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Did I Pay Way Toooo Much?

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Author Previous TopicReplies: 10 / Views: 1,281Next Topic  
Valued Member
coinmaniac's Avatar
United States
73 Posts
 Posted 03/27/2007  7:10 pm Show Profile   Bookmark this topic Add coinmaniac to your friends list Get a Link to this Message Number of Subscribers
So I was getting bored and came across this auction for a LINCOLN WHEAT Memorial penny CENT COIN COLLECTION on ebay, it had:
Three separate folders containing the following:

1. 1909 - 1940 Wheat Ears Reverse (31 coins)

2. 1941 - 1958 Wheat Ears Reverse (51 coins, including 1943 P-D-S steel)

3. 1959 - 2006 Memorial Reverse, 1959 - 1982, and Zinc, 1982 - present (77 coins with certificate of authenticity)

The auction had a reserve price, so to see what it was I bid upto $90 and the reserve price was met. I had the feeling that I would not win it but I did. So I guess my question is did I pay too much?

Coinmaniac
Valued Member
madspec's Avatar
United States
376 Posts
 Posted 03/27/2007  7:19 pm  Show Profile   Bookmark this reply Add madspec to your friends list Get a Link to this Reply
If the coins are in good shape and you are happy with them then NO you didn't pay to much. But if the coins are in bad shape and you wish you hadn't bought it then yes you paid to much.
I have done the same thing before just to see what the reserve was and have won a couple auctions I didn't really want.

Madspec
Valued Member
coinmaniac's Avatar
United States
73 Posts
 Posted 03/27/2007  7:25 pm  Show Profile   Bookmark this reply Add coinmaniac to your friends list Get a Link to this Reply
Here are some pics

Image: Did-I-Pay-Way-Toooo-Much? l1.jpg
18.27 KB

Image: Did-I-Pay-Way-Toooo-Much? l2.jpg
24.39 KB

Image: Did-I-Pay-Way-Toooo-Much? l3.jpg
21.89 KB
Pillar of the Community
Metalman's Avatar
United States
7123 Posts
 Posted 03/27/2007  8:12 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
90.00 may have been a little steep ,, but then who knows where the cents came from ,, and If they have been searched for all of the things that can be found in the cent coins .

maybe when you have the set in hand you can get us better resolution pics to look at ?

I suspect that the steelies are replated but we can find that out when you get the coins also .

Metalman
Valued Member
ClearwaterCoins's Avatar
United States
177 Posts
 Posted 03/27/2007  8:27 pm  Show Profile   Bookmark this reply Add ClearwaterCoins to your friends list Get a Link to this Reply
In my option you can never pay to much for coins as long as you are happy with them.
Pillar of the Community
Metalman's Avatar
United States
7123 Posts
 Posted 03/27/2007  8:30 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
I should add that it would not take very many of the semi keys to make your deal a bargain,, since we have no info on the dates and the pics are not close enough to read , then perhaps I was a little hasty assuming that the set would not contain any of the semi keys of the series.

Metalman
Valued Member
coinmaniac's Avatar
United States
73 Posts
 Posted 03/27/2007  8:40 pm  Show Profile   Bookmark this reply Add coinmaniac to your friends list Get a Link to this Reply
Metalman any key dates to look out for? I will definitely post better pics when I get it.

Thanks,
Coinmaniac
Pillar of the Community
Metalman's Avatar
United States
7123 Posts
 Posted 03/27/2007  9:11 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
1909-S ,1909-S VDB and all ofthe branch mint coins from the 10's and teens especially the 14-D and S , 22-D or no D ,weak D,,24-D ,,31-D and S,just to mention a few ,,most of the teens, 20's and 30's above VF will hold a pretty good value.and add up fairly quickly .

Metalman

Valued Member
coinmaniac's Avatar
United States
73 Posts
 Posted 03/27/2007  9:21 pm  Show Profile   Bookmark this reply Add coinmaniac to your friends list Get a Link to this Reply
Thanks a lot, I hope I get lucky!!

Coinmaniac
Valued Member
TimJing's Avatar
United States
346 Posts
 Posted 03/27/2007  9:23 pm  Show Profile   Bookmark this reply Add TimJing to your friends list Get a Link to this Reply
None of the coins in the first set have mint marks. It has 31 coins for 31 years, each coin bearing no mint mark. The only coin omitted is 1922, for obvious reasons (a 1922 without a mint mark is extremely rare!). If the first set was complete with mint marks, I guarantee the final price would not have been only $90.
Edited by TimJing
03/27/2007 9:28 pm
Pillar of the Community
Tykimeister's Avatar
United States
882 Posts
 Posted 03/27/2007  11:19 pm  Show Profile   Bookmark this reply Add Tykimeister to your friends list Get a Link to this Reply
Just think about it this way; if you think you overspent, 6 months from now you wont even notice you lost $90. Also, you have a pretty good start to completing the set. This helps a lot if it's something you want to accomplish.
Ty
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