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 Replies: 33 / Views: 7,321 |
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Pillar of the Community
United States
6326 Posts |
Quote:
FUZZY ...... The online dealer I used still shows a 2009 Lincoln Chronicle BU set in two 3x5 holders (P&D) for $9.95 + s&h.
$10.00 ? ....  "BU"....? .... I don't understand THAT ! The " Proof" Lincoln Silver Dollar in this Set is worth MORE than spot price on any given day. So you've got at LEAST $35.00 right there. And the four "Proof" Copper Cents are NOT BU.....they are "PROOF". There is nothing "BU" about this Set whatsoever, so that's just very confusing ! I could see the 4 Proof Copper Cents being worth at least $10.00. So, I would think that you must be referring to Two 3 x 5 BU Lincoln Copper Sets. And these would be Denver Mints & Philly Mints. And these are going for around $10.00, and would certainly be BU. But these COULD NOT BE from the Lincoln Coin & Chronicles Set......no BU (uncirculated) coins in there at all. Edited by eaglefoot
11/06/2011 07:19 am
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Moderator
 United States
14463 Posts |
guess I didn't understand what the Lincoln Chronicles Set was referring to. Disregard my post.
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Pillar of the Community
United States
2335 Posts |
Quote:
It is still a good profit for anyone wanting to sell theirs (I am not one of those people, I bought it for keeps).
Sure, there are those that made a lot more flipping it during the first few months, but still being able to double or triple your money is nothing to scoff at. I'm not scoffing at a nice double. It's just been my experience that there is a feeding frenzy when these modern sets come out followed by a significant drop in price. There are a lot of people that talk about these items as an investment. What most fail to realize is that if they bought from the mint with the idea that it would be an investment they succeeded as soon as they purchased. Holding the item for any length of time diminishes the % profit of their investment. From an investment standpoint the items should be sold at the height of the frenzy. I understand that many people buy modern sets strictly from a collector standpoint. Their best bet is obviously to buy direct from the mint. Failing that they should wait until the frenzy subsides & prices stabilize at a lower level. |
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Pillar of the Community
United States
6326 Posts |
I think some of us are just in that "grey area".....first and foremost, we're "collectors" NOT "investors". But, it makes us feel good that something we have remains valuable or semi-valuable for years to come. And that's a tricky thing with Ultra Modern coins/sets. Most of the time they fall to "below" original issue price in time. So it's just a "big deal".......if it's above that for whatever amount of time. But for Ultra Modern "collectors"..... we don't just collect for "ourselves".....it's also for our young kids to have when they grow up or if times got rough........whatever. It isn't important that we didn't "flip" during the feeding frenzy on ebay when the time was good for the best profits, but moreso that it "retains" a certain level well above original issue price, at least. Obviously "Classic" coins are better in most all regards with this.....but when you love Ultra Modern "too"....... You gotta do what ya gotta do........and then you close your eyes and just HOPE ! .....  Edited by eaglefoot
11/07/2011 11:33 am
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Moderator
United States
188952 Posts |
Quote:
There are a lot of people that talk about these items as an investment. What most fail to realize is that if they bought from the mint with the idea that it would be an investment they succeeded as soon as they purchased. Holding the item for any length of time diminishes the % profit of their investment. From an investment standpoint the items should be sold at the height of the frenzy. I will revise my position to say that they are still doing good, but had done much better in the past.  Quote:
I understand that many people buy modern sets strictly from a collector standpoint. Their best bet is obviously to buy direct from the mint. Failing that they should wait until the frenzy subsides & prices stabilize at a lower level. I agree.  |
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Pillar of the Community
United States
1745 Posts |
Yes, I agree the height of the frenzy is over. When released, I bought two and sold one for double the price, so the one I kept was essentially free. Free is always good.
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Pillar of the Community
United Kingdom
1682 Posts |
I do think this set is special since it celebrate the 200th anniversary of Abraham Lincoln's birth. So I bought one for that fact, not as investment but knowing 50K made is nice for long term value. Unlike the ASE set, they did a 20th and now a 25th. What next the 30th? |
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Pillar of the Community
United States
7840 Posts |
Would not be surprised with a 30th Anniversary ASE set. |
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Pillar of the Community
United States
2150 Posts |
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Pillar of the Community
United States
6326 Posts |
Hey guys.....we're talking about the United States Mint here ! You KNOW there's going to be a "Reverse Proof" AT LEAST every 5 years now ! ......  They will take something "special" (which is a rare thing for them to do in the first place) and OVER-produce it in time on such a MASS level that it will reduce their value horrifically......but they'll count their profits all the way to the "bank" so to speak....no pun intended ! In "my" lifetime...... I suspect that I'll see at least 8 more Reverse Proofs .....  |
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Pillar of the Community
United States
5618 Posts |
Overall this set is special, the packaging is sweet and the set has a great spot in my collection. I also have the dollar in unc and proof, and the cents in the proof sets and the mint sets too. I do think if they did something special, above the production of the set, things would have another attraction to make/keep the set more special........PS, 1st and foremost a collector, I agree there is a special feeling seeing any coins or sets go up in value when you know you have it in your collection.....
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Pillar of the Community
United States
7629 Posts |
Quote:There is one significant problem with these wants of zinc proofs, W mintmarks, Wheat cent reverse, or gold composition- they all would have required Congressional legislation. The Lincoln Bicentennial legislation specifically authorized collector versions to be minted in the original bronze composition but it did not allow for all the other scenarios. Since the US Mint is not allowed to make unilateral decisions regarding design and composition changes, the other ideas never had a chance of happening. But it 'could' have happened if their heads weren't stuck where the sun doesn't shine when they were making their 'decisions'. I think they need more collectors in the chain of decisions. More people to keep the officials clear on what they should and should not do. |
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Moderator
United States
188952 Posts |
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I think they need more collectors in the chain of decisions. More people to keep the officials clear on what they should and should not do. I agree. There would be a lot less to complain about. However, not all of the complaints would end, given how we (the collectors) disagree at times. |
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Pillar of the Community
2224 Posts |
Although the ASE 25th set package is nice, in alot of respects the Linc Chron packaging is much nicer to my eye. |
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Bedrock of the Community
United States
20753 Posts |
Just as with a new car, prices drop sometimes. Ever notice how a new restaurant is packed with people and a few months later almost empty. Don't forget the 2009 coins are still basically new. Only a few years old so the real price will be what it is in a few more years. Many coins start out high, drop a bit, sometimes continue to drop, others go up, up, up. In 1957 who would have ever thought a Chevy Convert would be worth 50 times what it is selling for. Coins too are like that. IF popular, the price goes up. IF not, the price goes down. And now to go back an count my Beanie Babies.  |
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Replies: 33 / Views: 7,321 |
First Page
Posted 11/06/2011 07:27 am
