| Author |
 Replies: 8 / Views: 840 |
|
|
New Member
United States
42 Posts |
One was graded by NGC in a multi-coin holder and the other one was a US Mint Abraham Lincoln Coin and Chronicle proof set. I know that many collectors like them graded, but it is a bit of a head-scratcher why someone would rather pay $331 for 4 Lincoln cents than pay under $50 for the entire Abraham Lincoln Coin & Chronicle Proof Set and get the silver dollar. Why such a price gap? They are both certified, one looks slightly better on display with a little status symbol. I will admit that I bid on the graded Lincoln Cents, I like graded coins, but wow, someone else wanted them a lot more. It just kind of took me by surprise.
Which one would you prefer, the graded Lincoln cents for $331 or the entire US Mint Abraham Lincoln Coin and Chronicle proof set just under $50?
|
|
|
|
Bedrock of the Community
United States
19112 Posts |
Yes, it's the occasionally curious behavior of the collectable marketplace.
|
|
Moderator
 United States
94728 Posts |
Somebody most likely thought is was a rare set..  |
|
Pillar of the Community
United States
3535 Posts |
Some people collect graded coins to amass a certain collection. They don't care so much about
the price as they do, completing the collection.
I own the 2009 Unc. Mint Sets, "D" & "P". The One Cents from those sets are quite unique because they
are minted on 95% copper and not the zinc plated blanks, so they are limited production.
|
|
Moderator
United States
187582 Posts |
It happens. I bought the Eisenhower C&C set (2015 Presidential dollar and silver medal) from the Mint for $57.95. I later bought the PCGS graded dollar and medal for... a lot more than $57.95... so that I could add them to my PCGS Ike set.  |
|
New Member
 United States
42 Posts |
I get it. I would've paid more for the graded Lincoln cents, but not nearly as much as what they sold for. I could've gotten 5 US Mint Abraham Lincoln Coin and Chronicle proof sets and had money left over just from buy-it-now listings. To me, that would make more sense as an investment because you are getting close to 5 ounces of silver along with the collectible value.
|
|
Moderator
United States
187582 Posts |
Quote:
...and had money left over just from buy-it-now listings. Which you probably could have used to get the cents and dollars graded yourself.  |
|
Pillar of the Community
United States
1613 Posts |
I own the Chronicles set, and must say it's one of the best to come out of the mint in the modern era. As for the NGC multi-set, you didn't mention the grade. In a 70, which is on the difficult side, I would think it to be a fair price ($75.00 per coin). Not so if a 69. I'm also curious as to the number of bidders driving it to that closing.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
|
|
Moderator
United States
187582 Posts |
Quote:
I own the Chronicles set, and must say it's one of the best to come out of the mint in the modern era. I agree! Of all the C&C sets, it has the most premium build! Dansco with slipcase premium!  The Teddy set is second. The others are more on the—I do not want to say cheap, but they are... cheap. I still love them though. |
| |
Replies: 8 / Views: 840 |
|
Posted 10/05/2024 10:30 pm
Uncirculated American Silver Eagles 
