Lincoln uncirculated dollar now "sold out"!!! watch what happens now PROOF also sold out/

pitboss · March 26, 2009 6:10AM

It officially is listed as "sold out"!!! per the mint availability list.

Lots of them for sale at reasonable prices on e bay though.

Reasonable for now that is.

The proof appears to be gone also as the dreaded waiting list has appeared to let people know that only junk is left.

jessewvu · March 26, 2009 6:15AM

So are the penny rolls...

I'm glad I stocked up on both

fc · March 26, 2009 6:16AM

pitboss.. with posts like this you should always mention how many you bought
and waiting to sell. sigh. i am guessing you have a horse in the race like so many
other posts like this.

pitboss · March 26, 2009 6:19AM

<< pitboss.. with posts like this you should always mention how many you bought
and waiting to sell. sigh. i am guessing you have a horse in the race like so many
other posts like this. >>

I have a few. I am not rich like some of these people that have 50 or 100.

hrlaser · March 26, 2009 6:26AM

I ordered two Uncs. last weekend, based on Dave Harper's (Editor of NN) Blog posting saying they were close to a sell-out with about 20,000 left, per the figures he gets from The Mint..

What I don't understand is.. I thought the 500,000 limit was "across all options" (with 50,000 Proofs held back for a special set later this year..) .. so if it was 450,000 singles, both Proofs AND Uncs., then how could the Uncs. sell out, while (as I type this).. the Proofs are still available?..

OR.. was there a fixed limit (out of those 450,000) of Proofs, and a fixed limit of Uncs?.. and if so, what were those limits?..

Anyway, I expect the eBay prices to start shootin' up once word gets around that the Uncs. are all gone.. another Buffalo $ in the making? (I hope..) ..

pitboss · March 26, 2009 6:32AM

I was under the opinion that they were holding 50,000 uncirculated for that special with the 5 cents.
I kind if figured that there was an additional 130, 000 uncirculated and about 320,000 proofs.

guitarwes · March 26, 2009 6:35AM

<< I ordered two Uncs. last weekend, based on Dave Harper's (Editor of NN) Blog posting saying they were close to a sell-out with about 20,000 left, per the figures he gets from The Mint..

What I don't understand is.. I thought the 500,000 limit was "across all options" (with 50,000 Proofs held back for a special set later this year..) .. so if it was 450,000 singles, both Proofs AND Uncs., then how could the Uncs. sell out, while (as I type this).. the Proofs are still available?..

OR.. was there a fixed limit (out of those 450,000) of Proofs, and a fixed limit of Uncs?.. and if so, what were those limits?..

Anyway, I expect the eBay prices to start shootin' up once word gets around that the Uncs. are all gone.. another Buffalo $ in the making? (I hope..) .. >>

I orderded 1 of each also, but got a US MINT notification that they were sold out and my order was cancelled.

-wes

PrivateCoinCollector · March 26, 2009 6:37AM

Replace "Lincoln dollar" with "Jefferson spouse" and it becomes the same thread. Still waiting. No I am not, they were gone as of the last Long Beach show.

pitboss · March 26, 2009 6:38AM

Thats why I gave up on ordering from the mint.

ozzyfan269 · March 26, 2009 6:38AM

They will go nowhere. Perhaps the proofs may spark some demand when they finally sell out, but the UNCs are just plain ugly in this issue

smokincoin · March 26, 2009 6:41AM

<< I was under the opinion that they were holding 50,000 uncirculated for that special with the 5 cents.
I kind if figured that there was an additional 130, 000 uncirculated and about 320,000 proofs. >>

The set you're referring to is a proof set.

08HALA20 · March 26, 2009 6:47AM

I have an order for 10 each from the 13th and 4 each from the 22nd.

Both proofs are in stock and reserved while the uncircs are BO to 4/3

Joe

hrlaser · March 26, 2009 6:51AM

<< 

I orderded 1 of each also, but got a US MINT notification that they were sold out and my order was cancelled.

-wes >>

Yikes

They told you that both the Proofs and Uncs. were sold out!?..

I just checked my order status and it says "backordered, expected ship date 03 April, 2009".. the cancel box is still there.. they haven't charged my plastic yet.. I originally ordered one Unc., but based on the rapidity of sales, called the order line a couple days ago and asked if I could up it to two Uncs.. the rep said sure, made the change, I refreshed my order page as soon as she said that, and the quantity had changed from 1 to 2.. with an estimated ship date of 30 March, 2009..

I guess if you still want them, head for eBay.. prices are still close to issue price for raws.. although the Proofs still show as available on usmint.gov.. I won't pretend to understand any of this..

droopyd · March 26, 2009 7:21AM

<< I was under the opinion that they were holding 50,000 uncirculated for that special with the 5 cents.
I kind if figured that there was an additional 130, 000 uncirculated and about 320,000 proofs. >>

The special set will be a proof set - one proof dollar and four proof cents.

droopyd · March 26, 2009 7:26AM

<< I just checked my order status and it says "backordered, expected ship date 03 April, 2009".. the cancel box is still there.. >>

Mine are "in stock and reserved" -- cancel button is gone so I guess they'll be shipping soon.

Mercury10c · March 26, 2009 11:34AM

Once the ebay flipping hype dies down, you'll be able to buy them all day long under $40.

Obiwancanoli · March 26, 2009 12:59PM

I'm not so sure about that all day long at $40.... but then, I'm still pretty green at this hobby, comapred to most of the rest here...

Still, it seems to me that with such a quick sellout of the Uncirc's, and the likely and nearly equally fast sellout of the Proofs, would suggest there could be demand from those who want one from the only place they'll be able to get it - the aftermarket. True, there should be many available, and perhaps the graded 70's may come down, but if there truly is a long-term demand, these ought to command a bit more than $40 raw.

Methinks it is still too early to set the bar just yet. Could be some I just bought for $45 a pop might not bring more than I paid, but the down side is pretty slim, and the upside, well, is a lot brighter...

We'll have to wait and see...

Bochiman · March 26, 2009 1:02PM

<< So are the penny rolls...

I'm glad I stocked up on both

>>

Yeah...no kidding. Have you ever done anything other than "stock up"? Any type of real collecting or has it always been about the flip?

OneCent · March 26, 2009 1:30PM

<< 

<< So are the penny rolls...

I'm glad I stocked up on both

>>

Yeah...no kidding. Have you ever done anything other than "stock up"? Any type of real collecting or has it always been about the flip? >>

and likely true!

Bear · March 26, 2009 1:35PM

I am telling you, a year from now the MS and PR Lincoln Dollars,

will be substantially higher then they are today. While they might

not be a grand slam, they will be a two base hit.. If you have the

pair as PCGS, MS & PR 70s you will be a real winner.

pitboss · March 26, 2009 6:44PM

I completely agree with bear on this one.

hrlaser · March 27, 2009 1:30AM

Dave Harper NN article on Lincoln Commemorative sell-out..

"Only 2,132 coins remained in Mint hands of the 450,000 pieces that were being offered to collectors individually as this paper was being deadlined.

A further supply of 50,000 proofs is being held for use in a special set that will be offered later this year. That would bring total mintage to 500,000, a figure not reached for a commemorative silver dollar in many years."

But he doesn't say what the last Silver $ Commemorative was that totally sold out.. I THOUGHT it was the Buffalo $ almost a decade ago.. someone else in another Lincoln Commemorative thread said Ben Franklin and the Marines Silver $ Commemoratives had also totally sold-out.. I don't remember that being the case, but I could be wrong.. Anyone remember for sure if both of those totally sold out?..

I'm really not that surprised that the Lincolns went so fast.. considering this is kind of Lincoln anniversary frenzy year in at least two ways (200nd Anniversary of his birth, 100rd anniversary of the Lincoln Cent..) .. so almost anything Lincoln-related is hot stuff..

I still don't understand how the Uncs. sold out but the Proofs are still available.. normally, The Mint doesn't allocate a fixed number for Proofs and a fixed number for Uncs.. only a fixed number for special sets..

MsMorrisine · March 27, 2009 1:38AM

and the obama effect.

Bithrate · March 27, 2009 1:42AM

<< They will go nowhere. Perhaps the proofs may spark some demand when they finally sell out, but the UNCs are just plain ugly in this issue >>

Really? I actually like the look of the unc a lot. Maybe more than the proof...

ricko · March 27, 2009 1:48AM

I will be surprised if these command any long term value. Although possible, the frenzy is mainly due to internet communications and flipper fever. Sorry Bear, I usually agree with your opinion, just this time I see it as a 'created' feeding frenzy. Time will tell, and I have erred in the past. Cheers, RickO

Bear · March 27, 2009 2:14AM

Listen Ricko, I have as much right to be wrong,

as you have to be right.

Manorcourtman · March 27, 2009 2:21AM

I own some and don't believe they will see any long term potential except for a premium for PCGS 70's. Anything in PCGS 70 will command a premium but I suspect many are in the hands of speculators/flippers and the rest were bought because a lack of a better choice for silver bullion at the Mint. Just thinking out loud. It is not an attractive coin imho.

RareSov · March 27, 2009 2:42AM

Didn't get many UNC.. 5 or 10 I think, compared to 30 or 40 proofs

Less than half the mintage, I will definitely hold onto a few perfect ones. Next year these will be higher for sure, you only have to look at the way they have been selling day in day out on the bay, then factor in all the dealers selling them elsewhere

JimDepot · March 27, 2009 3:03AM

Looks like the proofs are sold out too.

Waiting List Notice: The number of orders we have taken meets the maximum limit for the 2009 Abraham Lincoln Commemorative Proof Silver Dollar. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-in, first-served basis. We cannot provide information about your position on the waiting list.

I bought 0 of each.

hrlaser · March 27, 2009 3:25AM

In my humble / worthless / brilliant (choose one).. opinion.. this is a Commemorative that has a much wider appeal than just to coin collectors.. just like the Buffalo $ did.. back then, there was a thread on R.c.c. about a guy who made expensive, hand-crafted leather boots, and he was buying Buffalo $s to adorn the boots with them.. Many people collect all forms of Lincoln-related material, I can't even count how many different movies in which he's been portrayed, ("Abe Lincoln in Illinois" starring Raymond Massey is probably my favorite..).. how many documentaries have been made about him.. how many books published about him.. and he's still #1 on every poll I've ever seen of the top US Presidents.. he was both a brilliant and a tragic (in more ways than one).. figure, but historically, of paramount importance to this country's history.. so his very image carries an appeal that far transcends coin collecting.. thus, I suspect these coins will, as the Buffalo $ did, end up in many more places than safes or shoebox collections, or slabs.. and since it's not Gold, it's affordable to many more people.. and will be bought by a much wider cross-section of people than most previous modern Commemoratives.. and that, I believe, is what explains a six-week sell-out.. and, I suspect, a rather quick rise in price.. whether you think the coin is ugly or not (and there have been a lot of truly atrocious modern Commemoratives, along with some real stunners, like the Dolley Madison $ (no surprise there, since it was designed by Tiffany & Co.).. and yes, as mentioned, there's the Obama effect..

The Mint just released the Braille Commemorative, what, yesterday?.. I don't see (no pun intended).. people pushing each other out of the way to scramble to grab that one, and I suspect that's another one that will never sell-out its legislated total..

If the Mint were to ever put Walt Disney on a Silver $ Commemorative, I'd bet you dimes to donuts that it would sell out so fast you'd get whiplash watching it go.. there are legions of Disneyana collectors out there who WOULD push each other out of the way for such a coin.. a Mark Twain coin might likely have the same kind of mass appeal that transcends just coin collectors..

pitboss · March 27, 2009 5:22AM

<< Looks like the proofs are sold out too.

Waiting List Notice: The number of orders we have taken meets the maximum limit for the 2009 Abraham Lincoln Commemorative Proof Silver Dollar. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-in, first-served basis. We cannot provide information about your position on the waiting list.

I bought 0 of each. >>

I would not order any now as all you will get is the leftover junk that has been returned to them.

telephoto1 · March 27, 2009 6:26AM

I think that if you are buying more than X amount of a given issue then you should forfeit return privileges. That way flippers can't drop their non-gradable stuff back on the Mint.

SportsModerator · March 27, 2009 6:38AM

<< ........................... Time will tell, and I have erred in the past. Cheers, RickO >>

Indeed!

Who can ever forget some of your great ones in the past?

"Blimps will become the wings of man"

"Roller Disco will never die"

and

"Jackie Robinson gold $5 Uncs? Melt in less than a year"

stckplunge · March 27, 2009 6:58AM

<< I think that if you are buying more than X amount of a given issue then you should forfeit return privileges. That way flippers can't drop their non-gradable stuff back on the Mint. >>

It always surprises me why one group always wants to make rules for another group. Why dont non-flippers just make sure they buy what they want before there is a sellout? That way, they wont buy returned stuff and they wont have to come up with ways to govern the actions of others.

Jeff

Obiwancanoli · March 27, 2009 7:08AM

<< 

<< I think that if you are buying more than X amount of a given issue then you should forfeit return privileges. That way flippers can't drop their non-gradable stuff back on the Mint. >>

It always surprises me why one group always wants to make rules for another group. Why dont non-flippers just make sure they buy what they want before there is a sellout? That way, they wont buy returned stuff and they wont have to come up with ways to govern the actions of others.

Jeff >>

Because it wasn't a "good idea" until they realized most everyone else had already thunk it up...

telephoto1 · March 27, 2009 8:25AM

"It always surprises me why one group always wants to make rules for another group..."

The "rule" would apply equally to all groups. That way the hoggish would bear some responsibility for what they are buying instead of picking the cream and dropping the lower end stuff back on the smaller guys who get left with the scraps just because they were unable to take time from work to go sit at a computer or keep hitting redial on a phone for an hour to get their order placed in time. Even though I am a dealer and often sell to non-flippers who missed the boat, it still irks me that larger volume guys like the tv scammers get this stuff in hand the day it debuts and have it already slabbed. Some are more equal than others, it seems. I think that order limits can be a good thing. Gives the smaller guy a chance before all the flippers suck the stuff up.

MrOrganic · March 27, 2009 8:57AM

<< "It always surprises me why one group always wants to make rules for another group..."

The "rule" would apply equally to all groups. That way the hoggish would bear some responsibility for what they are buying instead of picking the cream and dropping the lower end stuff back on the smaller guys who get left with the scraps just because they were unable to take time from work to go sit at a computer or keep hitting redial on a phone for an hour to get their order placed in time. Even though I am a dealer and often sell to non-flippers who missed the boat, it still irks me that larger volume guys like the tv scammers get this stuff in hand the day it debuts and have it already slabbed. Some are more equal than others, it seems. I think that order limits can be a good thing. Gives the smaller guy a chance before all the flippers suck the stuff up. >>

HOW DO THE TV SCAMMERS DO THAT?

telephoto1 · April 8, 2009 7:19AM

<< HOW DO THE TV SCAMMERS DO THAT? >>

Often they will pay the higher rate to next-day slab a few pieces for the purpose of showing on air, then submit the rest 5-day, 7-day...in short, they pre-sell many of them before they're actually slabbed.

Lincoln uncirculated dollar now "sold out"!!! watch what happens now PROOF also sold out/

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Lincoln uncirculated dollar now &quot;sold out&quot;!!! watch what happens now PROOF also sold out/

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Lincoln uncirculated dollar now "sold out"!!! watch what happens now PROOF also sold out/