin · October 22, 2003 11:05AM

I noticed some of the closing prices on the Lincoln cent auction tonight just before it closed tonight. Some really spectacular prices all across the board, wheat and Memorial.

Anybody buy any?

Wondercoin

dpoole · October 22, 2003 11:09AM

Mitch,

I went up strong on that 27-S, and got blown away. Can't believe what that 17-D was pulling, with this big ol' fingerprint in the obverse field.

I came away empty handed. Guess Hall's right: Lincolns are still "nuclear!"

jacktheknife · October 22, 2003 11:09AM

I have no idea!!!! I was clicking in bids as fast as I could and the auction closed as my browser was refreshing. I have no idea what lots I won, if any as each time I got back to the screen I had been outbid. I was in on the 17-D in 66RD at $10,500 and the 27-S at about the same. I wanted the 1919 in 68 but $7800 was a bit much especially with the scratch on the reverse. I was in on about 5 other lots as it closed. I can't wait to check!!!

dpoole · October 22, 2003 11:11AM

Jack--hmmm. I had my eye on the same three! By the time sniping time came around, though, the 17-D and the 1919 had gone beyond what I was willing to pay.

jacktheknife · October 22, 2003 11:11AM

I feel like I just got done running a race!!!!

wondercoin · October 22, 2003 11:12AM

Yes - incredible money on the 17(d). I had the pleasure of lot viewing the collection a few days ago. That 1919(p) was a spectacular coin IMHO and whomever won it will treasure it long after the memory of its cost.

Wondercoin

jacktheknife · October 22, 2003 11:13AM

David,
Can you snipe on teletrade? I mean with one of those programs? I just keep clicking until it won't take my bid any longer.

LincolnCentMan · October 22, 2003 11:14AM

I didnt bid on a thing. Did anybody get a flyer in the mail from Teletrade on the auction? I got one, and the color "pictures" were so bad, you couldnt tell a RD coin from a BN one... seriously.

David

fcloud · October 22, 2003 11:14AM

I had bid on a 1931-S MS66, and last time I looked it was over two grand. (that's way above my bid).

roadrunner · October 22, 2003 11:14AM

Any chance some of those bids were reserves or TT bids? Why do coins in their sales often bring 10-20% over current market, even when not that nice??? Hhmmmm.

roadrunner

jacktheknife · October 22, 2003 11:16AM

Mitch,
How can you view the lots? Do you have to go to the home office or will they send some in the mail like Heritage used to do? I wish I could have viewed them in person.

wondercoin · October 22, 2003 11:18AM

JTK: By appointment. I never ever lot viewed before. But, now that they have moved to S CA. I will plan on doing it from time to time.

Wondercoin

jacktheknife · October 22, 2003 11:20AM

Mitch,
Do you think the 17 in 66RD was an upgrade? It looked that way from the image and the bidding went to around $4300.

dpoole · October 22, 2003 11:20AM

Jack,

Can't program-snipe so far as a know (There was a thread about this not too long ago). I just meant the old classic snipe like: wait as long as you dare, put in your max bid, and let 'er rip.

David,

I got the flyer, but I'd been looking at the coins on the site for awhile. The pics were hard to see all you wanted to see. That did cause me to pull in my horns a bit. Mitch says the 1919 was spectacular; it looked OK in the pic, but the pic didn't signal spectacular like Mitch's hands-on was apparently able to confirm.

The pics obviusly didn't inhibit some folks, though!

I'll have to say, I'd kind of lost interest in Teletrade for awhile there. They've sure been coming on strong with the Lincolns ehre lately though, haven't they? I know that some folks have special deals with Teletrade, but I still wonder why a coin that warrents these prices weren't held for the big show auctions--at least I wondered until I saw these prices!

wondercoin · October 22, 2003 11:24AM

"Mitch says the 1919 was spectacular; it looked OK in the pic, but the pic didn't signal spectacular like Mitch's hands-on was apparently able to confirm."

Even so, I didn't place one bid on it. When I looked at 6:45 p.m. and it wasalready $8360 with commish, I didn't want to spend $9,000+ for the pop 14/1 coin. But, on a different night I may have well pulled the trigger. I do not believe the winner (whoever that was) will regret that purchase.

JTK: The 1917 was very, very nice.

Wondercoin

jacktheknife · October 22, 2003 11:30AM

Regardless of any lots won, I must say that the last ten minutes was kind of fun!!

jacktheknife · October 22, 2003 11:45AM

Just checked and I won the 17-D and the 30-D in 67RD (NGC). I'm a little bummed as I was really hammering on several other lots that I wanted as well. I'm just hoping to get 66 on crossover for the 30-D.

wondercoin · October 22, 2003 11:55AM

JTK: I think you will really like the 30(d) and IMHO you have absolutely no problem achieving your minimum grade of 66RD.

Wondercoin

dpoole · October 22, 2003 11:59AM

Congrats, Jack!

clackamas · October 22, 2003 12:00PM

Does anyone know who the "Gentleman" was/is? Stewart????

lazeroo · October 22, 2003 12:02PM

well I bought several coins with little resistance. in fact the 29-s I bought caught me buy surprise.
it went for 240$ and is much nicer than that. oh yea it's a lincoln.

and I won't tell ya what other lincolns I bought but they were a steal and i'm sandbagging for the ngc set awards at the end of the year.

lol, hehehe.

redcents · October 22, 2003 12:18PM

In between all the high priced stuff there were some incredible bargains

mintluster · October 22, 2003 12:37PM

wow!

wondercoin · October 22, 2003 1:08PM

"Wow" is right - nearly $7k for a 1909(svdb) in 65RD! Close to $15k for a 27(s) in 65RD; even close to $5k for a 1916(d) in NGC-MS65RD!! Memorials were wild as well - nearly $4k each for a 1959(p) and 60(p) SD in MS67RD. Not to mention nearly $5k for a RB 1912(s) in MS66!

There is a no questions asked return privilege with TT (for something like 3%). I wonder if this played into the bidding in any way?

Wondercoin

STEWARTBLAYNUMIS · October 22, 2003 1:31PM

mitch,

What did you buy? Are you telling?

Stewart

wondercoin · October 22, 2003 2:17PM

Stewart: My most favorite coin in the sale, hands down, was the 1913(s) Lincoln in PCGS-MS65RD. I won the coin for a fraction of my max bid. I like the chances of the coin upgrading to MS66RD and the coin is technically a solid MS66RD. With a non-flattering scan I was surprised the coin realized $8,360. Whether it upgrades is, obviously, another story, but I figured this coin has a value of around $10k - $15k even as a super "PQ" MS65RD. Now, I told you mine. How about telling us your favorite coin in the sale

Wondercoin

STEWARTBLAYNUMIS · October 22, 2003 2:33PM

Mitch,

My two favorite coins were the 1912 s PCGS ms 66 r/b and the 1917 d PCGS ms 66 r/b.I own the other 1912 s in PCGS ms 66 r/b and I also own a 1917 d in 66 red.

Stewart

wondercoin · October 22, 2003 2:39PM

Yeah, I loved them as well

Or maybe that was another sale.

Wondercoin

lincolnSence · October 22, 2003 3:10PM

Sorry, no statement here

haletj · October 22, 2003 3:24PM

I used to check Teletrade occasionally for Lincolns, but never saw any good ones so I stopped checking, and missed this auction! Boy, I'm glad I didn't miss out on anything I would have wanted. I would have maybe been interested in ms64rd coins, maybe 16-s,18-s,23-s and others, but they seemed terrible from the descriptions and images. Many seemed to have brown toning or absolutely terrible strikes (look at that 23-s!!). Is the grading on these accurate? Are there that many overgraded coins? Does this hurt the Lincoln market? How can set registry rankings mean anything with either so many overgraded coins, or such differences in quality? A 64rd 18-s for $450 here, and $4000 something in some Heritage auction last spring. What a difference. If these are all overgraded coins, how can the top two services be that ridiculously bad? If so I've completely lost all faith in both ngc and pcgs.

haletj · October 22, 2003 3:25PM

I used to check Teletrade occasionally for Lincolns, but never saw any good ones so I stopped checking, and missed this auction! Boy, I'm glad I didn't miss out on anything I would have wanted. I would have maybe been interested in ms64rd coins, maybe 16-s,18-s,23-s and others, but they seemed terrible from the descriptions and images. Many seemed to have brown toning or absolutely terrible strikes (look at that 23-s!!). Is the grading on these accurate? Are there that many overgraded coins? Does this hurt the Lincoln market? How can set registry rankings mean anything with either so many overgraded coins, or such differences in quality? A 64rd 18-s for $450 here, and $4000 something in some Heritage auction last spring. What a difference. If these are all overgraded coins, how can the top two services be that ridiculously bad? If so I've completely lost all faith in both ngc and pcgs.

haletj · October 24, 2003 5:42AM

ttt. Any answers to my questions? Thank you!

IrishMike · October 24, 2003 5:56AM

<< <i>ttt. Any answers to my questions? Thank you! >>

Wrong forum to ask those questions.

johnk · October 24, 2003 12:44PM

I picked up 12 Lincolns for my set

john

DMWJR · October 24, 2003 11:14PM

I picked up a couple of Proof Memorials to upgrade my Registry Set. It was an interesting mix. There were some stellar prices and then some not-so-stellar prices. I think this supports the current theory that the high end market is as strong as ever, while the common/non-condition census material is very soft.

SPECTACULAR PRICES ON LINCOLNS TONIGHT ON TELETRADE

Comments