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 Replies: 24 / Views: 2,273 |
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Valued Member
United States
199 Posts |
Just how much will it sell for, the first MS 70 PCGS business strike graded. Teletrade has released this Press release: The 2003 1¢ PCGS MS-70 Red It took 20 years, but in August 2006, the Professional Coin Grading Service (PCGS) finally assigned the MS-70 Red grade to a Lincoln Cent struck for circulation. This historic coin is a perfect 2003 Cent in full Red MS-70 and is being offered in Teletrade®'s Premier Plus auction to be held on Thursday, September 28, 2006. Ian Russell, President of Teletrade® commented: "This is the first time PCGS has given a circulation strike Lincoln Cent the MS-70 Red grade, and I am pleased Teletrade® was entrusted with its sale.... This is a rare opportunity to acquire the 2003 1c PCGS MS-70 Red, which is likely to end up in one of the top Registry sets." My guess $7388.00 |
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Pillar of the Community
United States
2271 Posts |
It's not only the first circulation strike cent to get MS-70 it is also the only US circulation strike for any coin graded MS-70.
Time don't fly, it bounds and leaps.
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Valued Member
 United States
199 Posts |
quote:
Originally posted by cladking
It's not only the first circulation strike cent to get MS-70 it is also the only US circulation strike for any coin graded MS-70.
Just talking PCGS. I did not know that, maybe I should up my guess? |
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Valued Member
United States
199 Posts |
quote:
Originally posted by cladking
It's not only the first circulation strike cent to get MS-70 it is also the only US circulation strike for any coin graded MS-70.
Gotta guess what it will sell for tomorrow on Teletrade? |
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Pillar of the Community
United States
1203 Posts |
So it took 20 years did it, well if they will wait until this time next year the price should go up slightly because they can hipe it as the first time in 21 years.
What a bunch of fruit cakes these con artists must be to think that they actually have anything of importance. Shows that old P.T.Barnum was right when he said "there is a fool born every minute".
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Valued Member
United States
199 Posts |
I'm with you old Dan, no way I would pay that, but others will.
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Valued Member
United States
199 Posts |
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Rest in Peace
United States
2684 Posts |
I'm gonna go for broke and guess it will break the $100K mark.  There's been so much hype and publicity that it's gonna draw the rich folk with money to burn and a need to buy something that nobody else can duplicate.  Fred PS - Somebody with some time want to set up a poll here? |
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Pillar of the Community
United States
7123 Posts |
My Guess anywhere from 9 to 19,000 .
No matter how you look at it its stupid money,, But the big boys who have to have the 70's in PCGS holders will buy it.
Rick
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Pillar of the Community
United States
1247 Posts |
Enough so that a few thousand dreamers will bust open mint sets and send them to PCGS for grading re-grading and re-re-grading?  |
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Bedrock of the Community
United States
14454 Posts |
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Moderator
 United States
23522 Posts |
I lean towards MorganFred's opinion. It'll go for five very large figures.
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Pillar of the Community
United States
3234 Posts |
30K-50K
Break it out of it's holder and I'll give you $1 for it.
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Pillar of the Community
United States
986 Posts |
This just proves what a genius idea the registry was. For a guess, how about at least 5 figures. I've got a feeling this will sell for insane money, then just crash in value because it's being so over-hyped.
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Pillar of the Community
United States
1454 Posts |
Hard to say. If 2 rich people get in a bidding war then it's off to the races. Most people with lots of money aren't always the sharpest tools in the shed. I can't even fathom a guess as it could be all over the place for something like this when the hype itself is worth more than the coin being sold. It's just a penny for god sakes and it's not even all copper!
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Pillar of the Community
United States
2271 Posts |
quote:
Originally posted by fengk
This just proves what a genius idea the registry was. For a guess, how about at least 5 figures. I've got a feeling this will sell for insane money, then just crash in value because it's being so over-hyped.
Everyone always thinks that high prices for late date coins are caused by the registry but the simple fabct is that high priced moderns existed before the registry did and many of these high priced coins never even appear in a registry set. Indeed, when the registries were started they didn't even allow any modern coins in them. Theregistries have done more to hurt collecting these coins than to help. ...Or at least they've been set back years. People collect modern coins and some are rare in high grade. This causes high prices. The 2003 isn't rare in high grade yet it remains the only MS-70 US coin ever struck for circulation. Time don't fly, it bounds and leaps.
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Replies: 24 / Views: 2,273 |
Posted 09/27/2006 10:15 am
