Lincoln Cents are Hot !
STEWARTBLAYNUMIS
Posts: 2,697 ✭✭✭✭
In the current Stacks Baltimore auction
A 1957 D Lincoln Cent graded MS 67+ red is bid at $5500 + $ 1,100 juice = $ 6,600
And the auction has not even begun !
Wow !
9
Comments
I'm going to be making some popcorn tomorrow and watch my saint go bye-bye
Winning it at the moment
My Saint Set
It used to be the 67 RD's that were crazy. After more of those were made, it was the 67+'s turn. I always loved the mentality of "they aren't minting any more of these!", which was ludicrous. Sure they aren't minting them, but out of those billions minted, certainly enough of them can qualify for the mega grades. Prices like this entice more of them out of the woodwork and the hoarded rolls.
This is one area I stay far, far away from. More power to the seller and to the person that 'made' it.
10-4,
My Instagram picturesErik
My registry sets
Stewart, I understand your enthusiasm for a series in which you are deeply invested. there is a simple test any of us can employ to gauge how "HOT" anything really is at any time. in this instance it would go like this: what price is this date/mm combination selling for in the next lower grade, MS66+RD?? I would be surprised to see it topping $50.
that tells me all I need to know about how "HOT" Lincoln Cents are right now.
this phenomenon has been going on for a number of years, but I'm not saying anything unknown, it's the Registry effect. it is currently enhanced by the Hansen effect to create a double whammy conundrum for anyone with top pop fever in pretty much any popularly collected series of US coinage.
Keets- the PCGS price guide for a 68 red is $ 3,750
Last month at Central States I witnessed a 1902 Indian Cent graded MS 67 red go for $ 66,000
Anyway a couple of Big Swinging Di_ _ _ are enjoying themselves.
Stewart, you sound like a petulant dinosaur.b
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
My local dealer once sent in rolls of 40s and 50s trying go get 67s. All came back as 66.
Hard to believe, the under bidder on the 1C 1902 is still kicking themselves. Those guys are the real dreamers....
Wow... sure wish I had to rolls of cents I would get at the bank when I was a kid....Fresh mint rolls... shiny copper cents.... there had to be a 67+ or a 68 among them....
Of course, there were no grades back then... 
Cheers, RickO
20% juice is to much. pass
Yeah, that's the problem.
Would you rather pay $120k with no juice or $100k with 20% juice?
A Forum member showed me a West Coast hoard of about 1000 pieces of this date just a few years ago.
Sent in "bulk", about 350 coins of the first 600 graded 67RD. The rest of the coins were then sent in with all the 66+ rejects resubmitted. The success rate was again about 60% on 67 RDs on a group of about 600 ncluding many many previous rejects.
Apparently someone submitted the 100 best ones a few more times and can now get their grading fees back and wait six months to make the next one
But @Stewie is one knowledgeable copper weenie. The Game may be Afoot!
Would you perhaps pay $5500 and no juice?
Or are you an @BillJones' alt and I've just been trolled?
It all depends on what a MS-67+ is...
Looking at a written guide to the difference between the 67, 68, and 69 grades, there appears to be very little room for a "Plus" coin for any reason.
The concept is simple, but yet...
Smitten with DBLCs.
no, I really never liked to put a label on people.
I left this merry-go-round when I was told my attractively toned 38 D Buff in MS 67 was worth $300, and one with more contact marks than mine in an MS 67+ holder, without as attractive toning as mine, sold for $1,200. No thank you.
"Seu cabra da peste,
"Sou Mangueira......."
if the coin is worth $!00,000 I would not pay $120,000 for it so that would cancel out the other as well. jmo on the matter
Without seeing the coins....
AFAIK, for a registry set the grade on the label is all that matters. In that case, the "+" is the difference in price.
I'll pay you a fee to sell my coin and you can charge the sucker who pays for the privilege to buy it another 20%!
Great idea.
Thankfully, the collectors and dealers don't decide to completely boycott one major auction to send a message that they want a big change to this system.
apparently my point was overlooked, this single coin doesn't tell me that Lincoln Cents are hot. maybe I'm the exception.
That is kind of the opposite point that you were making. "20% juice is to (sic) much. pass" implies the problem is the 20% not the total sale price. I don't care if the juice is 100% as long as my total purchase price is below my max.
No, you're not the exception. Frankly, results like this tell me that the coin market is sick not well. It's not just Lincolns, it's the condition census items in ALL the series.
I would rather be kicked than bid 5500 on a 1957-D Lincoln in 67 plus
Experience the World through Numismatics...it's more than you can imagine.
yes, point taken, sort of like the US economy. certain markets are doing well and certain areas of the country are doing well. I am not sure if I would use the word "sick" to describe what's going on but after 10-15 years of going up, up, up it was inevitable that things would slow and slide back. pop top fever still runs high, though.
Keets point is absolutely valid and I wouldn't be able to explain it better. Perhaps this: a MINT 1967 Chevelle- right off the showroom floor- may sell for $150,000 yet a lesser high mileage one may only garner $25,000. The market can't be defined by a single example. It is instead best explained by the hundreds of less conditioned examples available.
peacockcoins
The assumption was likely that it was a $120K coin regardless of how you got to the final figure. Kinda like you wanna die or get killed?
The PCGS price guide for a 68 red is $-0-.
That is because there are no coins graded 68 red.
Of course there’s another explanation - two legitimate bidders bid the coin up to that level. There are probably coins whose prices seem crazy (to at least some observers) in most, if not all major sales.
By the way, a shill doesn’t typically bid up a coin or win it at a price that’s anywhere near as much of an outlier as the examples mentioned in this thread.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You should change your title to "Lincoln Cent Is Hot".
"A dog breaks your heart only one time and that is when they pass on". Unknown
Keets - To clarify my point numerous better date Lincoln Cents , 23 s, 24 s 25s went for more than $ 30,000 each in Ms 65 red. In the Heritage Central States auction. A 1913 in Ms 67 red also went for more than 30 k.
In the Legend auction last week a 1917 s in 65 red went for more than 20k.
Mark Feld - yes I am a dinosaur like yourself
There are only 4 1957 d Lincoln’s graded Ms 67+red. I saw this coin in hand and it is gorgeous.
So my instinct tells me there is no shilling. It is a legitimate bid.
I haven’t looked at it yet but my first thought with top pop moderns these days is whether the coin is a EDM / Orlando toning coin. I don’t like to think that way but they have so many top pops these days.
Stewart, YES you are a dino-pleas sell me or consign your Lincolns to me!!!!!! I want dreck like yours!!!
n FYI: we sold a 1995 MS69 something for just over $3,000.00 last week. If you discussed something like that happening w/me 3 years ago, I would have said no way, its a fad.
There are REAL players for true GEM Lincolns right now
Reviving Blay thread. Lincolns in latest round of Stacks auctions:
Date Grade Guide Price Sold
1909-S 64RD 650 1,320
1910-S 67RD 15,500 24,000
1913-S 65RB 1,850 4,500
1920-S 65RB 1,650 6,300
1925-D 64RD 600 2,400
1943 68+ ___ 33,600
1955DDO 65RB 12,000 16,800
https://pcgs.com/setregistry/showcase/2819
I did not check but do you know if any/all of the above were CAC'd @lusterlover ? The auction market is still going strong with the c19 fears.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I believe they were all CAC. Also many in OGHs or fatties.
https://pcgs.com/setregistry/showcase/2819
Since you guys are talking about 1957-D cents. I have a roll of them that are beautiful, uncirculated and I’m not sure what grade. Should I get them graded or sell as is?? I am relatively new to coin collecting. Thanks and apologies for asking here and not in a new post. Thought it would be ok since you are talking about this specific coin. 😁
I had a feeling that might be the case, still good for the consigners that the good stuff is moving well.
Without seeing the coins its really impossible to give you any direction, as you say your new its difficult for anyone to gage if you have the ability to discern between what will grade at the 67 vs 66 level. My suggestion is that you look thru the roll (assuming that you want to open the roll), review the photos availible here on coinfacts, heritage, and other sites to identify what makes a 67 a 67 and then post photos here of the thee or four best coins for feedback. The pops have gone up since this thread was started and they are not really rare even in at the MS67 level (pop reports show 130+ here and 160+ at NGC) and MS66's are so cheap that you don't want to waste the money sending in anything but the best.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
They'll always be.
Thanks for the advice coinbuf!