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 Replies: 12 / Views: 1,957 |
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Pillar of the Community
United States
597 Posts |
It seems the 1931-s LWC sells below book and it has been on a downward trend for mths now. Does anybody think its time to buy more or is this trend going to keep going? |
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Pillar of the Community
United States
1510 Posts |
thats good maybe I will be able to afford one someday
Retired USAF 1983-2003
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Pillar of the Community
 United States
597 Posts |
i got one in the trade section if you really want one
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Pillar of the Community
United States
3283 Posts |
I was thinking the same thing.
What I paid $100 for not to long ago seems to be available for $80 now.
Buy low I guess.
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Pillar of the Community
United States
1151 Posts |
Buy low and sell high, are words of wisdom.
As for seeing the price drop, it doesn't bother me. Now I can afford 2 when only a short while ago, I could only afford 1.
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Valued Member
United States
94 Posts |
I have noticed this as well for certified examples. Just purchased a top pop PCGS coin for the exact same price I purchased the grade below it 4 months ago, and that was cheap. For some reason the prices of lincolns are going down, so yes, it is a good time to buy.
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Pillar of the Community
United States
1984 Posts |
1. Interest in Lincolns has dropped since the '09 anniversary.
2. Unlike 1909-S VDBs, 1914-Ds and 22 no D there are really plenty of these to go around.
3. Lincoln collectors are generally frugal. Some are downright cheap, and there are a few who will spend a lot. The ones who will spend a lot don't need circulated 1931-S cents.
4. The economy (as well as old age and death) has hurt the market, as well as the fixation on PMs.
Good news if you're a buyer, not so good if you're not.
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Moderator
 United States
188277 Posts |
Quote:
2. Unlike 1909-S VDBs, 1914-Ds and 22 no D there are really plenty of these to go around. I agree, especially in the higher grades. I looked for a long time before I finally found a circulated (brown) 1931-S to match my collection. |
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Bedrock of the Community
United States
20753 Posts |
Regardless of how much the 31S drops in price, remember the mintage is only 866,000. And although sort of commonly found at coin shows, coin stores, web sites, eventually all those will dry up. I keep warning people to remember the population of the USA is now well over 300 million people. Think about if only 1% collect Lincoln Cents. That still means not enough 31S's to go around. Eventually you just will not see them at all. I really suspect that a lot of such sleepers will suddenly run wild in price. Just like the 31D Mercury dime. |
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Pillar of the Community
United States
2424 Posts |
all 31-s's? which grades are we talking are losing more in value...
ive got a ms62 RB slabbed by anacs in my safe, I havent really looked at the prices but last I checked it was up there
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Moderator
United States
188277 Posts |
On one hand, you have people like Just Carl, who say that collectors will eventually outnumber the supply. On the other hand, you have people worried that the hobby is dying and that the number of collectors dwindles every year (and prices will crash as a result). We do not know the future. If we did, we would all be rich, right?  |
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Pillar of the Community
United States
597 Posts |
well we do know there will always be coin collectors out there it is to good of a way to hide $$ from your uncle.
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Pillar of the Community
United States
659 Posts |
so my XF45 is worth less that the $140 that I paid for it now? LOL not a big deal. I wasn't going to sell it anyway.
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Replies: 12 / Views: 1,957 |
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Posted 02/01/2012 6:39 pm
