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2010 Lincoln Shield Cent Cent CAC MS-67RD, Trouble With Value.

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machine20's Avatar
United States
1274 Posts
 Posted 05/07/2024  10:31 am  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
I'd just put it on ebay as buy it now. Will be interesting to see what happens. Good luck!
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SaturnD51's Avatar
United States
425 Posts
 Posted 05/19/2024  3:05 pm  Show Profile   Bookmark this reply Add SaturnD51 to your friends list Get a Link to this Reply
Well I just sent the coin with others to Greatcollections and have the starting bid at $600.00. I sure do hope I get some action because I would loike some money for the coin. I have been doing fairly well so far with sending my coins to Greatcollections for auction. I really do not have any rare coins or really high expensive ones but I am enjoying the auction. They have been really nice at the auction and answering any question. The prices they charge for auction are really nice and I am getting a fair amount of bidding so I think it is worth my time. Making some room in my safe for buying more silver rounds lol.
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jbuck's Avatar
United States
187862 Posts
 Posted 05/20/2024  11:28 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Well I just sent the coin with others to Greatcollections and have the starting bid at $600.00...
Good luck!
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goldnugget's Avatar
United States
372 Posts
 Posted 05/23/2024  9:31 pm  Show Profile   Bookmark this reply Add goldnugget to your friends list Get a Link to this Reply
I would just crack it out of the slab and send it to another Grading Service
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United States
876 Posts
 Posted 05/24/2024  7:41 pm  Show Profile   Bookmark this reply Add Dowhat to your friends list Get a Link to this Reply
This post illustrates a perfect example of a point I was trying to make in a recent post here. Investment and trying to profit from Memorial cents is a big gamble. That is quite a price spread. I wish you the best in your endeavor. Got my fingers crossed for ya.
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HGK3's Avatar
United States
572 Posts
 Posted 05/27/2024  2:14 pm  Show Profile   Bookmark this reply Add HGK3 to your friends list Get a Link to this Reply
I strongly suspect all the TPG's use an algorithm to make value determinations and as such the results are skewed to the assumptions and parameters of the algorithm rather than any sort of actual real world data.

PCGS put this coin at $1800 with no sales data from any reliable source? What's the justification for that value, especially since their valuation of 2010 MS66RD is so much lower and in 2008 and 2011 there is no similar price difference?

After they "established" the value at $1800 two ebay sales came in at about $1500, but no other auctions or sales even remotely close to that amount are recorded. No coin valuing company wants to say "I don't know" when it comes to values, but the bigger question is whether they are using their position to create a market at that price or is this just their faulty/incomplete algorithm spitting out it's bad results?

Since they've had this coin at > $1500 for at least 10 years (according to their own site) with no hard sales data to support that value, I'd have to go with either the former or else they so firmly believe in their algorithm (despite the lack of evidence) that they are confident the market will catch up to them.
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SaturnD51's Avatar
United States
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 Posted 05/27/2024  8:18 pm  Show Profile   Bookmark this reply Add SaturnD51 to your friends list Get a Link to this Reply
I guess it just boils down to the old saying, " It's only worth what someone will pay for it." I guess that is what the coin is worth.
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BadThad's Avatar
United States
19935 Posts
 Posted 05/27/2024  11:45 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
I strongly suspect all the TPG's use an algorithm to make value determinations and as such the results are skewed to the assumptions and parameters of the algorithm rather than any sort of actual real world data.


I recall hearing David Hall say he was the one that set the prices. They'd feed him the data and he'd ultimately decide. He's not the president of PCGS any longer though - I still suspect it's somewhat automated in the data collection but a human makes the final decision.
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BadThad's Avatar
United States
19935 Posts
 Posted 05/27/2024  11:51 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
PCGS put this coin at $1800 with no sales data from any reliable source? What's the justification for that value, especially since their valuation of 2010 MS66RD is so much lower and in 2008 and 2011 there is no similar price difference?

After they "established" the value at $1800 two ebay sales came in at about $1500, but no other auctions or sales even remotely close to that amount are recorded. No coin valuing company wants to say "I don't know" when it comes to values, but the bigger question is whether they are using their position to create a market at that price or is this just their faulty/incomplete algorithm spitting out it's bad results?


If you were to inquire and get a straight answer, they would just say "dealer data". They track everything they can, they're like google. And where there is no public trail, they may have proprietary data.

Keep in mind, PCGS openly admits, they BUY their coins on the open market. I suspect they often make the market by gambling on some top-pop coins ---- which simultaneously rigs the market by skewing prices upward.
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Edited by BadThad
05/27/2024 11:53 pm
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John1's Avatar
United States
56855 Posts
 Posted 05/28/2024  04:16 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply

Quote:
Keep in mind, PCGS openly admits, they BUY their coins on the open market. I suspect they often make the market by gambling on some top-pop coins ---- which simultaneously rigs the market by skewing prices upward.


John1
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SaturnD51's Avatar
United States
425 Posts
 Posted 05/31/2024  7:19 pm  Show Profile   Bookmark this reply Add SaturnD51 to your friends list Get a Link to this Reply
Ok everyone my coin goes to auction in about a week. So everyone has to go and bid on it. Those are the new community rules John1 told me about.
Edited by SaturnD51
05/31/2024 7:20 pm
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Moniker's Avatar
Sweden
1815 Posts
 Posted 06/01/2024  02:22 am  Show Profile   Bookmark this reply Add Moniker to your friends list Get a Link to this Reply

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Ok everyone my coin goes to auction in about a week. So everyone has to go and bid on it. Those are the new community rules John1 told me about.


I hope you get a great result at auction
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jbuck's Avatar
United States
187862 Posts
 Posted 06/03/2024  11:10 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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Ok everyone my coin goes to auction in about a week.
Good luck!
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BadThad's Avatar
United States
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 Posted 06/03/2024  6:11 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Good Luck!!!
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 Posted 06/08/2024  12:50 pm  Show Profile   Bookmark this reply Add manosgerms to your friends list Get a Link to this Reply
There is always a disconnect for these very new coins that are business strikes

The reality is that there will be for sure many thousands of this coin in that condition its just they haven't been graded.

So to me, paying anything close to 1000 for such a thing is madness.

There are SOME business strikes where it has become clear over time that there are very few coins in good condition - one example is the kiribati 5 dollars business strike from 79 where it seems like most coins develop surface hairlines over time

BUT looking at the above example the number of coins even minted is less than 2000 in total, and they were silver which means that some were probably melted in the last two silver bubbles , and finallly they have been around for almost half a century

This coin whilst being US (and therefore far more collectors) has had 2 billion minted and most US collectors will have at least a couple of BU rolls in their collections - I do and I am not even a serious US collector of new coins at any rate. You can literally buy them for 2.5 dollars a roll for BU

Now at 2.5 dollars a roll, if an MS67RD is worth 50 USD, that implies that there is a 5% chance of getting one in any given roll. However given the quality of coins minted today, I would be shocked if there wasn't one every 2 rolls or even more.
Of course there is the cost of getting it graded etc but honestly at current priced I would not rate even the top pop coins

One thing people could do to check is simply take 5 coins at random from a BU roll and have them graded and see what distribution you get.

Regardless my view, and of course it is just a view, is that the NGC price is if anything high

By the way, I did this sort of test on a bunch of Japanese coins from the 80s that I had. Someone on ebay was selling top pcgs grade stuff at around 100 bucks for the 500 yen for example.
I sent in a few examples from the non mint authorized business strike sets that got sold a couple of decades ago, and I managed to get a top pop for every type that I sent in. And these were much older circulated coins (from the 80s)with the 500 yen from 87 having only a 2.5 million mintage.
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