Complete Lincoln Registry Set, A breakdown of subsets

DMWJR

The Complete Lincoln Registry Set is a monster of a set, currently standing at 339 coins (through 2005), and includes all mint state, proof, and varieties (which are in the traditional sets) which can now be considered subsets of the Complete Lincoln Set 1909 to Present.

I thought it would be interesting to see how PCGS gives value to Memorial Cents vs. Wheat Cents, and Proof Cents vs. Mint State Cents. The coin weights used were only the weights assigned in the Complete Lincoln Set. The percentages below are by weight and not number of coins. I included the number of coins so you could see the number of coins used to generate the amount of weight. Here are the results:

Lincoln Mint State 1909-present:

Wheat Cents 09-58 --- (149 coins) --- Weight is 63% --- Average Weight Per Coin is 3.57

Memorial Cents 59-Present --- (109 coins) --- Weight is 16% --- Average Weight Per Coin is 1.25

Total weight of all MS Cents --- (258 coins) --- Weight is 79%

Lincoln Proof 1909-present:

Wheat Cents 09-58 --- (26 coins) --- Weight is 13% --- Average Weight Per Coin is 4.27

Memorial Cents 59-Present --- (55 coins) --- Weight is 8% --- Average Weight Per Coin is 1.24

Total weight of all PR Cents --- (81 coins) --- Weight is 21%


If you are working on this set, good luck to you because it is a very long road! (where is that pesky 09vdb proof and that 69 DDO???)

jacktheknife

The weighting seems reasonable. The real stoppers are the early "S" mint wheats and the early matte proofs.

As far as the 09 VDB proof appearances, there have been a few in the past several months. I'm sure Steve will elaborate.


Jack

Steve

Jack, I "love" every opportunity I have to elaborate on the 1909VDB Matte Proof Lincoln cent!

But first, Doug, that is great input about the weighting on the complete set. If I understand what you're saying, PCGS weighs the circulation strikes at 79% and the proofs at 21% of the combined collection. Seems fair to me. It will take some really dedicated collectors to get this whole collection in PCGS holders. If you consider a PCGS holder is currently worth $15 average, that's $5,085 for the plastic thru 2005. WOW! How much do the 339 real coins cost? I do admire those people who are working on the complete PCGS set registry. It is quite an achievement.

Now back to the 09VDB Matte Proof. Since the 3 that were sold at LB, I haven't seen any more for sale. None at the ANA as far as I know and Heritage shows "only" 2 1990 No S proofs up for sale.
Steve

kiyote

There is a date set, right? I think about making a date set in MS63RB, for fun. It would be cheap an obtainable. (Well, MS65RD for dates later than the 40s would stil be cheap)

WaterSport

According to my spread sheet, I have just over $32,000 and 4+ years in the complete set. And this is not a stellar set, but I like it A I have 10 coins to go....4 are at PCGS right now (1912 matte, 1971 -S Proof DDO, and 2006 P&D) That still leaves 6 to go. Reality is that the set will never be completed as the remaining 6 are valued at more than the whole collection. For that matter, just the 1969-S is valued at more than my whole collection. As far as I am concern, PCGS might as well add the 1958 DDO to the mix. That way they can be assurred that after the $5,000 in plastic is bought, no one will be bothering them for a free pedigree designation in this series.

WS

DMWJR

The meat of the set is mint state wheat 09-58, as it should be. I really like the fact that the 09-58 proofs get considerable respect as well for only 26 of the 339 coins. Further, the varieties in the Memorial sets account for about 1/3 of the points, which really puts regular regular memorials in their place.

So I think PCGS did a pretty good job of weighting them as a whole. I don't agree with some of the individual weightings, but everybody is going to have different thoughts anyway.

Anyone know if there are other complete sets besides Gerry, Stewart, and Dan?

Steve, I didn't even think about the cost of the plastic. $15 would be low ....

jacktheknife

Stewart??!!!!

I didn't think he collected that "modern crap".

Jack

DMWJR

<< <i>Stewart??!!!!

I didn't think he collected that "modern crap".

Jack >>





Uh... that phrase has been changed to "modern stuff" by the CU staff!

Ok, I'm expecting a nasty PM about now....an orange glow has formed around my computer.....

DMWJR

By the way, I heard Laura is taking an orange thong to Denver!!!!

jacktheknife

Laura's buying Lincolns??!!!

First, Stewart buying modern crap and now Laura buying Lincolns. You are creating chaos in my world! I may have to quit frequenting these message boards. I'm learning way to much baaaad stuff!!

Jack

STEWARTBLAYNUMIS

Laura in an ORANGE THONG ?????

Can someone please post an image ?

Denver may be evacuated.....unless Laura is going to play football for the Denver Broncos

There is no doubt that Gerry has the best complete Lincoln Cent Set from 1909 to date

Stewart

tradedollarnut

<< <i>Laura in an ORANGE THONG ?????

Can someone please post an image ? >>



Please don't.

DMWJR

cohodk

Now back to the 09VDB Matte Proof. Since the 3 that were sold at LB, I haven't seen any more for sale. None at the ANA as far as I know and Heritage shows "only" 2 1990 No S proofs up for sale.

ANR

Steve

Dave, thanks for the link. Interesting commentary by ANR regarding the mintage figures which they now give credit to Roger Burdette. Kevin Flynn came up with the 1,194 number in 1996 reflecting a docunment at the mint which showed that number as being "good pieces delivered". The Red Book ran with it and still uses it although EVERY other book maintains the 420 quantity for mintage. A couple of years ago I had email conversations with Roger, Kevin and Ken Bressett trying to have the number corrected in Redbook. You will note that although NOBODY knows exact mintages of early proofs, generally proof mintages have been reported as quanity sold by the mint. That has been historically done because the US Mint had to report money received from customers. Docunments support the 420 quantity as what was officially sold of that coin. Other docunments in the mint that Kevin and Roger report on deal with quantities made, some good, some bad, some given away.
Steve