2003 MS70 Lincoln, has hairline on shoulder, not fully struck and overall average looking
michael
Posts: 9,524 ✭✭✭
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michael
Posts: 9,524 ✭✭✭
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- Marcus Tullius Cicero, 106-43 BC
It's a safe bet you've never looked at a 2003 cent before but you can grade one from a photo. I need to have your talent.
<< <i>has anyone here other than the coin's consigner seen the coin? If so, please tell. >>
I have seen the coin in person, and it qualifies for an MS70 grade. On the other hand, so do many other 2003 pennies that have not been certified.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>I just cant get excited about a 2003 cent regardless of the grade. >>
Me and you both. I've probably spent several that were just as nice.
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>
<< <i>has anyone here other than the coin's consigner seen the coin? If so, please tell. >>
I have seen the coin in person, and it qualifies for an MS70 grade. On the other hand, so do many other 2003 pennies that have not been certified. >>
Herein lies the main problem with modern coinage (sorry Sam), there are soo soo many of these babies out there that to spend this money for a MS70 coin when tomorrow 10 more could be made is absurd. Once the door has been opened , a gazillion more will be sent in (I wonder if PCGS thought about that ??????) hoping for that TPG blessing from above.
<< <i>
Herein lies the main problem with modern coinage (sorry Sam), there are soo soo many of these babies out there that to spend this money for a MS70 coin when tomorrow 10 more could be made is absurd. Once the door has been opened , a gazillion more will be sent in (I wonder if PCGS thought about that ??????) hoping for that TPG blessing from above. >>
This isn't the first time I've heard this argument. With coins that are only three years old I largely agree
except in this case since it is unique across the entire series so would seem to be very improbable to become common.
PCGS has been grading moderns for a whole generation now (20 years). Some moderns are two generations old. It would be wrong to figure a coin like a 1973-P Ike is suddenly going to show up in MS-67 in quantities. The pops on some of the moderns are already growing more slowly than the pops on some of the classics. It's unlikely these trends will reverse.
Sure, there are at least three or four million 2003 cents out there in mint sets and rolls. More of these coins will be checked as time goes on and the odds of another of these being found is not poor. So what? This has no bearing on 1971 dimes or 1999 nickels. Each date is as individual as the classic dates. Some dates exist in only tiny quantities because they weren't saved or have had high attrition. Even where they exist in huge numbers like 1976 quarters it is possible to sample these coins and know what might turn up and what isn't going to turn up. While people were busily socking away many millions of the bicentennial quarters everybody simply forgot to look for the truly choice pieces.
And this is indicative across the board for all the modern ('65-'98) coins. People didn't bother to seek the choice specimens. They didn't bother to look for varieties. They didn't bother to collect them. Now we have vast mintages which are used in the grocery to make change. Even some of those vast mintages can be very elusive after decades of attrition and being ignored. Even these vast mintages after being whittled down can hide among the more ast mintages which preceeded or followed them. This may seem mere detail to someone who doesn't collect them but it still makes finding the varieties and nice specimens hugely more difficult.
All the talk one hears of exploding populations and hoards of moderns but it seems everytime something hits the market it's more old coins. They come out of hiding from all points of the compass, and from foreign countries, but even finding something like a roll of the quarters that were circulating thirty years ago is getting incredibly difficult.
It would be very unwise to buy this coin as an investment. The chances it will decrease over what you'll probably have to pay is high. But it won't be bought by an investor in all likelyhood. It will be bought by a collector.
actually, there's only this one. haven't you been paying attention??
Go BIG or GO HOME. ©Bill
<< <i>.....................there are soo soo many of these babies out there.....................
actually, there's only this one. haven't you been paying attention?? >>
If it ain't in plastic, it ain't that fantastic.
just imagine this one as a 70 Bill.
<< <i>
except for the "2003 MS70 Lincoln" in the thread title
... I thought this was a description of a bar fly.
<< <i>
just imagine this one as a 70 Bill. >>
LOL at first I thought that was the actual pic
I doubt its far off the mark though
I still want to see the pic...michael where did you see it?
Go BIG or GO HOME. ©Bill
I am a collector
And things, well things
They tend to accumulate