And this is why I sit back and laugh at the Registry Set game. $9000 would cover the rest of my college expenses, and then some.
Here is a roll of UNC 1954-D Lincoln cents for $21. If they are truly unc, can you pull 1 67+ out of there? http://www.ebay.com/itm/1954-D-Linc...755537?hash=item4b0de67a11:g:2zQAAOSw2xRYTFCH And of course there is an entire page of BU (w/e) 1954-D for $1-$2 http://www.ebay.com/sch/i.html?_odk...H0.TRS0&_nkw=UNC+1954-D+Lincoln+cent&_sacat=0
Interestingly, the last coin that sold at Heritage in MS67 RD did not have a CAC sticker and sold for $23,500 at Heritage in 2014. Since then, the population has only gone up by one. If you add a sticker, I bet someone with money to burn would pay even more.
With apologies to the late Sen. Everett Dirksen, a few thousand here and a few thousand there, and before long you're talking about real money.
There are some crazy prices on red Lincolns from the 50s. Many of the higher grade ones came from mint sets.
The trouble is...if another one or two gets graded the value plummets. With the mintages of those coins...there are certainly more out there.
Behold the power of marketing. At least if it goes for what the bids are right now, he will make back the grading fees.
Sorry you don't hit the jackpot. While your coin is red and attractive; it is too beat up to bring "good" money.
It certainly does take a hit when its no longer a pop 1 until more big money collectors start building those sets (if they ever will). There probably are more out there though I don't think it is as many as people think. At one point there may have been a lot but 67+ or higher business strikes are hard to find and many have probably been lost from the overall lack of attention they seem to get.
It's possible...I doubt there are that many either. But, with coins where there are only a 2 or 3 examples known...and then 2 more get found that suddenly doubles the population.
That's definitely true and definitely a risk, the older Lincolns such as the ones from the thread seem to be more immune to price drops from this then say a 1999 MS 68 going from a pop of 2 to 4 where half the value would likely be lost. I would assume those collectors aren't overly worried about that though given the price levels they generally cost in the first place.