LQQK--1909 S--1909 S--- lincoln wheat and indian head cent ("LQQK" -- always the sign of the finest eBay buying opportunities!) It's worth checking his completed auctions, too -- he's been making out really well with those sealed-roll auctions. I can't imagine why his feedback is still stuck at zero.
Kind of like a few ads I've seen over the years that are prefaced with "SEX".....Now that I have your attention...". ( Here is what I'm really selling...)
That is one of the true fallacies about FleaBay. Nobody ever reads anything any more. They like the pitchers! Chris
My coin dealer recently told me about a guy who really did find 2 unopened rolls of 1909-S VDB cents. She said he was not a coin collector, and put them all on the market at once, driving the prices down nationwide.
It's possible, if they were all high grade. However, there are currently well over 500 of them on Ebay alone....demand is a wonderful thing for pricing.
I've made that point too, along the way. Supply is plainly not in question for the 1909-S VDB; value is completely demand-driven for this one. They form something over 4% of all Lincoln Wheats in PCGS slabs, and nearly 14% of all examples in Brown slabs. North of 16,000, just from PCGS, and probably something similar from NGC.
Ummm...dude, I really think you need a refresher on basic economics. You're talking about a huge supply of one commodity. I was discussing a person who came across many more of them and put them all on the market at once, thus increasing the supply dramatically. Demand remains virtually unchanged, whereas supply is plentiful. Therefore, prices went down. Econ 101.
When you can go to one single venue where the equivalent of 11 full rolls are available for sale at any one time, what sort of percentage difference is two more?
There's been a full roll worth of just MS64 and above sold at major auctions (outside Ebay) in the last five months, per PCGS Auction Prices. A full roll worth of mixed grades has already sold on Ebay this month. And it's only the 7th.
Heh. I meant individual coins adding up to a full roll. Wasn't easy to count, though - when I did a text search for "1909-S VDB" in Sold Listings, I got as many roll listings speculating that there was a 1909-S VDB in them as I did actual single coins for sale. Heaven only knows how many of those would have showed up if I let it show me unsold listings too.
The 09-S VDB is a common coin with about 50k survivors today. (PCGS Coinfacts) I can only see 100 coins temporarily driving down the price if they were all dumped on the market at the same time. Of course, it has higher demand than any other US coin, worsening the blow.
