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 Replies: 11 / Views: 997 |
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Pillar of the Community
United States
1083 Posts |
 With all the interest in the Lincoln Cent as it nears the centennial of the series in 2009, it appears that any of the keys would be an excellent investment right now. Especially if demand for completed sets goes up as anticipated. One date that appears to offer some real upside potential is the 1931-S, particularly in the upper grades. Next to the 1909-S VDB, it is the second lowest mintage in the series at 866,000 and appears to be under priced right now. I am a collector first, not an investor, but I wish I had a roll of BU 1931-S Lincolns to sell in 2009. I could retire (wait I am already retired). Ok, maybe I would finish my 7070 Gold page. Sorry, too much coffee this morning!
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Pillar of the Community
United States
5318 Posts |
Yes, I was thinking of that too when I just picked up my 09-S VDB. Personally, I think some of the "red" coins are already overpriced...but possibly it could go further than $100K for an MS-67 RD?
If both of us recognize there might be a demand spike, others are thinking that too. I'm sure at least among collectors, there might be a bit of a run. Any more Lincoln collecting I do in the near future will be out of the MS-64+ RD category which seems to generate intense speculation, and focus on coins that collectors will actually buy. In terms of "investment," the mid-grade VF-AU coins do quite well YoY. I do keep that in mind, but I just like Lincolns. I think it's perhaps the most lasting design we've seen.
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Pillar of the Community
United States
936 Posts |
I have said this before about Lincolns and it is just my opinion. I try to look at coin collecting like investing in stocks. With stocks there is the saying "buy on rumor sell on news", I do not know if this pertains to coins or not but if you look at the trends for Lincolns there has been a steady increase in value. I am sure there are a lot of people who are buying Lincolns with the intention of selling in 2009. Look at most of the listing on ebay, they talk about the coming of 2009 and the rise in value. If enough people are buying to sell in 2009 then there will be a surplus of sellers to hopefully go with a surplus of buyers, if not you could see a drop in prices come 2009. If coins are anything like stocks when you see a sharp increase in your investment it is hard to hold, as the other saying goes "you do not realize a profit until you sell". As for key dates, there are others that command a premium in the higher grades, take a 1926-S in MS64 red, it goes for $75,000 compared to a 09-S VDB that goes for $5,200. The 1914-D IMHO is becoming the new 09-S VDB, it sells for $16K in a MS64. I am not sure on the reasoning behind these prices other than these dates were not thought of as keys in the past so fewer MS examples exist thus the higher pricing. I am not trying to bring a doom and gloom to the Lincolns, I just do not want to see people invest their money into them and watch the prices fall when 2009 comes. If people are looking for advise, my only advise would be to not invest more than you can afford to lose. I could be totally wrong, maybe it is from the years of trading penny stocks and watching people lose there children's college funds on some "sure thing", and watching how message boards influence peoples trading habits. I have watched first hand the power of the internet and message boards, things you would never think could happen do. Good luck and as I used to say "happy trading". Edited by chrsb
11/30/2007 11:40 am
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Pillar of the Community
United States
1283 Posts |
I'm still working on completing my set, and it's the first set I've ever started. MAN is it a tough set to complete! Expensive keys, hard to find better dates (hard in higher grades) and a LOT of holes to fill. I can't wait until it's done :o) Next I'm going after the Peace dollars, there's like 3 keys that "reasonable" in mid grade and not so many holes. I've considered selling my Lincolns if there's a big 2009 spike, but I'll probably just end up keeping them. I'd hate to sell away all of my hard work. Edited by USArmyParatrooper
11/30/2007 11:59 am
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Pillar of the Community
United States
5318 Posts |
quote:
but if you look at the trends for Lincolns there has been a steady increase in value....If enough people are buying to sell in 2009 then there will be a surplus of sellers to hopefully go with a surplus of buyers, if not you could see a drop in prices come 2009.
Yes, I also notice that trends for key Lincolns have been double-digit YoY since 2000, which is a bit above long-term historical trends. Whenever everyone thinks something will be a sure thing, it just might not turn out that way. I think collectors who choose coins that have intrinsic value due to rarity, aesthetic, or historical factors will do ok. It's even better to discover rarities yourself.  |
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Valued Member
Canada
187 Posts |
Just curious here as I'm not very familiar with American numismatic history, but did the State Quarter program increase only the interest in quarters, or was it more of an increase spread across all types of coins? If it was the second case, who's to say that Buffalo nickels won't experience the same (or greater) increase as the Lincoln cents? |
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Pillar of the Community
United States
7123 Posts |
While true the State Quarter program brought alot of new collectors into the hobby,,and some will stick with it and eventually begin to collect other series ,,its also true that many are just collecting the quarters and once completed they will not continue . just how many will stick with it is anyones guess ,,and exactly what the result on other series will be is at this point speculation . The Lincoln series on the other hand is a serious collector market ,,as was mentioned above the number of Keys and semi keys and the cost of these in the market today requires some serious effort to complete . Metalman |
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Pillar of the Community
United States
2764 Posts |
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Pillar of the Community
United States
5318 Posts |
I'm just curious--what do people here think about cleaned coins?
I have nothing against them, but a key coin that's slabbed as "cleaned" aka damaged) might be harder to resell someday.
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Bedrock of the Community
United States
19931 Posts |
I will never sell my complete collection, it's for my daughter when I bite the dust. I have no fear, by the time she may ever think of selling it, it should be worth a lot of money (she's only 11 now). I only need one more coin and it will be a complete collection of all biz strikes, proofs from 36 up, and some errors and misc toned coins.
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Valued Member
United States
382 Posts |
I agree 100% on the keys. I am in the process of buying a few here and there now. I think they will be a good "investment" ragardless of the main coin market.
Tony
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Pillar of the Community
United States
1283 Posts |
quote:
I have nothing against them, but a key coin that's slabbed as "cleaned" aka damaged) might be harder to resell someday.
A cleaned key isn't really harder to sell. You just have to accept that it's not going to command 'problem free' prices. I never buy cleaned coins, not because I dislike them aesthetically (it's often difficult to spot), but because I feel it's somehow tainted. |
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Replies: 11 / Views: 997 |
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Posted 11/30/2007 11:38 am
