$80,000 and climbing for a 1909 s VDB in ms 67 red

STEWARTBLAYNUMIS · May 3, 2005 10:32AM

Maybe I do know Jack Schit after all !! I have myself two of these puppies.

LMS

TahoeDale · May 3, 2005 2:56PM

Stewart,

Congrats on your ownership of high end red lincolns. But I would bet you didn't pay but a small % of what this coin will bring.

It would appear Registry fever may have reached a new high. I can imagine many coins that are really valued in the 80,000 dollar range that most of us would rather own. and be able to sleep comfortably at night.

merz2 · May 3, 2005 4:49PM

As a Longtime Lincoln man I am surprised at what some people will pay.I'm just not into spending that kind of money no matter how pretty a coin is.

STEWARTBLAYNUMIS · May 3, 2005 7:58PM

Dale

I paid about $3,000 for one of them and about $8,500 for the other.And mine have complete VDB's on them.
The 1909 s VDB is a trophy coin for more non-collectors than collectors.There are multiples of buyers for the highest graded 1909 s VDB than for a highest graded 1912 s or 1918 d.

Stewart

oreville · May 3, 2005 11:37PM

Merz2: It seems the more pricey a famous (but readily available coin) brings, the more the fame can feed on itself and attract more non-core collectors to the fold just to buy that one coin.

They include non coin-collectors who desire a trophy coin as well as even an occasional type coin collectors who desire a top flight famous coin such as this and those coin collectors who desire trophy coins in general.

It is interesting how as I grew up as a child coin collector I was never enamored by the 1909-S VDB cent but adored the 1955DDO cent and the 1926-S cent as well as other denominations such as the 1916-D dime. It seems that the coin hobby mirrored my thought pattern for a long time between 1970 and 2000 and then all of a sudden, BOOM! (Sorry, Boom) this cent takes off like a rocket!

It only goes to prove that coins that go out of favor will sooner or later get their day in the sun. Or as others would say, every dog gets their day!

oreville · May 3, 2005 11:43PM

Stew: Thanks for your analysis of the VDB and the construction of the rims of the VDB cent. I have been studying them and have found it to be interesting. As you have indicated there are quite a few of them in which the VDB initials are incomplete. I will soon study the wear pattern of the circulated ones (hopefully the authentic ones) to see how the VDB have worn as the coin wears in general.

I will also investigate the Philly version of the VDB cent.

I will ask coppercoins if he has done any research on this.

Learning is fun. It is not always about the money!

TahoeDale · May 4, 2005 12:13AM

Stewart,

I thought you were in your coins low, but the prices you paid for this date and grade is even more tribute to your understanding of the market for high end keys.

Got any suggestions for the next key that will do as well as this one?

Please PM me with the answer

ellewood · May 4, 2005 12:48AM

One day I hope to be able to play that big in coins. Must be a great feeling knowing that you own two coins that are so RARE.

Anyone got a 1990-P in MS67RD?

cladking · May 4, 2005 6:10AM

<< <i>One day I hope to be able to play that big in coins. Must be a great feeling knowing that you own two coins that are so RARE.

Anyone got a 1990-P in MS67RD?

>>

No, but one of my trophy coins is a '70-S small date lincoln that might go MS-68 PL.

I'd stack the percentage gain up to the '09-S VDB any day.

WaterSport · May 4, 2005 9:02AM

It makes no sense to me at all. Its been a hassle getting the last few R&B coins in MS 63 at a decent and affordable price. There are a lot of more vaulble and significant coins and for that matter, collections, that are worth this kind of money. IMHO, NO 1909 svdb is worth $80,000.

WS

roadrunner · May 4, 2005 12:59PM

It's worth $80,000 this week but possibly in a few years, or 10 years it likely won't be worth anywhere near $80,000.

roadrunner

segoja · May 4, 2005 11:22PM

How about the elusive 1969-S Double Die Lincoln. They could be bought not 10-15 years ago in MS65 Red for $7500. What are they worth today????? Many multiples!

Try the Bronze 1943 Lincolns, or the 1944 Steel Lincons. Same story.

Why not the 1909-S VDB.

Another analogy, the $20 High Relief. Every show and auction has multiples of these, yet they bring huge bucks based on demand.

That's the name of the game!