Worth $9,000?

Seller states in listing title that coin is "worth $9,000". Really?

 

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Pcgs has that price on it. The 67 Is 775$
Who would have thunk.

 

I don't even want it for $1.
The reason I say that, is because it is not a rare coin and it is relatively modern. Yes, condition is everything, but at $775 it's over priced by 15 times.
What's it really worth 40 or 50 dollars? (It's worth what the market will bear.) Plenty of other coins are more desirable to me at $775 than a 1954-D Lincoln.
That population of 7 is only temporary. It will only go higher in the future.
I guess people like to collect the best specimens they can get.

 

One problem is, Red copper coins turn to RB and I don't think there's much that can be done about it.

 

$9,000? For Gods sake it's a bloody cent. And a common one too. Splitting hairs don't make it any more valuable.

 

PCGS has it at $9,000 for the plus grade. I wonder what fool spent that at auction; the price came from somewhere.

 

Well if he manages to sell it at that price maybe lol.

 

It came from a place which cannot be discussed without circumventing the rules against mentioning biological functions.

 

LOL

 

It is not worth $9,000 to me.

 

Judging by the size of the bids, the potential buyers aren't as dumb as the seller might believe.

 

Not if you store them under dry nitrogen inside a hermetically sealed case.

 

There is no reason slabbed red copper can't stay red for a very, very long time. That '54-D is 62 years old. Red copper goes back a long way before that.

But $9000? Here's my 67 graded before "plus-grading" I will sell for a mere $1,000. PM me.
Lance.

 

If only you had a crystal ball and could have foreseen the advent of plus grading. What were these worth before the plus designation was created? Wasn't it $4k or $5k based on the PCGS Price Guide?

 

I'd never buy it for that, but I'd certainly sell it for that much.

The biggest hurdle in any transaction is finding the right buyer. Unbelievably an example sold on Heritage for just over $7600 last year.

https://coins.ha.com/itm/lincoln-ce.../1217-3024.s?ic4=GalleryView-Thumbnail-071515

 

Nice research. That sale price is unbelievable!

 

How about this for $43,000?

https://coins.ha.com/itm/lincoln-ce...-the-branc/a/372-5346.s?hdnJumpToLot=1x=0&y=0

 

WOW!!!!

 

At least it is a better date, and not a very common coin saved in the thousands in original bank rolls.

 

More like the advent of registry sets creating an anatomical measuring contest by guys with more money than inches on their tape measure