1950(s) Lincoln Cent MS68RED POP 1/0 (SCANS)

wondercoin · May 29, 2002 11:54AM

Hi everyone. I have the only 1950(s) Lincoln Cent ever grading MS68RED by either PCGS or NGC. This coin is the 1950(s) NGC-MS68RD and I believe NGC has been so strict on post-WW2 wheat cents that only this 1950(s) and a lone 1954(s) cent are the only (2) Lincolns NGC has ever graded MS68RD from the 1944-1958 era (last time I checked- please let me know if I am wrong here). Talk about tight, tough grading by NGC!!

The coin is very well struck, with great luster and appeal. Nicer than any of the 1950(s) PCGS-MS67RD coins I have ever seen as I recall and, of course, there is no PCGS-MS68RD to even compare it to.

Anyone interested, please PM me.

Wondercoin

Tonelover · May 29, 2002 1:41PM

Too embarrassed to put NGC in the title are you? Don't take it the wrong way, just poking some fun!

wondercoin · May 29, 2002 2:24PM

Jon: No embarrassment at all. I just wanted anyone interested in the coin to actually read what I had to say. I had several inquiries about the coin the moment I posted the offering (they probably didn't even bother to "click in" to read my offering, but the moment they discovered the coin was actually NGC slabbed they lost all interest. A few had no interest in even hearing a price for the coin, which is actually around 1/3 of what the PCGS counterpart would sell for. No one even bothered to ask me if the coin failed to cross or how many times it failed to cross or anything about the coin. OK, I did post the coin on the PCGS board, but, it is clear that many collectors here strongly support the NGC product.

I said the coin was nicer than any other 50(s) I had ever seen in a PCGS holder. Jon, you tell me why I can not sell this great coin for 1/3 of what the PCGS coin would sell for? Once the NGC Registry gets "off the ground" in a big way, it is very likely a coin like this pop 1/0 will be in huge demand. Wondercoin.

kieferscoins · May 30, 2002 3:22AM

Wait for the registry to get off the ground and sell it for a huge profit.

Cameron Kiefer

windycitytrio · May 30, 2002 4:15AM

Wondercoin,
Sell it on ebay with a 1 cent reserve...you can find out the true value real easy...but than you would no longer own the coin

. OK, I will make it easy on you --- I will buy it for $100 plus a happy meal

. Seriously, good luck. I currently own 3 coins with none better but they are not POP one like yours

. Mine have POP's of 6 to 18 with none better...not bad but not as good as yours.

braddick · May 30, 2002 4:45AM

Sounds like a tremendous coin Mitch! These super RED Lincolns in high grade are beautiful coins. (Maybe we can work out a trade if it's still available?)

wondercoin · May 30, 2002 5:39AM

Pat: I am waiting to hear back from a couple folks on the coin and I just may post it to ebay. But, if you have anything in mind, just PM me in the meantime.

The funny thing about this coin is it is likely the nicest 1950(s) Lincoln cent ever graded by either service, but since PCGS has never graded an MS68RD coin, PM after PM suggests that I price it as a "nice MS67RD PCGS coin". I paid a large amount of money for this coin (having no connection to a PCGS-MS67RD price) and as another thread mentioned, I can wait for the NGC registry to "take off", at which point this may become a significant Lincoln in the MS wheat series.

I was just informed that the only other MS68RD Lincoln ever graded by NGC between 1944-1958 was a 1945 Lincoln, not a 1954(s) Lincoln as I mentioned in the opening post.

Wondercoin.

braddick · May 30, 2002 6:03AM

Possibly I could see it- if it's still available- on Thursday.

In the meantime, asking solely to educate myself- what will it take for the NGC Registry to take off? I know it hasn't been around for too long and they have more sets to build, but in the meantime- why are there so many Sets that have been available on the NGC Registry but are not being utilized? Some Registeries have no entrances at all. I'm just curious.

keithdagen · May 30, 2002 6:16AM

Pat,

Personally, I don't think that NGC has done the marketing that PCGS has done. PCGS has been marketing their Registry heavily since early 2001, while I believe that the only place I had heard about NGC was their website and these boards.

Spooly · May 30, 2002 6:43AM

NGC is not going to market the program until after the Sets are complete. PCGS has empty sets too.... but that because of stupidity not marketing.

wondercoin · May 30, 2002 6:53AM

And, thank you to the first forum member who actually just PM'ed me and asked me about the description of the coin and the price, rather than simply saying (essentially) that "when it gets in a PCGS holder, I'll pay you a kings ransom".

Wondercoin.

P.S. Just for the fun of it, can I email the scans of this coin to another board member to post on this thread?

wondercoin · May 30, 2002 7:14AM

Thanks Keith for helping out. I'll shoot you over the scans in a bit.

Wondercoin

keithdagen · May 30, 2002 7:20AM

Do I get a discount if I decide to purchase?

Bear · May 30, 2002 7:27AM

Insteads of a discount Keith, maybe Mitch will put his genuine thumb print on the coin, it should double the value.

andy007 · May 30, 2002 8:16AM

how about posting the scan for everyone to see Keith once you receive it?

wondercoin · May 30, 2002 8:34AM

Andy: I ran the scans today of the coin for the entire board to enjoy. I sent them over to Keith a short while ago. I know he will get to it soon.

We all know copper scans rarely do coins justice, which is why I simply offer the coin with a no questions asked 100% return policy.

Wondercoin.

andy007 · May 30, 2002 8:38AM

Thanks Mitch. Your definitely right about scanning copper coins, it's quite a job to just get close to the actual appearance. Sounds like an awesome Lincoln.

keithdagen · May 30, 2002 8:45AM

Attached and linked obverse and reverse.

tradedollarnut · May 30, 2002 8:45AM

Nah - if it was a nice coin it'd be in a PCGS holder.

keithdagen · May 30, 2002 8:51AM

Saying that Trade Dollar of yours isn't nice?

braddick · May 30, 2002 9:01AM

Not to be antagonistic, but I'm looking at only one set Registered of Barber dimes and one set Registered for Mercury dimes on the NGC site.. Even the quarters have mostly just two sets listed and that includes the Modern Washington clads.
Generally, the sets not listed with PCGS are mostly exotic coinage like proof gold and the such. That's all I meant.

On topic: Is the 1950-S as mellow as the scan appears? It's an attractive coin, but I'm curious about the color and the luster.

Spooly · May 30, 2002 9:07AM

Keith, I just went through your photo album. You might want to delete the porno pics before you link it to the PCGS site!

wondercoin · May 30, 2002 9:27AM

Pat: The coin is somewhat mellowed, but 1950(s) Lincolns do come that way. 1950(s) Lincolns do not look like 1958(d) Lincolns - it's as simple as that. I probably graded around 1/4 or so of the PCGS-MS67RD coins out there and they were basically "mellowed" original roll coins (anyone out there buy one from me that can comment on that?) like this look. Many mellowed Lincolns in 67RD (fom 1948-1956 especially) come from govt. mint sets, but, of course, that is not possible with a 1950(s) Lincoln.

Notice the strong "O" in ONE on the reverse. Some PCGS-MS67RD coins show weakness on that focal area and that is one key part of the coin that can easily downgrade a coin to PCGS-MS66RD in many cases. The coin is very clean as you can see. Any weakness on the reverse scan is more due to the scan than the coin.

Hope this helps. Wondercoin.

keithdagen · May 30, 2002 9:29AM

Spooly,

That pic is there for a reason. A couple of guys complained that they couldn't read the ad and were interested in seeing it bigger so they could laugh harder. I blew it up for them, but it was larger than PCGS's attachment limit.

wondercoin · May 30, 2002 9:33AM

Keith: Thanks for posting the scans.

Wondercoin.

braddick · May 30, 2002 9:44AM

Interestingly, this is the way I prefer these earlier Lincolns. I like that mellow yellow gold/red look. I can't see a mark anywhere and the strike is strong.
(Fingers crossed this coin is still "on the market" by Thursday!)

Spooly · May 30, 2002 9:47AM

braddick · May 30, 2002 9:54AM

Shhhhhh. . ...... (Spooly is NOT bringing attention to that auction.... Spooly is not bringing attention to that auction....)

lazeroo · May 30, 2002 11:24AM

i'm hoping the reverse is just a bad scan.

I mean who would want this coin in there set of the finest know if it had weak wheat stalks.

and i'm sure it isn't cheap.

KAJ1 · May 30, 2002 2:29PM

Are those 2 carbon spots on the reverse?
One on the E , one on the right wheat stalk.
The wheat stalks do look weak.(scan ? )
If those are carbon spots, should a ms68 have them.
I would think not. Could be the scan. ( I hope )
Obverse looks good !
Kevin

wondercoin · May 30, 2002 3:16PM

The neat thing is that for the entire date run of 1944-1958 (of course there are plenty of steel cents in MS68 graded by both NGC and PCGS), NGC has only graded -2- Lincolns MS68RD and PCGS has graded -1- Lincoln MS68RD. Three MS68RD coins between the (2) services combined and this is one of the three coins.

I personally find it surprising that a couple (not all, but a couple) of the "top" Lincoln collectors in the country would not even want to see this coin because of the holder it is in. I have one of the strongest MS PCGS Wash silver quarter collections in the country but you can take it to the bank that if someone had an NGC quarter I needed and would improve the piece in my set, I would be all over the coin. After all, I am buying coins, not holders. This NGC 1950(s) Lincoln is nicer than any PCGS-MS67RD I have seen and is likely the finest in world ever slabbed to date. IMHO, the new proud owner of this coin will have the finest slabbed 1950(s) Lincoln money can buy. Those who rejected this coin due to the holder (and never even asked to see the coin in person), really missed the boat I'm afraid

Wondercoin.

Bear · May 31, 2002 2:06AM

Mitch - Instead of just dealing in spectacular coins, if you were to branch out into breakfast pastry, I could really use a MS-70 prune danish. Bear

braddick · May 31, 2002 2:30AM

Mitch- quit "talking up" this Lincoln! It'll be off the market by Thrusday and I'll never get a chance to strike up a deal with you for it!
(And imagine this: If I DO end up with this coin it won't even end up in a Registry some where. . . or, is that not allowed?!)

lazeroo · May 31, 2002 3:26AM

this coin is easily a 6 point coin in the NGC registry.

take my word for it, it will end up on the ngc site.

braddick · May 31, 2002 3:37AM

NOT if I own it. I've closed out all my NGC Registeries and don't plan on reopening one just to "feature" this coin.

keithdagen · May 31, 2002 4:04AM

Would be a fun test to see how high this single coin ranks in a Lincoln Wheat set.

pontiacinf · May 31, 2002 10:00AM

why do i feel the need for a pair of boots....

pontiacinf · May 31, 2002 10:03AM

and i feel i missed something, but lately it seems like pat and mitch are brothers....

am I wrong?....brothers in law?...

wondercoin · May 31, 2002 10:25AM

Bill: Considering I was high buyer for Pat's Kennedy set & Type set earlier this month, maybe, just maybe, he feels like giving me some of my money back!! At least I would hope so

Wondercoin

pontiacinf · May 31, 2002 10:27AM

ok Pat....get dat wallet out

braddick · May 31, 2002 10:41AM

Bill- It's a kind of exchange for some Modern "common clad Kennedies" for a Classic Superb GEM Wheatback. I would think you would approve.
At least I sure hope so (fingers crossed).

pontiacinf · May 31, 2002 8:51PM

I do, just feeling very mischivious this weekend

now that I tested Cobbs shoes Im going for a nap
before I morph into him

supercoin · June 2, 2002 4:39AM

How about instead of a 70% discount from a PCGS MS68 price, I'll give you a 30% premium over the PCGS MS67 price.

Obviously it's not a PCGS MS68, as a savvy dealer you wouldn't be leaving an immediate 3X profit on the table. And, for better or worse, PCGS is the standard by which expensive high-grade common-date Lincolns are judged. Unless there's a recently published "Definitive Grading Guide for High Mint-State Lincolns" that I don't know about.

So, if it's not in a PCGS MS68 holder, it isn't a 68. According to the market.

The grading game cuts both ways -- on one hand, "exhorbitant" prices can be realized by coins that get in a magic holder. On the other hand, you can't use that "exhorbitant" price as a justification for a just-missed coin, instead its price will fall closer to the lower grade.

braddick · June 2, 2002 5:37AM

Tad- You said it so much better than I did earlier in the week. What took me a dozen posts to a couple of Threads to spell out you simply write in one or two small pharagraphs. You hit that "PCGS" MS67 ("NGC" MS68) Nail on the head.

wondercoin · June 2, 2002 6:16AM

Tad: Your theory has some merit (although the pricing NGC grade higher classic coins at PCGS one grade lower prices is foolish) unless the coin isn't crossing for reasons other than quality-right? You can ask TDN about that one. And, besides, when THERE NEVER HAS BEEN A 50(s) LINCOLN EVER GRADING MS68RD BY PCGS, MAKING THIS COIN STILL THE VERY FINEST IN THE SLABBED LINCOLN CENT WORLD TO DATE, YOU CAN THROW YOUR "30% PREMIUM IDEA OUT THE WINDOW. In fact, it is a foolish notion even if there was a PCGS coin in the world, imho.

I conceed the market is not developed yet for me to price this NGC coin at "PCGS money", which is why it is being priced around 1/3 "PCGS money". That is my price (made it up myself) - there is no saying the buyer might not decide to price it later at full PCGS money or 1/5 of PCGS money, or MS67RD money or 2x PCGS-MS68RD money. Makes no difference to me. I don't collect Lincolns.

Wondercoin.

supercoin · June 2, 2002 6:32AM

Well, to be argumentative (and of course this does not apply only to your coin)...

Why is a 30% premium for the finest example over the almost as nice second-finest example a foolish idea??

Perhaps what's actually foolish is the 2000% premium for a 68 over a 67... when (even assuming perfectly consistent grading) the difference is an aribitrary dividing line between two virtually indistinguishable 67/68 borderline coins.

wondercoin · June 2, 2002 6:35AM

Tad: I started a new thread on the subject. Let's see what other collectors feel about this

Wondercoin.

1950(s) Lincoln Cent MS68RED POP 1/0 (SCANS)

Comments