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 Replies: 23 / Views: 3,908 |
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New Member
United States
5 Posts |
Hi this is my first post, I got lucky with this coin I used to work at a bookstore upstate NY and someone gave it to me as change. So I have had the coin for over 8 years and never knew it was worth anything had it just rolling around with my other pennies. So there is hope out there that you may receive one in change lol.I brought it to a coin shop today and the guy said its low grade and he would give me $450 for it and said he would only get $550 for it at the same time you could see him drooling so I said you got a holder you can sell me lol thank you for your replies. and if you can recommend someone to professionally slab it I hope that's the right word please let me know. Image:  penny.jpg20.85 KB Image: img005.jpg80.01 KB Image: 800dpigood.jpg102.16 KB Image: 800dpigoods.jpg99.79 KB Edited by erocknlv
03/03/2008 03:17 am
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Pillar of the Community
United States
673 Posts |
Obverse picture is too small to see the details well, the reverse looks to to be VF-30, all the details remain in the wheat stalks with just a little wear. It might even go low end XF with a key date bump from a TPG . Greysheet bid for this coin in VF is almost $1000, I would be staying away from that dealer if I were you. A larger picture of the obverse could push the grade in either direction, I hope it is a nice as the reverse. In change no less......some people have all the luck ! Nice!! |
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Pillar of the Community
United States
1934 Posts |
Pendantically speaking, yes, in the spectrum of condition/grade ranges: Basal to MS 70, it's at the lower end of the "Grade" spectrum. Let's pretend we listened to the spirit and letter of the dealer's assessment of the coin (lower grades..as in, "poor.") In "poor" to "good" condition, if you could make out the 1909, the "S," and the VDB, it'd be worth between three and five hundred dollars. Now, let's pretend it's EF-40 (the condition I agree with). Between PCGS, Numismedia, and both Official Red Books listing this coin, your coin is worth no lessthan one thousand dollars. What printable comment can I make about coin dealers like the one you spoke to? NONE...not even with any benefit of doubt that he/she doesn't know what he/she is talking about. When a dealer doesn't know what he/she is talking about, they aint really "Dealers."  |
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New Member
 United States
5 Posts |
Thank you for the input Really appreciate it. Now do you think this coin is red or brown and do you all think I should hold on to this coin. do you think its price will sky rocket in the future I did some research and it says this coin goes up 10% a year
Thank you all for your great input!
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Pillar of the Community
United States
1934 Posts |
The resource I use to show any remarkable increase/decrease in value shows no movement up or down on this coin at the moment. Also, it's value, RD or BN is the same. There's a hypothesis that, because the 100th anniversary of the Lincoln Cent is next year, there will be a scramble and high demand for 1909 coins. On the outside, knowing the obsessive nature of coin collectors, if there is a real scramble and demand because of the anniversary, a $1000 1909-S VDB coin might fetch $1500. Fact is, there's always been a demand for this coin. I just dont know. On ebay, where we might take our chances, that coin might fetch $1000 to $1500 today. If your reason for holding onto it is that the price may "skyrocket," then you have a fair to middlin' chance it might in October and later this year. You also have a fair to middlin' chance of getting the same amount today. Either way, dont sell it for less than $1000. To close, because you received it as change, it's all gravy. When do you want the profit? How much profit do you want? |
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Forum Mom
 United States
5877 Posts |
I think your coin could get an XF45 grade from PCGS. The condition looks very similar to the one that I have for sale on the B/S/T section that I thought was a VF35 and came back XF45. For what it's worth, I personally find it difficult to grade Lincolns from pics and I'm not an expert in this series either. I hope my experience helps you out, though. If you decide to get it graded, I'd suggest sending it to PCGS and using the Express service. They are very hard on the grades and more apt to bodybag on a Regular or Economy submission (in my experience).
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Bedrock of the Community
United States
19935 Posts |
At least XF40-45 coin, worth over $1000 in today's market. I'd hang on to it, it's going nowhere but up....unless you really need the cash. An offer of $450 is far too low! It's a nice looking, problem-free coin. Congrats!
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
2600 Posts |
Pessimist on deck!
First, with the scratches on the jaw and cheek, heavy wear at 3:00 and ding on the rim at 5:00 and heavy wear on the back of Lincoln's head(all on the obverse) I cannot go higher than 35. The Reverse is obviously much nicer.
That said, does anyone besides me think that this coin has been cleaned? There is a nice brown (clean) circle in the center of the reverse with heavy dirt/tarnishing around all of the outside devises. Does not seem like normal wear and tear to me.
Still, a great coin and one I would love to have.
Jim
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Pillar of the Community
United States
1934 Posts |
It's a good question, Jim. However, if it's been cleaned, it's only been rubbed, rather than cleaned with solutions, in my opinion. Also, it has the tell-tale sign of simple circulation rub that happens in pockets and between fingers over what, now? 99 years? I think the coin is in pretty fab condition considering it was received as change.
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New Member
United States
5 Posts |
Thanks you guys for the input! do you all think I should have it graded on before I sell it on ebayand should I sell it as no reserve or start at $1000? any input would be helpful thanks again Eric |
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New Member
United States
5 Posts |
O and I think the scratches on the check bones that's cause its been rumbling around with my other pennies for 8 years
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Valued Member
United States
82 Posts |
WHAT A FIND! Many of us have day-dreamed about that very scenario. I would say you are looking at an EF-40. I would have it graded by PCGS and then hold it until late this year or early '09. People will be going nuts for all Lincolns. Congratulations!
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Pillar of the Community
United States
1130 Posts |
Wow ! Someone won the lottery. Congrats.
Looks VF35 to me.
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Bedrock of the Community
United States
10284 Posts |
Hang onto it, I'd let the air get to those scratches another 40 years and it will look even better then ever. Looks to me that the pro graders might give it a XF 40/45 and they will note the scratch. It looks like it happened by having been dropped face down then rubbed a short distance on a hard or even smooth concrete floor, and it looks to me like that happened maybe only 25 or 35 years ago.
Doesn't look too bad until you magnify it. Sure is a nice coin to have!
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Bedrock of the Community
United States
19935 Posts |
quote:
Thanks you guys for the input! do you all think I should have it graded on before I sell it on ebay
and should I sell it as no reserve or start at $1000? any input would be helpful thanks again Eric
Definately get it graded if you plan to sell. It will fetch a lot more $$$ in a holder from NGC or PCGS. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Bedrock of the Community
United States
19935 Posts |
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Replies: 23 / Views: 3,908 |
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Posted 03/03/2008 04:46 am
