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$ 6,500 for a PCGS 1947 Lincoln Cent in Ms 67 red OGH

I was the under bidder for a PCGS 1947 Lincoln Cent graded Ms 67 red OGH CAC last night on Great Collections
The price guide for a 1947 Ms 67 + is only $3,500
There is a 1947 Ms 67 red coin in the upcoming Stacks auction bid under $ 100

What a difference for the same date, same grade and same grading service

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Comments

  • oih82w8oih82w8 Posts: 11,869 ✭✭✭✭✭

    Depends on what the coins look like...do you have some images to compare?

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

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  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    WOW....I have a roll of 47-P's (my birth year) wonder how many of those are in there?? :)B)

  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    Best looking 1947 Cent I have seen

  • KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭


  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    I don't see any marks....what keeps this from a 68 or higher???

  • stevekstevek Posts: 27,582 ✭✭✭✭✭

    What a beauty!

  • WalkerfanWalkerfan Posts: 8,897 ✭✭✭✭✭

    Gorgeous but EXPENSIVE...

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set (1916-1947)

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    @BAJJERFAN said:

    @DIMEMAN said:
    I don't see any marks....what keeps this from a 68 or higher???

    It didn't get a gold bean so I'd leave well enough alone if twas me.

    Possibly the two small spots limited the grade?

    I would leave it alone also. I was just wondering.

  • ianrussellianrussell Posts: 2,450 ✭✭✭✭✭

    Superb coin. Thanks for bidding Stewart.

    • Ian
    Ian Russell
    Owner/Founder GreatCollections
    GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭

    The line is blurred, between hard-earned and stupid money.

  • lkeigwinlkeigwin Posts: 16,885 ✭✭✭✭✭

    I don't think it has a shot at 68, though I could see 67+. Hits and spots on the reverse. What's that on Lincoln's forehead? Damage or a planchet flaw?
    Lance.


  • mannie graymannie gray Posts: 7,259 ✭✭✭✭✭

    @TwoSides2aCoin said:
    The line is blurred, between hard-earned and stupid money.

    I think it's great when Lincoln Cents get some respect.
    (I may be biased as 50% of my sales are in Lincolns.......)
    :):)

  • ashelandasheland Posts: 22,612 ✭✭✭✭✭

    Beautiful indeed and certainly stable in that holder. Great example!

  • stevekstevek Posts: 27,582 ✭✭✭✭✭

    I would agree, it's a beauty because of the original mint luster, but i don't see a 68 there.

  • bolivarshagnastybolivarshagnasty Posts: 7,348 ✭✭✭✭✭

    @DIMEMAN said:
    I don't see any marks....what keeps this from a 68 or higher???

    Multiple marks on C E N T are going to max out this coin at 67. I think someone(s) got a little overzealous over the green bean and OGH.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭

    @mannie gray said:

    @TwoSides2aCoin said:
    The line is blurred, between hard-earned and stupid money.

    I think it's great when Lincoln Cents get some respect.
    (I may be biased as 50% of my sales are in Lincolns.......)
    :):)

    I like Lincoln Cents. I'm not knocking it. I'm focusing on it.

  • VanHalenVanHalen Posts: 3,789 ✭✭✭✭✭

    @bolivarshagnasty said:

    @DIMEMAN said:
    I don't see any marks....what keeps this from a 68 or higher???

    Multiple marks on C E N T are going to max out this coin at 67. I think someone(s) got a little overzealous over the green bean and OGH.

    Maxed out at 67 for 2018 perhaps.......

  • bolivarshagnastybolivarshagnasty Posts: 7,348 ✭✭✭✭✭

    @VanHalen said:

    @bolivarshagnasty said:

    @DIMEMAN said:
    I don't see any marks....what keeps this from a 68 or higher???

    Multiple marks on C E N T are going to max out this coin at 67. I think someone(s) got a little overzealous over the green bean and OGH.

    Maxed out at 67 for 2018 perhaps.......

    Agreed. If and when it upgrades, we'll all have to resubmit ours to maintain the value of our own.

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    After seeing the bigger pics that were added I can see 67 as a max grade now.

  • mannie graymannie gray Posts: 7,259 ✭✭✭✭✭

    @TwoSides2aCoin said:

    @mannie gray said:

    @TwoSides2aCoin said:
    The line is blurred, between hard-earned and stupid money.

    I think it's great when Lincoln Cents get some respect.
    (I may be biased as 50% of my sales are in Lincolns.......)
    :):)


    I like Lincoln Cents. I'm not knocking it. I'm focusing on it.

    OK....I may have been a bit defensive and took your post the wrong way.

  • oih82w8oih82w8 Posts: 11,869 ✭✭✭✭✭

    That's a mighty fine looking cent!

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug...
  • specialistspecialist Posts: 956 ✭✭✭✭✭

    sounds like someone is a has been...... :o and someone was doing coke or something really good!

  • DMWJRDMWJR Posts: 5,974 ✭✭✭✭✭
    edited March 19, 2018 2:34PM

    Very nice color, but too many hits. Although the way they have been letting grades fly in the middle dates, it wouldn't surprise me to see it upgrade to at least a plus. It is better than the two 67+'s on Coinfacts.

    Doug
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @DIMEMAN said:
    I don't see any marks....what keeps this from a 68 or higher???

    @DMWJR and I know. I've written my opinion on paper but why don't you blow up the obverse and reverse and tell us what you see before I post..

  • DMWJRDMWJR Posts: 5,974 ✭✭✭✭✭

    I understand what Stewart is saying. Try finding a nicer one - good luck, but technically there are three spots on the obverse, something on the forehead, one spot right by the 9, rough shoulder from incomplete strike (although C on reverse is strong), hits on the reverse - nearly every letter, with a few other spots including a cluster in the very center of the reverse.

    But -- try to find a better one. If you do, Stewart might pay you $10,000 for it. :wink:

    Doug
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @DMWJR said:
    I understand what Stewart is saying. Try finding a nicer one - good luck, but technically there are three spots on the obverse, something on the forehead, one spot right by the 9, rough shoulder from incomplete strike (although C on reverse is strong), hits on the reverse - nearly every letter, with a few other spots including a cluster in the very center of the reverse.

    But -- try to find a better one. If you do, Stewart might pay you $10,000 for it. :wink:

    Dimeman thanks you for your help. :(

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    3.5 times more than full retail, and much more than that compared to some auctions. Nice for the seller. Not so much for the buyer.

    .
    .
    .

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    @Insider2 said:

    @DMWJR said:
    I understand what Stewart is saying. Try finding a nicer one - good luck, but technically there are three spots on the obverse, something on the forehead, one spot right by the 9, rough shoulder from incomplete strike (although C on reverse is strong), hits on the reverse - nearly every letter, with a few other spots including a cluster in the very center of the reverse.

    But -- try to find a better one. If you do, Stewart might pay you $10,000 for it. :wink:

    Dimeman thanks you for your help. :(

    Once I saw the big blow up pics I could see all of the defect's mentioned here. Pics can tell all or nothing. ;)

  • VanHalenVanHalen Posts: 3,789 ✭✭✭✭✭

    @Wabbit2313 said:
    3.5 times more than full retail, and much more than that compared to some auctions. Nice for the seller. Not so much for the buyer.

    .
    .
    .

    But not close to the record for a 1947 MS67RD which is $9,200. stacksbowers 1947 1C PCGS MS67 RED

    Actually not even in the top 5 sales for a 67RD.

    This one is closing Thursday and is only at $65 right now.....auctions.stacksbowers.com/lots/view

  • AzurescensAzurescens Posts: 2,679 ✭✭✭✭✭

    @DIMEMAN said:
    WOW....I have a roll of 47-P's (my birth year) wonder how many of those are in there?? :)B)

    Whoa, I pegged you for MUCH younger.

  • BruceSBruceS Posts: 1,348 ✭✭✭✭✭

    Very clean cent, not worth 6K imo, but Congrats to the seller. (And GC.) At least at this point its pretty stable and its not going to turn in the holder, so if your looking for a 67 R and you have the scratch, go fort it.


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  • ElcontadorElcontador Posts: 7,412 ✭✭✭✭✭

    And there are already 25 of them in this grade. Someone thinks it will grade higher. What was the pop of this coin five years ago and what was its price? What will it be worth when this is a pop 50? Very attractive coin, but no thank you.

    "Vou invadir o Nordeste,
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  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @VanHalen said:

    But not close to the record for a 1947 MS67RD which is $9,200. stacksbowers 1947 1C PCGS MS67 RED

    Actually not even in the top 5 sales for a 67RD.

    This one is closing Thursday and is only at $65 right now.....auctions.stacksbowers.com/lots/view

    Where are these results from? It is cool!

  • SoCalBigMarkSoCalBigMark Posts: 2,786 ✭✭✭✭✭

    Stewart, did you see the coin in person?

  • VanHalenVanHalen Posts: 3,789 ✭✭✭✭✭

    @Wabbit2313 said:

    @VanHalen said:

    But not close to the record for a 1947 MS67RD which is $9,200. stacksbowers 1947 1C PCGS MS67 RED

    Actually not even in the top 5 sales for a 67RD.

    This one is closing Thursday and is only at $65 right now.....auctions.stacksbowers.com/lots/view

    Where are these results from? It is cool!

    All of this and more are at your fingertips on PCGS' own CoinFacts.

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    @Azurescens said:

    @DIMEMAN said:
    WOW....I have a roll of 47-P's (my birth year) wonder how many of those are in there?? :)B)

    Whoa, I pegged you for MUCH younger.

    Me TOO!! But it is what it is. :/

  • LakesammmanLakesammman Posts: 17,282 ✭✭✭✭✭

    I'm pretty sure SB enjoys the originality of the coin with great luster and isn't concerned about a few flaws on overly magnified images.

    Nice coin! :+1:

    "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.
  • DMWJRDMWJR Posts: 5,974 ✭✭✭✭✭

    Lakes, the coin is a beauty and my comments were micrograding - but aren't we micrograding when it comes to 67,67+,68 anyway? My issue is really the game PCGS is playing with gradeflation and values. SB is the master of buying the coin and not the holder and paying the right amount of money. 67's used to go for those big number a few years ago, but there were only 5-6, and no +'s. I'm actually glad to see more than one person saw the real value in this coin instead of just paying for the number on the plastic. It gives me hope :smile:

    Doug
  • KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭

    @Wabbit2313 said:

    @VanHalen said:

    But not close to the record for a 1947 MS67RD which is $9,200. stacksbowers 1947 1C PCGS MS67 RED

    Actually not even in the top 5 sales for a 67RD.

    This one is closing Thursday and is only at $65 right now.....auctions.stacksbowers.com/lots/view

    Where are these results from? It is cool!



  • abcde12345abcde12345 Posts: 3,404 ✭✭✭✭✭

    Other than a couple of black specks and some scrapes & marks on the shoulder and reverse it is perfect. Definitely worth the price and would be worth thousands more.

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    As 'lkeigwin' noted - far too many dings and scrapes for any "grade" over MS64. But, as for buyers, remember at old adage, "The bell curve rules."

  • KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭

    @abcde12345 said:
    Other than a couple of black specks and some scrapes & marks on the shoulder and reverse it is perfect. Definitely worth the price and would be worth thousands more.

    I wouldn't give $50 for it, but that's just me B)

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @VanHalen said:

    @Wabbit2313 said:

    @VanHalen said:

    But not close to the record for a 1947 MS67RD which is $9,200. stacksbowers 1947 1C PCGS MS67 RED

    Actually not even in the top 5 sales for a 67RD.

    This one is closing Thursday and is only at $65 right now.....auctions.stacksbowers.com/lots/view

    Where are these results from? It is cool!

    All of this and more are at your fingertips on PCGS' own CoinFacts.

    I don't see anything like your chart on that site?

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @DMWJR said:
    Lakes, the coin is a beauty and my comments were micrograding - but aren't we micrograding when it comes to 67,67+,68 anyway? My issue is really the game PCGS is playing with gradeflation and values. SB is the master of buying the coin and not the holder and paying the right amount of money. 67's used to go for those big number a few years ago, but there were only 5-6, and no +'s. I'm actually glad to see more than one person saw the real value in this coin instead of just paying for the number on the plastic. It gives me hope :smile:

    IMO, only most 69, and 70 coins can be called "micro grading." What do grade a coin if you need to look for the 4 miniscule marks on it that should be more obvious with a 4X hand lens and even then may go UNSEEN unless you tip and rotate the coin. If you are not nearsighted, you are out of luck grading a coin without any magnification. Is it "micro grading" to drop a coin to a '69 for a single hairline in the obverse field like this: l

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