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 2Charlie
Comments
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
Might be a good buy for someone!
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
Here's a warning parable for coin collectors...
Russ, NCNE
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.
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
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
<< <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
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
<< <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.
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
Yep, I have to agree.
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.
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
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
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