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Limited Edition Lincoln Proof Set

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snitchard's Avatar
United States
420 Posts
 Posted 02/23/2009  3:53 pm Show Profile   Bookmark this topic Add snitchard to your friends list Get a Link to this Message Number of Subscribers
Hello,

In the February 23, 2009 issue of Coin World magazine I read that a special limited edition Proof Set will be released in the Spring featuring the new Lincoln Commemorative Silver Dollar and the 4 new Lincoln Cents. I can't find anything else on this set not even on the U.S. Mint's website. The article does mention that this set is limited to 50,000 units. I'm assuming this is not the 2009 annual Proof Set and I don't want to miss my chance at this set. Has anyone heard anything.

Thanks,
Rich
Rich M. - Collector since 2008
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jbuck's Avatar
United States
187862 Posts
 Posted 02/23/2009  4:16 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Yes, it is a special set and not the same as the regular proof set. As you said, it is being limited to 50,000 set.

There are several topics that mention the set, but none specifically about it.

https://goccf.com/t/41747
https://goccf.com/t/41531
https://goccf.com/t/42133
https://goccf.com/t/42473
https://goccf.com/t/42487
https://goccf.com/t/43131
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KenKat's Avatar
United States
4085 Posts
 Posted 02/23/2009  4:32 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
Shhhhh! Let's keep it quiet there - I want one too
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jbuck's Avatar
United States
187862 Posts
 Posted 02/23/2009  4:34 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It has been mentioned before, so I will mention it here.

What if the 95% copper cents that were authorized for this year are only available in these special sets and not any other of the regular issue proof or mint sets?
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KenKat's Avatar
United States
4085 Posts
 Posted 02/23/2009  7:26 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
My understanding was that the proof and mint sets were also to include the 1909 copper composition as well. But...stay tuned, sports fans...

Ken
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Elimist's Avatar
United States
632 Posts
 Posted 02/24/2009  01:31 am  Show Profile   Bookmark this reply Add Elimist to your friends list Get a Link to this Reply
I know I want one for my personal collection, but I'm also thinking about getting a second one as an investment. Like, what do you guys think?

As far as investment I'm thinking about the 1997 prestige proof set with the botanical gardens comemmerative, and the 1998-S silver proof set with the matte proof Kennedy half, and the 1999 silver proof set. These are all modern sets that have soared above their issue prices. Do you think this set will do the same thing?
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wif99's Avatar
United States
377 Posts
 Posted 02/24/2009  05:52 am  Show Profile   Bookmark this reply Add wif99 to your friends list Get a Link to this Reply
While it is true that Only 50,000 special sets will be produced,

500,000 Lincoln Dollars will be produced and many more than that of the pennies will be made in both Proof and uncirculated sets.

So it will be possible to put the set together in different packaging.

The only thing limited to 50,000 will be the packaging.

I often hear on forum "Buy the Coin Not The Holder" is that the case here or is the Holder going to make it worth more?
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eaglefoot's Avatar
United States
6326 Posts
 Posted 02/24/2009  08:42 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Hoping the "holder will make it worth more" as a "Prestige Set"......
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jbuck's Avatar
United States
187862 Posts
 Posted 02/24/2009  10:53 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
If any set has the potential to increase in value, this is the one. However, there are no guarantees, especially if the mint "goes cheap" on the packaging.
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jbuck's Avatar
United States
187862 Posts
 Posted 02/24/2009  11:23 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
What if the 95% copper cents that were authorized for this year are only available in these special sets and not any other of the regular issue proof or mint sets?
Just to follow-up, wif99 posted the answer in another thread.
Bedrock of the Community
United States
20753 Posts
 Posted 02/24/2009  1:31 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
This makes no CENTS. I don't see why the Mint has started with the limited edition stuff. I thought they just wanted to flood the market so everyone on Earth would be able to save our coins.
And as to the packaging. Yes, that always makes something cost more. Ever watch the Antique Road Show? Someone with a toy in the original box is told the price is XXX times more valuable due to the original box. Ever go to places where they sell those older little Hot Wheel Cars? In the original package they cost double. Me, I don't care. Anthing I buy I open. Why buy it if you can't see, play, throw, touch it? Coins maybe a little different, but 50,000 for millions of collectors, makes little CENTS.
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collect4fun's Avatar
United States
1151 Posts
 Posted 02/24/2009  9:21 pm  Show Profile   Bookmark this reply Add collect4fun to your friends list Get a Link to this Reply

Quote:
This makes no CENTS.




Another case where the word cent is a better choice of word than penny.

This makes no penny
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eaglefoot's Avatar
United States
6326 Posts
 Posted 02/25/2009  11:05 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply

Quote:
I thought they just wanted to flood the market so everyone on Earth would be able to save our coins.


Well.....so the lucky few will have a chance to have something that many will want but can't have.......unless they're willing to pay for it. I wish they would do this a little more often, instead of minting Billions of EVERYTHING !!

I know I'm going to try to get 3 sets.....keep one or two and then maybe in twenty years sell one. I sure would like to have something that goes up 300% or so from the issue price that I paid for it !........ THAT WOULD JUST BE SWELL !.....

Only time will tell us what happens.......all predictions are futile !.........
(could end up being only worth $18.00 more than issue price 25 years from now too !)
New Member
United States
17 Posts
 Posted 02/25/2009  1:51 pm  Show Profile   Bookmark this reply Add Mushroom to your friends list Get a Link to this Reply
I would not hold my breath on the release of these coins, the mint is going to be under great stress, with the passage of the new spending bill which was just passed. There is a great possibility that they will not be released, the newest Lincoln Cent were to be released to the public in mid February and the only coins which have been released so far were the ones at his home town.
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thingee's Avatar
United States
2177 Posts
 Posted 02/25/2009  2:32 pm  Show Profile   Bookmark this reply Add thingee to your friends list Get a Link to this Reply
I plan on getting 2 sets myself: one to keep and admire and one for possible invesment.
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Spider5689's Avatar
United States
2269 Posts
 Posted 02/25/2009  10:08 pm  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
I am also considering purchasing 2 sets, but I wonder if the Mint is going to place a strict limit of one per household on this one. I still remember the 2004 Westward Journey Coin and Medal Set, fiasco that emerged on the first day of release.
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