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1909 S Indian Head Cent

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Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 04/01/2013  9:01 pm Show Profile   Bookmark this topic Add GR58 to your friends list Get a Link to this Message Number of Subscribers
I was looking at this coin last week, but bought the 2008 Rev of 07 ASE instead.

Now this coin has moved to the top of my list of potential purchases.

I am really on the fence. I feel if I do buy this coin, it will commit me to completing my Indian Head cent ( IHC) collection. I have a IHC Dansco, but never really put any effort into completing it. When I buy collections to break up and sell off, if there were IHC's I did not have I put them in the album. So most of them are not very high grade. I think I have around 10 empty holes.

So here is a coin that is close to the $400 range and not really a high grade coin. I took some pictures so I could look at it tonight .. and try to decide if I should go ahead and purchase it. What I am thinking is $400 would also do a couple upgrades for my 7070 type set.

and thoughts or opinions are welcome.

1909 S IHC
(the obverse pic did not come out very good, in hand I can see the tops of a few of the letters)
1909-S-Indian-Head-Cent

1909-S-Indian-Head-Cent
Pillar of the Community
chesterb's Avatar
United States
1261 Posts
 Posted 04/01/2013  9:47 pm  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply
Don't get me wrong, this seems like a nice coin but $400ish seems a bit on the high side for a 1909-S in good condition. Keep looking and you could find one in Fine condition for the same price or maybe a little more.
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 04/01/2013  11:42 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I understand what your saying chesterb ... and I am leaning that way too ..
Just something about seeing a coin .. that I have a empty hole for ..
Valued Member
thestew's Avatar
United States
202 Posts
 Posted 04/02/2013  2:40 pm  Show Profile   Bookmark this reply Add thestew to your friends list Get a Link to this Reply
Why spend $400 on a coin like that when you could spend $550 or so and get one in VF and maybe even XF if you find the right deal. I say pass on this one and let another one present itself to you down the road.
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 04/02/2013  3:13 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
After reading the responses and thinking about this coin, I decided not to get this coin. I think if I really liked the coin, I would not even ask what others thought.

Another thing is sticking in my head ... Last week someone posted I could get a AU 1932D Washington quarter in the $400 range .. I know a coin like that I would be more happy with.

So this one will stay at the local coin shop
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skyshark124's Avatar
United States
1109 Posts
 Posted 04/02/2013  3:41 pm  Show Profile   Bookmark this reply Add skyshark124 to your friends list Get a Link to this Reply
Agree with the $400 tag seeming a bit high. If you do end up getting it in the future though, and you're not completely satisfied, send it to me. I will make sure you don't have to look at it again and be reminded of yuor irritation.
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 04/03/2013  11:55 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
Hold on now. Full retail on that coin runs 525.00. And VF is 700. So you believe you can get a VF coin at the same as the FRV of a Good?

That aside, I rather like the look of this coin. BUT, if you do not (as is obvious since you asked in the first place as you said) then it is certainly too much. I don't know that you are going to find a VF in that price range, but I am sure you could find a good you would be happier with.
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Drsandman2's Avatar
United States
1374 Posts
 Posted 04/04/2013  10:12 pm  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
IMHO, I tend to side with smokeriderdon on this one. Seems to be a nice, problem free coin and at a very decent in-hand price. I already own one, but may consider working the seller down to something like $350 and leaving with the coin. But then again, if you are more drawn to Washington quarters... then IHCs are probably out of your league.
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GR58's Avatar
United States
11951 Posts
 Posted 04/04/2013  11:13 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply

Quote:
then IHCs are probably out of your league


Drsandman2 .. maybe I am not understanding you .. is that statement ... you talking down to someone who likes Washington quarters?
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Drsandman2's Avatar
United States
1374 Posts
 Posted 04/05/2013  01:20 am  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
Absolutely not - IMHO, it doesn't make much sense for someone who is not interested in Indian Head cents to buy a key date in the series. It would be like me buying the 1932-D Washington quarter although I don't collect quarters. In fact, quarters of all types are really out of my league, because I don't know nearly as much about them as I do Indian Head cents... and I'm not interested in obtaining a set.

If you are wishy-washy about which series you'd like to collect, then I would encourage you to start a Dansco 7070 set. That is exactly what I did, and after completing my Lincoln collection... I realized that Indian cents is where I want to play ball.

Cheers.
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 04/05/2013  01:35 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I guess I am not sure .. why any coin or coins would be out of anyones league. (of course I am not talking the super high end coins)

As far as buying key dates .. IMO .. buying only the key dates would be the smartest thing to do.


Quote:
then I would encourage you to start a Dansco 7070 set.


I do have the 7070, mine is complete .. including gold page (always in upgrade stage)
also complete
Lincoln Dansco 8100 .. complete, except 1922 no D
Jefferson nickels with proofs completed BU/proof
Roosevelt dime with proofs completed BU/proof
Washington quarters 1932 - 1998 with proofs completed (upgrading)
Washington quarters 1999 - date, multiples sets completed, including clad and silver proofs, plus over 100 rolls of BU's
Kennedy halves Dansco "P" and "D" completed BU
Kennedy halves Dansco with proofs .. completed BU/proofs
All modern dollars in dansco completed
Modern commemorative dollars Uncirculated complete set
Silver american eagle BU and proof .. complete except 1995W

as for classics
Dollar date set 1878 to 2013 complete
Mercury dime .. need 1916D
Libery head nickels, need 1885 and 1886 (low grade set)
Walking Lib half dollar and Buffalo nickels about have done
I am sure I am forgeting some, of course there are boxes and boxes of coins in 2X2 flips.

Oh .. my Indian Head cent Dansco ( I had to go dig it out) needs 8 coins to complete. this is a set I really never put a effort into completing

But I guess I am not in a "league" to buy that 1909 S.

Truth is .. if I was offered the 09S at $330 .. I would have bought it .. of course it is still there and when the time is right .. I may end up with it yet.

I buy enough coins where local dealers sell to me below or at greysheet. The 09 S indian greysheets from good $400 to VF $550. I do not feel good about buying a G/VG at $400, when.. if a VF comes along I could pick up in the $550 range. But then were back to .. I collect coins .. but would say I am not crazy about IHC's

Edited by GR58
04/05/2013 02:01 am
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Drsandman2's Avatar
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1374 Posts
 Posted 04/05/2013  02:03 am  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
LOL wow, Ok? I explained to you exactly why certain coins would be out of my league. I'm not here to have a war of words with you, sorry.

And if you're looking to pick a fight, please don't PM me again.

Cheers.
Edited by Drsandman2
04/05/2013 02:05 am
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 04/06/2013  2:47 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I have thought about this post for a day or so and feel I need to respond one more time.

I do not go out to pick a fight. But if someone talks down to me or insults me than I will respond.

Saying something is out of "one's league" and terms like being "wishy-washy, are both terms a person would use to talk down to someone, or insult them.

Offering opinions about a coin or a member saying how they collect coins are the positive approaches.

I get on this site to share my collection, and how I collect .. and get opinions on a coin I am thinking about purchasing, not to be insulted.

Also if you don't want to receive a PM .. then turn them off.
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skyshark124's Avatar
United States
1109 Posts
 Posted 04/06/2013  3:53 pm  Show Profile   Bookmark this reply Add skyshark124 to your friends list Get a Link to this Reply
Alright guys, back to your corners. I doubt any comments were made to the OP in an effort to be deliberately insulting. Let's get back on topic here with the original question about the price. I still think $400 is a touch high (but maybe not), but as was suggested, maybe talk the dealer down a little to make it more of a good buy if you can. If not, it's not a total ripoff or anything. I also think if you are just going to buy one or two of a particular type of coin, buying keys or semi-keys does make some sense from an investment standpoint.
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 04/06/2013  3:59 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
SkyShark, thank for your opinion on the topic ..

But .. as far as "deliberately insulting" it does not matter if it was
deliberate or not .. it is insulting .. and it should be address so it won't happen again
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hesgut's Avatar
1028 Posts
 Posted 04/06/2013  5:32 pm  Show Profile   Bookmark this reply Add hesgut to your friends list Get a Link to this Reply
anyways,

I think this coin is an ok buy for 400. That also looks like a pretty strong good to me. I'd need to see better pics, but it could be a VG-8. The coin is certainly problem free and looks to have a nice original color. It is a "choice" lower end 09-S....if such a thing exists. Again, 400 seems alright to me. 450 would seam slightly high, but 350 would be an obvious buy.
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