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$ 35,000 for a 1935 Lincoln Cent

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

    @Insider2 said:
    @STEWARTBLAYNUMIS said: "...At least he still admits to decimal grading which went away when plus grading came into play."

    Please fill in some interesting grading history. Who was decimal grading? Internally at one of the TPG's? Thanks in advance. :)

  • ElcontadorElcontador Posts: 7,694 ✭✭✭✭✭
    edited May 18, 2018 6:05PM

    Expensive piece of plastic. Wonder how much it will be worth when the next one gets made. And believe me, another one will get made. Remember the story of the finest known full bell 53 S Franklin Half in MS 66?

    I don't know whether to be more entertained or disgusted by threads such as this one. It's not my money, so I don't care.

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • WalkerfanWalkerfan Posts: 9,753 ✭✭✭✭✭

    @lusterlover said:

    @Walkerfan said:

    @Ronyahski said:

    Amazed that it grades RD with all that toning. If it were graded 68+ RB, which it looks like it should have been, no way it goes for $35k.

    Surprised Blay didn't call it out as "chemically altered".

    I wondered that myself.... from a pure grading aspect, it is not truly 100% 'mint red'.

    Fwiw, I like it better the way it is with that beautiful red tone than if it were all mint state red and it would be worth more to me, personally, in it's current state.

    There seems to be a large following for toned and/or RB Lincolns and many of them have and will sell for more than their RD counterparts.

    I would certainly pay more for such coins, even if the price guides don't reflect it.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

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

  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    @STEWARTBLAYNUMIS said:
    The PCGS price guide says
    MS 67. $200 pop 552
    MS 67+ $550 pop 74
    MS 68 $ 5,250 Pop 10
    MS 68 + $ 12,500 pop 1

    So what does this mean to you ?

    You need to post RB prices as although pretty toned that's not a RD coin.

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    Insider2 - decimal grading was done by dealers from the 1990’s to determine chances for a grade when coins were sold raw. Even slab coins, before + grading were graded decimally.
    Toned coins are looked at more favorably by PCGS graders which is why this coin got the plus. It is still very red IMO and stunning.

  • WalkerfanWalkerfan Posts: 9,753 ✭✭✭✭✭

    @3keepSECRETif2rDEAD said:
    ...that means it’s time for boudin sausage, fried eggs and grits...then when you get hungry for lunch, hit Johnny’s on St. Louis street for the roast-beef po-boy...after a couple more hurricanes (1 hurricane = 1 hour), you go and dust yourself off like you just stole third-base at the Cafe Du Monde; with a table full of beignets of course...come sundown is when you get the real appetite in NOLA so you just crush it with a dozen oysters on the half-shell followed by some good dark gumbo & cornbread...sometimes you gotta leave your suitcase full of monies in the hotel room safe and go full peasant for a day while there...put $300 cash in your pocket and go out and live it up bubba, it’s da Big Easy ;)

    Dude, you seem so cool. I'd love to have a beer with you sometime.......just sayin'. ;)

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

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

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭
    edited May 18, 2018 6:42PM

    @Insider2 said:
    @STEWARTBLAYNUMIS said: "...At least he still admits to decimal grading which went away when plus grading came into play."

    Please fill in some interesting grading history. Who was decimal grading? Internally at one of the TPG's? Thanks in advance. :)

    Skip, these people were. Lots of collectors for these also. (Compugrade)

    .
    .
    .

  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭

    @STEWARTBLAYNUMIS said:
    The PCGS price guide says
    MS 67. $200 pop 552
    MS 67+ $550 pop 74
    MS 68 $ 5,250 Pop 10
    MS 68 + $ 12,500 pop 1

    So what does this mean to you ?

    I'll take an ms67.

    image
  • WildIdeaWildIdea Posts: 1,877 ✭✭✭✭✭

    Being Lincoln cents have stayed my primary collecting focus, Im overjoyed to see record prices set. Congrats to the new owner! Looks like a spectacular coin.

    Price wise, my thoughts are that 250, 1200, and 5000 can be just crazy money for about any Lincoln when you stop a min and think about it. Not many people in my life could relate to spending like that for a coin, but once you become comfortable with that, 10-12k isn’t a huge leap and heck, since were going there why not 30 or 40k and beyond!! The naysayers may get the last laugh, maybe not, I’m in the maybe not camp.

  • WalkerfanWalkerfan Posts: 9,753 ✭✭✭✭✭

    Regardless of what we think. It's very good for the hobby. If someone pays this kind of money for a coin like that then the sky's the limit.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

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

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    The coin literally jumped out of the box and did a dance at lot viewing. It's a stunner. Special Lincoln. I understand why bidding was fierce

    mark

    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......
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited May 18, 2018 8:21PM

    @STEWARTBLAYNUMIS said:
    Colonel Jessup with his psycho babble as usual spewing what no one understands
    Including himself. At least he still admits to decimal grading which went away when
    plus grading came into play. But a has been like him needs to count to 68+ Before anyone will listen.
    Cardinal - I was the under bidder for the 1852 at the Goldbergs auction. I thought you were done with your last bid and I felt $ 27,000 was enough for a 65 even though I graded the coin Ms 67.

    @Screwie@Stewpid, I had you figured out 5 minutes after I met you almost 20 years ago. You get off on other people's pain. Even if it's just your secret pleasure. But causing it? That's especially delicious, huh?
    Want some?

    I've been threatened by psychopaths with more slam time than you, guys who've raped their wives and beaten their children rather than just being stupid and greedy enough to drive a truckload of weed across a state line.

    Mano a mano, I will risk another of your brutally effective spit-balls.

    I can find others to vouch-safe my professional competence if I testify against you. Retired, but I have a piece of paper from the State of NJ that says, as a therapist, I'm legally in. You have a piece of paper from the US Federal Bureau of Prisons saying, as a citizen, that you're now legally out.

    Have you ever danced with the devil in the pale moonlight?
    I'm trying to save my best vitriol for @notTheRealDonnaTrump.

    No vitriol needed, not even Jewel-Luster. Just a bucket of clear water to help you remember the last words of the Wicked Witch of the West:
    "All my beautiful wickedness is melting".

    Oops. :#

    I hear Heritage will be selling the Dorian Gray half cents soon. If you are planning on using a shill, let us know. :p

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • RayboRaybo Posts: 5,341 ✭✭✭✭✭

    Some of you people are out of your minds (IMHO).

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    Had to believe but I had no idea who bought the RI. I knew several collectors were on it over $20,000.00. There is one dealer who loves to make MS69 commemes and stuff, but I could not see him bidding that high. A 69 would be worth $50g +

    For the record the 14D 1C sold-check the registry in a week r so to learn who bought it

    For me it was a painful auction. As one of the biggest buyers around, if it were in any other companies sale, I'd would have been a huge player (and loser probably). The gorgeous Barber coins did really well too. Many high powered collectors came out for this sale

  • WalkerfanWalkerfan Posts: 9,753 ✭✭✭✭✭
    edited May 18, 2018 8:21PM

    @Justacommeman said:
    How good was the weed? I mean since the gloves are off I’m curious

    mark

    Keith Richards did Coke till 2005 (about 40 years). Today he still drinks copiously and smokes some weed. B)

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

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

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

    That has to be a world record for the most words ever used to Simply call someone stupid.

  • RonyahskiRonyahski Posts: 3,119 ✭✭✭✭✭

    @Walkerfan said:

    @Justacommeman said:
    How good was the weed? I mean since the gloves are off I’m curious

    mark

    Keith Richards did Coke till 2005 (about 40 years). Today he still drinks copiously and smokes some weed. B)

    And if a nuclear war obliterated all of us, only two species on Earth would survive...cockroaches and Keith Richards.

    Some refer to overgraded slabs as Coffins. I like to think of them as Happy Coins.
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited May 18, 2018 8:45PM

    How good was the weed? I mean since the gloves are off I’m curious

    mark

    Good enough to make someone stewpid enough to get caught?

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • WalkerfanWalkerfan Posts: 9,753 ✭✭✭✭✭

    @Ronyahski said:

    @Walkerfan said:

    @Justacommeman said:
    How good was the weed? I mean since the gloves are off I’m curious

    mark

    Keith Richards did Coke till 2005 (about 40 years). Today he still drinks copiously and smokes some weed. B)

    And if a nuclear war obliterated all of us, only two species on Earth would survive...cockroaches and Keith Richards.

    Heard that many years ago and it's still true today.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

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

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited May 18, 2018 9:07PM

    @Walkerfan said:

    @Justacommeman said:
    How good was the weed? I mean since the gloves are off I’m curious

    mark

    Keith Richards did Coke till 2005 (about 40 years). Today he still drinks copiously and smokes some weed. B)

    Your point being he looks better than ever now, right? B)B)

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @STEWARTBLAYNUMIS said: "Insider2 - decimal grading was done by dealers from the 1990’s to determine chances for a grade when coins were sold raw. Even slab coins, before + grading were graded decimally."

    Glad I asked. I never heard of it until Compugrade but do they really count? See below. Were the dealers doing it themselvs at shows or was it being done inside a TPGS also.

    @Wabbit2313 posted: "...these people were. Lots of collectors for these also. (Compugrade)

    Ah yes, I completely forgot about them. I have two of their coins. As a consultant, Charles Hoskins, the former Director of ANACS (in DC), helped them set up the computer program. At the time, he was the owner/director of the INS authentication Bureau, the first TPGS.

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭

    @specialist said:
    Had to believe but I had no idea who bought the RI. I knew several collectors were on it over $20,000.00. There is one dealer who loves to make MS69 commemes and stuff, but I could not see him bidding that high. A 69 would be worth $50g +

    For the record the 14D 1C sold-check the registry in a week r so to learn who bought it

    For me it was a painful auction. As one of the biggest buyers around, if it were in any other companies sale, I'd would have been a huge player (and loser probably). The gorgeous Barber coins did really well too. Many high powered collectors came out for this sale

    You'd have to be a little @screwie not to be happy to hear that. >:)

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • WalkerfanWalkerfan Posts: 9,753 ✭✭✭✭✭

    @ColonelJessup said:

    @Walkerfan said:

    @Justacommeman said:
    How good was the weed? I mean since the gloves are off I’m curious

    mark

    Keith Richards did Coke till 2005 (about 40 years). Today he still drinks copiously and smokes some weed. B)

    Your point being he looks better than ever now, right? B)B)

    Unfortunately, he looks a bit worse for the wear.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

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

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited May 18, 2018 10:02PM

    @Walkerfan said:

    @ColonelJessup said:

    @Walkerfan said:

    @Justacommeman said:
    How good was the weed? I mean since the gloves are off I’m curious

    mark

    Keith Richards did Coke till 2005 (about 40 years). Today he still drinks copiously and smokes some weed. B)

    Your point being he looks better than ever now, right? B)B)

    Unfortunately, he looks a bit worse for the wear.

    He never should have gone to Toronto, but I think overall the tobacco was worse for his skin than the heroin.

    So the takeaway is that Keith is a degenerate with a strong enough pulse and enough money left to buy a rare coin or two before all the tequila and absinthe in the world is gone and the cockroaches raise the price of weed. B)

    Excellent news for the market. And more: Mick is setting up trust funds for all the great-grand-kids.

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • RayboRaybo Posts: 5,341 ✭✭✭✭✭

    Next knucklehead please......where the heck is the popcorn icon?

    :#

  • AotearoaAotearoa Posts: 1,561 ✭✭✭✭✭

    Ridiculous. And I don’t mean the 35 grand.

    Smitten with DBLCs.

  • BGBG Posts: 1,762 ✭✭✭✭✭

    Looks close to RB in the image?

  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    @specialist said:
    Had to believe but I had no idea who bought the RI. I knew several collectors were on it over $20,000.00. There is one dealer who loves to make MS69 commemes and stuff, but I could not see him bidding that high. A 69 would be worth $50g +

    Phone Bidder as Bruce Scher is building another set in the afterlife.

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • ernie11ernie11 Posts: 1,994 ✭✭✭✭✭

    Wow, that's a gorgeous coin, but I'd never pay that price for it.

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    While every one is quietly giggling at the price the winning bidders paid on the Commem and the 1935 1C, history has PROVEN they will have the last laugh.

    If they had to sell tomorrow, probably ouch! However, if they hold long term, they can score huge. Most Famous case: Dr Duckor paid a more hen crazy $75,000.00 or so for his 20S $10.00 back late 70's. We paid $1,650,000.00 for it on behalf of Mr Simpson. And guess what, Simpson actually can make a profit on it today.

    Sure the 1935 seemed an unlikely candidate, but down the road (even if another gets made) it will sustain its value. There will always be new 1C collectors as well Type people wanting the finest. I assure everyone, the buyer knew he paid a it high on the 1C, but he is confident in time he will do extremely well with it-and I fully agree.

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    @specialist said:
    Had to believe but I had no idea who bought the RI. I knew several collectors were on it over $20,000.00. There is one dealer who loves to make MS69 commemes and stuff, but I could not see him bidding that high. A 69 would be worth $50g +

    For the record the 14D 1C sold-check the registry in a week r so to learn who bought it

    For me it was a painful auction. As one of the biggest buyers around, if it were in any other companies sale, I'd would have been a huge player (and loser probably). The gorgeous Barber coins did really well too. Many high powered collectors came out for this sale

    Specialist---what caused this sale to go nuke?

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    Gazes,

    When you go to shows, do you see fresh nice coins like what we had? No! It was what was offered that made the sale so strong.

    As far as the prices, were they moon money or were they really just market? Save for a few cases (like the RI in MS68) they were market prices.

    It also helps that in our sales you don't have to go threw 5,000 coins to hind the 800 that are nice. We set a very high bar for ourselves. This sale we had a record turn out.

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    @specialist said:
    Gazes,

    When you go to shows, do you see fresh nice coins like what we had? No! It was what was offered that made the sale so strong.

    As far as the prices, were they moon money or were they really just market? Save for a few cases (like the RI in MS68) they were market prices.

    It also helps that in our sales you don't have to go threw 5,000 coins to hind the 800 that are nice. We set a very high bar for ourselves. This sale we had a record turn out.

    Thanks---and I agree that except in a few cases that these were the current market prices for high end coins

  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭

    @Justacommeman said:
    How good was the weed? I mean since the gloves are off I’m curious

    mark

    Man, I was really wanting to say something when he was calling Comey ethically unfit...

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭

    @specialist said:
    Gazes,

    When you go to shows, do you see fresh nice coins like what we had? No! It was what was offered that made the sale so strong.

    As far as the prices, were they moon money or were they really just market? Save for a few cases (like the RI in MS68) they were market prices.

    It also helps that in our sales you don't have to go threw 5,000 coins to hind the 800 that are nice. We set a very high bar for ourselves. This sale we had a record turn out.

    What an upgrader would call a target-rich environment (if you damn collectors didn't show up and ruin it for us) :p

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    Well....if you have MIO to burn; these are crumbs. Beautiful coin at Beautiful price ;)

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    I just confirmed it was 2 collectors battling out on the RI in MS68. Congrats!

  • PriestPriest Posts: 270 ✭✭

    Great looker, but is that a carbon spot to the right 3/4 to the rim if you follow Abe's nose ? D.A. Priest

    D.A. Priest
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭

    From another thread - Has the charge for the RI in 68 shown up yet on the @Justacommeman family debit card? :*

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • edited May 19, 2018 11:35AM
    This content has been removed.
  • coinkatcoinkat Posts: 23,856 ✭✭✭✭✭

    So...

    Anyone want to take a stab at summarizing the thread take aways in 200 words or less?

    Experience the World through Numismatics...it's more than you can imagine.

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    @coinkat said:
    So...

    Anyone want to take a stab at summarizing the thread take aways in 200 words or less?

    Some people think it is the finest Lincoln wheat cent and others think it is a high grade common coin

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

    @coinkat said:
    So...

    Anyone want to take a stab at summarizing the thread take aways in 200 words or less?

    @ColonelJessup gets very angry when someone calls him a "has been".

  • NicNic Posts: 3,415 ✭✭✭✭✭

    @Wabbit2313 said:

    @coinkat said:
    So...

    Anyone want to take a stab at summarizing the thread take aways in 200 words or less?

    @ColonelJessup gets very angry when someone calls him a "has been".

    And Stewie can be a true loser.

    Great prices for the coins!

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited May 19, 2018 1:28PM

    My take on the thread is that the coin has three colors; red, redder, and redderer. o:)

    And we learned that the more drugs Keith Richards took, the better he played

    Otherwise, personally, I prefer the more tender "over-the-hill" that my friends occasionally mutter. :p
    And yet, from its source, I would rather have @screwie's contempt than most people's praise :#
    Twenty years of disgust on behavior exhibited. "Likely(?)" that dozens of others have noticed "ugly stuff".
    I just summarized it in a public service announcement.
    That his maneuvers are so transparent is why @stewpid works.
    That's how I rationalize my vacation in the belly of the beast
    The truth here for me is I'm trying to get something smelly off one of my shoes.

    The Dorian Gray Collection is an extended act of genius, but otherwise, ptoooey seems a sadly reliable base-line.

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • NicNic Posts: 3,415 ✭✭✭✭✭

    @Nic said:

    @Wabbit2313 said:

    @coinkat said:
    So...

    Anyone want to take a stab at summarizing the thread take aways in 200 words or less?

    @ColonelJessup gets very angry when someone calls him a "has been".

    And Stewie can be a true loser.

    Great prices for the coins!

    I should ad that nothing to do with outside activities by either party. They both know coins.

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    Yeah it's more of a value than a half billion dollar da Vinci.

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    edited May 19, 2018 1:10PM

    @specialist said:
    I just confirmed it was 2 collectors battling out on the RI in MS68. Congrats!

    Indeed. So happy to hear. I assumed DS would have been one of the bidders when it went past 20k

    There are two new young guys building high grade commem sets. Great to see

    m

    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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