<< <i>4 Morons bidding on a coin made this year in the BILLIONS. Did you buy it SOG ?
stewart >>
I think they thought they were getting your 1919 MS 69RD Stewart. Then they think they can wait 80 years and it might be worth 1% of what yours is worth today. Steve
<< <i>4 Morons bidding on a coin made this year in the BILLIONS. Did you buy it SOG ?
stewart >>
Actually it looks like it went out of production about an hour before your post.
Future Lincolns will be dated 2005 or later. In the mean time all the obsolete dates get one year older each year whether they were made in 1919 or 1999. Oddly enough it's the latter which few collectors own. ...Go figure.
It may be a very good vintage but I certainly don't know.
No question that the Memorial cent market is FOR REAL - for both MS and Proof examples!
My 2 cents - When you get collectors used to paying $50,000.00, $70,000.00 and even $90,000.00 for wheat cents that used to trade at a fraction (often times a tiny fraction) of that price just a few years ago - it is no surprise that the Memorial cent market may begin to see some strong prices as well. Many collectors want all 95 years of the cent - not a set that cuts off 45 years ago. I expect to see some other strong prices on Memorials in the weeks and months ahead.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
XXX - You can see where my max bid on the coin was - obviously, I would have enjoyed owning it at that level at this time.
The winning bidder obviously valued it higher than I did. Maybe he is used to paying $70,000.00 or $90,000.00 for an earlier date wheat cent of roughly the same pop and figured what's another $1,600. Or, maybe it was a choice between that coin and spending $1,600 on an evening out tonight including wine (04(d) cent in hand sitting home by the fireplace sounded the better of the (2) options). So many possibilities
Happy New year!
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
SOG - I am not calling you a Moron.I was just throwing the bait out and low and behold...Wonderbra is one of the 4 bidding on the coin. But he is a numismatic genius and I don't know Jack Schit about 2004 D memorials.
"Mitch, You got most of it. Good thing I was able to make 1 coin with the help of a new loupe and a good pair of cheap reading glasses. So, are you inviting me over for champane by the fireplace? Or am I going to have to sit by the fire with my dansco albums again this year? "
XXX - That's one coin more than I made
By the way, considering my bid on the 04(d) cent was 5 BIDDERS DEEP ON THE LIST and well under 50% of its final sales price - one of my New Years Resolutions will be to bid stronger on top pop moderns. Frankly, it is embarrassing to appear to be such a "cheapskate" among the Memorial cent buyers.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
If Mitch was bidding on the coin I'm sure he had a home for it. I was bidding on it too. I also had a home for the coin just not quite at the level it sold for. When I was building my Roosie set I stretched and over paid for a couple of coins myself. I don't think its fair of you to knock down a collector for what he paid for a coin. to some $1600 is pocket change and worth spending it on something you just want. This was an auction and not a coin held hostage, Looks like there were at least 2 players at the $1600 level.
<< <i>EDITED AS THIS IS NEW YEARS EVE AND ALL SHOULD BE MERRY. >>
Why do I have the bad timing to miss all the fun posts before they are edited?
No fireplace for me...I think its about 70 degrees and sunny outside here; hard to believe we actaully had a white Christmas this year. I think I'll be kicking back at my work desk tonight and getting some milage out of my hammer and hacksaw.
New Year's resolution #1 for 2005: No sending in submissions that will be due over the Christmas holidays.
...and would someone start making some more of these 2004-D Lincolns in PCGS MS69RD so I can afford one?
RELLA
Do not fall into the error of the artisan who boasts of twenty years experience in his craft while in fact he has had only one year of experience... twenty times.
Only Roosies -My take is that if you have $1,652.89 to spend on a 2004 D Lincoln cent in any "grade"......... you should be sending thousands of dollars to the Tsunami victims and their families.I hope its true.
Mitch - I'm pretty good at pushing your buttons because it is sooooo easy.
Stewart raises a valid point. But whether you bid on the 2004D Lincoln or not, you might be looking for a way to help the victims of the terrible tragedy in southeast asia. If so, may I suggest you consider a contribution to Save The Children.
This is an efficient charity that helps in many emergency situations, and they have established a fund for the children and families devasted by Sunday’s tsunami. Make a contribution. I think that you’ll feel even better about yourself than when you win a coin at auction.
<< <i>Purchasing a current year modern coin with a low pop is truly playing the lottery.
You will usually lose but once in a blue moon you will score so big that it could easily make up the difference in all of your losses.
This way of buying is only for a select few who are patient enough to sit out multiple losses in pursuit of the big winner. >>
Even when you get them for face value it might be wise to sit out the first three years. There are almost invariably at least some new coin in the fed- eral reserve until they are three years old. Some dates have been released very quickly because of the time they are issued but even these will proba- bly have a low percentage of their mintage stuck in the system for as long as 3 1/2 years. The problem is that even a small percentage of modern produc- tion levels is a huge number. Ten or fifteen jumbo bags (pallets) of TN 25c's coming out of mint storage could devastate the price for these coins.
Sometimes there will be no gems issued for circulation or the number will be so small as to make the chances of finding them in 20 pallets remote, but this is no certainty. Also, at least in the past, even the mint set gems tended to bunch up in various cities as the mint filled orders based on zip codes. While this may no longer be the case, and order periods are longer anyway, it will still take time to see a good sample of what the mint has produced for a given date.
It would seem that the ultra-moderns are being searched far more thoroughly than the older moderns so if there are gems being issued they will appear. Those who send the mint set coins in early in order to sell run the risk that their sets will be among the best and that the coin wasn't issued for circulation. This re- sults in happy buyers and sellers who could have done far better if they waited.
In the past there was little point in chasing down the circulating gems. There was no one to trade with or who would alert you to opportunities. If you did the travaling yourself it required great effort and cost and would usually result in no finds. It was easier to just sit in one place and wait for the fed to re- lease something nice in your area so you could actively track them down. This only happened every couple years or so. Unsurprisingly, many of these keepers then would turn out to be relatively common.
I guess I'm going to have to break out the 04d's I have in flips. They are tough this year and imho this years 68's were last years 69's.......the noose was tightened. If you think you can find a 68 or 69 in a roll from the bank ...good luck cuz you are going to need it. Happy New Year everyone.
The pop on the 2004-P in MS69 had been 7 for the last 3 months. I suppose that some of those may have sold at relatively high prices when the pop was low. However, the pop on that coin just went to 41 because 34 were graded this past week! I suspect the same thing will happen to the 2004-D in ms69 one of these days. Patience. Patience.
I can't see paying that much for a modern. Look at the last few years and the prices drop like a rock from the low pop days to the high pop days. I'm sure the 1.6K price tag generated alot of new submissions over the last week. As Gerry stated "Patience patience......"
"The pop on the 2004-P in MS69 had been 7 for the last 3 months. I suppose that some of those may have sold at relatively high prices when the pop was low".
When I had a few of the 2004-P MS69RD coins in stock (when the pop was 3 or 4 as I recall), I priced the coin at $200. But, the coin did surprise me in terms of just how tough it was to make. And, by all early indications, the "d" was/is much tougher. Not to mention the sell out of 2004 mint sets. It should be interesting to see what the pop does on the 04(d) cent. If it gets up to a couple dozen (like the 01(d)) - the 01(d) still commands $500 give or take even with that pop.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
All good answers. I was watching this infamous coin as it was sold. I knew several of the bidders including myself. I like Mitch wasn't fortunate enough to get it but I know that it has been registered on some set at pcgs (good Sources), I just don't know which one. I will definitely be watching the next one. Zach
sonofagunk
Posts: 1,349 ✭✭
Comments
4 Morons bidding on a coin made this year in the BILLIONS.
Did you buy it SOG ?
stewart
Reminds me of paying $1k for PR70 dcams!!
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
<< <i>4 Morons bidding on a coin made this year in the BILLIONS.
Did you buy it SOG ?
stewart >>
I think they thought they were getting your 1919 MS 69RD Stewart. Then they think they can wait 80 years and it might be worth 1% of what yours is worth today. Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
<< <i>4 Morons bidding on a coin made this year in the BILLIONS.
Did you buy it SOG ?
stewart >>
Actually it looks like it went out of production about an hour before your post.
Future Lincolns will be dated 2005 or later. In the mean time all the obsolete dates get one year older each year whether they were made in 1919 or 1999. Oddly enough it's the latter which few collectors own. ...Go figure.
It may be a very good vintage but I certainly don't know.
Ken
T
DANG! I should have bought a thousand rolls @ .50/roll !!!
Nice.....................
My 2 cents - When you get collectors used to paying $50,000.00, $70,000.00 and even $90,000.00 for wheat cents that used to trade at a fraction (often times a tiny fraction) of that price just a few years ago - it is no surprise that the Memorial cent market may begin to see some strong prices as well. Many collectors want all 95 years of the cent - not a set that cuts off 45 years ago. I expect to see some other strong prices on Memorials in the weeks and months ahead.
Wondercoin
What do you think this coin should go out at?
They just aren't giving 69RD's at PCGS.
Just curiuos on YOUR thoughts as you handle allot of modern high grade.
The winning bidder obviously valued it higher than I did. Maybe he is used to paying $70,000.00 or $90,000.00 for an earlier date wheat cent of roughly the same pop and figured what's another $1,600. Or, maybe it was a choice between that coin and spending $1,600 on an evening out tonight including wine (04(d) cent in hand sitting home by the fireplace sounded the better of the (2) options). So many possibilities
Happy New year!
Wondercoin
I'm surprised you have any money left to do even that after this years' purchases
Wondercoin
<< <i>"I'm sitting by the fireplace tonite, with a CoorsLight"
I'm surprised you have any money left to do even that after this years' purchases
Wondercoin >>
Mitch, You got most of it. Good thing I was able to make 1 coin with the help of a new loupe and a good pair of cheap reading glasses.
So, are you inviting me over for champane by the fireplace? Or am I going to have to sit by the fire with my dansco albums again this year?
But he is a numismatic genius and I don't know Jack Schit about 2004 D memorials.
Stewart
So, are you inviting me over for champane by the fireplace? Or am I going to have to sit by the fire with my dansco albums again this year? "
XXX - That's one coin more than I made
By the way, considering my bid on the 04(d) cent was 5 BIDDERS DEEP ON THE LIST and well under 50% of its final sales price - one of my New Years Resolutions will be to bid stronger on top pop moderns. Frankly, it is embarrassing to appear to be such a "cheapskate" among the Memorial cent buyers.
Wondercoin
If Mitch was bidding on the coin I'm sure he had a home for it. I was bidding on it too. I also
had a home for the coin just not quite at the level it sold for. When I was building my Roosie
set I stretched and over paid for a couple of coins myself. I don't think its fair of you to knock
down a collector for what he paid for a coin. to some $1600 is pocket change and worth
spending it on something you just want. This was an auction and not a coin held hostage,
Looks like there were at least 2 players at the $1600 level.
Nick
<< <i>EDITED AS THIS IS NEW YEARS EVE AND ALL SHOULD BE MERRY. >>
Why do I have the bad timing to miss all the fun posts before they are edited?
No fireplace for me...I think its about 70 degrees and sunny outside here; hard to believe we actaully had a white Christmas this year. I think I'll be kicking back at my work desk tonight and getting some milage out of my hammer and hacksaw.
New Year's resolution #1 for 2005: No sending in submissions that will be due over the Christmas holidays.
...and would someone start making some more of these 2004-D Lincolns in PCGS MS69RD so I can afford one?
RELLA
who boasts of twenty years experience in his craft
while in fact he has had only one year of experience...
twenty times.
Only ONE thousand?!
"I bet the next one will Fetch over 2K, any bets"
I'd bet you'll see one sell for less than $500 WAY before the end of '05 - not unlike the 71'S fiasco of '03-04
Mitch - I'm pretty good at pushing your buttons because it is sooooo easy.
stewart
Save The Children
This is an efficient charity that helps in many emergency situations, and they have established a fund for the children and families devasted by Sunday’s tsunami. Make a contribution. I think that you’ll feel even better about yourself than when you win a coin at auction.
You will usually lose but once in a blue moon you will score so big that it could easily make up the difference in all of your losses.
This way of buying is only for a select few who are patient enough to sit out multiple losses in pursuit of the big winner.
<< <i>Purchasing a current year modern coin with a low pop is truly playing the lottery.
You will usually lose but once in a blue moon you will score so big that it could easily make up the difference in all of your losses.
This way of buying is only for a select few who are patient enough to sit out multiple losses in pursuit of the big winner. >>
Even when you get them for face value it might be wise to sit out the first
three years. There are almost invariably at least some new coin in the fed-
eral reserve until they are three years old. Some dates have been released
very quickly because of the time they are issued but even these will proba-
bly have a low percentage of their mintage stuck in the system for as long as
3 1/2 years. The problem is that even a small percentage of modern produc-
tion levels is a huge number. Ten or fifteen jumbo bags (pallets) of TN 25c's
coming out of mint storage could devastate the price for these coins.
Sometimes there will be no gems issued for circulation or the number will be
so small as to make the chances of finding them in 20 pallets remote, but this
is no certainty. Also, at least in the past, even the mint set gems tended to
bunch up in various cities as the mint filled orders based on zip codes. While
this may no longer be the case, and order periods are longer anyway, it will
still take time to see a good sample of what the mint has produced for a given
date.
It would seem that the ultra-moderns are being searched far more thoroughly
than the older moderns so if there are gems being issued they will appear. Those
who send the mint set coins in early in order to sell run the risk that their sets
will be among the best and that the coin wasn't issued for circulation. This re-
sults in happy buyers and sellers who could have done far better if they waited.
In the past there was little point in chasing down the circulating gems. There
was no one to trade with or who would alert you to opportunities. If you did
the travaling yourself it required great effort and cost and would usually result
in no finds. It was easier to just sit in one place and wait for the fed to re-
lease something nice in your area so you could actively track them down. This
only happened every couple years or so. Unsurprisingly, many of these keepers
then would turn out to be relatively common.
Maybe a $100 to $300 coin by the end of 05?
When I had a few of the 2004-P MS69RD coins in stock (when the pop was 3 or 4 as I recall), I priced the coin at $200. But, the coin did surprise me in terms of just how tough it was to make. And, by all early indications, the "d" was/is much tougher. Not to mention the sell out of 2004 mint sets. It should be interesting to see what the pop does on the 04(d) cent. If it gets up to a couple dozen (like the 01(d)) - the 01(d) still commands $500 give or take even with that pop.
Wondercoin
True. But someone wins the lottery.
When I hear about price results like this one I think back on other fad coins such as STATE QUARTERS.
Price updates on these, please?
cheers, alan mendelson
www.AlanBestBuys.com
www.VegasBestBuys.com
Zach
Check my ebay BIN or Make Offers!!