<< <i>Are we gambling, playing the stock market, speculating or coin collecting? >>
Yes. >>
Same can be said for any coin that you pay more for then what the "perceived market to be". I just paid a bunch for a 1896-S PCGS XF45 Barber Half. I am thrilled to get the coin and do not have a single qualm about how much I paid. What would others think of how much I paid verus what Trends is (I paid about double trends)? The fact of the matter is that I am happy, and the seller is happy. Am I gambling that the coin market (stock market) is going to go up and that I will recoup my money? Heck ya. Am I coin collecting? Most assuredly. Am I speculating? To some extent, yes. This buyer was happy to pay $13,500 for this coin. He/she paid less then what I thought it would go for and I am sure he/she can turn it with a good national auction and at least double his/her money.
I think JRocco made a good point about rarity, which is what I have been trying to do for years and all I get is being called a "modern basher".
And it DOES matter what a 69 sells for. In this case a 69 is $100 and a 68 is $25. Is that 1 point worth 13K+, not to me. Heck the 1963 that Ellewood has in his sig looks as good as a Lincoln or any other coin can and it can only be a 67 according to the pop report.
There are 279 03's in 69 and 1079 in 68. If they were all cracked out and put on a table with the 70 (cracked out also), how many could pick out the 70?????
And as far as tripleing(sp) his money. How many Lincoln collectors want to spend that kind of money on a 2003 when you can get a 68, which will look just as good, for 25 bucks???
There is only a market for a coin like this if more than one person wants it for the moon money price.
Of all the Lincoln collectors the magority will keep theirs in a Dansco album and will search thru rolls until they find a real nice one, which would probably grade somewhere between 65 and 67 at best. The others that are in the Registry without deep pockets will go for the 68 for 25 bucks and the ones with a little more money and are playing the point game will go for the 69 for $100.
In my case for this year and mint I have a 2003-P Roosevelt in 68, which I paid less than 25 bucks. Why would I want to tie up 13K for this non rare year when I could get both the 73-CC and the 74-CC in circ grades for this kind of money? And those ARE rare coins.
<< <i>I think JRocco made a good point about rarity, which is what I have been trying to do for years and all I get is being called a "modern basher".
And it DOES matter what a 69 sells for. In this case a 69 is $100 and a 68 is $25. Is that 1 point worth 13K+, not to me. Heck the 1963 that Ellewood has in his sig looks as good as a Lincoln or any other coin can and it can only be a 67 according to the pop report.
There are 279 03's in 69 and 1079 in 68. If they were all cracked out and put on a table with the 70 (cracked out also), how many could pick out the 70?????
And as far as tripleing(sp) his money. How many Lincoln collectors want to spend that kind of money on a 2003 when you can get a 68, which will look just as good, for 25 bucks???
There is only a market for a coin like this if more than one person wants it for the moon money price.
Of all the Lincoln collectors the magority will keep theirs in a Dansco album and will search thru rolls until they find a real nice one, which would probably grade somewhere between 65 and 67 at best. The others that are in the Registry without deep pockets will go for the 68 for 25 bucks and the ones with a little more money and are playing the point game will go for the 69 for $100.
In my case for this year and mint I have a 2003-P Roosevelt in 68, which I paid less than 25 bucks. Why would I want to tie up 13K for this non rare year when I could get both the 73-CC and the 74-CC in circ grades for this kind of money? And those ARE rare coins.
JMHO
Jon >>
Thank You.
Advanced collector of BREWERIANA. Early beer advertising (beer cans, tap knobs, foam scrapers, trays, tin signs, lithos, paper, etc)....My first love...U.S. COINS!
<< <i>I think JRocco made a good point about rarity, which is what I have been trying to do for years and all I get is being called a "modern basher".
And it DOES matter what a 69 sells for. In this case a 69 is $100 and a 68 is $25. Is that 1 point worth 13K+, not to me. Heck the 1963 that Ellewood has in his sig looks as good as a Lincoln or any other coin can and it can only be a 67 according to the pop report.
There are 279 03's in 69 and 1079 in 68. If they were all cracked out and put on a table with the 70 (cracked out also), how many could pick out the 70?????
And as far as tripleing(sp) his money. How many Lincoln collectors want to spend that kind of money on a 2003 when you can get a 68, which will look just as good, for 25 bucks???
There is only a market for a coin like this if more than one person wants it for the moon money price.
Of all the Lincoln collectors the magority will keep theirs in a Dansco album and will search thru rolls until they find a real nice one, which would probably grade somewhere between 65 and 67 at best. The others that are in the Registry without deep pockets will go for the 68 for 25 bucks and the ones with a little more money and are playing the point game will go for the 69 for $100.
In my case for this year and mint I have a 2003-P Roosevelt in 68, which I paid less than 25 bucks. Why would I want to tie up 13K for this non rare year when I could get both the 73-CC and the 74-CC in circ grades for this kind of money? And those ARE rare coins.
JMHO
Jon >>
There's nothing wrong with an MS-69. Hell, if you enjoy a really nice lightly circulated piece for thje 2003 then there's nothing wrong with an AU. There are many hundreds of millions of the AU and you can find a beautiful coin in pocket change. There is one MS-70.
Chasing MS-69's (near pop tops) is a lot of fun in the moderns and it can be cheap, but you'll run into the monsters once in a while. Sometimes these have a reason to go for far more.
Collect what you enjoy and how you enjoy it. I'd love to have an MS-70 but it will prob- ably never happen without a lot of luck or unless everyone else decides to start collect- ing AU's.
<< <i>I'd rather spend 13 grand on a roll of $20 Libs but coin collecting is subjective. >>
I agree with you! but maybe take even a 1916 standing liberty quarter...
Couldn't this grow into a real racket ? - Grading one or two MS70 moderns like that and say the grading service take a cut of the sale price ( you know be in cohoots with the seller/maker)? Nice little profit to be made from something pulled from a bankroll.
<< <i>I wonder how much the coin will be worth once the copper plating starts blistering. And it WILL happen. >>
Isn't that something that happens durring the minting process and not years later? I have never heard that it happens years down the road but it happens at the mint due to small amounts of gasses or whatever it might be being trapped between the plating.
compromonedas...first of all congrats on owning this sole high point representative of the Lincoln series. Was it ever disclosed as to exactly where this single cent originated from?
<< <i>compromonedas...first of all congrats on owning this sole high point representative of the Lincoln series. Was it ever disclosed as to exactly where this single cent originated from?
ie; Mint Set >>
The finder said that it was in a single mint set bought at a local shop that was needed to make a round lot.
I do not see a 2003 1C MS70 listed in the pop report.... Was this never submitted? Or has it been downgraded?
Maybe I missed something in the thread... Oh well. Cheers, RickO
@ricko said:
Maybe I missed something in the thread... Oh well. Cheers, RickO
That's was also my reaction.
Oh well, it is interesting to peruse the posts and see some users who have been banned over the past several years. I am left wondering what their infractions were - there must have been be some good stories there.
@ricko said:
I do not see a 2003 1C MS70 listed in the pop report.... Was this never submitted? Or has it been downgraded?
Maybe I missed something in the thread... Oh well. Cheers, RickO
i don't see any 70s in the modern lincoln cent pop report. am i missing something? ;-)
Comments
<< <i>Are we gambling, playing the stock market, speculating or coin collecting? >>
Yes.
My icon IS my coin. It is a gem 1949 FBL Franklin.
<< <i>
<< <i>Are we gambling, playing the stock market, speculating or coin collecting? >>
Yes. >>
Same can be said for any coin that you pay more for then what the "perceived market to be". I just paid a bunch for a 1896-S PCGS XF45 Barber Half. I am thrilled to get the coin and do not have a single qualm about how much I paid. What would others think of how much I paid verus what Trends is (I paid about double trends)? The fact of the matter is that I am happy, and the seller is happy. Am I gambling that the coin market (stock market) is going to go up and that I will recoup my money? Heck ya. Am I coin collecting? Most assuredly. Am I speculating? To some extent, yes. This buyer was happy to pay $13,500 for this coin. He/she paid less then what I thought it would go for and I am sure he/she can turn it with a good national auction and at least double his/her money.
Looking for Denmark 1874 20-Kroner. Please offer.
And it DOES matter what a 69 sells for. In this case a 69 is $100 and a 68 is $25. Is that 1 point worth 13K+, not to me. Heck the 1963 that Ellewood has in his sig looks as good as a Lincoln or any other coin can and it can only be a 67 according to the pop report.
There are 279 03's in 69 and 1079 in 68. If they were all cracked out and put on a table with the 70 (cracked out also), how many could pick out the 70?????
And as far as tripleing(sp) his money. How many Lincoln collectors want to spend that kind of money on a 2003 when you can get a 68, which will look just as good, for 25 bucks???
There is only a market for a coin like this if more than one person wants it for the moon money price.
Of all the Lincoln collectors the magority will keep theirs in a Dansco album and will search thru rolls until they find a real nice one, which would probably grade somewhere between 65 and 67 at best. The others that are in the Registry without deep pockets will go for the 68 for 25 bucks and the ones with a little more money and are playing the point game will go for the 69 for $100.
In my case for this year and mint I have a 2003-P Roosevelt in 68, which I paid less than 25 bucks. Why would I want to tie up 13K for this non rare year when I could get both the 73-CC and the 74-CC in circ grades for this kind of money? And those ARE rare coins.
JMHO
Jon
<< <i>I think JRocco made a good point about rarity, which is what I have been trying to do for years and all I get is being called a "modern basher".
And it DOES matter what a 69 sells for. In this case a 69 is $100 and a 68 is $25. Is that 1 point worth 13K+, not to me. Heck the 1963 that Ellewood has in his sig looks as good as a Lincoln or any other coin can and it can only be a 67 according to the pop report.
There are 279 03's in 69 and 1079 in 68. If they were all cracked out and put on a table with the 70 (cracked out also), how many could pick out the 70?????
And as far as tripleing(sp) his money. How many Lincoln collectors want to spend that kind of money on a 2003 when you can get a 68, which will look just as good, for 25 bucks???
There is only a market for a coin like this if more than one person wants it for the moon money price.
Of all the Lincoln collectors the magority will keep theirs in a Dansco album and will search thru rolls until they find a real nice one, which would probably grade somewhere between 65 and 67 at best. The others that are in the Registry without deep pockets will go for the 68 for 25 bucks and the ones with a little more money and are playing the point game will go for the 69 for $100.
In my case for this year and mint I have a 2003-P Roosevelt in 68, which I paid less than 25 bucks. Why would I want to tie up 13K for this non rare year when I could get both the 73-CC and the 74-CC in circ grades for this kind of money? And those ARE rare coins.
JMHO
Jon >>
Thank You.
<< <i>I think JRocco made a good point about rarity, which is what I have been trying to do for years and all I get is being called a "modern basher".
And it DOES matter what a 69 sells for. In this case a 69 is $100 and a 68 is $25. Is that 1 point worth 13K+, not to me. Heck the 1963 that Ellewood has in his sig looks as good as a Lincoln or any other coin can and it can only be a 67 according to the pop report.
There are 279 03's in 69 and 1079 in 68. If they were all cracked out and put on a table with the 70 (cracked out also), how many could pick out the 70?????
And as far as tripleing(sp) his money. How many Lincoln collectors want to spend that kind of money on a 2003 when you can get a 68, which will look just as good, for 25 bucks???
There is only a market for a coin like this if more than one person wants it for the moon money price.
Of all the Lincoln collectors the magority will keep theirs in a Dansco album and will search thru rolls until they find a real nice one, which would probably grade somewhere between 65 and 67 at best. The others that are in the Registry without deep pockets will go for the 68 for 25 bucks and the ones with a little more money and are playing the point game will go for the 69 for $100.
In my case for this year and mint I have a 2003-P Roosevelt in 68, which I paid less than 25 bucks. Why would I want to tie up 13K for this non rare year when I could get both the 73-CC and the 74-CC in circ grades for this kind of money? And those ARE rare coins.
JMHO
Jon >>
There's nothing wrong with an MS-69. Hell, if you enjoy a really nice lightly circulated
piece for thje 2003 then there's nothing wrong with an AU. There are many hundreds
of millions of the AU and you can find a beautiful coin in pocket change. There is one
MS-70.
Chasing MS-69's (near pop tops) is a lot of fun in the moderns and it can be cheap, but
you'll run into the monsters once in a while. Sometimes these have a reason to go for
far more.
Collect what you enjoy and how you enjoy it. I'd love to have an MS-70 but it will prob-
ably never happen without a lot of luck or unless everyone else decides to start collect-
ing AU's.
<< <i>I'd rather spend 13 grand on a roll of $20 Libs but coin collecting is subjective. >>
I agree with you! but maybe take even a 1916 standing liberty quarter...
Couldn't this grow into a real racket ? - Grading one or two MS70 moderns like that and say the grading service take a cut of the sale price ( you know be in cohoots with the seller/maker)? Nice little profit to be made from something pulled from a bankroll.
<< <i>I wonder how much the coin will be worth once the copper plating starts blistering. And it WILL happen. >>
Isn't that something that happens durring the minting process and not years later? I have never heard that it happens years down the road but it happens at the mint due to small amounts of gasses or whatever it might be being trapped between the plating.
<< <i>Sorry i dont own my icon coin, but i will giveaway a 31-s. >>
Hey, I just realized I sold you a 31-s Lincoln a ways back! I hope you liked it.
sounds like ms 69+ to me
ie; Mint Set
"Keep your malarkey filter in good operating order" -Walter Breen
<< <i>compromonedas...first of all congrats on owning this sole high point representative of the Lincoln series. Was it ever disclosed as to exactly where this single cent originated from?
ie; Mint Set >>
The finder said that it was in a single mint set bought at a local shop that was needed to make a round lot.
<< <i>What and expensive piece of plastic and paper label. >>
One wonders why to go to all the trouble to find the coin.
Bump:
Hoard the keys.
Why bump a 12 year old thread? Something new to add?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Just showing why a spot on copper is big deal to a new collector of copper.
Hoard the keys.
Is there anyone here that didn't already know that?
peacockcoins
1
Hoard the keys.
I do not see a 2003 1C MS70 listed in the pop report.... Was this never submitted? Or has it been downgraded?
Maybe I missed something in the thread... Oh well. Cheers, RickO
That's was also my reaction.
Oh well, it is interesting to peruse the posts and see some users who have been banned over the past several years. I am left wondering what their infractions were - there must have been be some good stories there.
@compromonedas post a photo if you're still out there...somewhere...
I can't imagine paying that kind of money for a 2003 penny. Good luck with it. Any pictures anywhere?
i don't see any 70s in the modern lincoln cent pop report. am i missing something? ;-)
It was down-graded. See the other thread.
Smitten with DBLCs.
I just marked my calendar to bump this thread in 2030.
Just in case someone missed it.