1909 VDB MPL in Fort Worth Heritage Auction PCGS PR64RB!!!
renomedphys
Posts: 3,641 ✭✭✭✭✭
Along with almost a complete set of mattes in PCGS plastic. Link
0
Comments
WS
And even then, it would haunt me.
Im just being honest.
https://pcgs.com/setregistry/showcase/2819
Easy. I know what type of coins I like, and what kind I dont. The coin does not stcnd out to me as an eye appealing coin. Like grading, this is purely an opinion.
<< <i><<How can you make such a call when you know the photos from Heritage are historically average at best.>>
Easy. I know what type of coins I like, and what kind I dont. The coin does not stcnd out to me as an eye appealing coin. Like grading, this is purely an opinion. >>
That may be but not everyone has enough money for a $40k+ coin either.
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
WS
<< <i>I see the one that sold at Heritage for $40,000 is available as well. The owner is taking offers on the heritage site.
WS >>
Actually every coin sold through heritage has an option to offer the buyer.
"As the first Lincoln cent, and a short-lived variety with initials on the reverse, this 1909 VDB is an important rarity in proof format, with a mintage of just 1,194 coins. Perhaps half of those survive today."
OK...........600 VDB matte proofs out there?
<< <i>
OK...........600 VDB matte proofs out there? >>
NO! I truly believe that less than 200 currently exist "out there".
It is the TRUE rarity of this coin that appeals to me and I assume to Chris also. As the saying goes, if you have the MONEY you can get just about any coin in existence, but to those of us who collect Lincoln cents and include in their collection PROOF Lincoln cents, the 1909 VDB MPL is a must for a complete collection. You just cannot go to your favorite dealer and pick one up at your convienence. The coin is rarely advertised and can usually only be obtained thru auction or private treaty. I own the lowest graded PCGS example of this coin at PR61RB and it is VERY special to me. Why? Because it is SO difficult to acquire one.The coin is just NOT available to the average collector for less than $10,000 today in ANY condition as long as it is a genuine authenticated example certified by PCGS or NGC. It is true that those who can afford one would seek to get one in the highest grade and condition they can afford. There is certainly many more certified in grades PR64 and PR 65 than all the other grades combined. PCGS has 69 of 103 in those two grades and NGC has 34 of 49 in those two grades. So, if you REALLY want a 1909 VDB MPL for your Lincoln cent collection the opportunity to get one may mean accepting an example less pristine than for any other date or type in the Lincoln cent series. I believe there are many Lincoln cent collectors who dream of owning this variety and would pay to the maximum of their financial ability to aquire it in any condition. JMHO. Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
<< <i>Woulda been nice at the 2004 price.
You're telling ME!
If I were handed this coin and asked point blank at what price point I would find compelling, I would have to say about $20K. Yes, that's right. I would feel compelled to write a check for $20K if this coin were offered to me at that price. And anyone else here would be a fool not to.
Gone are the days of buying MPLs for a few hundred dollars, the days of limited speculation at auction. Gone are the times when people actually collected these coins interchangeably with MS examples. Matte Proof Lincolns are in the spotlight now and here to stay. And THIS is no ordinary MPL. It is the key to the series. Forget mintages. It has a lower surviving population total than any other Matte. It has held collector interest since it was minted. It is a one year type. It is the very first Lincoln Proof. And you couldn't even have gotten one by placing an order for one directly from the mint back in 1909, unless you were among the very first to order a minor proof set (citation needed) containing only the cents and nickels. Add to that the aire of mystique generated from having the design recalled mid production, clearly stating to the collecting public that these coins were no longer intended for public consumption. I can personally say that there's nothing that spurs collector interest like producing a quality product, then telling everybody that very few were produced, even fewer were sold, that the product was recalled, and that you're going to have to be happy without one. This exact same scenario has caused me to lust after things that would usually hold no collector interest for me. Dumb stuff like superior quality bike parts that were recalled for patent infringement, or rediculous limited issue Lego sets. If ever there were a coin that deserves the full attention of the collecting public, it is this one.
I'll WAG that the final hammer will be at least $25K + the juice.
Empty Nest Collection
Matt’s Mattes
What you just said is exactly why I feel the 1909 VDB MPL is that VERY special coin and that any Lincoln cent collector can feel proud and happy to own one IN ANY CONDITION as long as he KNOWS it is an authentic example.
Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
But, the same can be said about dropping $20k on a coin with zero eye appeal just to get an example at all costs.
Thats my opinion, how someone else views this coin, is another story. Eye appeal is subjective like grading. I wouldnt call you a fool for spending $20k on anything you desire, but Id ask that you dont call me a fool for not buckling on an inferior example at a price you think is in line with this piece...
<< <i><<And anyone else here would be a fool not to.>>
But, the same can be said about dropping $20k on a coin with zero eye appeal just to get an example at all costs.
Thats my opinion, how someone else views this coin, is another story. Eye appeal is subjective like grading. I wouldnt call you a fool for spending $20k on anything you desire, but Id ask that you dont call me a fool for not buckling on an inferior example at a price you think is in line with this piece...
Well, I won't say that I didn't expect that reaction. Let me qualify my bold statement. Personally, I would be willing to risk that there is another collector out there who would be willing to eventually make purchasing that coin for $20K worth my while. I would also enjoy the time spent with that coin as a companion to my other example. I have grown quite fond of having multiple examples of MPLs, and derive a huge amount of enjoyment from comparing characteristics of different pieces. Lastly, I think that anybody who has an affinity for making money could do a lot worse than investing $20K on a coin like that. That said, if I could only have one example of a VDB MPL, and I had to live with my choice (never sell or upgrade), I would most likely save my $20K for a more eye appealing example, so in that sense, I agree with you.
edited for redundancy and redundancy
Empty Nest Collection
Matt’s Mattes
I hear ya. And, for the record, while I think the coin in the op is a dog, I agree that you could do alot worse. From the images, it looks orig, which is a major bonus with this coin. SO in that regard, it is worthy of a good bid. Just not from me.
Im just saying, I couldnt fork over that kinda cash for something I didnt like on first view.
I also had afew mpl's and love studying their qualities, I havent had multiple examples of the same date however.
Im not great at this PC stuff, can someone directly post an image of the op coin?
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
The close up images kill it, the small spots all over it and the 'issue' in front of Abe. The slab shots make it look rather decent.
And to be fair, its not a horrible looking coin.
<< <i>I agree with Bob.
The close up images kill it, the small spots all over it and the 'issue' in front of Abe. The slab shots make it look rather decent.
And to be fair, its not a horrible looking coin. >>
If it didn't have any issues it wouldn't be a 64, it would be a gem....
https://pcgs.com/setregistry/showcase/2819
<< <i>I could love it (for the right price) >>
I could love just about anything for the right price.
60 years into this hobby and I'm still working on my Lincoln set!
Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
<< <i>Well, another 1909VDB MPL is up on Heritage in PR64RB condition in a PCGS holder. With three weeks to go there are 3 bidders so far, 15 trackers and 202 page views. The bidding is at $7,475 with the juice and I'm sure it will go up from there. Take a look at the listing here
Steve
Link is same coin as OP's.
Lance.
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
64RB VDB
No pics yet... wonder if that'll keep the bidders from going crazy on the current coin knowing there's another in a few weeks?
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Drew
<< <i>There will be two 1909 VDB MPL in the Milwaukee auction. A 64RB and my 63RD. Time will tell about the market.
Drew >>
So far, I like everything I see about the 64RB. From the photos I've seen, the 63RD doesn't look too shabby either.
Empty Nest Collection
Matt’s Mattes