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 Replies: 43 / Views: 6,180 |
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Valued Member
Canada
93 Posts |
Thanks, Sid, it was an interesting read.
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Valued Member
 United States
419 Posts |
Quote:
Here is an example of some of the registry insanity that goes on with modern Lincoln cents
$2,137.50 USD You have got to be kidding me! I would much rather have on nice XF bust dollar than a bushel of those 1981-s Lincoln cents. Even more weird from the Coin Week article Quote:In 2003, we saw the sale of the first of the 1981-S Lincoln Cent in PR70DCAM, which brought a record price of $8,050.00 (cert#7706756). Course there is no disputing tastes. But I remember Beanie Babies bringing big bucks as soon as they came out. People waiting in line at stores for the delivery truck to arrive. Anybody want to buy some tulip bulbs? Then again I recently sold a PLASTIC fishing lure for over $2500 in an ebay auction. I thought it was a modern one made for Japan - worth about $10. Apparently it was from the 1970-80s (big deal) and several bidders wanted it. INHO anybody it coins for the long haul and expecting to sell at some point, should avoid paying 213,750 times face value for a modern Lincoln Cent. Edited by John K
09/01/2019 5:29 pm
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Bedrock of the Community
13014 Posts |
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Like the 1945 5 cents 1945 PCGS Ms-67+ who sold for 3162$ + taxes in a Tcnc auction in 2018, there is somme crazy prices for common coins in top condition However when it's at the top of the condition census it's no longer common. Quote:
Two different situations. I doubt there are many folks how would pay $4000+ for a MS67 1918 US cent. It is understandable when it is a rare coin in top grade, but hard to understand for something so common. Big bucks are chasing common coins with little tags that have MS67 on them. A 67 wouldn't be comparable, but the 67+ with a population of 7 with 1 finer would be and the last sale for one of those was for $4,800 USD. The 68 would be over 10k easily if it was put up for auction. There's nothing common about the the cream of the crop grades for any of these |
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Pillar of the Community
Canada
1984 Posts |
The hobby has an ongoing debate between those who strive to collect the absolute finest and those who see this pursuit as being a bit silly. We are in a world where people pay $100 million for a painting. So $5000 for a registry set winner....does not seem that crazy. Unless of course you are part of the 99% of the world.
Edited by Smallcentguy
09/01/2019 11:10 pm
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Pillar of the Community
United States
7042 Posts |
Nice read from Coinweek also by hearing everyones viewpoints
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Bedrock of the Community
13014 Posts |
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So $5000 for a registry set winner....does not seem that crazy. Unless of course you are part of the 99% of the world. Everything is retaliative. The majority of the world would consider paying more than face value for anything crazy as would every homeless person and everyone in many countries who make pennies a day. Things should be looked at in perspective. If we really want to get into the having to much money aspect of things then look at it from a 3rd world country or homeless persons perspective and ANY collecting is crazy, otherwise be happy for the buyer and celebrate that collecting is popular enough for someone to spend money on the item. |
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Valued Member
United States
419 Posts |
current bid up tp $4920 with the buyer's premium
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Valued Member
Canada
50 Posts |
Edited by Sid Belzberg
09/06/2019 6:31 pm
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Valued Member
United States
419 Posts |
one of these days somebody will tell the emperor that he hasn't any clothes on. But for now I guess slabs have the upper hand.
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Valued Member
Canada
111 Posts |
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Bedrock of the Community
Australia
21788 Posts |
Buy an Indian 1/4 Anna of George V in MS67 instead.
The design both sides looks almost the same. Same planchet.
With a bit of looking, they can be had for $10 each.
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Valued Member
United States
419 Posts |
Which would you rather have - 1. the one graded MS66RD or 2. the one graded MS65RD and and $4534 that is the price difference for these two in recent auctions. I say the emperor has no clothes on.   |
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Pillar of the Community
 Canada
5589 Posts |
I think that he has been naked for a long time.
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Pillar of the Community
Canada
1984 Posts |
We all in the hobby have our quirks and foibles. Some like the prettiest ones. Others search endlessly and/or pay greatly for minor variety differences among pretty common dingy old coins. Is there really a difference? Each is trying to collect something that is rare by his/her own definition.
Most of humanity think this all crazy regardless.
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Valued Member
Canada
50 Posts |
I can say that back in the day when we bought coins many were still raw and were put in holders only when we sold the collection. That particular coin was purchased raw as part of the late Douglas Robins personal collection of large cents. He never ceased to amaze us with the treasures he salted away and was invaluable in helping us assemble an unrivaled collection as did so many of the other dealers during our quest for completion.
As for the coins in the picture, back in the day I would have probably preferred the lower graded one as it is more lustrous and better eye appeal despite a few very minor field distractions.
I always bought the coin and never the holder and it served me well.
Edited by Sid Belzberg
09/15/2019 5:37 pm
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Replies: 43 / Views: 6,180 |
First Page
Posted 09/01/2019 4:53 pm
