An interesting result at GC for a common coin with an uncommon look
U1chicago
Posts: 6,589 ✭✭✭✭✭
This might be among the craziest toned wheat cents and someone really liked it. Back in 2021 it brought over $2k. Tonight it went for less than half (but one can still argue this is strong money).
https://www.greatcollections.com/Coin/1687123/1953-S-Lincoln-Cent-NGC-MS-65-BN-CAC-Green-Toned
https://www.greatcollections.com/Coin/1067180/1953-S-Lincoln-Cent-NGC-MS-65-BN-CAC-Green-Toned
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Comments
Perhaps a result of the COVID lockdown boredom along with extra government cash accounts for the difference?
"Got a flaming heart, can't get my fill"
I wonder too if it was in a CACG slab- of which is automatic with the sticker- if it would sell again for the closing price back in 2021.
Pretty coin!
peacockcoins
Does toning not degrade over time?
Perhaps sinply the fact that the seller wasn't bidding this time
All comments reflect the opinion of the author, even when irrefutably accurate.
That seems to be part of it. Last time there were two bidders above $1700, 3 above $1210 and 4 above the sale price tonight. I guess the other underbidders missed the auction or changed their minds. I thought this coin would go for more although I do not believe it is NT. If I thought it was, I would have been willing to pay more than it sold for this time (but not in 2021).
I would have paid more if the guy who made it centered the rings better.
This type of toning is not at all uncommon for wheat cents in old carboard albums. I have quite a few myself. The difference is that mine are most likely not gem quality for the most part, and the combination of high grade + target toning seems to equal a lot of value.
On the web: http://www.earlyus.com
Nice, but....
It looks really AT to me. I wouldn’t have paid up for 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/
Well it does have the CAC sticker, so they didn't think it was AT.
An authorized PCGS dealer, and a contributor to the Red Book.
Mr. Albanese is not infallible. Maybe he passed it because he deemed it market acceptable.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I remember that coin back in 2021! I was going to put in what I considered a last minute nuclear bid, but it quickly surpassed that amount.
Here is the post I created back then:
https://forums.collectors.com/discussion/1065820/amazing-lincoln-cent-bullseye-toner-on-gc#latest
I favor the reverse appearance over the obverse.
Agree the reverse is much nicer. Obverse is overdone and garish looking