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I thought the Well-Managed Promotion for matte proof Lincolns ended last summer, but prices still se

LongacreLongacre Posts: 16,717 ✭✭✭
in U.S. Coin Forum
I was taking a look at a blog that a dealer wrote. I cut a segment of the blog below, dealing with the matte proof Lincoln market. Perhaps I am wrong, but I recall last summer there was a raging Well-Managed Promotion for these coins going on. You could not swing a numismatic dead cat on these boards without someone mentioning MPLs and how the prices were going up, up, up.

I thought the fanfare surrounding these coins died down, but it looks like the prices are still high. For those who collect these coins, are they still white hot, or have prices generally come down a bit?

Here is the excerpt:


"Auctions are showing the same trends dealers are seeing, even moreso. Some coins either didn't sell or sold for very low prices at the auctions, but higher-quality material brought high prices. Check out the Stack's sale Matte Proof Lincoln cents for examples of this trend (prices include 15% buyers fee)::

1909 NGC MP-65 RB, Lot 3391 $4,600 Bid $850 541% of bid
1909 PCGS MP-64 RB, Lot 3392 $1,150 Bid $675 170% of bid

1910 NGC MP-65 BN, Lot 3398 $1,840 Bid $475 387% of bid
1910 PCGS MP-64 RB, Lot 3399 $1,093 Bid $655 167% of bid

1913 NGC MP-65 RB, Lot 3411 $3,738 Bid $805 464% of bid
1913 PCGS MP-64 RD, Lot 3412 $ 863 BId $910 95% of bid

1914 NGC MP-66 BN, Lot 3416 $2,760 Bid N/A N/A
1914 PCGS MP-65 RB, Lot 3417 $1,495 Bid $805 186% of bid

1915 NGC MP-65 BN, Lot 3416 $3,450 Bid $480 719% of bid
1915 PCGS MP-64 RB, Lot 3417 $1,265 Bid $655 193% of bid

1916 PCGS MP-64 RB, Lot 3427 $1,610 Bid $700 230% of bid
1916 ANACS MP-64 BN, Lot 3428 $3,220 Bid $375 859% of bid"
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)

Comments

  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>... but higher-quality material brought high prices. >>

    Topping our news today, the sun rose in the east. Film at 11. image
  • RYKRYK Posts: 35,796 ✭✭✭✭✭
    Apparently, a mildly prominent forum member has recently declared his new found love for the MPL (and is looking for a place on his back to show his commitment to the series). This should keep the balls in the air a bit longer. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • fcfc Posts: 12,793 ✭✭✭
    to me it seems like the people who got in on the well managed promotion
    are interested in finishing things up or the dealers who serve
    customers are wanting to fill in some want lists at any price. Also
    it is probably nice material for a specialist to have in inventory ready
    to sell to customers who desire such. Those dealers can simply explain
    away the high prices as this is the hottest item going right now and
    people will gladly pay instead of waiting a few years and seeing if
    things cool down.

  • RYKRYK Posts: 35,796 ✭✭✭✭✭
    Back in the day (ie. last year), the front page of the MPL Forum (aka the PCGS Set Registry Forum) would have five to eight threads on the subject of MPLs. I just looked over there, and there is but one thread on the topic of MPLs on the front page. Clearly, the promotion is over. Sometimes, this occurs when there is not enough material left to sell.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • LongacreLongacre Posts: 16,717 ✭✭✭


    << <i>Back in the day (ie. last year), the front page of the MPL Forum (aka the PCGS Set Registry Forum) would have five to eight threads on the subject of MPLs. I just looked over there, and there is but one thread on the topic of MPLs on the front page. Clearly, the promotion is over. Sometimes, this occurs when there is not enough material left to sell. >>




    I don't spend much time (really none at all) on the Registry Forum, so this is an interesting observation. Clearly the WMP for MPL is over.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • JulianJulian Posts: 3,370 ✭✭✭
    Without seeing the coins, what some of those #'s tell me is that at least two people thought that some of the coins would upgrade!
    PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

    eBaystore
  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    I think some of it is genuine collector interest. However, I'm usually a glass is half full type of person.
  • DMWJRDMWJR Posts: 5,994 ✭✭✭✭✭
    Longacre,

    You are talking about the rarest segment of the most widely popular series. Those prices still don't seem high to me when compared to other series. I don't think they are ever going to go back to previous price levels. Yes, some of the higher priced coins for the grade may settle some, but on the whole I think it is going to remain pretty steady. I've never really gotten comfortable though with some of the moon money being paid for color on MPL's though. But that's never turned me on like it does some people. Same hold true for Morgan dollars.
    Doug
  • crypto79crypto79 Posts: 8,623 ✭


    << <i>Longacre,

    You are talking about the rarest segment of the most widely popular series. Those prices still don't seem high to me when compared to other series. I don't think they are ever going to go back to previous price levels. Yes, some of the higher priced coins for the grade may settle some, but on the whole I think it is going to remain pretty steady. I've never really gotten comfortable though with some of the moon money being paid for color on MPL's though. But that's never turned me on like it does some people. Same hold true for Morgan dollars. >>




    More or less I think you are right< But in life I have found it best not to take advice on how hot or cool Lincolns are from someone with a Lincoln in there avatar
  • DMWJRDMWJR Posts: 5,994 ✭✭✭✭✭
    No problem. It's not advice -- just my opinion after spending the last decade avidly collecting them in many different grades and colors. Take it as you see fit.

    (I'll be sure and not take your advice next year when considering next year's superbowl contenders either image)
    Doug
  • SteveSteve Posts: 3,312 ✭✭✭
    The MPL series consists of NINE (9) Lincoln proof cents minted between 1909 and 1916. A TOTAL of 15,914 were sold to collectors from the US Mint. They were not very popular with collectors at that time because they were made of a Matte type finish instead of the Brilliant type finish of prior proof coins. There is probably a limited market of collectors who want these coins, but there REALLY is a very limited supply out there. Kevin Flynn just recently wrote a new 128 page book devoted to these nine coins with color pictures and lots of detail information. Steveimage
    My True View Album

    My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
  • DoogyDoogy Posts: 4,508 ✭


    posting those results are going to have the Kool-Aid drinkers up at arms. Looks like PCGS got killed on MPL realized prices versus bid, when you compare them to NGC and ANACS.

    is PCGS the new red-headed stepchild of the MPL market?

  • fcfc Posts: 12,793 ✭✭✭


    << <i>posting those results are going to have the Kool-Aid drinkers up at arms. Looks like PCGS got killed on MPL realized prices versus bid, when you compare them to NGC and ANACS.

    is PCGS the new red-headed stepchild of the MPL market? >>



    but the majority of the PCGS examples are a grade lower...
    not really fair comparisons except the last which was probably an
    older ANACS holder if i had to guess!
  • DoogyDoogy Posts: 4,508 ✭


    << <i>

    << <i>posting those results are going to have the Kool-Aid drinkers up at arms. Looks like PCGS got killed on MPL realized prices versus bid, when you compare them to NGC and ANACS.

    is PCGS the new red-headed stepchild of the MPL market? >>



    but the majority of the PCGS examples are a grade lower...
    not really fair comparisons except the last which was probably an
    older ANACS holder if i had to guess! >>




    i'm not comparing the NGC to the PCGS; just the amount the NGC brings against bid in it's grade, which is far higher than PCGS brings against the bid in it's respective grade.

    the numbers listed are pretty convincing
  • droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>The MPL series consists of NINE (9) Lincoln proof cents minted between 1909 and 1916. A TOTAL of 15,914 were sold to collectors from the US Mint. >>



    There are certainly at least 16,000 Lincoln cent collectors who would like to have at least one example of the MPL, even if they don't want/can't afford the entire run.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>The MPL series consists of NINE (9) Lincoln proof cents minted between 1909 and 1916. A TOTAL of 15,914 were sold to collectors from the US Mint. >>



    And just as a point of comparison, this is also roughly the same mintage as both the 1922 "no D" (die pair #2) and the 1955 DDO.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>And just as a point of comparison, this is also roughly the same mintage as both the 1922 "no D" (die pair #2) and the 1955 DDO. >>

    True. But generations of coin albums have increased demand for the 1922 no-D and the 1955 DDO. Albums don't have holes for MPLs. image
  • droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>But generations of coin albums have increased demand for the 1922 no-D and the 1955 DDO. Albums don't have holes for MPLs. image >>



    I've never seen an album with a hole for the 55DDO.

    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭


    << <i>

    << <i>

    << <i>posting those results are going to have the Kool-Aid drinkers up at arms. Looks like PCGS got killed on MPL realized prices versus bid, when you compare them to NGC and ANACS.

    is PCGS the new red-headed stepchild of the MPL market? >>



    but the majority of the PCGS examples are a grade lower...
    not really fair comparisons except the last which was probably an
    older ANACS holder if i had to guess! >>




    i'm not comparing the NGC to the PCGS; just the amount the NGC brings against bid in it's grade, which is far higher than PCGS brings against the bid in it's respective grade.

    the numbers listed are pretty convincing >>



    Shhh, don't tell anybody. image
    Collector of Large Cents, US Type, and modern pocket change.
  • ArizonaJackArizonaJack Posts: 4,029 ✭✭✭


    << <i>

    << <i>

    << <i>posting those results are going to have the Kool-Aid drinkers up at arms. Looks like PCGS got killed on MPL realized prices versus bid, when you compare them to NGC and ANACS.

    is PCGS the new red-headed stepchild of the MPL market? >>



    but the majority of the PCGS examples are a grade lower...
    not really fair comparisons except the last which was probably an
    older ANACS holder if i had to guess! >>




    i'm not comparing the NGC to the PCGS; just the amount the NGC brings against bid in it's grade, which is far higher than PCGS brings against the bid in it's respective grade.

    the numbers listed are pretty convincing >>



    You noticed that too huh?image
    " YOU SUCK " Awarded 5/18/08
  • sinin1sinin1 Posts: 7,500 ✭
    the well managed program on the Set Registry board seems active still

    every week the upcoming sales/availability/auction seemd listed
  • DoogyDoogy Posts: 4,508 ✭


    << <i>

    << <i>

    << <i>

    << <i>posting those results are going to have the Kool-Aid drinkers up at arms. Looks like PCGS got killed on MPL realized prices versus bid, when you compare them to NGC and ANACS.

    is PCGS the new red-headed stepchild of the MPL market? >>



    but the majority of the PCGS examples are a grade lower...
    not really fair comparisons except the last which was probably an
    older ANACS holder if i had to guess! >>




    i'm not comparing the NGC to the PCGS; just the amount the NGC brings against bid in it's grade, which is far higher than PCGS brings against the bid in it's respective grade.

    the numbers listed are pretty convincing >>



    You noticed that too huh?image >>



    hard not to image

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