Early Date MS Lincolns...Market has Moved Alot in the Past Several Years
OneCent
Posts: 3,561 ✭
Do you think that they have peaked in terms of price appreciation?
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
0
Comments
<< <i>No. >>
Care to articulate?
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
How can anyone resist a nice Lincoln?
I think it's pretty tough to say, there may be a run up in the prices right now due to the 100th anniversary coming up. If we see prices falling off after next year, then that's what it was.
If the promotion of the 100th anniversary brings more and more people to the Lincoln cents, then we are all sitting pretty with the Lincolns we have now
To sum it up, I don't know. What I do know is I am amazed at some of the prices the Lincolns have been bringing lately.
Lincoln set Colorless Set
<< <i>TWhat I do know is I am amazed at some of the prices the Lincolns have been bringing lately. >>
That's fer dang shure!!!
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>That's a good question Pete.
I think it's pretty tough to say, there may be a run up in the prices right now due to the 100th anniversary coming up. If we see prices falling off after next year, then that's what it was.
If the promotion of the 100th anniversary brings more and more people to the Lincoln cents, then we are all sitting pretty with the Lincolns we have now
To sum it up, I don't know. What I do know is I am amazed at some of the prices the Lincolns have been bringing lately. >>
Have you seen the prices being realized for 66RD 1909 VDB Lincolns lately? $500 to $600 for a coin that everyone saved and 27 million were minted. Less than a year ago you could have bought one for $300 bucks. Cleary a case of the approaching 100 anniversary for this particular date/variety.
Anything '34 or prior has been extremely hot. Certainly not complaining and I will continue to buy selectively. One has to wonder though how long these prices will last. On the flip side, the '34 - '58 set for most ordinary 66RD's seems to be quite lackluster. Add some color though and lookout!!!
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
One look there sets your mind at ease when you see these early coins going up in value.
Abraham Lincoln, the man who saved America (God bless him). It's only fitting that he is on the penny. Every kid who started coin collecting probably began with the Lincoln penny. All these baby boomers are now retiring and a lot of them will be picking up this hobby back up.
With these collectors returning and 2009 looming, I think that the prices will increase in the next three to five years. After that I believe they will level out for a while.
Of course it will be a whole new scenario if the mint does away with them.
<< <i>On the flip side, the '34 - '58 set for most ordinary 66RD's seems to be quite lackluster. >>
I think the market may have peaked on these.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>Abraham Lincoln, the man who saved America (God bless him). It's only fitting that he is on the penny. Every kid who started coin collecting probably began with the Lincoln penny. All these baby boomers are now retiring and a lot of them will be picking up this hobby back up.
With these collectors returning and 2009 looming, I think that the prices will increase in the next three to five years. After that I believe they will level out for a while.
Of course it will be a whole new scenario if the mint does away with them. >>
I think that Curly is right on the mark with several things in his reply. My expectation is that (assuming that the general economy doesn't lapse into a serious and prolonged recession anytime soon) Lincolns are in for an extended period of increasing value.
The 100th anniversary and its new commemorative designs will surely attract increased collector interest to what is already the most widely collected fractional coin in history. The movement of the baby boomers into their years of increased disposable income will permit the return of many of them to the "penny collecting" that they enjoyed as kids--though now with the financial resources to fill more of the holes in their albums with nicer coins. And if the government decides to discontinue minting cents following the release of the anniversary issues, there will be a significant rush by non-collectors to own Lincolns in bulk.
Even if only the first two of these three factors are at work over the next three to five years, I think that we'll see increasingly strong prices for better grade and scarcer date Lincolns until at least 2012. And I don't think it'll be a brief spike. Look for prices to (at worst) plateau and probably continue to increase gradually throughout the second decade of this century.
I really don't think that the recent increases in the price of early Lincolns (whether in MS or in VF to AU) has much to do with speculation in advance of 2009. I think it's due to increased interest and collector demand--neither of which is likely to fall off a cliff in 2009, 2010, 2011, or anytime soon thereafter.
Call me bullish on Lincolns.
JMHO, of course.
>I think the market may have peaked on these. <
I'm not so sure on that. Have you seen the prices that the P-mint coins are bringing from 46 thru 54 on Ebay and Teletrade? I just watched a 53-P in PCGS 66 RD go over $400. That used to be true only on the '54-P. The majority of the others are more plentiful and seem to be holding still. Should be interesting in '09 though.
10-4,
My Instagram picturesErik
My registry sets