Perfect Example of a crazy market

Discussion in 'US Coins Forum' started by Arizona Jack, Oct 7, 2007.

  1. Arizona Jack

    Arizona Jack The Lincoln-ator

    Here is a great example of the Lincoln market as of now.In this case, we have a PCGS semi-key date in AU-50. No funny biz, no questions or doubts.

    A PCGS AU-50 1924-D Lincoln Cent.
    ( August greysheet)

    AU bid: $135 ask: $150 / MS-60 bid: $200 ask: $220 / MS-63 bid: $300 ask: $330

    I was going to try and spank this at last second for $180, guess I won't be buying this one.

    Therefore, I have yanked all my high grade semi's from the store, and going into a holding / buying pattern untill '09 at least. Thats if and when I can get them right.

    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=220154869811&ssPageName=STRK:MEWA:IT&ih=012

    another case:

    XF bid: $95 / ask: $105 NGC XF-40 1924-D
    I was lucky to get this one for $120+ at last second.
    Crazy huh?

    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=180164656570&ssPageName=STRK:MEWN:IT&ih=008

    I don't see it getting cheaper in the near future, hang on for the ride folks !!
     
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  3. nohope587

    nohope587 Senior Member

    Are you using greysheet prices which apply to raw coins if you want to know what ye old coffins are trading for these days you need the blue sheet.
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    That's incorrect nohope, Grey Sheet prices apply to both raw and slabbed coins. The only difference between the Grey and Blue sheets is that the Grey is for sight-seen coins and the Blue is for sight-unseen coins.
     
  5. Arizona Jack

    Arizona Jack The Lincoln-ator

    Uhhh,
    I get the CCDN, Cetrified CDN, but it does not have Lincolns... Am I missing somethng?

    I do know that it is not uncommon for AU coins to go for more than MS-60 prices, they can in alot of cases be a more attractive coin.
     
  6. rlm's cents

    rlm's cents Numismatist

    Jack, You need to get the CDN monthly supplement. That is where the Lincoln prices are.
     
  7. Arizona Jack

    Arizona Jack The Lincoln-ator

    I do get the Regular greysheet as a suscriber, I eat sleep and breath that monthly , lol. I meant, my CCDN does not show certified Lincolns, just $, type, gold, etc....was I missing something there...
     
  8. Treashunt

    Treashunt The Other Frank

    Jack:
    That was a crazy price!

    Now I have gotta check out my stuff.
     
  9. Leadfoot

    Leadfoot there is no spoon

    First off, it is not unusual at all for coins to go on eBay and other retail venues for more than sheet pricing.
    Second, an above average coin (for the grade) is also likely to go for higher.
    Lastly, I have found those coins that I get for a "steal" tend to be crappy coins.

    In short, I see nothing out of the ordinary, or leading me to reach the conclusion that Lincoln's are on fire, although I do expect an uptick in prices over the next few years...Mike
     
  10. Treashunt

    Treashunt The Other Frank

    leadfoot:
    An up tick sure.
    But nearly double grey sheet?
    Wow, those Lincolns are really hot!
     
  11. rlm's cents

    rlm's cents Numismatist

    Here is another example - 1931-D - . Just to make sure, that is a "D" not an "S".
     
  12. Philly Dog

    Philly Dog Coin Collector

    most dealers will only pay around 40.00 for a 24-D F+ and around 100.00 for a 1931-s in F+
     
  13. Arizona Jack

    Arizona Jack The Lincoln-ator

    ( shaking head in disbelief)

    at a loss for words...
     
  14. Arizona Jack

    Arizona Jack The Lincoln-ator

    I have to say something here. Every one of these coins has same appearance and texture, etc. They are processed in some way, and some people are going to very very suprised when it comes time to sell.
     
  15. Philly Dog

    Philly Dog Coin Collector


    That's why I call it E-Scam

    How about them DiamondBacks!
     
  16. rlm's cents

    rlm's cents Numismatist

    The coins I have bough from Eric have not been processed. However, the pictures................................
     
  17. Arizona Jack

    Arizona Jack The Lincoln-ator

    Now you have something there too Rlm....I have bought many also that don't look that way in hand. There is one coin in particular I bought from them that came as processed as the picture. A cleaned high grade 24-D, I paid a proper price and knew what I was getting. After this is when they started going crazy. By the way, look at the bid timing.



    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=330159630352


    I have not bought since this one, just because the prices have gone crazy, not because of anywhing else.
     
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