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1909 S VDB-Values 60 Or More Years Ago?

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oriole's Avatar
Canada
5239 Posts
 Posted 10/05/2017  5:48 pm Show Profile   Bookmark this topic Add oriole to your friends list Get a Link to this Message Number of Subscribers
Just as a matter of pure curiosity, what would this have sold for 60, 70 or more years ago. How about a range of prices, from VG to MS60?

Somebody must have some old catalogues.

The reason for the question is that I am wondering how the price of this key date has gone up compared to other dates.
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WheatBackPenny's Avatar
United States
406 Posts
 Posted 10/05/2017  6:08 pm  Show Profile   Bookmark this reply Add WheatBackPenny to your friends list Get a Link to this Reply
Check out this link: it has the value of several key dates in Lincoln Cent series with their value over time: http://www.us-coin-values-advisor.c...1909-S%20VDB

According to that site the 1909 S VDB in G4 was worth the following amounts:

1950: $5
1980: $200
1995: $350
2009: $900
2017: $610

Of course, I am not sure how accurate some of these values are, but it should give you a good idea.
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westernsky's Avatar
United States
7617 Posts
 Posted 10/05/2017  6:40 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
The 09-SVDB was recognized as a special coin shortly after it was released. It was pretty much hoarded from the get go. Many were saved in high grades. I would estimate the survival rate is as pretty close to 100% of the original mintage as you could get!

I just looked through some old catalogues of mine from the 60's and the SVDB was readily available in mid and high grades. The price disparity between "circ" and "unc" was not that great by today's standards. My March 1969 issue of Coinage magazine shows them being offered for sale by "DE Benge" in California for $105 in "good" and $130 in "very fine". (On a side note this dealer had a $3 minimum order and charged 40 cents postage on unders under 30$!). Surprisingly, I could not find them in any ads where they were being offed in "unc" condition.

My 1931 B Max Mehl Star Coin Encyclopedia and Premium Catalog doesn't even offer to buy them! My 1952 B Max SALES price list number 31 shows a blank (.....) for both the 09-S and 09-SVDB. Evidently the prices for those were volatile and speculative during that time period. On a side note B Max offered 1856 Flying Eagles for 150$ in good and 375$ in Unc! Sounds cheap but it was still a lot of money for the working stiff in the 1950's!

It's nice to travel back in time and look through these old catalogs and price lists.


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Coinfrog's Avatar
United States
94367 Posts
 Posted 10/05/2017  7:07 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I think WheatBack's numbers are pretty realistic. It is not a rare or even scarce date, but it is surely in ever-growing demand as the series key.
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oriole's Avatar
Canada
5239 Posts
 Posted 10/05/2017  7:12 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Thanks, CCF guys. From the limited sample provided in the link, all the key dates had roughly the same appreciation over the years.

One thing that puzzles me a bit is that if so many were saved, why is the price so high? 484,000 were minted. Are there 484,000 collectors who want them? Are there even 484,000 collectors in the US?
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mtuma3's Avatar
United States
744 Posts
 Posted 10/05/2017  7:15 pm  Show Profile   Bookmark this reply Add mtuma3 to your friends list Get a Link to this Reply

Quote:
1950: $5
1980: $200
1995: $350
2009: $900
2017: $610


In 2017 Dollars:
1950 - $50.94
1980 - $595.92
1995 - $563.86
2009 - $1,029.97
2017 - $610
Mark
ANA Member

My7070
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Crazyb0's Avatar
10197 Posts
 Posted 10/05/2017  7:18 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Seem to remember a story of the mint limiting how many of the "new" cent would be distributed per customer, limited to ten I think it was. Paperboys who got them in change were selling for 5c each because of the run on them. Remember SF minted 1909S Indians, S-VDB's and plain S's

My reprint Red Book from 1947 Lists 09SVDB as Fine=$8.00 Unc=$15.00 The lowly Philly VDB was $.05 for Fine, $.20 for Unc and a whopping $6.00 for a PROOF!
Edited by Crazyb0
10/05/2017 7:21 pm
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Coinfrog's Avatar
United States
94367 Posts
 Posted 10/05/2017  7:23 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Think of the opportunities if you were a small cent collector on the west coast in 1908-1915!
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basebal21's Avatar
13014 Posts
 Posted 10/05/2017  7:26 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
One thing that puzzles me a bit is that if so many were saved, why is the price so high?


Because it has always been pushed as a rare key since the start. It wasn't really until the internet and the TPGs that some of the keys were exposed for how available they really are. If you had enough money you could basically build a grading set of it in a day. Even with that happening though you still have a lot of collectors who grew up thinking it was a special coin so it is still special to them.

It does have the S VDB going for it being an S mint and a coin in the series that isn't like all the others.


Quote:
Are there even 484,000 collectors in the US?


There's far more collectors than that.
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oriole's Avatar
Canada
5239 Posts
 Posted 10/05/2017  8:07 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
So the prices might be artificially high. It might explain why they have softened quite a bit since 2009.

Well, if there are more than 484,000 collectors, there will always be considerable demand for the 1909S VDB.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 10/05/2017  8:07 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
You can count on it.
Edited by Coinfrog
10/05/2017 8:09 pm
Bedrock of the Community
United States
10284 Posts
 Posted 10/05/2017  11:21 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
I have a catalog from 1943 and posted it in a link here years ago on CCF
http://goccf.com/t/94285&whichpage=2#784343
Looks like the 1909 S VDB was a $2.00 coin in Unc
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rking007's Avatar
United States
784 Posts
 Posted 10/06/2017  12:02 am  Show Profile   Bookmark this reply Add rking007 to your friends list Get a Link to this Reply

Quote:
I have a catalog from 1943 and posted it in a link here years ago on CCF
http://goccf.com/t/94285&whichpage=2#784343
Looks like the 1909 S VDB was a $2.00 coin in Unc


Holy cow... look at some of the other entries! 1856 FE $10, 1877 IH $1, 1909s IH .75...

I need a time machine...
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WheatBackPenny's Avatar
United States
406 Posts
 Posted 10/06/2017  06:51 am  Show Profile   Bookmark this reply Add WheatBackPenny to your friends list Get a Link to this Reply
According to the catalog those were the prices that the dealer would pay, so it is not quite as low as you would think. That is certainly a cool piece though!
Bedrock of the Community
United States
20753 Posts
 Posted 10/07/2017  12:24 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
Well, if there are more than 484,000 collectors, there will always be considerable demand for the 1909S VDB.

However, remember that similar to the 1916D Mercury dime, China has been making many, many of those for a long time. Many fakes have been made by gluing an S to a VDB Cent. So out of the 484,000 originally made by the Mint, today we could well have billions of those floating around. I've always wondered how many collectors have a fake one in their Albums and don't know.
Glad so many replies about values. I have all the Red Books from 1st to present and they saved me the trouble of running around looking this all up.
Edited by just carl
10/07/2017 12:25 pm
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edweather's Avatar
United States
7375 Posts
 Posted 10/08/2017  08:46 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
As a kid, which was in the mid-late 1960s, I remember checking out the RedBook and noticing the 1909 S VDB was a whopping $110. Am assuming that was in G +/- condition.
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