Lincoln Pennies

Greetings.
My first post.

My grandfather was a collector and I'm trying to get a handle on his collection. We inherited it and a bunch of other coins. Most of it is good for silver. Going to a coin shop, I got a price of $350 for an incomplete Dansco Lincoln Cent book (7100) that includes:

1926
1909 S-VDB
1914 S
1924 S
1924 D
1927
1921 S

These were on the list of most valuable pennies at Cointrackers.com

I understand that the quality of each coin determines its value. Are we getting took with that quote even without ya'll seeing the coins?

 

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Pictures?

 

either you got a good deal or all the coins are damaged with barley any detail at that price or they just wanted to get rid of them and you got a good deal.

 

A real 1909S VDB alone is worth at least $350. Unless it is really damaged. Pictures would really be necessary to give an accurate estimate on that coin alone.

 

The money is the 1909 S-VDB. If real and the condition determines the value.

 

OK. I'll try to figure out pictures and post them here.
The S-VDB is real. He looped it real close for a long time.

 

1909s V.D.B. in the new book at a G4 is $625

 

condition is everything. no way to tell if the offer is in the neighborhood of reasonable or not without pictures at least of the coins.

A coin shop isnt' going to pay you what it's worth, or book value, they are going to offer what they want on it so they can make money and not lose on it, just like a pawn shop would, sort of. if you wanted to maximize the value, sell each one on ebay to the end buyer without a middle man.

still you're gonna need pictures and an estimated value of the coins.

 

I have a dealer buddy that receives incomplete Lincoln books all the time. He says he has yet to receive one that included an 09-S, VDB. Just trying to think positively here. Perhaps he didn't take the time to see that you had a genuine 09-S, VDB. Yes, that is the money coin and even in lower tiers is a valuable cent. Can you post a photo so we can offer you a batter analysis?

 

Book isn't what a shop is going to give you, certified or not. Just saying.

 

The 24D can be a $40 coin and the 14S can be a $20 coin in fine condition..
I have two 99.9% complete Lincoln wheatback books, both minus the 1909s VDB.
I will admit though that I won't get anywhere near as much as I put into them, if I decide to try and sell them..

 

Well if its genuine damaged then its now around a $300 coin in g-4 but a dealer would want around $200 if thats the case and the rest of the cents are higher grade/key dates $350 makes sense price wise.

 

I understand that did not mean to make any one upset,it's like selling anything else,its whatever they are willing to pay for it!!

 

since you're new, pictures should be of full coin, a picture of front and back, then I am certain people will want a closer picture of the Date and mintmark area and the VDB on that particular coin.

Just trying to save you some time. also Just start there, those 4 pictures, that's the money coin of what you have listed. and the easiest way to tell if the $350 offer is a lowball or in the ballpark.

The album is worth like $30 new and empty, and probably $5-$10 used.
it could really go a few ways depending on the pictures. but I wouldn't bother with the others and just worry about the 4 pictures of the 1909 S VDB for starters. full front, full reverse, close up of date and mintmark, close up of VDB area.

 

You've got it backwards. He was looking to sell the book, and that's what the shop offered.

As others have said, a shop has to buy low and sell high, or they can't stay in business. A lot of shops will make lowball offers to customers who don't know what they have (or to all customers, period). It's good that you didn't take the first offer you received, but we'll need good photos to get an idea of whether the offer was fair.

 

Agree. in fact a dealer that doesn't even want something might make a lowball offer in the hopes you will walk away, but if not, then they get it at a great price.

Technically they don't have to buy your coins. and sometimes, they play by that rule and make low offers because it's nothing they want or need. Like modern mint or proof sets where they will just pay the face value of the coins to take it off you hands.

 

The picture didn't come through

 

Here's the album I just made on Google Photos. Hopefully it comes through.
https://photos.app.goo.gl/BSyZnadnoUUsaRn86

 

yes and wow that 1909 s vdb looks nice possibly cleaned or its a mid au it would be a $800-1000 coin by itself