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LWC Set On Ebay

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BostonCC's Avatar
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11 Posts
 Posted 05/15/2014  08:24 am Show Profile   Bookmark this topic Add BostonCC to your friends list Get a Link to this Message Number of Subscribers
I collect silver Washington quarters but recently have become interested in the LWC series. I would prefer to improve on a LWC set because it is so large.

http://www.ebay.com/itm/12133906869....m1423.l2649

I found this, what I believe, nice near-complete LWC set on ebay and I was hoping that some of Lincoln experts around here might comment on the value. I'm sure one of you guys could estimate the value rather quickly compared to me trying to price things out one coin at a time. Thanks!
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bpoc1's Avatar
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 Posted 05/15/2014  11:23 am  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
The 1909S VDB is worth $700.00 or better.
The photo is hiding the date and mint mark. Why.
I would be careful.
Edited by bpoc1
05/15/2014 12:27 pm
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SsuperDdave's Avatar
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 Posted 05/15/2014  11:49 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
The 1909S VDB is worth $700.00 or better.


By the seller's own words, the set is missing 1909S VDB, 09S, 14D, 22 plain, 24D, 31S, and the 2 small dates: 1960 and 1970S. The rest are pretty much stuff which can be acquired from circulation. I'm no expert on Lincolns, but I don't see $250 in value there.
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fioti's Avatar
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4212 Posts
 Posted 05/15/2014  12:16 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
From what I read from the cent searchers, most, if not all, are still being pulled from boxes/rolls. If I could get $250 a pop, I'd assemble several a week for fun.
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Domain555's Avatar
United States
1804 Posts
 Posted 05/15/2014  12:23 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply




Up for bid is a really nice, near complete collection of Lincoln cents in a Dansco 7100 album, dating 1909-2006. The set is only missing the main keys: 1909S VDB, 09S, 14D, 22 plain, 24D, 31S, and the 2 small dates: 1960 and 1970S. This is my own personal collection, which I hand selected myself over the years from coin shops and coin shows. The coins grade Fine to BU. There are no culls or problem coins. I am selling it to free up a little cash for my Morgan dollar collection. The individual grades are as follows: 1909 au, 09 VDB au, 10 vf+, 10s xf, 11 vf, 11d f+, 11s vf+, 12 f+, 12d vf, 12s vf+, 13 f, 13d vf, 13s f+, 14 f, 14s f+, 15 f+, 15d f+, 15s f, 16 f, 16d f, 16s f+, 17 f, 17d f, 17s vf, 18 vf, 18d vf, 18s vf, 19 vf, 19d vf, 19s vf+, 20 xf, 20d xf, 20s xf, 21 vf, 21s vf, 22d vf, 23 f+, 23s f+, 24 vf, 24s f+, 25 vf, 25d f+, 25s vf+, 26 vf, 26d vf+, 26s vf, 27 vf, 27d vf, 27s f+, 28 f+, 28d au, 28s xf, 29 vf, 29d f+, 29s f+, 30 xf, 30d f+, 30s xf, 31 vf+, 31d vf, 32 xf, 32d xf, 33 vf, 33d vf+, 34 xf, 34d f+, 35 xf, 35d au, 35s vf, 36 vf+, 36d vf, 36s vf, 37 f+, 37d xf, 37s vf, 38 xf, 38d vf+, 38s vf, 39 BU, 39d xf, 39s vf, 40 xf, 40d xf, 40s vf, 41 xf, 41d xf, 41s f+, 42 BU, 42d BU, 42s f+, 43 BU, 43d BU, 43s BU, 44 to 46s BU, 47 xf, 47d to 48s BU, 49 vf, 49d BU, 49s xf, 50 xf, 50d to 58d BU; 1959 to 2006d BU

The range of condition is all over the place (generally low)
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bpoc1's Avatar
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 Posted 05/15/2014  12:32 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
Oops, I did not read the complete listing.
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BostonCC's Avatar
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 Posted 05/15/2014  1:02 pm  Show Profile   Bookmark this reply Add BostonCC to your friends list Get a Link to this Reply
Thanks everyone - you provided a clear consensus!

I'll certainly pass on this listing and perhaps build a set from scratch.
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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 05/15/2014  2:23 pm  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply
I just got into early LWC and went from having about 15-20 pre 1940's to the point that I am only missing about 15-20 pre 1940's.

A few roll finds but most were from my LCS, I go in there all the time and he cut me a nice deal, I even got a 1909 VDB, in nice shape he let me have for $7.00 and a 1913-S semi-key, then got home and opened the box of pennies I had in the car and found a 1913-D, higher mintage than the 13-S but still a semi-key, and at FACE Value!

58 coins for $13.60... plus I had the fun of digging through bin after bin of wheat's

Now I want to buy a new album or set of folders for a second set, it's always fun to upgrade

Edit: I'm only missing a few from after 1940, those are the easy ones to get from rolls.
Edited by ASLAN TVorlon
05/15/2014 2:26 pm
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SsuperDdave's Avatar
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23522 Posts
 Posted 05/15/2014  2:24 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I'll certainly pass on this listing and perhaps build a set from scratch.


That's half the fun.

Lincs are a neat collecting subject; it's not impossible to build an entire set from circulation. It'd take a little luck (maybe a lot) to come up with an '09-S VDB from circulation, but it's happened.
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Mr Click's Avatar
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964 Posts
 Posted 05/15/2014  2:33 pm  Show Profile   Bookmark this reply Add Mr Click to your friends list Get a Link to this Reply
I have a book of pennies that is basically complete except for the key dates. I've already started 3 more penny books for my kids since I've click clacked over 3000 wheats in the past 3 years. I love when you find a really nice Wheat!! Upgrade city
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CelticKnot's Avatar
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12817 Posts
 Posted 05/15/2014  4:50 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Yep, building a Lincoln Cent collection is fun and fairly easy/inexpensive (save for some keys). I say go for it.
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rking007's Avatar
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784 Posts
 Posted 05/15/2014  11:49 pm  Show Profile   Bookmark this reply Add rking007 to your friends list Get a Link to this Reply
I'm going to actually go ahead and say that this set was a good price.

While it would not be impossible (that's a big word) to complete a set of Wheats from circulation it would take probably the rest of your life. Finding an SVDB, 14D, 24D, 11s, 09s, 10s, 12s, 13s, 14s, 15s, 26s, 31s, 70s small, 22d, and then even the early teens D mints alone would take a lifetime of searching cases of boxes of cents. Can the rest be found? Sure, but problem free F+ cents? From circulation? I think we've passed the point of a complete Lincoln set from circulation being possible unless it was a serious hobby/addiction of searching cents.

Just from a cursory glance at the twelve semi keys he has posted based on obverse grading only I come up with (based on Numismedia)...

09VDB (assuming it's a VDB) - AU - $15
10s - XF - $40
11d - VF25? - $25
11s - XF40 (maybe 35) - $65
12d - VF25/30 - $25
12s - XF45 (maybe AU) - $70 - $100
13d - VF20 - $12
13s - VF20 - $21
14s - XF40 - $86
15s - VG10 - $15
22d - XF?( notoriously weak strike and I am horrible at grading these) - $35
26s - VF (bad pic) - $15 ballpark here for grade


That alone (if I go with the $70 price for the 12s) is $424 alone FMV. Then consider other semi semi keys (23s, 24s, 31d, 21s) shoot, his 25d looks VF easy from here)... on top of that, consider his BU 40's and 50's, not hard at all to complete buying individually but at $3- $5 a piece (I count 39 that are RD)... forget it CRH.

What I'm saying is that this looks like a pretty solid collection to me and if I had had the time to request reverse pics or close ups of some other dates, this was a steal at $255 ESPECIALLY if you were out to buy a set and upgrade from there. Hunting these early semi keys down at a brick and mortar or even on the Bay is getting TOUGH for problem free coins unless you drop some bucks to go slabbed or have the opportunity to hand inspect.

End of the day, if I had the time to request pics and was in your situation with the right amount of cash, I would have potentially gone $350 or $400. With the right pics.
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cjspearsdog's Avatar
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405 Posts
 Posted 05/16/2014  12:35 am  Show Profile   Bookmark this reply Add cjspearsdog to your friends list Get a Link to this Reply
I agree with rking. No way in He_ _ are you building a set from circulation!!!!!

$250 was a fair price for the buyer. I am sure the seller was looking for more like $300 to $400
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rupester's Avatar
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1300 Posts
 Posted 05/16/2014  01:32 am  Show Profile   Bookmark this reply Add rupester to your friends list Get a Link to this Reply
Well..u can put together a set of 1958-present set in bu just by buying mint sets.. And or you can go,to a coin show with 250 bucks in your pocket and put this set together in high grade minus the key dates and have money to spare..the thrill is the hunt!! But whatever your means of acquistotion are have fun!!
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BadThad's Avatar
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19942 Posts
 Posted 05/16/2014  08:01 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Realistically, rking did exactly what I would have done to get in the "ballpark".

Trying to assemble this from circulation is nearly impossible. While many of the tough coins have been found in the wild, it's extremely rare and akin to winning the lotto IMO.
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BostonCC's Avatar
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11 Posts
 Posted 05/16/2014  08:34 am  Show Profile   Bookmark this reply Add BostonCC to your friends list Get a Link to this Reply
Where were the dissenters before the auction ended? Bidding? ;)

Rking: I appreciate your very informative post - thanks. Although I didn't bid/win the auction it was helpful to see how you valued the set. I tend to agree with you that the early dates will be very difficult to pull from circulation in F+ grades.
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