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All Forums Category: US Coins and Currency Forums Forum: US Modern Coins

Are Lincoln Proofs Undervalued?

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Author Previous TopicReplies: 6 / Views: 1,223Next Topic  
BadThad
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 Posted 10/31/2007  11:03 pm Show Profile   Bookmark this topic Add BadThad to your friends list Get a Link to this Message Number of Subscribers
Poll Question
What do you think? Especially considering the mintage numbers of the early series?

Results

YES, undervalued 55% 16 Votes
NO, overpriced 14% 4 Votes
NEUTRAL, priced right 24% 7 Votes
I don't care, I hate Lincoln cents. 7% 2 Votes

Poll Status: Locked
Total Votes: 29 Counted
Last Vote: 11/06/2007 11:45 am
Lincoln Cent Lover!
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edsmyboy
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 Posted 11/01/2007  3:11 pm  Show Profile   Bookmark this reply Add edsmyboy to your friends list Get a Link to this Reply

I do believe they are way undervalued. The highest mintage (1913) is 2848 and the lowest (1909 VDB) is 420. The total mintage of the whole run is a miniscule 15,314! Add to these low numbers the fact that they resemble mint state Lincolns and most were probably spent, make matte proofs a steal at these levels.

In the interest of full disclosure I do own a complete set.
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Metalman
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 Posted 11/02/2007  1:15 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
I voted undervalued ,,and I hope they stay that way for awhile yet .

From my experiance there is a definite lag in pricing on the Lincoln proofs and not just the older matte proofs but across the board .

One day they will adjust .

Metalman
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BadThad
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 Posted 11/03/2007  01:37 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Here's a great example:

1931D Mintage 4,480,000
$68.77

http://cgi.ebay.com/ws/eBayISAPI.dl...DW:IT&ih=018

1938 Proof Mintage 14,734
$56

http://cgi.ebay.com/ws/eBayISAPI.dl...DW:IT&ih=015
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BadThad
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 Posted 11/03/2007  4:47 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
What? Nobody is going to challenge me with the "conditional rarity" argument? hehehehe
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Metalman
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 Posted 11/03/2007  7:20 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Im not !Are-Lincoln-Proofs-Undervalued?


Metalman
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BadThad
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 Posted 11/03/2007  8:02 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
I think I proved my point....and that's just ONE example. I could show many, many more!
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All Forums Category: US Coins and Currency Forums Forum: US Modern Coins



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