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 Replies: 16 / Views: 1,663 |
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Pillar of the Community
United States
1083 Posts |
I sold some gold bullion I had in the safety box to finance the completion of my Wheat cent set. I just ordered a 1909-S VDB AU-53 in a NGC slab and a 1914-D VF-35 in an ANACS slab. I wanted slabbed coins due to the number of forgeries out there, although I think I could have spotted the fake ones. I will be cracking these out to place them in my Dansco album, but I will save the labels. There isn't much price differential between the circulated grades for the 1909-S VDBs so I opted for the higher circulated grade. The price on the 1914-D doubles between a VF-20 and XF-40, so the VF-35 seemed like a good buy. Hope these don't lose value in the next few years, but I sure feel good about having a complete Lincoln set of the old design. I have already begun to upgrade this set and will continue to do so in the future. I will post pictures of the completed album when I receive these last two coins and get them in the album. Happy Holidays! |
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Bedrock of the Community
United States
19935 Posts |
CONGRATS! That's a huge accomplishment!  While I don't like slabs and I've busted a few in my time.....I'd never break those keys out of the slabs personally. Should they ever need to be sold, they are far more valuable in the slabs. Just MHO. |
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Pillar of the Community
 United States
1083 Posts |
Good point Thad. I think the 1914-D has a shot at an XF-40 in a cross, but I am reluctant to break out the 1909-S VDB which is graded about as high as it is going to get at AU-53. Sigh! I sure like seeing those completed sets together.
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Pillar of the Community
United States
533 Posts |
I think that if you actually have a slabbed key such as the 1909s VDB that you don't want to break out of the slab there is nothing wrong with putting a non-key "place-holder" in its hole. For example a regular 1909 VDB in similar condition. If I ever get a 3-legged Buff that is probably what I will do.
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Pillar of the Community
United States
1083 Posts |
Great Idea MorganNoob. I have a nice XF 1909-VDB that I just received in the collection my uncle gave me. Now I can just look for a 1914. I like it!
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Moderator
 United States
187950 Posts |
Congratulations! Now here is my Two Cents regarding your Two Cents. No way would I ever put a "place-holder" in my album! Bust them out or get two lower-grade ones to fill the holes. Otherwise, just leave the holes empty so they can taunt you! Of course, it is easy for me to be so cavalier about breaking slabs because I never have the intention of selling any coins!  |
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Pillar of the Community
United States
533 Posts |
Quote:
Of course, it is easy for me to be so cavalier about breaking slabs because I never have the intention of selling any coins! I think I prefer to leave a coin as valuable and as counterfitted as the '09s-VDB in the slab for the protection, and not that I would ever plan on selling it, but things happen and in the event that I did need to sell it it would be much easier and quicker to get the full value out of it if it is still in the slab. |
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Bedrock of the Community
United States
10982 Posts |
Glad to hear you got what you wanted. VF35 is a very high grade for a '14-D. I'd consider some type an photo confirmation if you're cracking them out. ANACS use to do this by providing a good photo of both sides of the coin with their cert.
I'd get some hi-res digital images before and after the crack out. It won't be too many years before both of those coins are worth thousands.
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Moderator
United States
187950 Posts |
Quote:
and not that I would ever plan on selling it, but things happen and in the event that I did need to sell it it would be much easier and quicker to get the full value out of it if it is still in the slab. This is where I usually mumble something about "my cold dead hands" and then skitter away. But seriously, everyone, including Okie, needs to make their own decisions. You have your reasons and I have no reason whatsoever to convince you to do otherwise! That said, I absolutely agree with you, leaving it in the slab would be the best for maximum speed and value if ever came a time that it had to be sold.  |
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Moderator
United States
16677 Posts |
Quote:
leaving it in the slab would be the best for maximum speed and value if ever came a time that it had to be sold.
I could not agree more. Long term protection and profit gains swcoin.ecrater.com
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Pillar of the Community
United States
4541 Posts |
i would probably keep it slabbed
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Pillar of the Community
United States
7629 Posts |
I'm not totally sure NOW was exactly the right time to swap gold for these coins, but if it's what youwanted to do, more power to you. Gold was above $1000 an ounce just six months ago, and now it's back down below $850. I guess that's better than the $750 it was a couple of weeks ago, but it's still not at expected levels. I hope you got a jump on spot by at least 3%, because gold is tough to find right now. Premiums are all over the place.
As for getting the coins you got, you cannot go wrong with those. Both are overvalued, but will remain that way. They have always been overvalued and probably always will be overvalued. Lincoln cents are gaining a lot of popularity these days and have done nothing but go up for the past five years running. Logic dictates they will continue to do nothing but go up.
I probably would have done a Christmas in July thing if I were to have been in your shoes. Gold was at $1000 and the coins you just got were worth about $100 less than they are now. A potential of about $250-$300 lost because you waited. I'm personally inclined to sit on my metal until it goes back up. I'm sure it will, eventually.
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Pillar of the Community
United States
1083 Posts |
"A potential of about $250-$300 lost because you waited." I didn't lose anything by selling the gold now, because I didn't own it when gold was $1000 an oz. in July. It was a recent gift and I didn't sell all that was given to me. On the other hand gold demand is driven primarily by two factors, fear and as a hedge against inflation. Typically gold would be falling right now with the rest of the commodities like oil, but it isn't falling in price because there is a lot of fear out there. Who knows what it will do, but I bet it falls in 2009. Anyway, I used the gold which I care little about, to buy two collectible key dates that I wanted. I didn't buy the Lincolns for the investment value, but I bought them as a hopelessly addicted Lincoln Cent collector. Mea Culpa. Edited by okie-colin
12/15/2008 10:46 pm
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Pillar of the Community
United States
671 Posts |
Quote:Anyway, I used the gold which I care little about to buy two collectible key dates that I wanted. I didn't buy the Lincolns for the investment value, but I bought them as a hopelessly addicted Lincoln Cent collector. Good for you! I was never into that bullion nonsense either. |
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Pillar of the Community
United States
7629 Posts |
With having said all you've said - I don't blame you at all. Sounds like you educatedly did exactly what you wanted to do.
I never really considered the idea that you might not have had it for a while. It sounded like you waited and thought long and hard before making your move. Forgive my assumption, and enjoy the coins. I know I would.
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Pillar of the Community
United States
1121 Posts |
 Wow very cool! I have had my 14D VF on layaway and only have $100 left to pay on it!! I'm gitty! |
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Replies: 16 / Views: 1,663 |
Posted 12/15/2008 10:26 am
