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$36,201 for a 1910 s Lincoln Cent
STEWARTBLAYNUMIS
Posts: 2,697 ✭✭✭✭
It was graded as ms 67 red by ICG
And what's more amazing is that PCGS crossed the coin !!!
Stewart Blay
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IMHO,
The 1910(s) in PCGS-MS67RD sold under where it would have sold in a Heritage sale (ex: $32k+ for a pop 3 1930(s) cent recently). The coin is easily a $40k+ in this market (true - seller would have only netted around 85% of the Heritage sell price, so he did fine as well). I tried to get a customer of mine to step up to that level, but, it was just bad timing to commit the funds. I tip my hat to the (2) bidders at around $36k each as they had both "balls' and knowledge/skill of the true market for this coin. I am also quite content with the PQ MS66RD of this date I placed in my set for under $3,500 - I LOVE THE UNDERGRADE COINS AT 1/10 THE PRICE!! But, ifI was a player for a top Lincoln set (which luckily I am not), this coin would have been a "must win" for me at under the $40k level.
Wondercoin
<< <i>Sounds like the buyer had a guarantee that the coin would cross. I don't care how nice the coin looks, no one in their right mind (no one who didn't have money to burn, that is) would take that kind of risk. >>
It was already in the PCGS holder when it sold for $36,201. It was purchased by the seller for less than $3k when it was in the ICG holder.
Russ, NCNE
What a steal!
That would be interesting.
<< <i>Title of thread and first post is extremely misleading >>
Of course. Look who posted it.
Russ, NCNE
Registry 1909-1958 Proof Lincolns
roadrunner