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 Replies: 61 / Views: 23,050 |
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Pillar of the Community
United States
4791 Posts |
All right, I know that many (most?) collectors would never purchase a complete collection of Lincoln cents assembled by somebody else, preferring the thrill of the hunt (even if it takes years or even decades). For me, though, it's less about the thrill of the hunt and more more about holding the history in my hands and being able to look at it (as the owner, of course). So I started drooling uncontrollably when I saw the following set up for sale on APMEX last night: *COMPLETE* Lincoln Cent Collection in Dansco 1909-2009-P,D,SHere's the product description: Quote:For the first time ever APMEX is offering a complete set of Lincoln Cents from 1909-2009 which INCLUDE the: 1909-S, 1909-S VDB in Extra Fine, 1914-D, 1922 plain in Very Good, 1931-S, 1970-S Small Date Variety. Housed in a Deluxe Dansco Album containing 300 coins -- all range in grade from good or better through 1958. 1959 to date are all Brilliant Uncirculated with Proofs beginning in 1975. This set also includes the 1960 Small Date and all 7 varieties in 1982 and all 12 varieties in 2009 commemorative cents commemorating the 200th anniversary of Abraham Lincoln's birth and the 100th anniversary of the Lincoln Cent.. Your Deluxe Dansco Album Set also includes pages through 2016. Get your set now and be one of the first to own a piece of history as 2008 was the last year of the Lincoln Memorial! Many are predicting a renewed interest in the set thus enflaming [sic] the market and making these sets go up in value as the demand exceeds the supply! What initially caught my eye, of course, was the 1909-S VDB in Extra Fine (which Numismedia currently has at $1,230.00). But there are other really nice coins in the set as well. Plus, APMEX is a company I trust to grade accurately and not send any fakes. It's not as good as getting slabbed coins, but I still trust them. Anyway, long story short, I had a heart-to-heart discussion with my wife and we decided to buy the set. It was less than I recently paid for 1 100-0unce silver bar and is just as much a valid investment as far as I'm concerned (perhaps even better if silver prices end up dropping in the long run). The price was probably "too high" if I compared it with the cost of buying each coin individually, but (a) I trust APMEX as I mentioned before and (b) the time and effort saved by not having to purchase the coins separately is worth a lot to me. I'll tell how much I paid for the set later, but I'd love to first hear how much other people would value such a set at. Again, I realize many collectors would never actually buy such a set in the first place, but how much do you think a "fair" price would be? |
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Pillar of the Community
United States
2651 Posts |
I don't think there is anything wrong with it at all. Some people do this hobby for fun...some collect as an investment...some (like me) collect cause its a fun investment! I'm not even gonna guess a price cause I am fairly new to the hobby. My Cent collection is about 1934-Present all in MS....below the 1934 coins is where they start getting pricey in MS condition. This is gonna be a decade for me to complete. Congrats on your purchase.
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Pillar of the Community
United States
4362 Posts |
I wish APMEX would post large images of the album coin pages, its hard for me to digest by just their words, as one man interpretation of Fine condition would be Good to very good to someone else. There's nothing wrong with buying complete sets, dealers do it all the time. I see collectors bring in album(s) to local show and get it apprise to what the dealer willing to pay. Barry, please let us know when you get it and what you think APMEX grades. |
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Pillar of the Community
United States
3462 Posts |
Hi, barryg,
Your post got me to thinking...
I have a complete collection of Lincoln Wheat Cents.
No 1922 plain nor 1955 double die.
It was up for sale in 2011, but the dealer had already bought some other coins from me and was tapped out of cash.
We missed bumping into each other in May of 2012.
Funny thing, I got back from the show and there was a phone message:
Did I still have the set?
Well, a sale to this dealer could fund my trip next month and leave
some extra to pay some bills.
I tried to link to the address that you gave but no luck. Will try again.
To buy a complete set and to sell a complete set represent the two ends of a coin collecting career.
It ain't easy to sell.
But a time comes when it makes sense. And should be done.
Much happiness with your purchase.
Matthew
Brother, can you spare a "BARBER" dime?
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Pillar of the Community
United States
3268 Posts |
The value is so dependent on the grades, to state the obvious.
I would guess most of the semi keys will be G, since they tell you the svdb is ef.
Also very important the 22 plain is the correct die pair, lots of the weak d coins have no visible d,
the price difference is 4-5 hundred. Any way the set has got to go $2,400-$3,000 unless a lot of the coins are a mess.
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Pillar of the Community
United States
4791 Posts |
Thanks, guys! I may have forgotten to mention, but APMEX only had one of these in stock, which is why I pounced on it. I paid $2,695.00 for the set, which seems to be in line with the price range that upstate provided, albeit a bit on the high side. As I said, I'm sure I could have purchased the individual coins or perhaps even a full set cheaper elsewhere , but I trust APMEX having purchased numerous raw coins from them in the past. Hopefully, I'll have the coins in hand in a few days and will try to post photos of some of the key date coins. |
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Pillar of the Community
United States
2548 Posts |
Congrats and you really can't go wrong with the 09S VDB coin in EF. That coin will forever be in high deman and put lots of upward pressure on the price, which will lead to your whole set increasing in price over time. I hope the key dates are graded correctly.
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Moderator
United States
94382 Posts |
Quote:
It was less than I recently paid for 1 100-0unce silver bar and is just as much a valid investment as far as I'm concerned Sounds completely logical to me. I am not an investor, but given that same choice, I know which one I would want. 
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Pillar of the Community
United States
3462 Posts |
Yes, completely logical.
I would offer my collection as follows:
1909-s vdb Anacs VF 20.
1914-D - Anacs VG 8.
1909-s -- maybe a fine
1915 - a XF as it has luster.
1931-S - at least a fine if not VF.
Just want to get rid of it, but not a fool be I.
Should I even bother to post it here for sale?
Brother, can you spare a "BARBER" dime?
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Bedrock of the Community
Canada
10742 Posts |
Quote:
I paid $2,695.00 for the set, I think you got a great bargain, the 09SVDB alone in EF should be $1500.00 or so, good deal I say. I have a complete set except, missing that one. 
True North
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Pillar of the Community
United States
4791 Posts |
Yeah, I've often thought that maybe someday I would shell out $1000-2000 for a nice 09SVDB, but it's so hard to get my mind around spending that much for a single coin. Buying a whole bunch of coins for that price, however, is much easier to justify (to myself and my wife).
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Moderator
United States
94382 Posts |
Quote:
I have a complete set except, missing that one. Which means you have the 1914-D and 1922-D "Plain" that I do not have. Nice.
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Valued Member
United States
432 Posts |
Now you can start upgrading each date and that will give you a challenge for a while.
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Bedrock of the Community
United States
20020 Posts |
I too think you did great. So many forget that aside from those so called key dates are the 10S, 11S, 12S, 13S, 14S, etc. that too are sort of up there in value. For what you paid, great collection. And as already said, you can start upgrading it one at a time if you want or just leave as is.
just carl
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Pillar of the Community
United States
3610 Posts |
Great purchase and not a horrible price either. Definitely in the reasonable range IMO. As Carl mentioned, aside from the big 7, there are plenty of other early dates that are not cheap either. I am quite sure the grades are fairly right on. As you said, APMEX is not a fly by night company. |
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Bedrock of the Community
United States
11935 Posts |
Congrats on buying the set!
I agree.. that it sounds like you got a pretty good deal.
Of course depending on condition and if the better coins are problem free.
If you had to buy all those coins one by one, it would cost you much more.
Of course the 09S vdb will be a lot of the price,
and as mentioned the 1922 no D in VG, if it is a die #2 then it will have a lot of value also.
let us know how the
1914 D
1909 S
1931 S
look
and the
1910 S
1911 S
1911 d
1912 S
1912 D
1922 D
1924 D
1926 S
I buy a lot of Lincoln cents, those are the ones I look at first when looking through a collection
P.S - just buying all the 1975 to 2009 Proofs can cost quite a lot.
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Replies: 61 / Views: 23,050 |
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Posted 08/29/2012 12:39 pm
