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PCGS grades the 2nd known MS67BN Lincoln Cent!!!

WingedLiberty1957WingedLiberty1957 Posts: 2,961 ✭✭✭✭✭
1957-D Lincoln Cent (PCGS MS67BN)

This is only the 2nd Lincoln Cent that PCGS has assigned an MS67BN grade, out of nearly 300,000 Wheat Reverse Lincoln Cents they have graded since they starting grading coins over 20 years ago. MS67 is the top (highest) PCGS grade in the Brown Color class for the entire run of Lincoln Cents. The first breakthrough at that grade and color class happened back in late May -- and this coin is the second.

When PCGS graded their first MS67BN Lincoln in late May, it generated this thread ...
HISTORY is MADE - PCGS Grades First 67 Brown Lincoln !!!

This new (2nd) historical coin in that rarefied grade and color class was an NGC MS67imageRB that PCGS crossed to MS67BN.

image

I suppose there could be some question on whether this should have been classified a BN or a RB coin (NGC thought it was RB, when they graded it a number of years ago, however the coin could be slowly turning darker and more colorful as time passes) -- but, in any case, who am I to argue with the grading experts at PCGS! The definition of a BN coin is it contains less than 5% original mint-fresh copper color (the color copper that cents have when first being minted). So the ultimate question is what percent of this coin shows original mint-fresh copper color? If it's less than 5% then it's classified a BN (Brown); if it's between 5% and 95% then it's classified a RB (Red-Brown); more than 95% and it's classified a RD (Red). Even if you think this coin really is a RB and not a BN -- it's still in rarefied air as there are only 63 PCGS MS67RB Lincoln Cents known.

Here is the PCGS Population Report for all Mint State Lincoln Cents broken down by grade and color class. The position of this coin, based on the PCGS slabbed grade, is circled in red.

image


CoinFacts now has this coin as their 1957-D plate coin in the BN color class. This page also offers a nice A-B-C comparison of coins that PCGS placed in the RD vs. RB vs. BN color class.

image


In any case, there should be no question that it's beautiful (no matter what grade or color class it's in) -- at least I think so!


Comments

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    orevilleoreville Posts: 11,780 ✭✭✭✭✭
    Soon there will be a PCGS MS-68BN
    A Collectors Universe poster since 1997!
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    georgiacop50georgiacop50 Posts: 2,909 ✭✭✭✭
    The Krakken has been released!

    I agree that that shows <5% mint red. The majority of the red on obv is red toning, not mint red.
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    guitarwesguitarwes Posts: 9,240 ✭✭✭

    PCGS will generate lots of business because of this. Crackouts, Regrades, Reviews, etc.

    Congrats to the other person who owns the other 67BN.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
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    WingedLiberty1957WingedLiberty1957 Posts: 2,961 ✭✭✭✭✭
    Based purely on statistics. You will probably see an MS68 RB first ...

    It took roughly 67 MS68 RD's to find 1 MS69 RD coin

    And we are up to 63 MS67 RB's ... so I would expect our first MS68 RB sometime in the next year or two.

    I think we will need another 60 or so MS67 BN's to be found/graded ... before someone stumbles onto our first MS68 BN.
    I think that will probably take decades and not years.
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    WingedLiberty1957WingedLiberty1957 Posts: 2,961 ✭✭✭✭✭
    Here is a photo of this coin in the newly received PCGS slab. I just shot this with my iPhone, it's a bit dark because it's early in the morning here, but gives a good sense of the luster.

    image



    Here are some other top graded 1957-D BN's. The two coins on the right are both MS66BN's.
    It does give a good sense of the wide variation of colors you will see in PCGS BN color class coins.
    It's interesting that the reverse colors are very similar on all 3 coins.

    image
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    robecrobec Posts: 6,603 ✭✭✭✭✭
    Gorgeous Lincoln!!

    I'll be the coin just shimmers. Phil did an excellent job bring out color and luster, particularly on the obverse.
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    SwampboySwampboy Posts: 12,885 ✭✭✭✭✭
    Many Congrats!

    Sweet looking Lincoln.

    image
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    renomedphysrenomedphys Posts: 3,502 ✭✭✭✭✭
    Now THAT is a good looking coin!
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    ArizonaJackArizonaJack Posts: 4,029 ✭✭✭
    WOW !!! image
    " YOU SUCK " Awarded 5/18/08
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    LakesammmanLakesammman Posts: 17,292 ✭✭✭✭✭
    Nice colors on that one! Congrats. image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko.
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    MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    image
    Collector of Large Cents, US Type, and modern pocket change.
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    2ltdjorn2ltdjorn Posts: 2,329 ✭✭✭✭
    So what's the value of something like that?
    WTB... errors, New Orleans gold, and circulated 20th key date coins!
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    braddickbraddick Posts: 23,107 ✭✭✭✭✭


    << <i>Soon there will be a PCGS MS-68BN >>


    Unequivocally, never. The leap between 67 and 68 in copper is tremendous and Lincolns just about all have enough "chicken scratches" on the shoulder to prevent that from ever happening.
    the planets would have to aline as then you would need the most outstanding luster and on brown copper, luster is often, even if ever so slightly, muted, thus preventing the lofty grade of 68 BR. We haven't even gotten to strike.

    The two current MS67 BR's- as beautiful as they are- as stunning as they are!- would not come close to achieving the 68 BR grade (with PCGS).

    peacockcoins

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    WingedLiberty1957WingedLiberty1957 Posts: 2,961 ✭✭✭✭✭


    << <i>So what's the value of something like that? >>



    Coins like this are notoriously difficult to value.

    I would guess something like this might fire off on an open auction on ebay for perhaps somewhere around $600 ??

    But I could be way off with that estimate.

    Perhaps it would fire off for more (maybe much more?) if two people feel in love with it and got into a bidding war.
    And perhaps less if there was only one person bidding that really wanted it.

    The "guide book value" is MUCH less.

    The value of this coin would be almost entirely based on color and eye appeal and would trade at many multiples of the guide book prices.

    (I have no interest in selling it by the way!)



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    braddickbraddick Posts: 23,107 ✭✭✭✭✭
    Easily 5K.

    peacockcoins

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    WingedLiberty1957WingedLiberty1957 Posts: 2,961 ✭✭✭✭✭
    A friend of mine (who posts regularly on this board) gave me this great info on market prices of late 1950's colorful MS Lincolns:

    56 and 57 P&D Lincolns top out at about $400 in PCGS MS66 RB or BN for examples where the big color is on the obverse or on both sides.
    It's 1/3 that for reverse toned coins because there are plenty of obverse examples.
    I've paid as little as $30 as much as $350 for some monster examples in the MS66RB and BN grade.

    The PCGS MS67RB's go for $400-$800 ish, depending on the look.
    However there are fewer than 70 known MS67RB's, so you rarely see those for sale.

    (My addendum is there aren't enough PCGS MS67BN's (only 2 known) to really come up with a good estimate of market value for those --
    However if the MS67's got a similar treatment as the MS66's where there was no price difference between the RB and BN color class (even tho BN's are much rarer).
    A good starting point for the value of an MS67BN is somewhere between $400 and $800. Hence my $600 estimate.

    However all it takes is one person (like our friend above) to offer $5000 and the "market price" goes to $5000. At least for those few minutes!



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    CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭
    Gorgeous coin! Interesting that via crossover the color designation got downgraded and you lost the star,
    yet the value likely increased dramatically.
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    CoppercolorCoppercolor Posts: 1,475 ✭✭✭


    << <i>Based purely on statistics. You will probably see an MS68 RB first ...

    It took roughly 67 MS68 RD's to find 1 MS69 RD coin

    And we are up to 63 MS67 RB's ... so I would expect our first MS68 RB sometime in the next year or two.

    . >>



    +1 to that concept. I"ve been expecting a 68RB for some time now and thought it might come before the 67BN.

    Great coin Winged Liberty and congratulations!
    Coppercolor
    I'd like my copper well done please!
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    WingedLiberty1957WingedLiberty1957 Posts: 2,961 ✭✭✭✭✭


    << <i>

    << <i>
    Based purely on statistics. You will probably see an MS68 RB first ...
    It took roughly 67 MS68 RD's to find 1 MS69 RD coin
    And we are up to 63 MS67 RB's ... so I would expect our first MS68 RB sometime in the next year or two.
    - WingedLiberty1957
    >>



    +1 to that concept. I"ve been expecting a 68RB for some time now and thought it might come before the 67BN.
    Great coin Winged Liberty and congratulations!
    - Coppercolor

    >>




    I totally agree with you CopperColor.

    And isn't it interesting how it took roughly that same number of MS66BN's (around 70) to get graded before the first MS67BN was stumbled upon.

    Ahh the magic of statistics!
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    lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    wow
    marketing...nah
    worthy example and congrats
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


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    deviousdevious Posts: 1,690


    << <i>Soon there will be a PCGS MS-68BN >>



    imageimageimage
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    TwoSides2aCoinTwoSides2aCoin Posts: 43,837 ✭✭✭✭✭
    Great eye whoever picked that one. Nice score & impressive.
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    segojasegoja Posts: 6,112 ✭✭✭✭
    SWEET
    JMSCoins Website Link


    Ike Specialist

    Finest Toned Ike I've Ever Seen, been looking since 1986

    image
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    lusterloverlusterlover Posts: 1,256 ✭✭✭✭


    << <i>Gorgeous coin! Interesting that via crossover the color designation got downgraded and you lost the star,
    yet the value likely increased dramatically. >>



    +1 to that.



    << <i>So what's the value of something like that? >>



    With a top pop PCGS Lincoln, the sky's the limit. The price they put in the guide is a placeholder. Freshly made pop 1 coins have no sale or auction history. There's only one way to find out....


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    JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Great, great coin!

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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    7Jaguars7Jaguars Posts: 7,254 ✭✭✭✭✭
    Nice
    Fresh out of the oven.
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
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    WingedLiberty1957WingedLiberty1957 Posts: 2,961 ✭✭✭✭✭


    << <i> Nice Fresh out of the oven. -7Jaguars >>




    So 7Jaguars, Are you implying that I cooked this coin?


    ( By the way, I love it when people take the time to post a comment on a subject matter they know absolutely nothing about! )


    OK 7Jaguars, since you are so interested in the history and background of this coin ...


    This coin was originally owned by Collectors Universe Member djdilliodon a number of years ago .


    When I posted a photo of this coin in the NGC slab (on this board, last month), djdilliodon posted this comment ...

    "Boy I miss that coin . IMO I feel the 67 grade is well deserved and was one of the reasons I sent it in to NGC for grading. It's twin graded a 66 and while still nice, it wasn't as colorful. " -djdilliodon


    djdilliodon then consigned this coin to eBay seller GreatToning, where it sold to a dealer named CaptivatingCoins (Aaron Keena) in located in Oregon.

    I then bought this coin from CaptivatingCoins (many months later) in June 2011 and I have owned it since that time.

    So this coin has been in an NGC slab for a number of years. Also djdilliodon, the original owner of this coin and the person that originally had it slabbed by NGC, shared a photo with me that he took of the coin, just before he sent it into NGC and I can tell you the coin has not changed at all (the color has been and is completely stable).

    So next time you make a comment that a coin is "fresh out of the oven" ... please be ready to back it up with a tiny bit of knowledge (I would settle for a microscopic bit of knowledge).

    Below is a photo I took of this coin soon after buying it over a year ago ...

    image
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    7Jaguars7Jaguars Posts: 7,254 ✭✭✭✭✭
    Same - AT like a monster IMO.
    I'm not really interested in who did it or the history.
    Bakery's delight.

    Quite frankly this whole charade reminds me of the Emporer's New Clothes,
    a lame attempt at giving a weak provenance does little to support its validity.

    I think you would rather NOT compare credentials, by the way...
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
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    bestclser1bestclser1 Posts: 5,566 ✭✭✭
    Great looking coin,i am going to stop posting nice coins for a while because i really wont comment on a coin if i dont like it.This is cool!image
    Great coins are not cheap,and cheap coins are not great!
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    robecrobec Posts: 6,603 ✭✭✭✭✭


    << <i>Great looking coin,i am going to stop posting nice coins for a while because i really wont comment on a coin if i dont like it.This is cool!image >>


    Well said Lloyd.

    Too bad others feel they have to post negative thoughts on a positive thread.
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    djdilliodondjdilliodon Posts: 1,938 ✭✭

    @WingedLiberty1957 said:
    << Nice Fresh out of the oven. -7Jaguars >>

    So 7Jaguars, Are you implying that I cooked this coin?

    ( By the way, I love it when people take the time to post a comment on a subject matter they know absolutely nothing about! )

    OK 7Jaguars, since you are so interested in the history and background of this coin ...

    This coin was originally owned by Collectors Universe Member djdilliodon a number of years ago .

    When I posted a photo of this coin in the NGC slab (on this board, last month), djdilliodon posted this comment ...

    "Boy I miss that coin . IMO I feel the 67 grade is well deserved and was one of the reasons I sent it in to NGC for grading. It's twin graded a 66 and while still nice, it wasn't as colorful. " -djdilliodon

    djdilliodon then consigned this coin to eBay seller GreatToning, where it sold to a dealer named CaptivatingCoins (Aaron Keena) in located in Oregon.

    I then bought this coin from CaptivatingCoins (many months later) in June 2011 and I have owned it since that time.

    So this coin has been in an NGC slab for a number of years. Also djdilliodon, the original owner of this coin and the person that originally had it slabbed by NGC, shared a photo with me that he took of the coin, just before he sent it into NGC and I can tell you the coin has not changed at all (the color has been and is completely stable).

    So next time you make a comment that a coin is "fresh out of the oven" ... please be ready to back it up with a tiny bit of knowledge (I would settle for a microscopic bit of knowledge).

    Below is a photo I took of this coin soon after buying it over a year ago ...

    I know I’m extremely late to the party here and yes it’s kind of dumb of me to bump a thread this old but I’m doing it anyway 🤣. I personally purchased a group of mint sets that included that coin from a local dealer who had them sitting in the back of their shop collecting dust cause no one local was interested in them. From the moment I saw the sets, I took my money out, paid for them, and went home to look them over better. There were many incredible coins in that group, all naturally toned in their original holders. That Lincoln along with a few of the Franklin halves from those sets are coins I knew I should have never let go!! Finding something like those in the wild today are slim to none imo.

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    labloverlablover Posts: 3,601 ✭✭✭✭✭

    That, is one heck of a coin!!!!

    "If there are no dogs in Heaven, then when I die I want to go where they went." Will Rogers
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    braddickbraddick Posts: 23,107 ✭✭✭✭✭

    Damn, I sure was opinionated back in the day.
    (Glad to see after eleven years I am still correct: no MS68BR Lincolns exist...)

    peacockcoins

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    wondercoinwondercoin Posts: 16,686 ✭✭✭✭✭

    Glad to see after eleven years I am still correct: no MS68BR Lincolns exist...)

    I just told Lauren… time to make some more history and upgrade that 56-D 67BN (from 12 years ago first time through) to 68BN! 😂

    Wondercoin

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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    djdilliodondjdilliodon Posts: 1,938 ✭✭

    @wondercoin said:
    Glad to see after eleven years I am still correct: no MS68BR Lincolns exist...)

    I just told Lauren… time to make some more history and upgrade that 56-D 67BN (from 12 years ago first time through) to 68BN! 😂

    Wondercoin

    If any coin was gonna make it, it will be that one!

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