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 Replies: 12 / Views: 1,499 |
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Valued Member
United States
295 Posts |
I find it amazing how for a lot of coins, there comes a point where even a minor increase in condition will command a significant increase in price. For instance, I was looking at past auction prices for the 1944-S Lincoln Wheat cent. In MS-66 RD condition it is very affordable, going for 15 to 25 dollars. Raise the grade to 67 and the price jumps up a little, but it's still relatively cheap at 55-75 dollars. But when you move up to 67+, it starts going for thousands. Check out these two auctions: https://coins.ha.com/itm/a/1238-7184.s - Sold for $1527.50 https://coins.ha.com/itm/a/1239-7203.s - Sold for $3290 Isn't that impressive? Just the addition of a plus to the grade - not even going up to 68 - can raise the price from $60 to $3000! Seeing this makes me all the more satisfied with the MS-66 RD I picked up last week for under 20 dollars. |
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Pillar of the Community
Canada
683 Posts |
Didn't a 2006 LMC in MS69 sell for 15k a few years back? |
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Pillar of the Community
United States
3323 Posts |
 ...Hmmm, so where did I put all those 2006s....? "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Valued Member
 United States
295 Posts |
Quote:Didn't a 2006 LMC in MS69 sell for 15k a few years back? I couldn't find any information about that, but it made me wonder what the most expensive Lincoln Memorial cent was (excluding errors). I searched the Heritage archives and came up with this: https://coins.ha.com/itm/proof-Linc...Lot=1x=0&y=0A 1963 Lincoln graded PR-70 DCAM by PCGS apparently sold for over $40,000 back in 2004. Now that's pretty shocking - both that such a coin exists, and that someone was willing to pay that much for a modern. |
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Pillar of the Community
Canada
683 Posts |
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Rest in Peace
United States
17900 Posts |
Since relatively accurate records exist for NGC and PCGS, and when collectors have gained the ability to understand the small incremental grade differences then those minor changes are certainly worth those high prices.
There are many instances of both dealers and collectors doing very well by having that ability to accurately judge those differences.
There are a lot of collectors buildings type sets. If they can, buying the best possible example is almost always best. It might slow down your number of coins but it will raise the value of your collection with those nicer coins.
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Rest in Peace
United States
1559 Posts |
$40,000! That is a %4,000,000,000 increase over face value! Or $39,999.99 profit  |
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Pillar of the Community
United States
6130 Posts |
I can't understand that kind of silly money for any modern, but I am doubly shocked that people pay top dollar for 69-70 zincolns. I've heard horror stories about those starting to break down, even in slabs. I believe one certified 70 developed a carbon spot and was bumped down to a 69 or 68... like checking your 401k to find it full of nothing but moldy turnips!
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CCF Advertiser
United States
1533 Posts |
This is a relatively recent TPG driven phenomenon. The advent of registry sets encourages people to chase after an extra point for a coin so they can move up in rank. This common coin, conditionally rare did not exist before TPGs. If there is no way the coin would sell for that raw under any circumstances, then it is not worth that slabbed. Edited by Andrew99
01/22/2018 09:16 am
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Bedrock of the Community
United States
17884 Posts |
Quote:
Now that's pretty shocking - both that such a coin exists, and that someone was willing to pay that much for a modern. It doesn't exist, at least not anymore. Both that 1963 PF-70 and the 2003 MS-70 mentioned in the PCGS news article both developed spots after they were slabbed. |
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Valued Member
United States
330 Posts |
Have you seen the ones for Morgan dollars? 1884S: AU55 $585, AU58 $2650, MS60 $9750 1901: MS64 $57500, MS65 $500000 1921S: MS64 $170, MS65 $1550 (NGC prices) |
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Pillar of the Community
United States
2271 Posts |
Quote:
I can't understand that kind of silly money for any modern, but I am doubly shocked that people pay top dollar for 69-70 zincolns. The common wisdom is paying millions for scarce classics is better than paying far less for unique moderns. I'd wager this won't be the "common wisdom" a generation from now. Time don't fly, it bounds and leaps.
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Moderator
 United States
188130 Posts |
Quote:
I'd wager this won't be the "common wisdom" a generation from now. A winning wager, I believe.  |
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Replies: 12 / Views: 1,499 |
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Posted 01/21/2018 7:44 pm
