Tons of High End 1909-S VDB Cents at EBay . . .

He's only got a feedback of 115. Seems low for having such high dollar coins.

 

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If you will recall back in 2007/2008 ther was a lot of hype about how the Lincoln cents, especially the key 09-S and SVDB would explode in popularity and value once the series hit the 100 year mark in 2009. That meant that a lot of people bought up a bunch SVDB's so they could cash in on the windfall.

 

Who is the "market maker?" This seller?

If you add these all up - we are talking at least a couple of dozen very high grade 1909-S VDB coins here - it looks to me like more than three hundred thousand dollars. That is some serious cash!

 

A couple observations.
1. It is hard to predict the market for S-VDB's because they are rather unique in that they are not particularly uncommon in high grade but a significant demand keeps the prices relatively high. The only good comparison I can think of is the 37-D 3-Legged buffalo. So trying to infer the market for an 09 S-VDB or 37-D 3-Legger from the prices for other coins in the Lincoln ot Buffalo series is risky.
2. I think Illini is spot on about + coin prices. A lot of people are taking a wait and see approach, at least in the series I collect. The only 68+ Walker graded by PCGS did not fetch $20,000 even though a 1944 graded 68 went for over 100K at the ANA Heritage auction a month earlier.
3. I like looking at the fellow's Lincolns. He had quite a group.:thumb:

 

Interesting discussion, but am I the only one here who has a sneaky suspicion that this should be in the advertising section?

 

let him keep busting them out, maybe one day enough will be out there and i can afford a couple

 

Yes, I think you might be the only one -- I certainly do not share your opinion. To wit: If someone's looking to advertise high grade 1909-S VDB's, this is one of the last places I would do it, and if I were I wouldn't have waited for all those sales to complete. Most of all I have no reason to doubt the OP's motives (outside their low post count). Do you?

 

I'm not sure who the market maker is for these coins is but if one person has this many high end examples one could reasonably surmise that he might be. I spoke with a major wholesale dealer about it today and he was reasonably certain that whoever was supporting the coins had either put in a lower bid or has sold or was selling the coins on the market cheaper then they had been.

 

Call it a hunch. As Dennis Miller says, "That's just my opinion; I could be wrong."

 

How long has PCGS been using grades like MS-66 + ?

 

Just a few months. It happened when they added the Secure deal.

 

If I am right with the research I could do.. The seller is a Asst.VP for Merrill Lynch. Does this tell us something about the state of "The Market"?

I just had too look into who could have such nice coins.. And if any of you a lucky enough to be able to bid on one.. well good luck and good for you! They all look soooo wonderful.. What a collection.

 

I realize I am new here, but I swear that I have absolutely no affiliation with this seller . . . other than maybe I might buy one of these if the price is right. He has been selling these coins for many weeks now and if he was going to "advertise" here I would think he would have done it several weeks ago.

When I started collecting coins with my pops (RIP) back in the 60s, the 1909-S VDB cent was like a holy grail coin to us, and it would be cool to own one in high grade after all these years.

Anyway, I just thought it was an interesting story . . . I have never seen one man with anything close to that many 1909-S VDB cents in those grades. Frankly, it seems odd to me - almost complusive - to accumulate so many examples of one semi-rare coin in such grades. Maybe folks here have done or seen the same thing with similar coins.

I sincerely apologize if my post is inappropriate in any way for this forum or offended anyone here.

 

It did not offend me. Welcome to Coin Talk!

 

Remember that PCGS no longer guarantees color. If any of these coins "turns" Red-Brown, the owner has lost thousands of dollars. Many old copper pieces out there that grade Red have been "doctored" to make them Red and increase their value. It's a risk I wouldn't take regardless of how much money I had. Copper is the most reactive of all metals used in coinage.

 

Depends on the price, of course

 

I remember stories from a dealer in Florida that stated that he knew of many collectors who still had GEM BU rolls of 09 S VDB cents in their collections. The novelty of a cent that was not an Indian Head prompted many to hoard. 400,000 plus coins were available, and with so many attuned to the new cent, it's likely these are those cents from those rolls, maybe some of them, that he spoke of. I believe y'all are right about the 66 examples driving the prices down. I wouldn't spend 35,000 on a 66 for one reason. When I was young, I had just such a cent. They were plentiful in coin circles in the 1970's. Mine was at least a 66. I sold it for five dollars, along with a full bell 1916-d dime. We had no food, as I recall. But if a 14 year old had one, they gotta be more common than folks think. Caveat oversold. Made that one up.

 

Maybe the guy was making an investment ?