What is the deal with the 2006-d Lincoln Satin Finish coins?
DMWJR
Posts: 6,008 ✭✭✭✭✭
I was thinking it was getting about time to add the 2006 coins to my set. MS69's have been fairly easy to come by for the last few years and have been inexpensive. Apparently no so with the 2006-d satin finish. I saw one offered on ebay for $1,200.00 and almost fell out of my chair, then I decided to check the PCGS pop reports and see what the availability is.
__________
2006p -
MS68 - 560
MS69 - 583
MS70 - 17
2006d -
MS68 - 532
MS69 - 20
MS70 - 0
___________
For comparison, here is 2005-d
MS68 - 546
MS69 - 226
MS70 - 2
What gives? Is it really that hard to make a 2006-d in MS69?
Doug
0
Comments
I guess the Denver mint isn't striking high quality coins this year.
Dan
The '06-D are plentiful and the '06-P's are REALLY hard to find. This is the case with both the SF & BS.
Later, Paul.
Later, Paul.
The population report is telling you that the P-70 and the D-69 are in the same relative rarity and it's absolutely true as of today's pop report. To be frank, we've received a bit of sticker shock when asking $600 for a D-69SF when we can readily sell the P-70 for $900. When everyone realizes the rarity of the D coin, they'll feel fortunate over their purchase price especially early on when they were lapping them up in open auction for $100-$130 early on.
We're currently sold out on both of these coins, but we're not done submitting for them, so we'll likely have 1 or 2 show up sooner or later.
Hope this helps,
Seth
WS
That certainly was a great buy. I still need a 2006D SF example. I was just gonna wait til the population
went higher and then score a cheaper one. Whoops!
RegistryNut
<< <i>The whole Satin vs Buisness strikes vs value is crazy right now. But the buisness strikes are still the ones to watch.
WS >>
no kidding I have MS67RD Circ strike sets up on the bay for $75 for both and I sell 1 every couple of weeks. the D is a tough coin.
<< <i>The whole Satin vs Buisness strikes vs value is crazy right now. But the buisness strikes are still the ones to watch. WS >>
I do not disagree with you here, however I wish to point out that there are how many billions of 1c business strikes versus only about 1 million Satin Finish each year. The difference is if you're investing in a low pop business strike, they can more readily be found and replicated in top grade. If you were to search mint sets, you'd be hard pressed to move the population very much due to the difficulty in finding a large quantity of mint sets (especially once the mint sells out) and the costs involved. Of course it is very conceivable to run out of mint sets if there are only 1 million.
The reason we don't do many business strike searches is not because they're tough to do or find material, but rather that it's easy to move the population report anytime you want, hence the scattered market prices. If a collector or a dealer "invests" in searching raw coins or buying already graded recent year business strikes, they run a big risk of losing money due to the relative ease of others moving the population report quickly and lowering values at a whim. Basically, if we searched business strikes like we search Satin Finish, the top grade business strike prices could cut 50-75% very quickly. So always remember that the population report is greatly affected by how hard everyone searches for the top coins. --> The reason the top grades for recent year coins @ NGC have relatively low populations. It is not because they're harder to make than a PCGS in the same grade...
It's a lot of work to look at business strikes, but it's fun & cheap enough that everyone wants to do it. Business strikes are the heart of coin collecting, so they're great! My note here is intended to be of help towards understanding the rarity/supply fundamentals involved.
Merry Christmas!!!
<< <i>Toby,
That certainly was a great buy. I still need a 2006D SF example. I was just gonna wait til the population
went higher and then score a cheaper one. Whoops!
RegistryNut >>
Well, that was my strategy too. Guess I'll keep waiting....
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