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Price of Lincoln collector sets seems to be going up
Bear
Posts: 18,953 ✭✭✭
By my rough average, shows a pop after the sell out date.
10/21.....143
10/22.....153
10/23.....180
10/21.....143
10/22.....153
10/23.....180
There once was a place called
Camelot
Camelot
0
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Camelot
.......next week the bay will be VERY BUSY!
<< <i>At this rate of rise, the set will be worth at least $2634 this time next week. >>
Hmmm, then maybe I'll sell --- but if I wait another week, it'll be up to nearly a half a million bucks!!!
60 years into this hobby and I'm still working on my Lincoln set!
make them a seal?
Camelot
<< <i>By my rough average, shows a pop after the sell out date.
10/21.....143
10/22.....153
10/23.....180 >>
I expect $300 or more by Thanksgiving and close to $400 by Christmas. The limit one per household is really going to help this set fly.
<< <i>
<< <i>By my rough average, shows a pop after the sell out date.
10/21.....143
10/22.....153
10/23.....180 >>
I expect $300 or more by Thanksgiving and close to $400 by Christmas. The limit one per household is really going to help this set fly. >>
I agree. I see the wings growing out from the side of the box, even as I speak!
over 220 by Christmas.
Then a return to 120 - 140.
The set is nice, the packaging
is indeed of value, but the coins
within are not rare.
Camelot
<< <i>
<< <i>By my rough average, shows a pop after the sell out date.
10/21.....143
10/22.....153
10/23.....180 >>
I expect $300 or more by Thanksgiving and close to $400 by Christmas. The limit one per household is really going to help this set fly. >>
Then you should be all over the one on the BST for $150. it's not every day that you can double your money in a month!
I would be in the market but am maxed out at this point. I have 4 coming now and really can't afford any more.
Great chance to make some money though.
Realistically, what should we do with these sets? I'm guessing it should be flipped at the
prices you all are talking about. After all, as Bear points out, there's no NEW coins in this set.
commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
-------------------------
<< <i>If one has flippers, does that
make them a seal? >>
No just slimey with foul smelling breath!
Fred, Las Vegas, NV
I never got that close to a seal to smell his breath.
I know a quite a few of SEALS; their breath usually smells like BEER!
WS
the more faster down.
Camelot
<< <i>If one has flippers, does that
make them a seal? >>
They could be a Flounder
<< <i>Curious...MS 68 Satin 8 coin sets last week $250+ this week, $125....Everybody must be banking on the MS 69..OR a Crap load of Satin coins have been submitted driving the price to the dirt.
WS >>
I know...I was selling them just fine by myself.....Then all of the boys came out to play!
It's just the way it is....I think the prices could have supported a lot more but everyone is coming in at a lower price.....
Then..OH, I can beat that guy!.....Oh, Drop them like that...I'll Show him.....
You get the picture.
The market never changed, just the dealers pricing moved all over the place.
Gardnerville, NV
=========================
Our Website -->Innovation, Native & Presidential Dollar Errors, Lincoln Cents and more
Check it out --> Our eBay Auctions
<< <i>So I lucked out and the Mint says they shipped me one. (I was on the waiting list initially).
Realistically, what should we do with these sets? I'm guessing it should be flipped at the
prices you all are talking about. After all, as Bear points out, there's no NEW coins in this set. >>
How would these compare with say the 1999 Silver Proof set? I can't recall the details of why that set stayed high but I believe it did have an ordering limit which kept it mostly in the hands of collectors vs in dealers inventories.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
What was your order number? The mint either caught alot of people ordering more than one and canceled a boat load of orders, or they put together more than 50K sets.
What was your order number? The mint either caught alot of people ordering more than one and canceled a boat load of orders, or they put together more than 50K sets.
My order # was 33238XXX..frankly, I was surprised to receive the e-mail from the Mint saying it was shipped. I almost bought one last Sunday on ebay for $160. I'm glad now I didn't.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>...truth be told, many people paying big bucks last weekend on ebay for pre-sale auctions could have ordered a set from the Mint at the purchase price and gotten one. I ordered mine on October 18, and it was shipped out yesterday. >>
Some people wanted more than one. They did order one from the mint, and then bought others on ebay.
Some people wanted more than one. They did order one from the mint, and then bought others on ebay.
I'd bet that many of those buyers bought sets on ebay figuring there was no way they'd get one from the Mint, once the waiting list went up. In any case, it is very unusual, IMO, for all these waiting list orders to be processed so quickly...every other time I've been on a waiting list for a Mint product, I waited amonth only to get a cancellation notice. If all the units were sold out by last weekend, how can the Mint possibly be fulfilling orders like mine that were place two days after that?? Did they cancel thousands of orders on their end? Or are they producing more units than stated?
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Wondercoin
does anyone have an estimate of how many shipped so far?
<< <i>In any case, it is very unusual, IMO, for all these waiting list orders to be processed so quickly...every other time I've been on a waiting list for a Mint product, I waited amonth only to get a cancellation notice. If all the units were sold out by last weekend, how can the Mint possibly be fulfilling orders like mine that were place two days after that?? Did they cancel thousands of orders on their end? Or are they producing more units than stated? >>
My guess is many people placed multiple orders which were subsequently cancelled, thereby making room for those on the waiting list.
Yes, he was looking for a tight seal. He must have had a lot of leftovers from the Lincoln Coin and Chronicles Set (LN6) party.
Grote15: 33238000
1st order: 33159000
They took about 79,000 orders; does that mean a lot of people got canceled or there were alot of none LN6 orders?
<< <i>They took about 79,000 orders; does that mean a lot of people got canceled or there were alot of none LN6 orders? >>
I think a lot of people didn't pay attention to the one-per-household limit and attempted to order multiple sets without the charade of separate accounts, credit cards, and different billing/shipping addresses.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>
<< <i>They took about 79,000 orders; does that mean a lot of people got canceled or there were alot of none LN6 orders? >>
I think a lot of people didn't pay attention to the one-per-household limit and attempted to order multiple sets without the charade of separate accounts, credit cards, and different billing/shipping addresses. >>
I think quite a few are on the waiting list in case of cancellations or returns.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I think a lot of people didn't pay attention to the one-per-household limit and attempted to order multiple sets without the charade of separate accounts, credit cards, and different billing/shipping addresses. >>
The website wouldn't let you complete your order if you had two of them in your cart. I had two different browsers open trying to get one of them to finish the process and as a result I had two in my cart and it told me I had to remove one.
Just listed mine 3 hours ago and already am only $4 away from my costs. I don't even have the set in my possession yet but I did get the email it has shipped...
- Jim
<< <i>.......next week the bay will be VERY BUSY!
Duh!
We're so stupid!
We need to get eBay to contact the US Mint with a plea to mint up some 2009-W Proof and Uncirculated SAE's!
The name is LEE!
I think we are very smart sometimes if we can figure a way to obtain 4 0r 5 of these coin sets cheap.
<< <i>I believe it will always carry a premium just like the Mint Wrapped LP1s. >>
The big difference here is that mint wrapped means "unseen/unsearched" as in OBW whereas the coins in the Lincoln Sets are easily seen for what they are.
<< <i>I'm sure some of the 50,000 will be cracked out for submissions, which makes the original set even more scarce. >>
Why on earth would anybody "crack" these out since the exact same coins are available outside the set, ready for grading?
<< <i>Not to mention any other possible scenario that may happen to an unlucky fellow (water damage of some sort, kids getting a hold of it somewhow etc- yeah it seems unlikely but I'm sure something along those lines will happen to someone) >>
Logic like this is what is fueling the current craziness but it still does not change the reality of the set. Not a single unique coin exists in the set and this is what will eventually bring the prices down. Once the demand is filled, the prices will recede as there is absolutely nothing rare or unique about this one, just an assemblage of proof coins in a different wrapper.
The name is LEE!
<< <i>If I were a LN6 set reading through this thread, I would burst into tears about now, realizing I was nothing more than an object to be casually flipped under the eBay bus by most of you; unloved for the real me, my essence, beauty, background, or personality, but only for what you can get out of me!
Don't worry, the LN6 will feel loved by the ebay buyer. It should be flattered that they are willing to pay so much.
<< <i>
<< <i>So I lucked out and the Mint says they shipped me one. (I was on the waiting list initially).
Realistically, what should we do with these sets? I'm guessing it should be flipped at the
prices you all are talking about. After all, as Bear points out, there's no NEW coins in this set. >>
How would these compare with say the 1999 Silver Proof set? I can't recall the details of why that set stayed high but I believe it did have an ordering limit which kept it mostly in the hands of collectors vs in dealers inventories. >>
No comparison at all since the coins in the 1999 Silver Proofs sets were ONLY available in those sets. The Lincoln Coin & Chronicles sets has the Lincoln Commemorative Proof (which was initially available on 2/12/2009) and 4 Lincoln Proof cents (which were initially available on 6/1/2009).
The 1999 Silver Proof sets went on sale in 1999 at a much higher price than their non-silver counterparts and was essentially a new product. Lots of folks ordered only the minimum amounts to satisfy their specific needs. The set was again offered as a two-set package in 2001 (one 1999 SPS and one 2000 SPS) but the sets had been stored in a really bad location and received a lot of corrosive damage. Many were returned and subsequently destroyed by the mint as unsellable. The mint also received a lot of flack regarding selling proof sets "off-year" but the net result was that there just were not that many 1999 Silver Proofs Sets sold to either dealers of the public. Once that was realized, then a buying wave began building and the sets were commanding as much as $450 each. That wave has ended but there is still a hefty premium attached to the 1999's.
The name is LEE!
<< <i>
<< <i>I believe it will always carry a premium just like the Mint Wrapped LP1s. >>
The big difference here is that mint wrapped means "unseen/unsearched" as in OBW whereas the coins in the Lincoln Sets are easily seen for what they are.
<< <i>I'm sure some of the 50,000 will be cracked out for submissions, which makes the original set even more scarce. >>
Why on earth would anybody "crack" these out since the exact same coins are available outside the set, ready for grading?
<< <i>Not to mention any other possible scenario that may happen to an unlucky fellow (water damage of some sort, kids getting a hold of it somewhow etc- yeah it seems unlikely but I'm sure something along those lines will happen to someone) >>
Logic like this is what is fueling the current craziness but it still does not change the reality of the set. Not a single unique coin exists in the set and this is what will eventually bring the prices down. Once the demand is filled, the prices will recede as there is absolutely nothing rare or unique about this one, just an assemblage of proof coins in a different wrapper. >>
There is still a lot of Lincoln lovers out there that will buy this set.
With my luck, I will get the set after the hype dies down and will only be able to flip it for a semi-Obsene Profit.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>
<< <i>
<< <i>I believe it will always carry a premium just like the Mint Wrapped LP1s. >>
The big difference here is that mint wrapped means "unseen/unsearched" as in OBW whereas the coins in the Lincoln Sets are easily seen for what they are.
<< <i>I'm sure some of the 50,000 will be cracked out for submissions, which makes the original set even more scarce. >>
Why on earth would anybody "crack" these out since the exact same coins are available outside the set, ready for grading?
<< <i>Not to mention any other possible scenario that may happen to an unlucky fellow (water damage of some sort, kids getting a hold of it somewhow etc- yeah it seems unlikely but I'm sure something along those lines will happen to someone) >>
Logic like this is what is fueling the current craziness but it still does not change the reality of the set. Not a single unique coin exists in the set and this is what will eventually bring the prices down. Once the demand is filled, the prices will recede as there is absolutely nothing rare or unique about this one, just an assemblage of proof coins in a different wrapper. >>
There is still a lot of Lincoln lovers out there that will buy this set. >>
If you are referring to Lincol Cent collectors, I just do not buy this argument since the set will not fit into a Dansco or even a Whitman and has absolutely no place in any Lincoln Coin collection. Its just a purty package with a lot of hype attached to it.
The name is LEE!
<< <i>
<< <i>
<< <i>
<< <i>I believe it will always carry a premium just like the Mint Wrapped LP1s. >>
The big difference here is that mint wrapped means "unseen/unsearched" as in OBW whereas the coins in the Lincoln Sets are easily seen for what they are.
<< <i>I'm sure some of the 50,000 will be cracked out for submissions, which makes the original set even more scarce. >>
Why on earth would anybody "crack" these out since the exact same coins are available outside the set, ready for grading?
<< <i>Not to mention any other possible scenario that may happen to an unlucky fellow (water damage of some sort, kids getting a hold of it somewhow etc- yeah it seems unlikely but I'm sure something along those lines will happen to someone) >>
Logic like this is what is fueling the current craziness but it still does not change the reality of the set. Not a single unique coin exists in the set and this is what will eventually bring the prices down. Once the demand is filled, the prices will recede as there is absolutely nothing rare or unique about this one, just an assemblage of proof coins in a different wrapper. >>
There is still a lot of Lincoln lovers out there that will buy this set. >>
If you are referring to Lincol Cent collectors, I just do not buy this argument since the set will not fit into a Dansco or even a Whitman and has absolutely no place in any Lincoln Coin collection. Its just a purty package with a lot of hype attached to it. >>
I am referring to the Lincoln cent collectors and I believe they will want to have even though they will not fit into the Dansco or Whitman albums.
<< <i>
<< <i>
<< <i>So I lucked out and the Mint says they shipped me one. (I was on the waiting list initially).
Realistically, what should we do with these sets? I'm guessing it should be flipped at the
prices you all are talking about. After all, as Bear points out, there's no NEW coins in this set. >>
How would these compare with say the 1999 Silver Proof set? I can't recall the details of why that set stayed high but I believe it did have an ordering limit which kept it mostly in the hands of collectors vs in dealers inventories. >>
No comparison at all since the coins in the 1999 Silver Proofs sets were ONLY available in those sets. The Lincoln Coin & Chronicles sets has the Lincoln Commemorative Proof (which was initially available on 2/12/2009) and 4 Lincoln Proof cents (which were initially available on 6/1/2009).
The 1999 Silver Proof sets went on sale in 1999 at a much higher price than their non-silver counterparts and was essentially a new product. Lots of folks ordered only the minimum amounts to satisfy their specific needs. The set was again offered as a two-set package in 2001 (one 1999 SPS and one 2000 SPS) but the sets had been stored in a really bad location and received a lot of corrosive damage. Many were returned and subsequently destroyed by the mint as unsellable. The mint also received a lot of flack regarding selling proof sets "off-year" but the net result was that there just were not that many 1999 Silver Proofs Sets sold to either dealers of the public. Once that was realized, then a buying wave began building and the sets were commanding as much as $450 each. That wave has ended but there is still a hefty premium attached to the 1999's. >>
19lyds thanks for the info, very informative!