For the sake of something to talk about. Is it just me or are the 1909 lincoln cents starting to sell for much more then listed value. I have been watching on ebay and seeing a lot on ebay selling for almost 2 and 3 times listed prices. I saw a NGC MS63 RD VDB sell for a little shy of a 100 bucks last night and a PCGS MS64 RB sell for almost a little over 270. A few weeks ago I saw a PCGS MS65RD 1909 S VDB go for 6,000.00 grand. I think Its time to start stocking up on them. lol I was talking to my buddy that owns a shop and he said that he can't keep a 1909 Lincoln anything in his store once he places it into the showcase its gone with in a few days. He even asked to buy back the ones I bought from him a few years ago. I said id think about it. I think people are going to be going ape in 2009 for early Lincolns. Does any one agree and why is my question?
Yup. the proces will go nuts, starting this summer. Starting wiht the semi-keys (which have already started up) and then the better dates, '09 S VDB; '09 S; 14 D.
Yep, all of the Early Lincolns are on the rise! Have you noticed some of the prices that the 1915, 1916 and 1917 P,D & S Cents in high grade are going for? Some of the early Lincolns seem to be going up several percent in prices every day. Heck, if you had purchased two 1922-No D Cents in a PCGS holders and both graded MS-65 RED two years ago, you could sell one of them now and get back what you paid for both of them plus probably anything else you spent on Lincoln Cents in the past two years. Frank
why do you feel that way? I'm curious !! All things correct themselves, so you are saying Lincolns are overpriced and will fall as a correction?
Im with you buddy, I have hoarded quite a few nice choice 09's. I also like the , 26 S and 31 D in XF or better to get to moon levels with in the coming year. Tom
When I was at the ANA show I asked every dealer I talked to the same basic question. Without exception the answer I was given was - I won't be the one left holding them.
Well, in 2009 when the cent design changes for the anniversary Lincolns birth and the 100 year mark of the cent, new collectors will be entering the hobby in droves, causing more demand . What they will demand is anybodys guess... Modern Proofs? Memorials? 1909? The whole series has certainly awakened and those who anticipate the increase have been hoarding, myself included. The 1909-P in g/vg has doubled since June ( I found an old June 07 greysheet today ), the others have risen but nothing as dramatic. The 11-S has gone up 50% as well. I see them to continue to rise then in 09/10 maybe start to fall back. This frenzy thingy cannot sustain itself. Hoarders, speculators, hunters and gatherers are driving the price up these days, not collectors. Collectors buy 1 of each date/mm......most dont try to build rolls of semi key dates. Collectors drive the hobby in reality and long term stability, speculators cause the bumps.........
What is your barometer? Mine is the price of the 1941-1958 PDS rolls and books on eb*y. I'm seeing average circulated condition books and tubes listing for up to $7.95.
Yep, a correction is inevitable, probably starting in 2010 as excitement over the 2009 design changes wears off. In my opinion, anyone who collects coins as an "investment" is setting themselves up for disappointment. I, for one, collect purely as a hobby without thought to the future worth of my collection preferring to invest in real estate, which over the long term (last 2-3 decades) has appreciated greatly. To most people, an acre of land has a lot more utility and real value than a 1/2" disk of copper, even if it was made in 1909 or 1914.
If coins are not investments, then I wonder why there are two Coin Investment Companies located in Knoxville??!! Coins can be investments if you know what your are doing and you purchase the right coins! I guess it really depends on whether you are in it for the short haul (to make a quick buck) or whether you are in for the long haul (recognize past and potential future increases in certain coins and are willing to sit on them for awhile to make a larger profit margin). Yes, there are coins that will more than likely drop in value within the next months or year but with the correct system (i.e. coin value tracking software, reports or other), a person or group can invest in certain coins wisely and make decent profits on their' investments. Frank
The investment market for coins is very volatile compared to certain other investments and is more subject to whims as well. I know several people who lost big bucks (> $100,000) in the last big Morgan dollar bubble in the 1980s.
