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$ 500,000 for a 1914 D Lincoln Cent ?

STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
in U.S. Coin Forum

Yup ......A totally unscrupulous $cumbag has offered a 1914D Lincoln Cent PCGS ms 66 red to a rich A$$hole

Am I too moralistic ?

Stewart Blay

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    savoyspecialsavoyspecial Posts: 7,374 ✭✭✭✭
    which one are you in this story?

    www.brunkauctions.com

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    LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭


    << <i>which one are you in this story? >>


    that is what i am trying to figure out
    .

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

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    braddickbraddick Posts: 25,193 ✭✭✭✭✭


    << <i>which one are you in this story? >>



    Are you asking if the OP is the totally unscrupulous Scumbag or the rich asshole?

    I'd be surprised if you received an answer.
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    Type2Type2 Posts: 13,985 ✭✭✭✭✭
    All i can say is i wish i had that coin to sell to him.image


    Hoard the keys.
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    BillJonesBillJones Posts: 35,964 ✭✭✭✭✭
    I can think of lot of other coins I'd prefer to a 1914-D Lincoln in MS-66 Red. Let them buy it. The coin would only elicit a "That's nice," comment from me.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    RYKRYK Posts: 35,801 ✭✭✭✭✭
    I am mostly amused that someone would even consider buying or selling a Lincoln penny for $500,000.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    MrEurekaMrEureka Posts: 24,789 ✭✭✭✭✭
    STEWART - How much do you want for yours?
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.
    Visit the Society of US Pattern Collectors at USPatterns.com.
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    IrishMikeyIrishMikey Posts: 1,561 ✭✭✭


    << <i>which one are you in this story? >>


    image
  • UnknownUnknown
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    mingotmingot Posts: 1,807 ✭✭✭
    I don't understand this thread.
    Sell me a coin or three!
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    ambro51ambro51 Posts: 14,479 ✭✭✭✭✭


    << <i>I don't understand this thread. >>

    . Something about Donald Trump buying a milky way candy bar for $17
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    stealerstealer Posts: 4,039 ✭✭✭✭


    << <i>which one are you in this story? >>


    image

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    RickMilauskasRickMilauskas Posts: 1,985 ✭✭✭
    Stewart...just look the other way.

    People will do what people will do.
    We don't have to agree with it but why lose sleep over it. Collecting
    should be fun and what you make of it...not others. JMHO
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    morgansforevermorgansforever Posts: 8,513 ✭✭✭✭✭
    Numismedia list a 14D in 66 RD @ $40.9k. Why would someone pay 12x + more?
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
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    TahoeDaleTahoeDale Posts: 1,785 ✭✭✭
    Stew's op has brought me back.

    Again, an owner of a rare, in high demand coin, in a series collected by thousands, has put out
    a price that someone might think is unscrupulous. I think it is only a wet dream.

    This happened last year for the pop 2 1885 MS 67 Lib nickel, perhaps the better of the 2.
    It sold in 2006 for 75K, then resold for @ 90,000, and last for 170,000.

    What is the last sale price of the 14-D in 66 red? If it were offered for 250,000, would that be "too much"?

    How long ago did the 1919-D walker in 65 become a 100,000 price coin? Today it's 200,000, or more.

    9 of the 1909 svdb lincolns in 67 can bring 100,000 today. and more.

    The price of tea is going up. And the value of the dollar is....
    TahoeDale
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    RampageRampage Posts: 9,694 ✭✭✭✭✭
    So far, I have yet to learn what the point of this post is. Are you saying 500K is too much? Too little? Maybe you have some blog you update regularly, but for those of us out of the loop or "do not follow" you, how about being a bit more specific what the problem is.
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    Wolf359Wolf359 Posts: 7,666 ✭✭✭
    Tell him to get it in a 67 holder first. Too expensive for 66, pass.
    Multi-channel listings of coins and inventory management

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    phnataccphnatacc Posts: 367 ✭✭
    Even though the original post makes -0- sense... morals don't enter into at all.

    If the owner initiated contact with someone he knew wanted one. Clearly he was just rubbing the coin in the guys face.

    If the guy looking for the coin initiated contact with the seller. Clearly the buyer isn't interested in selling.

    Either way, morals play no role whatsoever.

    Edit: typo.
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    lkeigwinlkeigwin Posts: 16,895 ✭✭✭✭✭


    << <i>Numismedia list a 14D in 66 RD @ $40.9k. Why would someone pay 12x + more? >>

    Numismedia is more accurate for NGC-graded copper. Less so for PCGS, and they list a price of $125,000. Still, a 4x mark-up is pretty significant.

    Seller is dreaming. Or else he's asking that price just to irritate.
    Lance.
    Coin Photography Services / Everyman Registry set / BHNC #213
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    Type2Type2 Posts: 13,985 ✭✭✭✭✭
    image


    Hoard the keys.
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    morgansforevermorgansforever Posts: 8,513 ✭✭✭✭✭
    <<Numismedia is more accurate for NGC-graded copper. Less so for PCGS, and they list a price of $125,000. Still, a 4x mark-up is pretty significant.>>

    Gotcha, thanks Lance.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
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    1Mike11Mike1 Posts: 4,445 ✭✭✭✭✭


    << <i>Yup ......A totally unscrupulous $cumbag has offered a 1914D Lincoln Cent PCGS ms 66 red to a rich A$$hole

    Am I too moralistic ?

    Stewart Blay >>


    If you mean an unscrupulous dealer tried to get an unkowing rich person to pay half a million dollars for this coin then I would say yes the dealer is unscrupulous but I also think the rich person needs to educate themselves on purchasing coins at this level. it is terrible to see people get taken advantage of but as I tell my wife, "you can't save them all."
    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
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    PerryHallPerryHall Posts: 47,787 ✭✭✭✭✭


    << <i>Yup ......A totally unscrupulous $cumbag has offered a 1914D Lincoln Cent PCGS ms 66 red to a rich A$$hole

    Am I too moralistic ?

    Stewart Blay >>



    Sounds like you wanted to buy this coin and someone else with more money than you will be getting this coin because he is willing to pay more money than you. There is nothing immoral with someone selling a coin for as much as he can get for it.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    dollarsandcentsdollarsandcents Posts: 486 ✭


    << <i>Am I too moralistic ?
    Stewart Blay >>



    Moralistic, if that's even a real word, is not what you are. No, you're something else.
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    PCcoinsPCcoins Posts: 3,354 ✭✭✭
    Stewart, If you're not 1st you're last! A wise man once told me that. image
    "It is what it is."
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    WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    It's a word.
    Good for you.
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    braddickbraddick Posts: 25,193 ✭✭✭✭✭
    Bird is a word too.

    Just say'in.
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    tradedollarnuttradedollarnut Posts: 20,788 ✭✭✭✭✭
    There is nothing immoral with someone selling a coin for as much as he can get for it.

    I disagree. I think it ethical for a dealer to get as much money as possible *if* he is willing to make a market in the coin at that level [ie: sell for $500k, buy for $400k+] but if he isn't then it's just taking a shot and it's unethical and immoral.

    I see nothing wrong, however, with the flip side where a coin is in your collection and someone asks what it would take to make you part with it. No need to be willing to make a market in that instance.
    Early Dollar Set
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    mingotmingot Posts: 1,807 ✭✭✭


    << <i> There is nothing immoral with someone selling a coin for as much as he can get for it.

    I disagree. I think it ethical for a dealer to get as much money as possible *if* he is willing to make a market in the coin at that level [ie: sell for $500k, buy for $400k+] but if he isn't then it's just taking a shot and it's unethical and immoral.

    I see nothing wrong, however, with the flip side where a coin is in your collection and someone asks what it would take to make you part with it. No need to be willing to make a market in that instance. >>



    How about this scenario -- Lets say that I (don't collect Lincolns, there is nothing special about the coin to me) made this coin. I don't want to make a market for it and I really have no sentimental attachment. Would I be out of line to try to sell it for mega bucks to a registry collector for stupid money?

    Sell me a coin or three!
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    STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    I guess the Set Registry and PCGS is to blame for people paying what seems to most coin collectors as an obscene amount of money. Or is the highest graded 1914 D worth $ 500,000 ?

    What do you guys think about a 1909 S VDB in ms 67 red for $ 250,000 ?

    TradeDollarNut - how did you feel when an $cum bag took a shot at you with a Trade Dollar for an obscene amount of money?

    Coin collecting should be FUN . I guess robbing people without a gun could also be FUN.

    Stewart
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    ambro51ambro51 Posts: 14,479 ✭✭✭✭✭
    Tough to pass judgement on that 14D without a vivid picture screaming with cartwheel luster, pin sharp strike and the RIGHT color red. I'm thinking there is solid thought this would upgrade. The 14D is genuinely rare while the SVDB is "created". But..... A half mil for a penny IS just morally wrong. That there ARE people willing to lay out what amounts to a lifetime of paychecks for the average guy is unsettling. It IS pushing the logic of numismatics off a cliff. But Hey you only live once.
  • UnknownUnknown
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    LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭


    << <i>blame for people paying >>


    people are to blame for people. the beauty is in the simplicity.
    .

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

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    mkman123mkman123 Posts: 6,849 ✭✭✭✭
    a coin is only worth what someone is willing to pay. I wouldn't pay 5 million for a 1913 nickel but others would.

    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
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    mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭✭


    << <i>I guess the Set Registry and PCGS is to blame for people paying what seems to most coin collectors as an obscene amount of money. >>

    I wouldn't be surprised if registry collectors pay more for coins than they would have otherwise. Their choice, I guess.

    << <i>Or is the highest graded 1914 D worth $ 500,000 ? >>

    If somebody pays that, then yes- by definition it's worth that to the buyer.

    << <i>What do you guys think about a 1909 S VDB in ms 67 red for $ 250,000 ? >>

    More than I'd pay, but I'd suppose there might be some people who would pay it.

    << <i>Coin collecting should be FUN . >>

    Sounds like a good idea to me. I'm having fun- are you?

    << <i>I guess robbing people without a gun could also be FUN. >>

    If people are voluntarily buying coins, how are they being robbed?
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    ambro51ambro51 Posts: 14,479 ✭✭✭✭✭
    I wouldnt pay $100 for an African Elephant but I'm sure a Zoo would pay a whole lot more. image
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    RYKRYK Posts: 35,801 ✭✭✭✭✭
    Coin collecting should be FUN . I guess robbing people without a gun could also be FUN.

    Coin collecting is indeed fun. The scenario that you describe is peripherally related to coin collecting but far afield of the coin collecting experience for the vast majority of collectors. It sounds more like a pi$$ing contest.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭✭


    << <i>Coin collecting is indeed fun. The scenario that you describe is peripherally related to coin collecting but far afield of the coin collecting experience for the vast majority of collectors. It sounds more like a pi$$ing contest. >>

    I bet I can guess who's losing. image
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭


    << <i>I guess the Set Registry and PCGS is to blame for people paying what seems to most coin collectors as an obscene amount of money. Or is the highest graded 1914 D worth $ 500,000 ?

    What do you guys think about a 1909 S VDB in ms 67 red for $ 250,000 ?

    TradeDollarNut - how did you feel when an $cum bag took a shot at you with a Trade Dollar for an obscene amount of money?

    Coin collecting should be FUN . I guess robbing people without a gun could also be FUN.

    Stewart >>

    What a riot! Coin collecting is fun, at least for me. Why is coin collecting not fun for you? Is it because it's not fun when somebody is willing to pay more for a coin you want? That's not an issue with coin collecting, that's an issue with the individual.

    I will never have a complete set if Overtons ... I may get 445 of the 450, if I am very lucky. I wish I would be able to pick up the final five, but it's likely some Overton collector with a deeper pocket will always be there to outspend me. Good for them, bummer for me. No need to get my panties in a wad over it.
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    ManorcourtmanManorcourtman Posts: 8,481 ✭✭✭✭✭
    I'm not feelin a lot of pity or love in this threadimage
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    PerryHallPerryHall Posts: 47,787 ✭✭✭✭✭

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    earlyAurumearlyAurum Posts: 796 ✭✭✭✭✭
    Wow! Lots of animosity in this thread. Who cares if someone wishes to buy any item for what seems like a large amount of money. If the buyer is informed, this doesn't bother me one bit.
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    seanqseanq Posts: 8,836 ✭✭✭✭✭
    On the bright side, after the posts today, I doubt that rich a-hole will have to worry about being offered any more coins from that particular unscrupulous s-bag.


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
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    JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    Stewart's threads never lack cowbell.

    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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    braddickbraddick Posts: 25,193 ✭✭✭✭✭


    << <i>Stewart's threads never lack cowbell.

    MJ >>



    If not the bell, certainly something from the cow.
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    3keepSECRETif2rDEAD3keepSECRETif2rDEAD Posts: 4,285 ✭✭✭✭✭
    ... I drank too much
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    CatbertCatbert Posts: 8,260 ✭✭✭✭✭
    Obsessions can be dangerous to one's health.

    Stewart - I'd say it's time to sell. The market and your sanity are calling you out......
    Seated Half Society member #38

    "She comes out of the sun in a silk dress,
    running like a water color in the rain...."
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    CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,689 ✭✭✭✭
    Whatever any unnamed buyer and seller agree to (assuming neither was under duress) is fine with me.
    John Agre

    Coin Rarities Online
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    SportsModeratorSportsModerator Posts: 1,624 mod
    Horse.....Dead......Beaten

    Bottom line, this has run its course so let's move on.

    Forum AdministratorPSA & PSA/DNA ForumModerator@collectors.com | p 800.325.1121 | PSAcard.com

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