MS/PR 70 2010 Penny?

Leonardo

Okay, this might be my last question for today. Sorry I'm asking so much but,
How much would a 2010 Penny PR/MS 70 [perfect] cost me in a PCGS Gem cost me?
Thanks a lot! This is probably a piece of cake for you guys.
The only ones I found on ebay were an amazing 500 dollars.
Thanks again!

-Leo

tahoe98

...just my opinion but for 500 bucks i'd never put it on that coin. it doesn't even contain a lot of copper.

kimber45ACP

I believe there has only been 1 MS cent ever graded MS70 by PCGS

It took 20 years and over 160,000 tries, but in August 2006, the Professional Coin Grading Service (PCGS) finally assigned the MS-70 grade to a Lincoln cent struck for circulation. The historic coin is a perfect 2003 Cent in full Red MS-70.

Other Lincoln Cents, such as Proof and Satin Finish coins, have earned a grade of 70 in the past, but those were coins produced through special minting processes designed to produce coins of near-perfection. The fact that this coin is a "business strike" meant for everyday commerce makes it all the more special, since no special steps were taken to ensure the quality of this piece when it was made.

According to Jaime Hernandez, Price Guide Editor at PCGS, "This coin is the Holy Grail of Lincoln Cents and something for which we have been searching for two decades. If this coin comes on the market, the competition for it will be fierce. Every advanced Cent or type collector will want to own this coin."

In 2009, the Lincoln Cent will celebrate its 100th Anniversary. Will another perfect MS-70 Cent show up anytime soon? "Not likely", says PCGS President Ron Guth. "This is a remarkable coin and one of the very few that will ever be able to meet PCGS' strict requirements for the MS-70 grade."

link

Tesoro

There are no MS70 Lincolns. The 2003 was downgraded by PCGS

kimber45ACP

<< <i>There are no MS70 Lincolns. The 2003 was downgraded by PCGS >>



Thanks for the update.
That explains why I didn't see it in the pop report.

ambro51

Yes, as mentioned some of the satin finish cents have been graded MS70RD....but do not mistake that to mean they are in any way common. Only 40 coins have gotten that grade, and this has not increased in years.

Rampage

I really do not understand the MS/PF 70 market. You can purchase the MS/PF 69 counterpart many times over for what you will pay for a 70, and there will hardly be any noticeable difference.

lkeigwin

<< <i>

<< <i>There are no MS70 Lincolns. The 2003 was downgraded by PCGS >>



Thanks for the update.
That explains why I didn't see it in the pop report. >>

Right. The Lincoln developed spots, was submitted for a spot review, downgraded, and a substantial settlement occurred because of the guarantee. A shame, really.
Lance.

ambro51

yeah it is ashamed because it dosent change the fact that the strike quality, surface quality, lettering etc etc were and still are MS70....
\
Id buy if for $35

Steve

I own a 2010 Lincoln cent with no mintmark on it. I own a second 2010 Lincoln cent with a "D" mint mark on it. I also own a PCGS slabbed 2010 Lincoln cent with no mintmark on it that is identified as "satin finish" SP68red. I also own a forth PCGS slabbed 2010 Lincoln cent with a "D" mintmark on it that is identified as "satin finish" SP68red. Finally, I own a fifth Lincoln cent which is in proof condition. It is a PCGS slabbed 2010 Lincoln cent with a "S" mintmark on it that is identified as "proof" PR69DCAM. These five coins, three slabbed by PCGS and two in raw condition make up the complete set of 2010 Lincoln cents. I paid a total of 50 cents for the two raw coins and a total of $42 for the three PCGS graded coins. One might think that paying $42.50 for 5 2010 Lincoln cents is a lot of money. But, I bet, that by 2015 those 5 cents will be worth $50 to someone who wants a complete collection. What do you think? Steve

ambro51

Im certain they would be. Especially if they were properly displayed as a set, in something like a Capital holder.

You know, we are seeing something happening now in slow motion and if you really think about....we are talking about how we are seeing these shield cents in circulation everywhere...and there is really no fan fare , no public mention of them...hence, I do not think any hoarding is going on. The hoarders are still sitting on their 09 cent boxes and these 10s are just coming out into circulation.

Perhaps this will be a sleeper coin in the future, somewhat rare since it was not heavily market/promoted/hoarded.

Your complete collection in high grades will always be desirable, you know that.

canadanz

Link to TeleTrade lot from September 28, 2006

Crazy price realized!!!

ambro51

Why do you say crazy price?

The top graded example out of 450 Billion Lincoln Cents.

regardless of the spotting issues that was in the future and not anticipated at this auction.

MsMorrisine

MS coins would be pulled from rolls and mint sets, although lately the mint sets have been using satin finish dies which get the SP designation instead of MS

Those are a lot harder to find in high grades.

Prrof are still hard to find in 70, but they are easier to find in 70 than MS coins. MS coins get treated with much more roughness than PR coins.

tahoe98

Proof are still hard to find in 70, but they are easier to find in 70 than MS coins. MS coins get treated with much more roughness than PR coins. >>



...sometimes we have to wonder, though.