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Why Did This Penny Sell For So Much?

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Valued Member

United States
322 Posts
 Posted 06/24/2008  12:08 am Show Profile   Bookmark this topic Add mikep to your friends list Get a Link to this Message Number of Subscribers
This Lincoln Cent sold for almost $400.00. Why? Because of the toning?

http://cgi.ebay.com/1922-D-Lincoln-...ed_W0QQitemZ150259138881QQihZ005QQcategoryZ39456QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
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SpringCypress's Avatar
United States
666 Posts
 Posted 06/24/2008  12:19 am  Show Profile   Bookmark this reply Add SpringCypress to your friends list Get a Link to this Reply
The only thing that makes sense is that whoever bought it thought that is was a MS60-61 Weak D... It's not... but that's what the selling price suggests that it is...

I suspect someone's going to be upset when they get this one in the mail.
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tights24's Avatar
United States
2254 Posts
 Posted 06/24/2008  06:27 am  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
The listing states it's a PCGS MS64, so I don't know why there would be confusion. MS63 pricing is around $140. Can't find any 64's on a quick Teletrade search, but that may be legitimate pricing for the next jump. Probably depends on current population.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 06/24/2008  08:34 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Confusing......the '22 D is vastly different in prices comparitively with the "weak D" .......makes ya wonder what's up here !.......somebody's got something wrong !
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halfabustisbetter's Avatar
United States
1984 Posts
 Posted 06/24/2008  08:54 am  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list Get a Link to this Reply
MS-64 RDs sell for 500-550, so this one isn't too terribly out of line.
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