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Lincoln Cents 1909-S & 1931-S - Fair Price?

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Author Previous TopicReplies: 26 / Views: 2,342Next Topic Page 2 of 2
Bedrock of the Community
United States
20753 Posts
 Posted 08/22/2007  07:21 am  Show Profile   Bookmark this reply Add just carl to your friends list
Absolutely pass on those prices. As I always say, try to find a coin show. I've seen the 31S's for lots, lots less at coin shows. The reason is that back then people hoarded many of them in perfect condition and that is why there are so many 31S coins at low prices in high grades available. Just don't be in a hurry to buy at that price. Also, you did't mention is that is the dealers idea of a grade of are they slabbed and have that grade on the slab. Could also make a difference. F condition could mean a lot of things. Might be Fair, not Fine. Fine also can have many differences pending the dealers idea of Fine. Regardless, pass.
Pillar of the Community
United States
717 Posts
 Posted 08/22/2007  10:20 am  Show Profile   Bookmark this reply Add yechi7 to your friends list
Not slabbed. It's the dealer's evaluation of "Fine." He's a guy I trust, who doesn't overgrade.
Pillar of the Community
United States
717 Posts
 Posted 08/22/2007  10:39 am  Show Profile   Bookmark this reply Add yechi7 to your friends list
quote:
"Bid" is dealer buy price & "ask" is dealer sell price?


I found the answer to my question at the Greysheet website:

"Bid is the amount that one dealer is willing to pay another dealer to purchase a needed coin; Ask is the price a selling dealer is asking for his coins."
Pillar of the Community
United States
974 Posts
 Posted 08/22/2007  11:16 am  Show Profile   Bookmark this reply Add Nelrak to your friends list
For comparison I paid $145 for this 31-S.

Image Insert:
Lincoln-Cents-1909-S-&-1931-S---Fair-Price?


Image Insert:
Lincoln-Cents-1909-S-&-1931-S---Fair-Price?
New Member
United States
6 Posts
 Posted 08/22/2007  7:36 pm  Show Profile   Bookmark this reply Add DJCoins to your friends list
I'd pass. You'll be able to find better deals elsewhere. :)
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United States
936 Posts
 Posted 08/22/2007  7:45 pm  Show Profile   Bookmark this reply Add chrsb to your friends list
Pillar of the Community
United States
717 Posts
 Posted 08/22/2007  9:42 pm  Show Profile   Bookmark this reply Add yechi7 to your friends list
chrsb,

Your photo looks significantly better than the ebay seller's pic.
Pillar of the Community
United States
936 Posts
 Posted 08/22/2007  10:11 pm  Show Profile   Bookmark this reply Add chrsb to your friends list
Dovid,

I took a chance on that one and it worked out, my pic is not photoshopped or enhanced. I like taking chances and finding that hidden gem, sometimes it works out, other times it dosn't.
Pillar of the Community
United States
717 Posts
 Posted 08/23/2007  12:04 am  Show Profile   Bookmark this reply Add yechi7 to your friends list
Nelrak & chrsb,

Beauties! Does your friend have a friend?
Edited by yechi7
08/23/2007 12:05 am
Pillar of the Community
United States
1984 Posts
Valued Member
United States
277 Posts
 Posted 08/23/2007  10:31 am  Show Profile   Bookmark this reply Add Fatcat161 to your friends list
How does the dealers coin look compared to the two posted here?

Fatcat
Pillar of the Community
United States
717 Posts
 Posted 08/23/2007  11:29 am  Show Profile   Bookmark this reply Add yechi7 to your friends list
I'm hoping to see it tomorrow. I've been too busy due to work. I'll let you know.
Bedrock of the Community
United States
20753 Posts
 Posted 08/23/2007  5:39 pm  Show Profile   Bookmark this reply Add just carl to your friends list
He may well be an honest dealer but also, may not know how to properlly grade. Regardless, if you notice the photos of the 31S posted by several people, you would realize that a 31S in great shape is normal. Like I said, many, many were hoaded in that condition back then. Even the superly overpriced Red Book shows that one in MS63 for $140 and at coin shows for much less. An 09S would have to be in at least VF20 to be worth that.
Pillar of the Community
United States
717 Posts
 Posted 08/24/2007  5:15 pm  Show Profile   Bookmark this reply Add yechi7 to your friends list
OOPS! My mistake. I thought he said $125 each & he actually said $112 each. He showed me the Greysheet prices for F & they were $112 each.

Based on the responses here, I decided to hold off on the 1931-S & go for a higher grade like a AU/MS.

When I saw the 1909-S, it was F-VF; I think it was undergraded. My dealer told me he just paid $100 for it from another dealer. I bought it for $110:

https://goccf.com/t/18694

Bedrock of the Community
United States
20753 Posts
 Posted 08/25/2007  11:04 am  Show Profile   Bookmark this reply Add just carl to your friends list

When I saw the 1909-S, it was F-VF; I think it was undergraded. My dealer told me he just paid $100 for it from another dealer. I bought it for $110:
http://www.coincommunity.com/forum/...PIC_ID=18694

Sounds better but post a photo of that coin.
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