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 Replies: 13 / Views: 2,020 |
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Valued Member
United States
100 Posts |
Since becoming a teller I collect all the wheaties I can. About three a day. I have gotten several 1910's, 1914, 1918, and many many 1920+. Today I found a 1909 VDB. I didn't think I would find this in change, so it makes me think they are not as rare as I thought they were.
Am I wrong?
I'll try to get some pictures up too, it's been cleaned before.
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Pillar of the Community
United States
717 Posts |
Almost 28 million minted, and with the VDB being removed from the coins, many were pulled from circulation and saved. Not a rare coin, but I would have to believe it is a rare find in the wild!
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Pillar of the Community
 United States
5828 Posts |
a LOT of them were made, and a lot of them were saved en masse.
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Pillar of the Community
United States
7614 Posts |
....and 1909-S VDB's aren't really "rare", either. They just carry a high premium because they are the key to the series. More than likely, well over 99% of the original mintage was pulled from circulation within the first few years after being issued.
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Bedrock of the Community
United States
94367 Posts |
 Saved in staggering numbers as a first year of issue, and then even more so when the elimination of the VDB was announced. |
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Bedrock of the Community
United States
94367 Posts |
When I was a kid, the '09VDB wasn't a big deal when you found one. It has only risen in value because of it's status as a so-called "type coin" rather than its scarcity.
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Bedrock of the Community
Australia
21786 Posts |
It is only the 1909 'S' VDB that is scarce; 484,000 struck.
The 1909 VDB? Nearly 28 million srtuck.
That's a ratio of nearly 1 in 60.
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Pillar of the Community
United States
1187 Posts |
I actually just pulled a 09-vbd from an "unsearched" lot on ebay. Also got 3-4 1909-p. |
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Pillar of the Community
United States
1249 Posts |
I see some many 1909 s vdb and they go for so much but they are only a key date because we make them so. It's not like there is a shortage. And so what is every key date worth thousands? . I mean if we are talking value for rarity I would think something like a big Cud on a State Quarter or even a big Cud on a Wheat penny with at least a decent grade. The numbers there are small compared to the mintage number of something like a 1909 s vdb. Also it is a mistake . What about wide a.m. Lincoln ' s 1998 -99. How many of those where minted. Shouldn't their value be higher? |
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Pillar of the Community
United States
717 Posts |
Value is based on supply AND demand. The Lincoln Cent is probably the most collected coin on the planet. Thus demand is much higher for the limited supply. |
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Bedrock of the Community
United States
94367 Posts |
It's a type coin, like it or not, so it fetches multiples of its comparative worth. It is akin to the 1864-L IHC but many times more common. If you're a type collector, then just stump up. |
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Pillar of the Community
United States
1249 Posts |
Glad I'm an error collector foremost. I prefer actual rare coins.
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Pillar of the Community
United States
4932 Posts |
They still have a decent premium on ebay. $5-10 in avg condition |
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Pillar of the Community
United States
4588 Posts |
It's the romance, the story... long ago and a different world...
Most coin's values aren't strictly rarity based!
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Replies: 13 / Views: 2,020 |
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Posted 11/14/2015 5:38 pm
