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All Forums Category: US Coins and Currency Forums Forum: US Modern Coins

1991-S Proof Cent. Why The Price?

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johnny54321
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 Posted 07/18/2008  7:49 pm Show Profile   Bookmark this topic Add johnny54321 to your friends list Get a Link to this Message Number of Subscribers
Today, I received my lot of 1984-1995 lincolns that included 12 proofs for my dansco, forming a complete page. I picked up the entire lot for $20, and there are some very nice target toned cents as well. I was quite happy with it overall. What confuses me is why the 1991-s is SOO much more valuable according to the 2009 RedBook? I know that RedBook values are high to begin with, but it lists the 91-s for $23!?!?! The rest of the proofs for this set are between $4 and $9 each in PF-65. The 91-s has a lower mintage, but definitely not the lowest mintage. Why is it listed for so much more? Did a bunch of them disappear or get dinged up?

thanks,
John
biggfredd
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 Posted 07/18/2008  11:16 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Numismedia shows them at $11.10, still higher than other dates.

The proof singles market is very thin. At one time we were in the top five proof singles dealers in the US. One guy orders a roll of cents, and now what do you do with 50 each of the other denominations? It wouldn't take much hoarding of the date to accomplish this.
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