Are Lincoln Memorials cooling off?
WaterSport
Posts: 6,696 ✭✭✭✭✭
Is it me, or are MS 66 Lincolns cooled down considerably? I took a bath the other night selling 21 MS 66 Memorial Lincolns. Common dates, yes, but nothing sold for more $8.00 Ironically, I bought some memorials recently at far below previous levels, like a MS 66 1963 for $99. And this is the third one I have seen this month at near this price. There is a 62-D struggling to break $100 right now but even with three days to go, it doubt it will sell for what they did 12 months ago.
Contrary, MS 67 and 68’s are doing well. Perhaps we “All” got Lincoln registry sets started within the same time frame that made us compete and drive the price up and now we are busy upgrading thus flooding MS 66 “Junk” on the market and going after the higher grades at all cost…Have “WE” the Lincoln registry folks done this ourselves, or is bigger than that and a falling market trend is occurring. Your opinion please!
WS
Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
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I would even go as far as to say that lincoln wheats 34-58 are cooling off as well.
As a long time Lincoln cent collector including the entire memorial series, I've never even thought of spending more than $1 for my memorial coins. True, they are not slabbed, but based on comparisons with some of my slabbed wheats, I'd say most of mine would grade out at MS65-MS66. But, somehow the perceived grade doesn't really bother me as far as the collection goes. It is the completeness of having all dates and mintmarks of these coins that
I enjoy. I guess to some, that challenge really isn't very meaningful as compared to striving for a top pop. To me, if the coin looks nice then I'm satisfied. Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
if it is cooling off, I'll have to go look and see if I can upgrade anything in my set.
I must agree with all that you think might be happening. Just recently I was feeling like the majority of
the Memorial market seemed to be cooling off. I wasn't sure if I was correct but your thoughts seem to
coincide. And, if this really is happening, I agree that,we, the registry folks, probably contributed.
I hope Lincolns Rule will reply on this. I'm sure he can add some further insight.
RegistryNut
S & L Lincolns
David
WS
Yes! Lincolns are crashing! PM me with high grade Lincolns you want to sell!!