Are Lincoln Proofs Undervalued? - Coin Community Forum

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Replies: 6 / Views: 1,225

BadThad

Bedrock of the Community

United States

19976 Posts

Posted 10/31/2007 11:03 pm

Poll Question
What do you think? Especially considering the mintage numbers of the early series?

Results

YES, undervalued	55%	16 Votes
NO, overpriced	14%	4 Votes
NEUTRAL, priced right	24%	7 Votes
I don't care, I hate Lincoln cents.	7%	2 Votes

Poll Status: Locked
Total Votes: 29 Counted
Last Vote: 11/06/2007 11:45 am

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edsmyboy

New Member

United States

10 Posts

Posted 11/01/2007 3:11 pm

I do believe they are way undervalued. The highest mintage (1913) is 2848 and the lowest (1909 VDB) is 420. The total mintage of the whole run is a miniscule 15,314! Add to these low numbers the fact that they resemble mint state Lincolns and most were probably spent, make matte proofs a steal at these levels.

In the interest of full disclosure I do own a complete set.

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Metalman

Pillar of the Community

United States

7123 Posts

Posted 11/02/2007 1:15 pm

I voted undervalued ,,and I hope they stay that way for awhile yet .

From my experiance there is a definite lag in pricing on the Lincoln proofs and not just the older matte proofs but across the board .

One day they will adjust .

Metalman

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BadThad

Bedrock of the Community

United States

19976 Posts

Posted 11/03/2007 01:37 am

Here's a great example:

1931D Mintage 4,480,000
$68.77

http://cgi.ebay.com/ws/eBayISAPI.dl...DW:IT&ih=018

1938 Proof Mintage 14,734
$56

http://cgi.ebay.com/ws/eBayISAPI.dl...DW:IT&ih=015

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BadThad

Bedrock of the Community

United States

19976 Posts

Posted 11/03/2007 4:47 pm

What? Nobody is going to challenge me with the "conditional rarity" argument? hehehehe

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Metalman

Pillar of the Community

United States

7123 Posts

Posted 11/03/2007 7:20 pm

Im not !

Metalman

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BadThad

Bedrock of the Community

United States

19976 Posts

Posted 11/03/2007 8:02 pm

I think I proved my point....and that's just ONE example. I could show many, many more!

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