Stack’s Bowers to sell the Omega One Cent coins and 24k gold Lincoln cents
Mr_Colombo
Posts: 77 ✭✭✭
There are going to be 232 three-coin sets available, including a 24k gold Lincoln cent. Popcorn bucket ready for the auction in December.
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It will be interesting to see what range these go for. Any guess? I’m thinking 25k each set?
@ScarsdaleCoin Spot on! I'm assuming Stacks will have these graded and IMO the top pop sets will reach 20-25k. Will be interesting to see the grades with their respective auction hammer prices.
I think they will go for multiples of that.
Edit: I guess environmental damage will not be designated by PCGS for the fingerprints clearly shown in early press. I wonder how many will slowly (or quickly) turn in holder to RB due to the oils in people's skin getting on the coins. How difficult is it to have someone at the mint with minimal numismatic knowledge anyway? Ugh
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
I would guess higher than $25k each.
In honor of the memory of Cpl. Michael E. Thompson
I’d put my money on “zero”, since fingerprints do not translate to an environmental details grade.
Nothing is as expensive as free money.
How did we go from 5 pennies to 232 three coin sets?
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"Coin collecting for outcasts..."
I guess they learned their lesson.
I'll be the first to predict $100K+
A lot more than I would be willing to pay if I were still actively buying.
The gold cent is intriguing.
They won't sell for 100K avg but down the road maybe.
Can someone educate me ... does the mint own these sets now and thus the proceeds so back to the Mint?
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I suspect StacksBowers talked with them about maximizing sales total. Didn't they auction a limited number of something a couple years ago?
I live here in Philly and I would've been glad to have brought over my white gloves and held those cents, had they asked me.
So is the 232 to commemorate the first year the Philly Mint produced the penny, 1793?
I believe it's to commemorate the 232 years the penny was minted.
Flowing Hair High Relief Gold Coins in 2024. The first coin included the cancelled dies and sold for $440K. The average selling price of 45 PR69 examples in the auction was $28K. Total sales of the 230 coins was $8,236,000. Someone who just had to have #230 of 230 -- a PF70 -- paid $90K !
Source: https://stacksbowers.com/sbpressreleases/stacks-bowers-galleries-to-sell-the-very-last-omega-pennies-at-auction-including-the-24-karat-gold-penny-sold-on-behalf-of-the-united-states-mint/
Seems like 50-60K per set should be about right. Figuring any Lincoln with a mintage of 232 pieces has to be cheap at 10K, and the gold piece has to be worth at least double what the red ones will bring. I’m not playing because it seems like we’re going to be getting more and more of these fabricated rarities, and I don’t think that will help the market for the earlier issues. But at the right discount to my numbers, well, I suppose I’d have to jump in.
Doggedly collecting coins of the Central American Republic.
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Got it, if you exclude the Fugio Cent as the first penny, which was minted in 1787.
They should have done a regular run of gold without the Omega sign for the "poor" buyers.
The mint is starting to produce Dan Carr mintage level coins.
The gold flowing hairs with similar mintage brought pretty much $25k or more in PR69 & PR70. These cents will probably be MS67-MS69. I would like to think they would go less than $25k although there are 3 coins not 1 but the cent probably has a bigger collector base. Hmmmmm.
Edited to add:
Any speculation on the PCGS slabbing - will it be a 3-coin multi holder?
http://ProofCollection.Net
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I expect that these would be "conserved" prior to placement in holders.
I certainly would, because that will mitigate future finger-print toning.
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maybe they can make some regular gold proof ones to celebrate the countries 250th
hmmmm... on a plain one, turn the copper to brass and we might have someone asking if it is gold
I think at least $400 K per set.
An authorized PCGS dealer, and a contributor to the Red Book.
And I will actually be shocked if those coins that were manhandled in Philly in front of the cameras last week are part of this 232, given that they are now offering Ps, Ds and gold, while all they made last week were a handful of Ps. The 232 were all likely made separately, months ago, and handled with the care something that is going to auctioned for mucho bucks deserves.
If I'm right, while everything at auction will be 69 and 70 with no conservation, as someone paying up for those sets would expect, it will also mean none of them are actually the last coins made in that ceremony for the cameras last week, regardless of any official certification to the contrary.
gold in all 232?
~30k avg then 250k for the last with the cancelled dis
Nope. Based on one canceled Gold FH die going for $440K, 3 canceled cent dies will surely go for more than $500K.
Also, based on 230 Gold FH coins going for more than $30K on average for a single coin, albeit one with an ounce of gold, it is likely that each Lincoln 3 coin set will go for more than that. Likely $50K+.
People here constantly commit the sin of looking at things like this through their personal lens when pontificating how much things like this will sell for, ignoring empirical evidence that doesn't line up with value as they see it.
I'd never spend what these things are going to go for. But what they are going to go for is not a mystery, given the data set we have from a mere year ago, and then how those coins did in the secondary market.
"Conserved" just means a dip before slabbing. That is a service TPGs provide
All comments reflect the opinion of the author, even when irrefutably accurate.
The last coin is whichever one the mint declares it to be. They may have to waffle the one with the fingerprints and use number two instead.