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1909VDB (PCGS64RB) MATTE PROOF LINCOLN CENT AT AUCTION
Steve
Posts: 3,313 ✭✭✭
Those of you who collect the Proof Lincoln cents for the PCGS registry will have another opportunity to aquire the rare 1909VDB Matte Proof Lincoln cent when it goes to a Heritage auction on Wednesday, November 29th. 1909VDB Matte Proof Lincoln Cent
While the Heritage notice says that 1,194 were issued, most of us feel more comfortable with the traditionaly accepted SOLD quantity of 420 reported by the US mint. In any case, it is generally accepted that less than 200 exist today with the three key diagnostics.
1. Die polish shows on front of and top of the nose on the obverse.
2. Die scratch from the back of Lincoln's coat going into the field below the right leg of the "R" of LIBERTY on the obverse.
3. Crescent shaped die chip to the right of "M" in UNUM on the reverse.
I know Doug has some great pictures of these KEY diagnostics.
This coin is just not generally available from dealers. Almost all are in the hands of collectors (like me) who truly appreciate owning this coin. The current bid (7 bidders)with the juice is about $11k. Considering that the PCGS price guide has the coin valued at only $7k it tells you how Lincoln cent collectors really want to own this coin. Good luck if anyone here is going after this one. Steve
While the Heritage notice says that 1,194 were issued, most of us feel more comfortable with the traditionaly accepted SOLD quantity of 420 reported by the US mint. In any case, it is generally accepted that less than 200 exist today with the three key diagnostics.
1. Die polish shows on front of and top of the nose on the obverse.
2. Die scratch from the back of Lincoln's coat going into the field below the right leg of the "R" of LIBERTY on the obverse.
3. Crescent shaped die chip to the right of "M" in UNUM on the reverse.
I know Doug has some great pictures of these KEY diagnostics.
This coin is just not generally available from dealers. Almost all are in the hands of collectors (like me) who truly appreciate owning this coin. The current bid (7 bidders)with the juice is about $11k. Considering that the PCGS price guide has the coin valued at only $7k it tells you how Lincoln cent collectors really want to own this coin. Good luck if anyone here is going after this one. Steve
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How much would a Proof 66 red 1909 VDB bring in auction in todays market ?
Stewart
1. NGC---PR64BN-----June 2006------$8,050
2. PCGS--PR65RB-----June 2006-----$17,250
3. PCGS--PR66RB-----June 2006-----$29,900
4. PCGS--PR66RB-----Feb--2006-----$25,300
5. NCS---PR60 --------Nov--2005------$1,265 cleaned
6. PCGS--PR62RD-----Jan--2005------$5,750
7. PCGS--PR65RB-----Dec--2004------$9,200
8. PCGS--PR64RD-----Nov--2004------$7,187
9. PCGS--PR65RD-----Nov--2004-----$20,125
10.PCGS-PR64RB-----May--2004------$7,130
11.PCGS-PR65RD-----Jan--2004-----$20,700
12.PCGS-PR65RD-----July--2003-----$13,800
13.PCGS-PR65RB-----July--2003------$5,290
14.PCGS-PR64BN-----Jan--2003------$4,600
15.ANACS-PR63RB----Sept-2002-----$4,255
16.ANACS-PR63RB----Apr-2002------$1,955 (my coin-cross to PCGS)
17.PCGS-PR65RB------Nov-2000-----$5,635
18.PCGS-PR65RB------Aug-2000-----$4,945
19.PCGS-PR66RD------Aug-2000----$14,950
20.RAW--PR62BN------Jun--2000-------$920
21.ICG---PR64RB------Jan--2000------$2,450
I would guess that probably no more than 30 others have traded owners in the past six years via other auctions or private treaty sales. Anyone else have some input on this? Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
It'll be interesting to see the final price.
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
q]A couple of threads ran last month concerning the number of dies used to strike Matte Proof Lincolns. I agreed to take some photographs of the diagnostics that are on my coins and post them, along with some of the information. Please look at your Proof VDB, and post to the thread whether or not it has these diagnostics. Maybe we can get to the bottom of the dies used. Knowing the dies used for key dates is very important for anyone looking to buy one. There are fakes out there, so beware!
There seems to be some discrepancy between the authorities (Flynn, Lange, Albrecht, Breen) about the number of dies used for each of the years. Steve was gracious enough to mail me some additional information, which I have read and used to take the following pictures. (Thanks Steve C.!!!)
Kevin Flynn stirred the waters with his 1996 publication that there were actually 1,194 VDB's minted, which directly contradicts the official records, pop reports, and the other authorities which have long concluded that there were only 420 minted. Additionally, Flynn states that there were two ovberse dies and three reverse dies used to make the VDB's. Albrecht reports only one obverse die, and one reverse die.
The VDB obverse: To date, I have only seen one obverse die used on a VDB. The prominent diagnostics (aside from standard proof characteristics like squared rims) include: (a) die polish in front of the nose, and (b) a single die scratch behind Lincoln's coat toward "R" in LIBERTY. This obverse was also used to strike some, but not all of the 1909 plain MPL's.
The VDB reverse: To date, I have also only seen one reverse die used on a VDB. The most publicized diagnostic is a small crescent shaped die chip near the rim, between the "M" in UNUM and the top of the wheat ear. However, after looking at my own VDB, there is a fairly prominent die gouge at 6:00 beginning below the "D" of VDB, and extending up through the period, into the back of the "B" in VDB.
I plan on posting the other dates as I can. Matte Proof Lincolns are a short and very sweet series to collect. In my opinion, it is one of the most undervalued series on the market today. >>
I hope the above information is helpful to anyone who may desire to own one of these rare coins. They say a picture is worth a thousand words. This is a great example. Thank you Doug. Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
I'll try to take some better pics of the diagnostics from my current example and post those. I've got a better lens now for doing macro work, so that should help also.
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
<< <i>How much would a Proof 66 red 1909 VDB bring in auction in todays market ?
Stewart >>
A 66red would go to the moon and back at auction right now.
Dan
The PCGS price guide shows the PR67RD has a retail value of $40,000. I DO think Stewart's coin is worth a little bit more than that
The coin sold tonight for $14,950 which must be a record price for a PR64RB 1909VDB Matte Proof Lincoln cent. Congratulations to the winner.
Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Perhaps someone should send an e mail to Jaime hernandez at PCGS explaining he needs to REevaluate the pricing for the 1909 VDB proof Lincoln cent.
I feel a Proof 66 red would bring $75,000 at auction and a Proof 67 red would bring $150,000 at auction.
Stewart
<< <i>Perhaps someone should send an e mail to Jaime hernandez at PCGS explaining he needs to REevaluate the pricing for the 1909 VDB proof Lincoln cent.
I feel a Proof 66 red would bring $75,000 at auction and a Proof 67 red would bring $150,000 at auction.
Stewart >>
Stewart,
I can think of nobody better than YOU to send that email to Jaime. Your input is important and those of us who collect these Matte Proof Lincolns' and especially the 1909VDB would certainly appreciate it. Thanks.
Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry