Does the end of penny production help or hurt this coin?
coinguy96
Posts: 48 ✭✭✭
This is a coin currently listed on Greatcollections and it has me wondering. Does the Lincoln Cent coming to a production end positively or negatively effect the hammer price of this coin? Do you think over the next 15 years these Top Pop coins continue to climb or do they drop off?
https://www.greatcollections.com/Coin/1916237/1954-Lincoln-Cent-PCGS-Proof-69-DCAM
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Zero effect, the value of this coin is dependent on registry collectors that need top pops, ending cent production has no bearing.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Zero effect.
There's at least 2 other threads asking the same question of you want to search.
A better question is whether the nonsense driving demand for common coins in high grades continues. I wouldn’t bet on it in the long term, or less.
"Nonsense driving demand for common coins in high grades"- rather judgmental isn't it?
What's you definition of common? What bucket do you want to put this coin in?
Talking PCGS graded coins here:
If you are just considering all 1954 proof cents, which would be silly to compare this to, then yes it's common.
If you are considering just DCAM 1954 cents, it is getting rare. Looks like 46 in the population.
If you are considering DCAM 1954 cents above PR68, there is only this one.
Of course you can "settle" for a 67 or 68 DCAM, then you have your pick among 24.
Collector, occasional seller
Thats an insanely rare coin. Holy crap.
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
Yes, I am judgmental. One of the useful functions of this thing I carry around in my head. Just my opinion pal.
Zero. It’s coin I would not want at the price it will bring.
As many persons have stated in the past:
These modern proof and SMS coins made commencing in 1950 through 1970 are very common and are available by the truckload, including many that would grade PF68 and above DCAM. They will never be worth collecting by discriminating collectors.
The funny thing is that I have collected in this niche area since returning to the hobby as a adult in 1998. Finding raw examples of such coins that warrant high grades (67 and above), plus a DCAM designation is exceedingly difficult. I have found and made only one such coin from the 1950s (a 1959 PF67DCAM cent), have made very few PF67 or better DCAM coins from 1960-1964, have made no DCAM SMS coins and have made very few PF67 or better DCAM coins from 1968-1970.
While there are large numbers of the 1950-1970 proof and SMS coins that were minted and survive to this day, the best of these coins (the earliest strikes from new dies or from freshly repolished dies) are few in number.
While I would like to have top pop DCAM examples of these coins in my collection, the very high market prices of same exclude me from obtaining them. I instead have enjoyed finding raw examples of these coins that are modestly priced, submitting them for grading and building Registry Sets from these raw cherrypicks.
Here is my best 1954 proof cent that I cherrypicked from a raw proof set. It graded PF67RD in 2023. I think it warrants a CAM designation. PCGS disagrees. The Price Guide values this cent at $40.00.
The 1954 PF69DCAM cent being auctioned at Great Collections (photo below) has no value stated in the Price Guide. The Price Guide does value a 1954 PF68DCAM cent (of which there are 7 graded by PCGS) at $14,500.00.
If one assumes that the winning bid for this PF69DCAM cent is $20,000.00 then that coin would be worth 500 times more than my PF67RD proof cent. If the high bid is $40,000.00 the price differential would be 1,000.
Is there anything about these two coins (excluding the grades and designations on the slab inserts) which supports the 500 times price differential between $40.00 and $20,000.00. If so, please educate me.
You have two different photos taken by different people under possibly very different conditions. Judging proofs is difficult enough but trying to compare two very different photos is not a good way to assess the differences in these two coins.
Having said that, what I see is slightly better frost on the auction coin, is it that much better than your coin, well that is up to the market to decide.
This is also way out in the weeds and would have been better as a new thread rather than redirecting this one.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
In my opinion, politics is involved with giving out the Cameo designation. I have seen coins that were obvious Cameos that didn't get it and others where the Cameo was hard to see, like on this silver dollar.
My understanding is that both photos of the two coins were taken at different times (by the same person [Phil], or if not by him then by others working under his direction).
It would be interesting to see both coins, in hand, under good lighting. There would be differences between the two coins, but claiming that those differences support vastly different values would be a hard sell.
The differences in the value between the two coins stems not from the coins themselves but from the competitive nature of and mind set of the collectors who choose to bid on and purchase Top Pop coins (i.e., My collection is better than yours; and My dad can beat up your dad
)
Another way to look at this - instead of buying 10 such (20k) coins, one could own a very nice chain cent or a half disme. Absurd.
When someone has millions of dollars, an extra $15-20k is but a drop in the bucket. It might be absurd to some, but to others it is how they enjoy the hobby- competition. They probably already have that nice chain cent in the bag.
My guess is this will end up in the DLH set.
It looks like a hell of a nice coin. I would very much like to own it, but I would not like to buy it.
Collector, occasional seller
Grading companies have operated profitably for decades selling pieces of paper printed with numeric and alphabetic symbols placed into clear blocks of plastic that also contain someone's piece of metal. The numeric and alphabetic symbols represent a subjective Opinion formulated and given by a grader (or a grade finalizer) at a specific date and time [a single data point].
Customers happily and willingly pay to obtain these subjective Opinions (along with the clear blocks of plastic and piece of paper containing their piece of metal). Thereafter they hold and possess these items until it becomes time to dispose of them. Upon disposition the customer can suffer a financial loss, break even financially or realize a financial gain.
While with the customer the customer can look at, play with, share, enjoy and talk about these items; hopefully enriching the customer's life. Eventually these items will migrate to someone else's custody and possession; and migrate further as the days/years roll by.
Rinse and repeat; so it goes with the Hobby Of Kings.
@SanctionII
“Rinse and repeat; so it goes with the Hobby of Kings.”
You’re not wrong but man, talk about triggering an existential moment. All of a sudden I question why I’ve collected early type coins for 50 years. Ah well.
The color of the Great Collections 1954 PF69DCAM cent (as it appears in the photo) reminds me of the color of 1936 forward copper proof Lincoln cents that have been dipped in MS70 (without any purple color resulting). The deeper warm orange color present on many of these coins is removed and replaced with a lighter, brighter orange color.
Which color is more eye appealing is a matter of personal choice.
Here are photos of two proof Lincoln cents in my collection that have these two types of orange color. I think both coins are very eye appealing.
PF67DCAM
PF68CAM
Having done that myself several times, I thought the exact same thing.
Both are attractive.
Collector, occasional seller
It won't be 20k. It'll be more. Trust me.
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
pcgsregistrycollector.
I expect the coin will sell for more than $20k also.
Whatever the winning bid amount is, do you think the differences in my PF67RD cent and the PF69DCAM cent support what will be a substantial price differential?
Since you are a PCGS Registry Collector
your view on this point interests me.
$45k hammer. That’s my guess
Empty Nest Collection
That question could be applied to any number of top pops. I would argue it could also apply to modern 69s and 70s. Only an individual collector can make that decision.
To me, absolutely not because price and appeal matters more than the numbers. I would almost always take the slightly lower grade for a significant savings in price. For other people, the number matters more than anything.
To each their own...
For me, it's what else I can buy for the same money or with the price difference in other coinage.
Here's a coin type I've used as an example many times.
https://coins.ha.com/itm/territorial-gold/1853-20-assay-office-twenty-dollar-900-thous-au58-ngc-cac-k-18-r2-pcgs-10013-/a/1368-3229.s?ic4=ListView-ShortDescription-071515
https://coins.ha.com/itm/territorial-gold/1853-20-assay-office-twenty-dollar-900-thous-ms63-pcgs-cac-k-18-r2-pcgs-10013-/a/1348-4188.s?ic4=ListView-ShortDescription-071515
Like one of the above posters, I wouldn't mine owning this Lincoln cent, but also only if I "made" it.