The Prices Realized for the Tom Mershon Lincoln Cent Collection will stun the non-believers

STEWARTBLAYNUMIS · April 28, 2005 8:15AM

Red Copper is more valuable than Gold !!!!

Lord Master Stewart

pharmer · April 28, 2005 8:41AM

Looks like most have gone past the hefty reserves. I will watch with interest his 1909 vdb pcgs67red, at $2400 and next bid meets reserve, versus another 1909 vdb pcgs67red in the same auction, at $950 and next bid meets reserve. The only difference seems to be his name on the former's slab.

Russ · April 28, 2005 8:42AM

POOF!!!

Russ, NCNE

RYK · April 28, 2005 8:43AM

Thanks for the helpful advice.

Lord Master Robert

K6AZ · April 28, 2005 8:43AM

<< POOF!!!

>>

DMWJR · April 28, 2005 8:50AM

Any idea whether the 46, 47, and 48 will pass reserve? Those are low pop!

I thought about picking off a few of the more common dates in 67, but they are already over what I thought market would be.

lloydmincy · April 28, 2005 10:33AM

46 has hit reserve, and the price is waaay too high.

Those 67RD 1909 VDB's reserves are BOTH TOO HIGH. The Mershon coin is an insult to our intelligence. i can't believe how much 1909-s VDB 66RD's are selling for still. $11000+ for a pop 100 (true guess) coin???

1921 68RD for over $54,000??? WHAT?????!!!!!! Let's see.... 1921 Lincoln, or a MS65 1907 High Relief $20 and extra change, or a '57 Corvette.

bullseye · April 28, 2005 10:43AM

I learned this along time ago about coins-the worse value, the more people want it. Case in point: 1909SVDB's.

BillJones · April 28, 2005 10:48AM

<< Red Copper is more valuable than Gold !!!!

Lord Master Stewart >>

Perhaps to some people, but not for me. I don't like the stuff because it is so fragile. Just look at the 1937-S "MS-67,Red" that is now half toned and spotted. I won't want to own that coin @ $16 grand.

I MUCH prefer Red & Brown and Brown copper, which is one of the reasons why I am not a Lincoln cent admirer. In that market if its not red, "It don't get no respect." Large cents and Indian cents are far more interesting IMO.

To each their own.

Baley · April 28, 2005 12:38PM

what in the hell kind of dickhead calls himself "Lord Master"?

rabbitracks · April 28, 2005 1:08PM

Bill Jones I think you meant the 35-S Lincoln that is definitely badly toned and spotted on the reverse. Looks as if someone who owned it didn't take very good care of it. As for Stewart Bly Bailey, he can call himself whatever he want's as he has the money to own any or all of Tom's Cents. He doesn't need them he probably has much nicer looking Lincoln's as he's been All Time #1 Cent collector for quite a while. Someone out there is going to try and assemble another high end set to compete with Stewart for that top spot maybe? As for what Stewart said at the beginning of this thread when you weigh the cent he's right at some of these prices there going to bring when this sale is over, definitely record setting!

LeeG · April 28, 2005 2:33PM

Baley that's just too funny

clw54 · April 28, 2005 2:36PM

Most if these dates can be bought for a few dollars in lower grades.

stman · April 28, 2005 2:38PM

<< what in the hell kind of dickhead calls himself "Lord Master"? >>

Yeah that's pretty funny Baley. I appreciate my Granddaughter reading all these type of "Astute"
comments on here when her and I are having our quality coin time together.

mrearlygold · April 28, 2005 2:38PM

<< what in the hell kind of dickhead calls himself "Lord Master"?

>>

mrearlygold · April 28, 2005 2:39PM

when her and I are having our quality coin time together. >>

stman · April 28, 2005 2:51PM

And your point is? Oh, must be going after my grammar. Enjoy.

mrearlygold · April 28, 2005 2:52PM

<< And your point is? Oh, must be going after my grammar. Enjoy. >>

Si, it's why I left it blank. Didn't want to sound hostile.

Tom

DMWJR · April 28, 2005 2:56PM

Well, sifting through the BS, looks like some Lincolns are already at top prices, and past the reserves. The 46 looks like it will sell for a record (I'm not seeing any prior auction info on that coin/grade). It looks pretty nice to me, and the market for these low pops even in the late dates are strong. Same with the 47 and 48. Those three will be interesting to watch.

The 15-s is smokin', as well as the 16-s and the 17-s.

The big players are all coming out, and I can see that there is going to be an all out war for a couple of them with mind blowing hammer prices. I don't think many of the common coins are going to make reserve- like the 1909 VDB reserved at $2,400. These have been regularly trading for about $1k.

DMWJR · April 28, 2005 2:57PM

Forgot to add, the 09 plain looks like a good deal currently at $2,800.

rays · April 28, 2005 2:57PM

What do the Lincoln people think of the 1914D in the same sale, lot 5315, in PCGS MS65 RED?
I once returned the same grade and date to Jay Parrino of THE MINT because of too many spots. It was only $5000 then (about 8 years ago).

haletj · April 28, 2005 2:58PM

I'm sure someone else coined the name Lord Master Stewart (Laura Legend maybe?)

Rabbittracks... there is another impressive set out there that is not in the registry. The Thomas Irwin Collection.

I think my dream of owning a coin from the Mershon set is rapidly disappearing as 1) the prices go up 2) pcgs undergrades more of my super nice Lincoln Memorials that I intended to sell

By the way, what would the second or third best Morgan Dollar set sell for? How about Buffalo nickels?

Edited to fix my spelling of Buffalo

oreville · April 28, 2005 3:01PM

Hmmm, I think Stew is jesting with his title and seems to me a little amazed at the prices he believes these cents will attain.

Cents were so much in the doldrums for so long from the 1970's to about 5 years ago and geez, are they making up for lost time.

I wished I had kept more of my obw and BU rolls of cents from the teens and 1920's.

DMWJR · April 28, 2005 3:05PM

Oreville, I'm sure of it. Stewart is going to buy Lincoln cents. It's a fact. Now he has to pay more. He doesn't like it. Hell, I don't like it either because it prevents me from getting into MS Lincolns at the level I want to.

But I'm a Proof Lincoln collector, so I don't know Jack Schitt!

coynclecter · April 28, 2005 3:20PM

<< I think my dream of owning a coin from the Mershon set is rapidly disappearing >>

Don't believe it. You will have a chance to get a lot of them at half the price 5 years from now.

DMWJR · April 29, 2005 1:12AM

1957 has hit reserve at $10k including BP.

Steve · April 29, 2005 4:35AM

I admire the collecting habits of Tom Mershon, Stewart, Doug, Gerry and all the other top tier Lincoln cent collectors. But I also feel very good about my own collecting habits which have allowed me to own what I consider to be a complete business strike and proof set of Lincolns (1909-2005) in nice collector condition for a total net investment of under $25k. My guess is that there will be a few of Tom's coins individually going for more than that amount. Steve

shylock · April 29, 2005 5:38AM

Perhaps to some people, but not for me. I don't like the stuff because it is so fragile.

I agree with Bill Jones' assessment but not his conclusion. The same quality that makes copper so fragile makes the few/true/original/high-grade red survivors look like jewels from heaven. In most cases copper is at its worst, the ugliest metal coins have ever been struck in. But at its best it's what coin collecting is about. It's definitely not for the faint of heart (or light in wallet).

RBinTex · April 29, 2005 6:30AM

"...pcgs undergrades more of my super nice Lincoln Memorials that I intended to sell..."

"Criminally undergrades" ours most of the time.

willy · April 29, 2005 8:02AM

I would think that Stewart is just jumping for joy every time there is a high grade lincoln auction
with record prices. From what I have gathered he has many duplicates in high grades of some of these items
maybe even rolls.

This is the greatest thing that could happen for him, but I think he down plays like it is hurting him to buy at these levels

willy

Dennis88 · April 29, 2005 8:04AM

I agree with you on (some) pre 1933 coins, after that it's IMHO not true.

Dennis

ziggy29 · April 29, 2005 8:13AM

I love IHCs and old Lincolns, and I LOVE a full red blazer as much as anyone, but I'm afraid to buy anything in full red. All it takes is a coin turning in the holder and suddenly you're looking at as little as 10 to 25 cents on the dollar compared to the value in full red.

The Prices Realized for the Tom Mershon Lincoln Cent Collection will stun the non-believers

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