| Author |
 Replies: 8 / Views: 1,888 |
|
|
Pillar of the Community
United States
2335 Posts |
I have a 1922 No D strong reverse graded EF-45 details(altered surfaces, corroded) in an Anacs slab. The corroded refers to a tiny spot on the reverse & I believe the altered surfaces is due to the coin being recolored. This coin was discussed last year in this thread: https://goccf.com/t/94651&SearchTerms=1922,lwcI've put this coin in the trade section of the forum & a member has asked me what I value it at. The suggestion in last years thread was that it could be valued around $1500. That seemed reasonable at the time based on ebay & auction sales. It's also about what I had in mind when I put it up for trade. I checked Heritage this morning for comparables & found 2. The first is an anacs EF-40 details (corroded, cleaned) that sold 01/06/11 for $805. The other was an anacs EF-45 details (polished) that sold 12/03/09 for $1495. The cheaper coin had better eye appeal than the polished one. Prices on teletrade appear to have followed the same trend, & ebay prices seem low also. Have prices of these really dropped that much? I don't follow the Lincoln market & could really use some guidance on value. If the market is that weak I'd probably hold on to the coin in the hope prices will come back. |
|
|
|
Pillar of the Community
United States
1903 Posts |
Seems Lincoln cents in general have dropped recently...economy, trends, adjustments? Any or all could explain it, but in general is seems Lincoln cents are trending down as of recent.
|
|
Rest in Peace
United States
9104 Posts |
Numismedia shows 910.00 f12; 1,130.00 vf20; 2,130.00 xf40. FWIW. Considering how weakly struck these generally are, I'd say 1500-2000 is fair. It's not like an svdb, where at any given moment there's a roll in this condition on ebay. |
|
Moderator
 United States
23522 Posts |
Quote:I checked Heritage this morning for comparables & found 2. The first is an anacs EF-40 details (corroded, cleaned) that sold 01/06/11 for $805. The other was an anacs EF-45 details (polished) that sold 12/03/09 for $1495. The cheaper coin had better eye appeal than the polished one. Prices on teletrade appear to have followed the same trend, & ebay prices seem low also. IMO the cheaper coin was significantly weaker than the more expensive - I don't agree that it had the greater eye appeal. It was noticeably corroded, when the more expensive of the two had very much more original-looking surfaces. I'd be more worried about the NGC XF Details coin that went for $862 last month - it was (IMO) the nicest of the three. I suspect the economy still has people wary of spending the money - the recession-proof collectors are spending much more (and getting higher-graded examples) than this price point. While I'm throwing out opinions....this one's value is closer to the $1500 number mentioned than the ~$800 number. Today, that's not what you can get for it because of a decline in the second half of the value equation - demand. |
|
Pillar of the Community
Canada
1700 Posts |
|
|
Pillar of the Community
 United States
2335 Posts |
Quote:
IMO the cheaper coin was significantly weaker than the more expensive - I don't agree that it had the greater eye appeal. It was noticeably corroded, when the more expensive of the two had very much more original-looking surfaces. I'd be more worried about the NGC XF Details coin that went for $862 last month - it was (IMO) the nicest of the three. That's entirely possible....I've got a thing about polished coins that makes me not look too close. I searched the Anacs coins & probably should have included NGC slabs. I agree that the demand end of the equation is where the problem lies. It looks like I might be holding this one in the hope that prices come back. I appreciate everyones input. |
|
Bedrock of the Community
United States
20753 Posts |
I seldom pay attemtion to auction web sites since I go to coin shows about 2 to 4 times a Month. I normally watch for Lincoln Cents and Mercury dimes since those are my favorite coins. Now have 10 sets of Lincoln Cents. Oddly enough there were several 1922 plains there and rather cheap. A few with so called strong reverses were going for about $1,000. A few others were in the less than that price range. First time I noticed so many 14D's for sale and also reasonable. Only one 09S VDB in the whole place. With close to 100 dealers at that show, not much I really was interested in. Lincoln Cents were sort of not the popular coin there. |
|
Pillar of the Community
United States
1659 Posts |
In my humble opinion, I don't think $1500 is out of line at all. You may have to sit on it for a while, but if you have some patience, I think you could get that amount, or at least real close to it.
It just may take a little while longer.
|
|
Bedrock of the Community
United States
19935 Posts |
Other than the altered surfaces, your coin is really, really nice. I would crack it, put it in a window sill for a year or two to try and get the color back to brown. If the surface damage isn't that bad, you'd be surprized. I once had NGC reject a coin for "artificial color". I gave it the window sill for two years, resubmitted to NGC and it came back MS-62BN.  Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
|
| |
Replies: 8 / Views: 1,888 |
|
Posted 02/12/2012 12:03 pm
