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Is there a "market correction" with the Lincolns?
jacktheknife
Posts: 1,547 ✭
I just noticed that a number of the Lincoln cent lots in the Bowers and Merena auction did not sell. Is the Lincoln market softening?
Jack
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Absolutely not ! They were not fresh coins
The Ann Kate Lincolns brought stratospheric prices
BECAUSE THEY WERE FRESH !
Stewart
How can a coin minted 70 to 97 years ago be "fresh"?
Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
But, i am specualting that all lincoln cents will see a noticible jump in value around 2009 when the cent will stop being minted.
Stewart,
I'd agree. Some of those Ann kate coins hadn't been around for a while, and the prices were strong. However, I think the more "run-of-the-mill" Lincolns are taking a bit of a dip.
Jack
WS
I like the way the Streitch Collection is being built. There are some low pops in it as of late.
Do we have any aggressive high grade Lincoln set builders right now?
Jack
DMWJR - ISN'T JACK LEE A HIGH GRADE LINCOLN CENT SET BUILDER ?
Jack - Why don't you ask Andy how the Lincoln cent market is doing ?
Stewart
Crap is definitely softening.Amen
Jack - Why don't you ask Andy how the Lincoln cent market is doing ?
Andy is definitely a force in the Lincoln cent market, that is undeniable. However, he's just one guy. These boards are great in that you can get a lot of people to offer up opinions.
Anyway, which opinion would carry greater influence, Lord Master Stewart's or Andy's?
Jack
The amount of potential demand even in the lower cost area of obw wheat cent rolls seems to have increased by a factor of 700% since I was last actively buying them in late 2001 after a period of steadily buying them from 1963 through 2001.
Soft even in the lower cost arena of obw wheat rolls? Absolutely NOT!
The top five sets are very difficult to upgrade. I hear that there are a few others building sets offline, but not as aggressive as Jack Lee. I've been actively watching the 09-58 sets for the last year, and the Streitch set is the only one currently registered that has the potential to become a top five current set. (I'm not counting Wayne's set because he has had the same holes for years and only by choice).
Where are the other collectors who do not have a complete set and have to have the top coins available?
If there is softness in the Lincoln market right now, I think it is only temporary.
Where are the other collectors who do not have a complete set and have to have the top coins available?
Hmmm, I wouldn't know.
Jack
I heard a stud with a young attractive wife from New Jersey has a very good Lincoln Cent set.His coins are locked up while he is out to pasture.
Stewart
<< <i>I heard a stud with a young attractive wife from New Jersey has a very good Lincoln Cent set.His coins are locked up while he is out to pasture.
Stewart >>
You and Laura tied the knot?!
I wasn't invited?
I heard a stud with a young attractive wife from New Jersey has a very good Lincoln Cent set.His coins are locked up while he is out to pasture.
Yes, My coins are locked up in Minnesota while I am out here in your neighborhood. However, my wife is 100% NYC Peurto Rican (if there is such a thing). Hottest Pediatrician in Minneapolis
Jack
<< <i>Jack Lee obviously has been an aggressive set builder recently. But, with the number of coins he has gone through, does he still have many holes left in that set?
The top five sets are very difficult to upgrade. I hear that there are a few others building sets offline, but not as aggressive as Jack Lee. I've been actively watching the 09-58 sets for the last year, and the Streitch set is the only one currently registered that has the potential to become a top five current set. (I'm not counting Wayne's set because he has had the same holes for years and only by choice).
Where are the other collectors who do not have a complete set and have to have the top coins available?
If there is softness in the Lincoln market right now, I think it is only temporary. >>
In the more common dates, including most MM cents from the 30's and 40's and 50's, in MS-66 there has definitely been a softening. But in MS-67 RD, these dates are generally solid. In the better dates such as MM cents from the 20's and teens, there is considerable strength, and HUGE demand for the variety dates needed in the 1909-1958 set w/varieties. That generally applies mostly to MS examples, where even RBs and even BNs will have to do 1936 DD Type 1 and 1917 DDO for example). I have no problem selling what I am fortunate enough to locate for inventory.
Ira
<< <i>HUGE demand for the variety dates needed in the 1909-1958 set w/varieties. That generally applies mostly to MS examples, where even RBs and even BNs will have to do 1936 DD Type 1 and 1917 DDO for example). I have no problem selling what I am fortunate enough to locate for inventory. >>
Just wanted to second Ira's observation here, in the last year or so I've sold probably a dozen 1936 Die 1 and 1941 DDOs in PCGS holders in higher circulated grades (30 to 55), and I'm consistently and pleasantly surprised at the money they bring. If you know how to attribute and grade these when they're raw, there are some nice profits to be had.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
sshhh....
post above has been edited.
SeanQ,
Next time you have some 41s DDOs or 1936 D1's...please let me know. I don't have tremendously deep pockets...but I would like to pick up both of those coins in the highest grade that I can afford! I have recently moved into lincoln varieties (at least those that are recognized by PCGS) so I am always looking...
Toby