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Replies: 120 / Views: 7,596 |
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Pillar of the Community
 United States
1965 Posts |
Thanks for posting the link, Bret. I see Set #232 ( with the dies ) has already hit $170K. I think my guesstimates will be way off. . .
" Even a clock that's stopped is right twice a day. "
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Moderator
 United States
95740 Posts |
I can only dream of getting a set 
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Pillar of the Community
United States
3174 Posts |
Hmm, where did I put my Greek alphabet steel punch set?  
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Pillar of the Community
United States
3174 Posts |
The 24-Karat Gold Burnished Cent weighs 6.03 grams, or 0.213 troy ounce.
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New Member
United States
40 Posts |
As with most I started out and still a pocket change collector. My Dad had gotten me started and not being rich enough I have a few holes in my collection. I will have to just add this to my list of "I will NEVER have"
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Pillar of the Community
United States
2202 Posts |
Quote:Interesting that we are going to have 232 99.9% gold Philly mint cents. No Lincoln Cent collection will ever be complete without one of them If that's what the mint wants me to think, they've got another thing coming. My complete Lincoln collection contains just regular circulation issues housed in blue Whitman albums, thank you.
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Pillar of the Community
 United States
4591 Posts |
I guarantee you that the mint doesn't think about "ordinary" collectors, not with the garbage they've been putting out for the last 20 years...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Moderator
 United States
54280 Posts |
I'm going to add to my list of (historically wrong) predictions:
In two years you can get a set for under $10,000
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Moderator
 United States
188213 Posts |
Quote: I'm going to add to my list of (historically wrong) predictions: In two years you can get a set for under $10,000 And adjusted for inflation. 
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Moderator
 United States
95740 Posts |
Quote: I'm going to add to my list of (historically wrong) predictions: In two years you can get a set for under $10,000 Due to lack of interest... 
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Pillar of the Community
United States
634 Posts |
Destroys the drive to have a complete collection.
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Moderator
 United States
188213 Posts |
Quote: Destroys the drive to have a complete collection. Yes. 
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Pillar of the Community
United States
3643 Posts |
Just a couple questions about these overly-expensive items.
By statute, the specifications for a cent are "a one-cent coin that is 0.75 inch in diameter and weighs 3.11 grams" with a further provision that "The Secretary may prescribe the weight and the composition of copper and zinc in the alloy of the one-cent coin that the Secretary decides are appropriate when the Secretary decides that a different weight and alloy of copper and zinc are necessary to ensure an adequate supply of one-cent coins to meet the needs of the United States." The design provisions include the option to back-date coins: "The coins have an inscription of the year of minting or issuance. However, to prevent or alleviate a shortage of a denomination, the Secretary may inscribe coins of the denomination with the year that was last inscribed on coins of the denomination." Gold coins are authorized, but only for five, ten, twenty-five, and fifty dollar denominations. That is in 31 U.S.C. Section 5112.
First, the gold item in that set doesn't comply with the statute. Does that make it a medal? It can't be NCLT.
Second, what happens to the value of these coins if the next President issues an order to resume production of Lincoln Shield Cents? Also, what if some of the new coins are backdated to 2025?
EDIT: The same statute says that the Secretary of the Treasury can determine designs for the coins, within some guidelines in the statute. Nothing requires or prohibits privy-marked coins. What if the resumed coins were all Omega privy-marked?
Edited by fortcollins 12/03/2025 1:17 pm
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Moderator
 United States
188213 Posts |
Quote: the next President issues an order to resume production of Lincoln Shield Cents? I guarantee you that is not going to happen. By 2029, no one who cared will mind and no one who minds will care.
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Pillar of the Community
United States
3174 Posts |
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Replies: 120 / Views: 7,596 |