1949 cent for $11,000?
DCW
Posts: 7,638 ✭✭✭✭✭
To each his own, but eleven thousand dollars could go a long way in my world. I was surprised at the results in this auction. Comments?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
3
Comments
wow!
and...
All the things that I could have bought for that $
BHNC #203
Here's the TrueView. PCGS Price Guide currently lists it for $6,500.
Nice! Looks like an outstanding example. I think I'd use $11k to buy a nice 34-S Peace Dollar though.
Collector, occasional seller
I have a BU roll of them and none of them come close to looking like that
Steve
Fields are very clean, but look at all the chatter on the cheek!
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
It's the fields, mostly. Pristine fields don't show up that often.
The strike is also top notch. ANY beard detail on Lincoln that late is very difficult to find.
Pete
Wow... that is quite the price.... Some collector must be very happy....Cheers, RickO
Two rich guys born in 1949 had to have it?
Rickp: I would say the consignor is pretty happy as well!
Billy Joel bid?
"I was born in '49
A cold war kid in McCarthy time"
Wowser, both at the coin and price. I guess the Registry Set really is addictive.
Very nice.
Best place to buy !
Bronze Associate member
This is one of those things -- I agree, the coin is superlative. I think it may well be worth that, to the well-heeled buyer. If I were to discover such a quality piece in a roll, get that grade and auction result, I'd be a very happy camper and be more than happy to "settle" for a not quite as nice one from the same roll.
This recently went for under $10,000 on ebay. I think I would have rather had the saint than the cent, lol
Or a 1964 Peace Dollar
If only
Collector, occasional seller
Fits the ANA grading standard for MS-67 and some of the marks on the cheek appear to be from the planchet that did not strike out (see base of coat also). From what I've seen, "micro-grading" is frowned upon at the TPGS's, With the magnified image you can even se a black dot or two. Exceptional coin and someone valued it at $$$$$. >
@batumi said:
The other winner is the auction company.
Brought to you by Condition Rarity. Pass.
Yes, but this is 67+.
And I believe that is where all the money went. In 67 this is a thousand dollar coin.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Pretty indeed, but I'd rather have a $5 Indian in MS65
My YouTube Channel
@DCW said: "Yes, but this is 67+. And I believe that is where all the money went. In 67 this is a thousand dollar coin."
I know virtually nothing about a coin's value. @Zoins said: "PCGS Price Guide currently lists it for $6,500."
So, it appears someone thought it was worth more than $1000 and more than $6500. I guess that's why we call them price GUIDES. They are often unreliable for many reasons - emotional attachment being only one of them.
Everything is relative. Some folks can afford to discard four Cubans immediately after lighting them because they don't draw right. Then they smoke the fifth. I don't smoke and I wouldn't spend $$$$$ on a 1949 cent unless I already had it sold for a profit. Perhaps we have not seen the last of this beauty.
Oh the Chain Cent I could buy for that money...
Smitten with DBLCs.
This coin was purchased by Hansen. It was discussed a couple weeks ago. He has been purchasing a large number of Lincolns the last few weeks.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
Wow, it's a nice piece, but a lot of money. I could have used that money for another or several other purchases !!!
No kidding. I paid 1/3 less for a PL peace dollar. 5 gold saints, a really nice fugio, any number of 18th century dollars would be so much better. BUT, im guessing someone paying that for this probably can get all those other coins too.
A very attractive common date coin. Do you really want an $11,000 common date coin?
Of course. I'll take two.
It was bought by Mr. Hansen. Case closed.
PS We should all be grateful for collectors such as Mr. Hansen and their collecting goals!
True view kinda makes it look RB.
What will it be worth if someone gets one slabbed in MS68?
I wish I had some to sell him.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Amazing the number of Lincoln experts here on these boards, lol. There is nothing common about that coin, I would buy it in a heartbeat if I played in that end of the pool. Also I very much doubt there was only one bidder for this coin, I wonder what that says to some on this thread. As the op said "To each his own" I would rather see and discuss coins like this than the tarnished common widgets that get posted every day.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I wonder if the buyer is a descendant of a tulip collector from Holland in the 17th century?
One of the toughest Lincoln cents to locate in true superb gem MS67RD grade from 1934-1958. With 1954-P probably the very hardest followed by 1953-P (from the 1940s-50s). I remember finding and slabbing a spectacular 1953-P cent in MS67RD maybe 5-10 years ago. I put it in my registry set (short set Lincolns) and had no intention of selling it (I rarely sell anything pop top from my core registry sets - a handful or so of coins sold in past 20 years). Well that cent was one of them. I was offered right around $20,000.00 for it (minus a commish for the dealer who came to me). The price Hansen paid for that 67+ 1949-P does not surprise me at all. Dare I say he got a “good” deal for someone desiring to build the highest graded set of those late date wheat cents. That coin is so tough to find in 67+!
As always, just my 2 cents. Wondercoin.
What seems like a sky high price today may well end up being viewed as a bargain in the future.
I remember a story about a collector who paid over (I think) $80,000.00 for an early US gold coin back (I think) in the 1970s or early 1980s. He bought it and paid moon money for it because is was viewed as being one of the best if not the best example of the coin in existence. Years later the collector sold the coin for a price that was in the millions.
Every coin I had to overpay dearly for was an easy sell although not always a good "investment."
CHATTER? That chatter could be the Gettysburg Address.
For all the haters GC has a 1909 VDB Lincoln currently at a bargain price of $13K (price guide is $28.5) pop 1 of 2. But I'm sure that tons of those will be made soon too so no doubt the winner will be just as buried as the new owner of the 1949 lol.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I would not use the term "haters" here. My first thought was that I could assemble a complete Lincoln cent set in attractive condition (some better than others) for the same price. I do not consider the purchaser to be anything except a Registry set competitor with a LOT of available funds. It is just not what I would go after if I had an extra 11K to spend.
Absurd!
What's that other sub forum called..register or something like that?
It's ridiculous what people will pay to be the "best" at something that means squat.
Pete> @Raybo said:
The Registry Forum. Squat or not. That's a real hot segment that drives the "specialty" portion of the Hobby.
Pete
I agree, and it isn't even close.
Regardless of what someone else might purchase in lieu of the Lincoln cent, I will state that it is an amazingly preserved and attractive coin.
In honor of the memory of Cpl. Michael E. Thompson
I was a bidder, but did not have the guts to spend that much on a single coin.
Not my series, but I will pass on some advice I received years ago
Stretching now means you can relax later🙂
Back in the late 1990's I slabbed the first (or second? - so long ago) 1953-P Lincoln Cent in PCGS MS67RD.
I put it up on Teletrade (before every coin was photographed and displayed) where it brought $800 - a lot of
money for a coin I probably paid $1 or $2 at the time. A few short years later it sold in auction for $11,000!
On this coin, the L appear to be on the rim. The Hansen coin,there is obvious space between the L and rim. Is this unusual?
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004