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 Replies: 13 / Views: 1,433 |
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Valued Member
United States
285 Posts |
So if the Mint were to stop producing cents in the near future, do you think the value of the 09 S VDB will increase dramatically over its current market value? Given that there was just about a half million produced and some were lost to damage over the past 100 years, do you think the price would increase just because Lincolns wouldnt be minted anymore and the mintage was so low? I'm weighing the pros and cons of purchasing a certified one now or waiting. Paying $1k for a penny does seem a bit ludicrous to some, but I see it as a win win. You would never lose money on it so it is in a way a safe "investment" and you then would have the 09 S VDB to admire and display. what do you all think?
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Bedrock of the Community
United States
19935 Posts |
Price is always fixed by two things: supply and demand Irrespective of anything else... this is always the rule. I suppose the price could greatly escalate if a bunch of new collectors jumped into the fold. However, it has nothing to do with the fact that a coin was discontinued. SVDB's hold their value because there's always demand. I always recommend to people buy one sooner rather than later. Not only can you start enjoying the coin sooner, but you can protect yourself from any future price increase. I don't much care if I buy a nice coin and the price decreases, it happens....but I still have my coin.  Edited by BadThad
03/25/2011 9:40 pm
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Valued Member
 United States
285 Posts |
I hear you BadThad. I know I'm going to get it eventually so the one side of me says get it know to avoid the future prices increases. I guess I'm trying to find even more reasons to justify it to myself (and the wife).
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Valued Member
United States
313 Posts |
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Rest in Peace
United States
9104 Posts |
I think if they stop making cents, the svdb price will go down, at least slowly over a couple decades.
Wheats have been pulled for years, and now pre-82 cents, so new collectors may start with 82, or maybe 59. It's almost impossible to find any pre-41 wheats in circulation, so if collectors don't get started on that book, they don't need an svdb to fill it.
There will always be some demand, tho, first from collectors trying to finish sets that will have an end because they quit making cents, then from cent collectors who are like folks who collect Morgans or 3¢ pieces today.
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Bedrock of the Community
United States
20753 Posts |
I doubt that the prices on almost any old lincoln Cents will drop regardless it the Mint stops making pennies or any coins at all. The prices on almost any old coin is as already noted, price and demand and with any item, the less there are, the more someone will want one. That 09S VSB for example is something that many, many people would want regardless of if there was no coins anymore at all. Copies have been made for drimk coasters, wall plaques, on the cover of magazines and many other places. Same with many of the old rare coins. Those prices will only go up and up as time goes by. Or maybe fall flat. You never really know. |
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Moderator
 United States
187950 Posts |
Quote:
I think if they stop making cents, the svdb price will go down, at least slowly over a couple decades... I agree. Many new collectors start with pocket change and work their way up to full collections. If there are no more cents in pocket change, there will be no more new collectors gained this way. |
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Valued Member
United States
310 Posts |
I think if they stop making the Lincoln Cent the 09 S VDB will go down. The mintage is low, but not as low as a lot of coins that are worth less. The demand and popularity of the Lincoln Cent is what drives the price. Think about it...When you first start collecting coins...or if you start a child on coins...what do they collect? The Lincoln Cent...the 09 S VDB being the key, makes this coin very desirable. If they stop making the Lincoln Cent (make a new cent or eliminate the penny), kids will start on the next cent or the next smallest denomination. Maybe the 50-D nickel will see a bump. Too many made to get real crazy, but it would be the desire of any new collector and kid. I think this is one of the reason the 1909 S Indian Head cent isn't worth nearly what the S VDB is. Most people today grew up on Lincoln cents, no Indians. |
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Bedrock of the Community
United States
20753 Posts |
As a comparison think of the auto industry.
Unless your young, you wouldn't rmember that in the 70's there was a complete stopage of the auto industry making convertibles. The last one was a Cadilac, I think was 1976. What happened to all the other already made convertibles? The prices sky rocketed. A friend had an old Olsmobile convertible at about that time and he sold it for way more than when it was new. For several years all old covertibles continued to climb in value. Even that horrible Edsel Convertible went way up in value.
Naturally all good things come to an end and in the early 80's someone started to take a Chrylser and chop it into a convertible and that started covertibles again. Naturally all those so called old ones worth a real lot dropped like a Lead sinker.
With coins too, if the Mint started to remake the 1909S VDB, the present values would drop, drop, drop.
Edited by just carl
03/28/2011 8:57 pm
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Moderator
United States
187950 Posts |
This is just my opinion, but I do not think convertibles are a good analogy to the 1909S-VDB. Maybe to the Lincoln series as a whole. I can see the series getting a bump when its production ends, but only because the current collector base will rush to finish their sets before they disappear. But once they are gone and older collectors pass away, the series' value will decrease. That is, demand will fall, so will prices. Consider also that the next generation will be filled with people that have never seen a Lincoln Cent. As said above, new collectors will probably start with the nickels. |
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Pillar of the Community
United States
3592 Posts |
I really don't the Lincoln Cent is going to disappear an time soon.And then the possibilty that lots of collections will be started when they do may raise enough interest to make the S-vdb a bargain right now.Even if prices leveled off, I think inflation would make up for any loss you might see if you kept it long enough. |
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Moderator
United States
16677 Posts |
BadThad stated it perfectly. It's a supply and demand issue. As long as 09-S VDB's are snacthed up and there are not a whole lot in the marketplace, the price will always be driven higher. This goes for any key date issue.
swcoin.ecrater.com
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Pillar of the Community
United States
3592 Posts |
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but I do not think convertibles are a good analogy to the 1909S-VDB Would it be better if he used a Lincoln convertable ? |
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Moderator
United States
187950 Posts |
Actually, yes, since they do not make those anymore. |
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Replies: 13 / Views: 1,433 |
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Posted 03/25/2011 9:22 pm
