Lincoln Cent Proof Prices - Recent Spike.

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Author	Replies: 7 / Views: 1,868
johnjkedel Pillar of the Community United States 594 Posts	Posted 09/11/2014 3:48 pm Why has the price/value of proof Lincoln cents increased so dramatically since July of this year? This is most notable ( of course ) in the higher grades. I am noting it in the years 1938-1955.... other years too. Examples :( NGC site ) 1955 PF68RD CAM increased from $325 to $1450. 1942 PF66RD increased from $750 to $1550 1940 PF66RD increased from $360 to $525 1938 PF66RD increased from $387 to $500 Is it simple supply and demand? Seems like a very sudden spike. Report this Post to the Staff

BadThad Bedrock of the Community United States 19935 Posts	Posted 09/11/2014 9:14 pm Their prices (and PCGS) are based on actual sales. Frankly, ALL of the Lincoln proofs are undervalued, especially the early dates. The mintages are low: 1936 5569 1937 9320 1938 14734 1939 13520 1940 15872 1941 21100 1942 32600 1950 51386 Lincoln Cent Lover! VERDI-CARE™ INVENTOR https://verdi.care/ Report this Post to the Staff
johnjkedel Pillar of the Community United States 594 Posts	Posted 09/11/2014 9:39 pm Thanks Bad.... I guess that's the answer. I'm glad I decided to get a few of them about 6 months ago - bought 7 PF66 or above. My $325 purchase for a 1955 PF68RD Cameo turned out better than I expected :) I hope I can finish off the 'set' ( 2 more needed ) before they go up again. Report this Post to the Staff
jimbucks Pillar of the Community United States 4691 Posts	Posted 09/12/2014 03:06 am I like the MPLs. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 09/12/2014 5:51 pm You didn't say where you got those prices. Remember that prices on coins vary massively pending on where you look. And just because someone posts a price on a coin, doesn't mean it will ever sell for that. Report this Post to the Staff
johnjkedel Pillar of the Community United States 594 Posts	Posted 09/12/2014 8:57 pm Actually I did - NGC site. PCGS are similar. I do understand what you are saying about pricing - Thanks Report this Post to the Staff
atchisonbj Valued Member United States 293 Posts	Posted 09/15/2014 1:16 pm A BIG factor on 1936-1942 Proof Lincolns relative to value is how the "haze" in the luster effects the eye appeal. This is especially important on 1936 and 1937. That and the fact that they are extremely tough to find. Lots of the proof sets prior to 1955 have been broken up primarily to sell as or fill a collection with proof singles but another big factor is that many of these sets had a cent with ugly haze or spots that ruined the eye appeal. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 09/15/2014 5:24 pm When looking at PCGS or NGC and/or other such places, try to remember they are basically in business to have you send them items for grading and slabbing. By raising prices on coins they tend to inspire people to want to have their coins done. For example if they said a coin is worth a few dollars, many would say OK but that is that. If they said that coin is worth many dollars instead, more people would tend to send them in for grading and slabbing. IF you go to a coin store or show you would see many coins worth much less than what it cost to have it put in the slab it is in. Report this Post to the Staff
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