The upper 1/10 of 1 percent of the market is red hot...

291fifth · May 29, 2008 11:39PM

... the rest of the market can be used to cool your drinks.

ambro51 · May 29, 2008 11:51PM

backed up no doubt by solid well researched facts.

291fifth · May 29, 2008 11:59PM

<< backed up no doubt by solid well researched facts. >>

Facts, who needs facts!

WinPitcher · May 30, 2008 12:00AM

Isn't that always the case?

Steve

ricko · May 30, 2008 12:00AM

That was not apparent at the last couple of shows I attended.. business seemed to be brisk all around. Just from my little knothole.... Cheers, RickO

oreville · May 30, 2008 4:19AM

Lincoln wheat cents in circulated condition are also hot. They are getting harder to locate too.

Thjis represents the bottom 1/10 of 1 percent of the market.

mrearlygold · May 30, 2008 4:21AM

<< Lincoln wheat cents in circulated condition are also hot. They are getting harder to locate too.

Thjis represents the bottom 1/10 of 1 percent of the market. >>

roadrunner · May 30, 2008 7:57AM

I think you're too kind.

Probably only the top 5-10% of all coins ever slabbed are doing well in this market.

roadrunner

cape · May 30, 2008 8:06AM

I DON'T WANT TO SOUND LIKE A POMPUS === BUT EVERYDAY STUFF IS DEAD -BUT NICE HIGH GRADE ANYTHING IS BRINGING PREMIUMS!

jdimmick · May 30, 2008 8:10AM

My take on circulated Lincolns is this, yes they are fairly hot, but they are being hoarded by the truckload's by speculators awaiting the approaching lincoln Anniversary. Many are sitting back and going to try to make a strong return. However, IMO, this is going to require nearly great timing to hit the top becuase one will need to sell just before every one else does, beucase once the selling off starts there will be plenty of coins available. Many of these are not scarce at , just appear to be becuase of the above. I know several who are doing this myself(no, I am not one of them)

Jim

ambro51 · May 30, 2008 8:22AM

Yes the selling of the Lincolns officially begins on January 1, 2010, at 9 am EST.

All Lincolns will immediatly decrease in value to either melt, or face, whichever is lowest at that particular time.

This will include all Matte Proofs, sorry to say.

All Proceeds from selling or spending the Lincolns will immediatly be used to purchase coins of REAL value, such as inverted edge lettered presidential dollars.

OneCent · May 30, 2008 8:27AM

<< Lincoln wheat cents in circulated condition are also hot. They are getting harder to locate too.

Thjis represents the bottom 1/10 of 1 percent of the market. >>

Hey, I take offense to the statement denigrating circ Lincoln's to bottom dweller status!

jdimmick · May 30, 2008 8:28AM

Now, your getting sarcastic and taking my comment out of context:

I clearly said circulated keys/semi keys. I did not say Matte's or specialty Lincolns.!

If anybody really believes 31-s, 24-d , and some of the teens s right now are that hard to find and worth current prices in low to mid circ grades, there living in fantasy land.

Jim

ambro51 · May 30, 2008 9:09AM

Sorry about the sarcasm, its actually just a jab of humor at the folly of calling the top or bottom to any type of a market. Even Warren Buffet dosen't claim that ability, and he knows a thing or three about money, value and human nature.

All this jazz is just a big hobby, and who really cares if a stupid little penny is worth TEN THOUSAND DOLLARS or just "one cent" as the it says on the back

keets · May 30, 2008 9:39AM

OneCent · May 30, 2008 9:44AM

<< Now, your getting sarcastic and taking my comment out of context:

I clearly said circulated keys/semi keys. I did not say Matte's or specialty Lincolns.!

If anybody really believes 31-s, 24-d , and some of the teens s right now are that hard to find and worth current prices in low to mid circ grades, there living in fantasy land.

Jim >>

Just having some fun, Jim. In fact, I whole-heartedly agree with you. Slabbing XF-40 early teens and then having them sell for $60 - $100? Absolutely ridiculous! These semi-key dates are only conditionally rare in high MS grade not well circulated! I personally think that once the Lincoln hype is over these things will be selling for $20. I digress.....

Elcontador · May 30, 2008 9:52AM

What Cape said.

ambro51 · May 30, 2008 10:06AM

exactly what day does the Lincoln Hype end?

As far as I can see, as soon as those commem lincolns come out...and they are everywhere and in your face...a great wave of Lincoln collectors will descend like locusts from above and devour every single AG and up Lincoln on the face of the planet. They will break into your house late at night and empty your cookie jar. But of course sooner or later all these collectors who rediscover Lincolns will get their fill............and then...........

A tiny little bell will be rung and all the coins will flood the market like unwanted Avon bottles or Beanie Babies.

Never mind of course that these coins have been collected by at least four generations of collectors for nearly a century....it will all come to a screaming eye bulging end.

(I just like to argue and stir things up

FishyOne · May 30, 2008 10:24AM

Slabbing XF-40 early teens and then having them sell for $60 - $100? Absolutely ridiculous!

Surely you don't mean a '13-S, '14-S, or '15-S?! If you do, I got took!

I've bought several early S mint Lincolns slabbed EF-40 to AU-50 in the last year for $60 to $70.

I love'm whether the price drops or not, but $20?!

FullStrike · May 30, 2008 12:39PM

How is the Crackout Game these days - is it still going strong? I ask because I'm wondering if the crackout artists are buying the top coins or is it collectors doing the buying?

And furthermore if collectors are the ones buying, are they "pure" collectors or investor/speculator/collectors looking to flip to the crackouts and/or other investor/speculator/collectors?

I was just only wondering.

OneCent · May 30, 2008 1:07PM

<< Slabbing XF-40 early teens and then having them sell for $60 - $100? Absolutely ridiculous!

Surely you don't mean a '13-S, '14-S, or '15-S?! If you do, I got took!

I've bought several early S mint Lincolns slabbed EF-40 to AU-50 in the last year for $60 to $70.

I love'm whether the price drops or not, but $20?!

>>

I certainly do not pretend to be an expert regarding Lincoln's or the ultimate direction of the coin prices. I purchased a NGC AU-58 12-s Lincoln in early 2007 for under a $100. Today, that same price gets you a slabbed '14-S in XF-40 or 45. Maybe there has been a structural change in the market (prices) that is the new reality and here to stay. My bet is that is not the case, particulary with early date circulated (XF-40)'S mint Lincoln's. As mentioned by another poster in this thread, I believe that hoarding is taking place by individuals hoping to profit in 2009 as a result of the 100th Anniversary of the Lincoln Cent. Will this anniversary bring in enough "new" Lincoln collectors to swallow the infux of coins certain to saturate the market? Time will tell.

Until about 6 months ago, I never even saw an early date 's mint Lincoln (except '09-S VDB and '09-S in a PCGS slab). Now they regularly appear on e-bay. Interesting.

1914-S XF-40 Sold for $94.50, 4+ Million Minted & Common in Circulated Grades

SeaEagleCoins · May 30, 2008 1:17PM

Whatever is selling is HOT...

Whatever is not selling...is not HOT...

Until it sells...

And if whatever is HOT is not selling then it is no longer HOT...

Of course....

And considering the upcoming summer months...I'd say with confidence that all coins will be HOT...and so will all Coin Collecters and Coin Dealers...

Unless, of course, they are in an air-conditioned environment...

And I conclude that all prognostication is a COOL way to pass the time...

cladking · May 30, 2008 1:22PM

<< 

And I conclude that all prognostication is a COOL way to pass the time...

>>

...especially for those few with a hot hand.

stockwiz · May 30, 2008 11:51PM

<< Yes the selling of the Lincolns officially begins on January 1, 2010, at 9 am EST.

All Lincolns will immediatly decrease in value to either melt, or face, whichever is lowest at that particular time.

This will include all Matte Proofs, sorry to say.

All Proceeds from selling or spending the Lincolns will immediatly be used to purchase coins of REAL value, such as inverted edge lettered presidential dollars. >>

(yes, I like sarcasm

)

The upper 1/10 of 1 percent of the market is red hot...

Comments

Leave a Comment