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You Vs. PCGS: Matte Proof Lincoln Cent Impulse Buy

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 Posted 04/20/2014  4:16 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list
PR-65!
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United States
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 Posted 04/20/2014  6:47 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list
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 Posted 04/20/2014  7:09 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list
This wheatie is in remarkable condition for being 101 years old.

I don't have any experience with these matte proof coins so I won't even attempt a grade. I'm curious at to what it graded though.

-MV
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United States
10625 Posts
 Posted 04/20/2014  7:26 pm  Show Profile   Bookmark this reply Add dave700x to your friends list
Yeah, I'm not familiar at all with early proof Lincolns either, but I am interested in what it graded today at PCGS versus what ANACS had it. I have to agree with ChereePicker with the old holders being collectible in their own right. I've got a few Morgans in old ANACS and PCGS holders and I'm keeping them right where they are.
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Australia
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 Posted 04/21/2014  06:02 am  Show Profile   Bookmark this reply Add flippy to your friends list
PF65
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United States
373 Posts
 Posted 04/21/2014  4:10 pm  Show Profile   Bookmark this reply Add ProfLiz to your friends list
Thanks, everyone, for the nice comments. And I appreciate the words of wisdom.

I also collect the old ANACS slabs - I have an almost-complete set of Classic Head and Braided Hair Half Cents in the white slabs. On this particular coin, however, I had concerns - not least because I was able to buy it at auction for such a very low price. Not knowing the series well, I wondered what I was missing that the other bidders knew.

Turns out, while I was no doubt missing plenty, ANACS wasn't. They graded it PF64RB, which is the grade PCGS gave it, too.

That's pretty consistent with your grades. Some of you put it a bit higher, but I attribute that to the fact that True View imaging displays every coin at its best!

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4337 Posts
 Posted 04/21/2014  4:49 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list
Do you wish you had it back in the old white slab at the same grade? Although without question, the PCGS name will add its own respective premium, there is just something so cool about those little white fellas that makes me love them every time I see one.

Nice coin all around though and that True View is something else.

Valued Member
United States
373 Posts
 Posted 04/21/2014  9:30 pm  Show Profile   Bookmark this reply Add ProfLiz to your friends list
Well, I'll be honest. On a coin that I will keep forever, I like the white ANACS slabs. To me, they are the most elegant slab design ever. That's why I put together the Half Cent set, even though the coins are redundant with my main Half Cent collection.

But in my experience, the white slabs sell for a bit less than the equivalent coin in the PCGS holder. Plus, they can't go to CAC. So for a coin like this, that I may eventually sell or trade, I will be happy to have it in the PCGS slab.

Plus, of course, I now have the peace of mind that I didn't get "taken." :-)

I don't have it back from PCGS yet, incidentally. This submission is my first that will be in the new PCGS holders, and I am looking forward to seeing the new design.
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23522 Posts
 Posted 04/21/2014  10:19 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
I am constantly amazed at Matte Proof Lincolns. So amazed by this one, in fact, that I neglected to move it into Modern Coins where it technically belongs.

The difference in strike quality between a Lincoln Proof and a Business Strike is easily the largest in numismatics. The strike on this coin is simply staggering.
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United States
373 Posts
 Posted 04/21/2014  11:14 pm  Show Profile   Bookmark this reply Add ProfLiz to your friends list
Oops! Sorry!

I have to confess that my brain didn't even think about the fact that a coin struck 101 years ago is actually a "modern" type!
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 Posted 04/22/2014  01:26 am  Show Profile   Bookmark this reply Add westcoin to your friends list
I thought the scratch might have been on the holder and was a shadow, so PR64RB isn't too bad, I'd thought it might go full red however, it sure looks nice.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Valued Member
United States
373 Posts
 Posted 04/22/2014  09:25 am  Show Profile   Bookmark this reply Add ProfLiz to your friends list
Yeah, the scratch is on the coin, sadly. (Though, of course, much less apparent in hand than in the photo.)

I myself am not quite sure why it is not full red, but two grading services concur that it is RB...
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United States
360 Posts
 Posted 04/22/2014  10:43 am  Show Profile   Bookmark this reply Add j-win to your friends list
Comparing it to pictures from Heritage auctions of other PR64s, it looks a world apart. But of course, they don't use True views on Heritage, and a coin's luster is tricky to gauge from pictures. I also couldn't tell if the scratch was just a "wisp" of toning or indeed a small scratch.

And seeing this coin, which went from a 65 to a 66, maybe it has excellent luster in hand, but the strike doesn't look as sharp as on your coin.
http://coins.ha.com/c/item.zx?saleN...7&lotNo=3898
http://coins.ha.com/c/item.zx?saleN...1&lotNo=3616

edit: didn't realize the PR66 grade was from NGC and not PCGS.

Then again, it could be just the True view picture which makes the strike look so defined... but nonetheless I bet your coin looks superb in hand. Definitely a keeper!
Edited by j-win
04/22/2014 10:47 am
Valued Member
United States
373 Posts
 Posted 04/24/2014  4:51 pm  Show Profile   Bookmark this reply Add ProfLiz to your friends list
Just a quick follow-up. I got this coin back from PCGS today.

Someone had asked if I wished I had kept this coin in the old ANACS slab. Although I really like the old ANACS slabs in general, this coin looks GREAT in the PCGS slab. The white ANACS plastic made the coin look orangier - the clear PCGS plastic seems to give a richer look. Also, the Edgeview holder shows off that cool, thick, squared rim that is so distinctive on the matte proofs.

So I am very happy with the outcome!
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 Posted 04/25/2014  07:02 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
It's a terrific coin, a tremendous strike even for a Proof. It's quality offers a value which transcends the collectability of the slab, and in front of the right audience it'll go at the top of the market for a PF64. This is a serious score at anything like $900 or below.
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