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1924-S Lincoln

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BadThad's Avatar
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19931 Posts
 Posted 09/09/2008  7:00 pm Show Profile   Bookmark this topic Add BadThad to your friends list Get a Link to this Message Number of Subscribers
I must admit, I'm torn between a couple grades on this coin. I need some opinions on this one to help me decide. It's hard to capture the nice colors on this coin, I did my best, but coin is much prettier in-hand. The entire reverse field shows beautiful color when tilted....the obverse just a little.

1924-S-Lincoln

1924-S-Lincoln

1924-S-Lincoln

1924-S-Lincoln

1924-S-Lincoln
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Edited by BadThad
09/09/2008 7:05 pm
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chrsb's Avatar
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936 Posts
 Posted 09/09/2008  7:04 pm  Show Profile   Bookmark this reply Add chrsb to your friends list Get a Link to this Reply
EF45, there seems to be wear on the wheat heads on the reverse and some on his beard. Nice coin, I am in the process of upgrading my 20's and teens right now!
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BadThad's Avatar
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 Posted 09/09/2008  7:09 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
I'm looking for all MS coins anymore, but this coin was so pretty I just had to have it. There wasn't a single MS 1924S at the last show. These are very tough! These fall into what I like to call a "sub-key", one step below semi-key, but a lot harder than you might think.
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chrsb's Avatar
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 Posted 09/09/2008  7:50 pm  Show Profile   Bookmark this reply Add chrsb to your friends list Get a Link to this Reply
Thad,

I am sure you are like me and the search has gotten a lot harder to find coins that will go into your collection. In the past I would buy one just to fill the hole, now it has to have character, be MS, no carbon spots, no scratches and a good buy. I used to get all excited when I went to a coin show, now it is almost depressing that I can go through 50 tables and not find one that I need to upgrade ( I do find some that I like, those are the ones over graded and priced wrong). I end up walking out with another 09 VDB that has some sort of color to it.

The more I look at this I am leaning toward AU50 now.
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 Posted 09/09/2008  8:59 pm  Show Profile   Bookmark this reply Add bmanofnbc to your friends list Get a Link to this Reply
I'd call it Au50 but it does have really good eye appeal.

it makes most of my Lincolns look BAD!
Edited by bmanofnbc
09/09/2008 9:06 pm
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19931 Posts
 Posted 09/09/2008  10:27 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
I am sure you are like me and the search has gotten a lot harder to find coins that will go into your collection. In the past I would buy one just to fill the hole, now it has to have character, be MS, no carbon spots, no scratches and a good buy. I used to get all excited when I went to a coin show, now it is almost depressing that I can go through 50 tables and not find one that I need to upgrade ( I do find some that I like, those are the ones over graded and priced wrong). I end up walking out with another 09 VDB that has some sort of color to it.

The more I look at this I am leaning toward AU50 now.


Wow, you and I are in the same phase. That's EXACTLY how I feel. I usually see just 3-4 coins at the shows I really like, they end up being $300-$3000 coins....and not really a good deal and over-graded a bit. When a Lincoln that fine gets into a dealers hands, they can be very tough or impossible to negotiate with. The problem is the price difference from MS63 to MS64 to MS65 can be gigantic depending on the year. When the coin is really nice, they tend to the higher grade even if I point out the hits or flaws that bring it down.

While I respect a lot of the old guys selling, they think they're better at grading Lincolns than they really are because they've been doing it for 30 years. The problem is, they have to be "experts" at every coin....and I think think that influences their Lincoln grading negatively.

There's a really old guy there I've bought a lot of Lincolns from. He has this 1919D that is beautiful, nice red and original. He has it priced at MS64 $330, and I think it's very close to that, but closer to MS63+ $125. That's a helluv a price spread! He's had that dang coin for 6 months now and he just won't budge. I've asked him 6 times to sell it to me for $150 which is above MS63 ask....arrrrggggg.
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 Posted 09/10/2008  9:17 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
OK, time to spill the beans, I'm torn between EF45 and AU50. I think I might just call it EF45 to be conservative, I'd rather error on the low-end rather than over-grade.

The problem here is I think there's a die spacing issue that makes the cheek and hair look more worn that it actually is. I also think that there was some die wear on the portrait. Note the "scratchiness" on the shoulder, that is indicative of dies spaced too far apart, those are usually not from wear, just part of the planchet that didn't get pressed properly. Some of the years are very, very difficult to grade unless you just do a technical grade. I'm not a huge believer in technical grading because I believe with the early Lincoln series one needs to consider die spacing and die wear. IMO, a grade should only represent true, physical wear. See why Lincoln's are so tough?! The early years can be very difficult to judge.

Anyone else?
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Edited by BadThad
09/10/2008 9:26 pm
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