Results of Not Protecting a 1990 no S Lincoln Cent by Certification!!

moosesr

I was looking through the Heritage Aucitons and saw these two 1990 no s proof sets with environmental damage and it reminded me of what Steve has been saying about protecting these coins by having them slabbed. I wonder if these are to far gone to be conserved?
Link 1Link 2

Charlie

etexmike

That is a shame about the Lincs.

Conserving them might be worth a try. Not sure how well they will turn out.

I guess I look at my coins more often than some, and they are locked up in a bank safety deposit box.

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etexmike

segoja

Those look conservable to me. No carbon spots which is good!

Might be a good buy for someone!

dpoole

That is really awful corrosion. Too much moisture in the environment, looks like. The owner must have been sick!

Russ

If they were conservable, it would already have been done. I'd bet they were evaluated by NCS and it was determined they'd have to go in to one of their net holders, and not NGC. Thus the decision was made that they'd likely bring more money still in the set because some bidders would be willing to bet on the come.

Russ, NCNE

cladking

That is a shame.

Problem moderns are almost impossible to sell. Perhaps these won't do
quite so poorly since they are so scarce and there may be someone who
wants them.

Steve

Charlie,
Thanks for bringing this to our attention. It certainly does support the fact that any rare coin like the 1990 no S Lincoln cent needs to be out of the proof set and into a PCGS, NGC or ANACS holder just as soon as possible. The coin is now a $5k to $6k value as a PR68DCAM. It will be interesting to see how much someone will bid on THESE two proof sets. Owning "the real thing" may have some value to a Lincoln cent collector who can't afford current pricing. It then comes down to whether or not the coin is certifiable by PCGS, NGC, or ANACS. Certainly, ANACS can net grade it, and that would be an alternative. It's got some value IMHO. Steve

coinguy1

Don't lose sight of the fact that coins IN holders can incur environmental problems as well.

Steve

<< <i>Don't lose sight of the fact that coins IN holders can incur environmental problems as well. >>



True Mark. But if they are IN holders issued by PCGS or NGC they are GUARANTEED for their grade. THAT is the most important financial reason to get them out of the proof set and into the holder. Steve

coinguy1

<< <i>But if they are IN holders issued by PCGS or NGC they are GUARANTEED for their grade >>

Fair/good point Steve. I would add to that - for NGC copper, only the coins in their newer holders are guaranteed.

LincolnCentMan

Ouch.

Since it was naturally done by the mint packaging... one could argue that that's natureal toning.... of coarse... one would probably lose.

Yah, that one's too far gone to bring back. It's an Anikan cent.

David

Steve27

" If they were conservable, it would already have been done."

Yep, I have to agree.

cladking

There's not much that can happen to a zinc coin that can be reversed. It's even tougher
when it has a thin layer of copper to highlight the damage and conservation.

If mineral oil or olive oil won't fix them they're probably done for.

mgoodm3

ouch.

moosesr

Looks like someone had one of these coins conserved and got it into a NGC holder? Auction Link

Steve

Charlie,
Thanks for the update on the auction. It will be interesting to see what this coin will sell for in a NGC 66 holder and what the seller's reserve is. Should be worth at least $3k to $4K IMHO based on rarity. Certainly NOT a nice looking coin. But this may answer the question of whether a collector will pay significant dollars for a rare Lincoln cent even if it isn't pretty. My guess is that the owner will NOT let this coin go for peanuts and that nobody will step up in the current market to beat the reserve. We will see. Steve

DMWJR

Steve, there is also a conserved 09 vdb in the same sale, with no grade given. I guess we will establish some baseline values for rarity instead of condition.

Steve

Good point Doug. Here are the two lowest mintage Lincoln cent proofs going to auction at the same time and in obviously crummy condition. Will someone pay significant money to get them in their collection? Will the owner(s) of these two coins let them be sold for less money than he PERCEIVES they are worth? Stay tuned! Steve

seanq

FYI, comparing the Heritage images, it looks like that conserved coin came from the set in the second link in the original post, which went for a little over $4,300 with the juice.


Sean Reynolds

ellewood

Steve - I seem to recall someone posting about two sets - similar to these two - a couple of months ago. I can't remember where they were up for auction but I'm pretty sure it was Heritage. I wonder if they are the same two sets and the owner is looking to sell already? I too would love to own a 1990 NO S...but I wouldn't buy one lower than a 68DCAM...and I think it would have to be in a PCGS slab before I purchased it!

pcpro

Check out heritage's description of this coin: AuctionLink

Fully struck and essentially pristine, with a touch of milky color, near the right obverse rim, to serve as a possible pedigree marker

Pedigree marker???? How about a future reason NOT to buy this coin EVER?

I think this is really a generous description of a very flawed coin.

Sunday morning, 10/23/05 current bid price: $240 Another "No S", without the "pedigree marker", is bid at $3059.

Dismayed and apologizing for the rant, Walt