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 Replies: 8 / Views: 1,436 |
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Pillar of the Community
United States
1431 Posts |
I found what I believe to be a 1911 matte proof lincoln while searching a cent box a few months ago. It's not slabbed yet, but I checked for the die markers and I'm pretty sure it's legit.
I don't have any pics, so I don't blame you if you don't believe me.
Now I'm no grading expert, but by my observations the obverse grades about Pf-45, while the reverse is at least in the neighborhood of Pf-50.
It's definitely not a bad looking coin, but it's a little worn and has a nice lighter brown patina.
Since that makes it an impaired proof, if I got it slabbed by a respectable TPGS, would it carry a decent premium in sale?
I know the matte proof lincoln market isn't all that huge, but I was thinking maybe $150-$300? I'm just not sure.
Should I hold on to it until MPLCs get more popular? Need some opinions.
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Bedrock of the Community
United States
10982 Posts |
The odds are against your 1911 Lincoln being a proof but anything is possible. Only 1733 matte proof Lincolns were struck in 1911 and 925 pieces are estimated to have survived the last 100 years. It would need to be authenticated and slabbed by a major TPG and if it did slab PF50 it might be worth $150 or so. JMHO. |
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Moderator
 United States
23522 Posts |
Assuming it's identified correctly (your choice of words tends to make me believe you), I'm guessing it will have some intrinsic value. The only impaired Proof 1911 in Heritage Auctions was a Net 55 that went for $218 in 2004.
I kinda doubt the market for these will grow in any serious fashion. They're not terrifically hard to come by in higher grades, so an impaired example would probably sell from a standpoint of curiosity rather than intrinsic value.
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Pillar of the Community
United States
4989 Posts |
Can you post some pictures? I'd love to see the coin.
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Pillar of the Community
 United States
1431 Posts |
I'll have to hope this old scanner works, as my piece-of-junk digital camera can't get good focus on coins.
I'll try to get pictures up in the next couple of days.
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Bedrock of the Community
United States
19935 Posts |
I'd be surprized if it was an MPL.....but I have been surprized before. There have been a lot of Lincolns found that resemble an MPL. One of the most important identification methods is by the rim. The MPL's have a VERY square and perfect rim that's distinctly different from the business strikes.
Impaired or not, it would be easy to sell as they are rare. I would expect and authenticed, impaired MPL to sell for at least $400-500.
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Pillar of the Community
United States
1431 Posts |
That certainly is encouraging, Thad. I've taken a look at the rim, and it does seem to be a little more sharp than on my other wheat cents. In addition to this, the 1911 is not only my oldest cent, but also in better condition than the other 100 or so that I have; most of them being 30+ years newer. I hadn't found a single Wheat cent in boxes any better than VF until I found this 1911. Even then, the rim may not be as sharp as it should be if not only because it has been in light circulation. (I did find it in a bank box) Anyways I'm going to try and fire up this old scanner tommorow and see if I can get some images up Edited by Kefiroth
11/28/2010 12:08 pm
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Bedrock of the Community
United States
19935 Posts |
The rim on an MPL is PERFECTLY SQUARE all the way round, the rim will also be flawless, not misaligned anywhere. Of the ones I have seen that "looked like an MPL", the rims were not perfect....close, but no cigar.
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Pillar of the Community
United States
1431 Posts |
Sorry about the wait!
I know this is getting ridiculous, but I'm having trouble installing a driver for this old scanner.
I'll do my best to have pictures up within the next few days!
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Replies: 8 / Views: 1,436 |
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Posted 11/27/2010 12:01 am
