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 Replies: 24 / Views: 4,619 |
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Valued Member
United States
346 Posts |
I primarily collect IHCs, and my collection is nearing completion, but would it be wiser at this stage to invest in a mid-grade (VF-XF) 1909-S VDB than an 1877? Which will increase in value the most over the next year or so?
I have $2000 or so to spend, if that makes any difference.
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Moderator
 United States
16679 Posts |
I would go with the 1909-S VDB. I have a couple reasons for this. First off, there is a larger collector base due to the popularity of the Lincoln Cent. Second, the original mintage of 484,000 as opposed to the 77's 852,500 and smaller collector base, make the 1909-S VDB historically much more sought after and would be easier to sell should you go that route in the future. Just my opinion. Good Luck! These are both key-dates of the series and both winners. Just remember, if you don't know how to diagnostically authenticate these coins raw, buy certified. PCGS or NGC would be your best bet. They both have been highly counterfeited. swcoin.ecrater.com
Edited by vermontensium
07/04/2008 5:53 pm
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Pillar of the Community
United States
1801 Posts |
I would go with the 1877 IHC. Finding a nice one will be a much bigger/rewarding challenge. I think vermontensium is missing an important point when he looks at the mintage numbers and feels lower mintage makes it more desirable. The 1909s indian has a mintage of only 309000 yet is priced around $1200 in MS63 vs the 1909svdb Lincoln at 1200 in fine. Both of these coins were saved and hoarded by the public in their year of issue and the pool of available coins is really large. They are only scarce in circulation because they were all pulled out early. The 1909S VDB is expensive because it is so popular, not because it is "rare". Call any mid size coin store and they will have one or 2 or more in stock. With the 1877 Indian Head, no one saved them, this coin is a sure winner....it is rare and it is popular. Call around and see who has a nice AU or Unc for sale, not very many people. Good topic for discussion, mintage doesn't equate to rarity, and the key to success is rarity and popularity. Looking in my 1963 RedBook (gift from dad on my 9th birthday) the prices were as follows 1877 Unc = $400, 1909sVDB Unc = $165. Looking in "Coin Values" today we have the 1877 unc63 =$5500, 1909SVDB Unc63 = $2200. The SVDB seems to stay at approx 40% of the value of the 77. |
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Pillar of the Community
United States
1984 Posts |
I have to be honest, my instincts say the 1877 if you are buying and holding and the 1909-S VDB if you think you're going to need the money again next year.
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Pillar of the Community
United States
2443 Posts |
Which one do you like the best? Go with that one.
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Valued Member
 United States
346 Posts |
My coin dealer offered pretty much the same explanation as jfransch's. I'm concerned about the centennial of the Lincoln Cent next year, and how that's going to affect the price of the S-VDB over the 1877 over the next few years. At this point I'm still 100% undecided. |
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Pillar of the Community
United States
2443 Posts |
What happens when the centennial is over and a new design of the penny is introduced? Will people focus on that and forget the Lincoln causing it's prices to start to decrease?
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Valued Member
United States
346 Posts |
I highly doubt the price of the S-VDB will EVER decrease, not to mention the 1877. I know they're both gonna go up.
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Pillar of the Community
United States
860 Posts |
Price comparisons of Coinvalues for 9/2004 compared to Coinvaluesonline today show that ( assuming you are buying a $2000 grade coin today). COIN -- GRADE -- VALUE TODAY -- VALUE 9/04 -- %GAIN 1877 F12 $2000 1300 54% 1909SVDB MS60B $2000 1400 43% My favorite choice would be 1955/55 AU50 $2000 1400 43% If you plan to sell it in a year or two, buy the one you like the LEAST, otherwise you may not be able to part with it. I like the 55/55 because next to it, the 1877 and the 1909SVDB are not as impressive ( IMO)  Do you notice that maybe the price of the coins hasn't increased so much as the value of the USD has dropped almost as large a percentage. I just used coinvalue prices as I have the old magazines available. Having the ability to buy any of the 3 above is a great situation. I don't think you could really predict which will increase faster. Jim |
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Pillar of the Community
United States
1231 Posts |
"Which will increase in value the most over the next year or so?" Why does this matter, unless you are going to sell it? If you are looking to make a quick profit then I would tell you to get the VDB. In my opinion the prices will climb a little next year due to the centennial. If it is more important for you to finish your IHC collection, then get the 1877 |
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Valued Member
United States
486 Posts |
77  -PP |
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Valued Member
United States
239 Posts |
I would pick the 1909-S VDB. The 100th anniversary of the Lincoln Penny is coming up, and that may have a significant impact on its value. |
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Valued Member
United States
486 Posts |
The 100th anniversary will impact the value of IHC just as much as the Wheat penny because it will make IHC one penny series older than they were before. IHC, Wheatie, Memorial, '09 lincoln. Buy the oldest coin before the newer coin before the older coin is out of your price range. Remember, although they minted less S-VDB's, the 77 is still 32 years older. Older keys are generally more expensive than newer ones. In addition people saved MUCH more S-VDB's than 1877 Indian Head Pennies. I would go for the 1877 IHC. Best of luck, PP |
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Pillar of the Community
United States
2443 Posts |
Quote:
Why does this matter, unless you are going to sell it? If you are looking to make a quick profit then I would tell you to get the VDB. In my opinion the prices will climb a little next year due to the centennial. He asked which ones are going to increase over the next year, so that might imply that he's thinking about selling it. Everyone is saying that the prices are going to increase, but no one knows by how much. Prices are already increasing because of whole 2009 redesign so it might not increase by that much. Plus, it's possible that more people might be waiting till the redesign to sell theirs and they might over flood the market with them and cause the price to decrease. Might also be that most collectors that needed the coin already bought it because they figured that the prices will increase in 2009. YET, I doubt any of this will happen, since the lincoln series is popular and their will always be a demand for it since it's the key. I would guess that lower grade examples would probably gain the most. I have an idea, why don't you buy both? Just get a lower grade of both to make up the difference? |
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Valued Member
United States
486 Posts |
On the contrary, I have heard and known from experience that high grade coins increase the most in value as compared to low grade ones. The higher the grade = the higher the demand. -PP
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Moderator
United States
16679 Posts |
I'm with Amazon99. I like his idea of why not just get both coins? If you purchased a Good 4 example of each coin, you should be able to pick both of these up for about what you are willing to spend. You will have the best of both worlds, plus both WILL increase in value over the years, regardless of grade. I would buy only "no problem" examples. They are out there. Most collectors want an example either to complete their collection or as a type coin. I do believe you will see a slight uptrend on 09-S VDB due to the release of the 2009 Lincolns.
swcoin.ecrater.com
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Replies: 24 / Views: 4,619 |
Posted 07/03/2008 10:07 pm
