Looks like some of the business strikes are making MS 68's http://cgi.ebay.com/2009-P-LINCOLN-...|240:1308|301:1|293:1|294:50#ebayphotohosting
That is the first one of them I have seen and from the looks of teh price, it might be the only one so far.
Wouldn't surprise me if we saw a 67, or 66 come back chief! I'm in shock you didn't get one single 68, or a 67!!! I'm sure yours 66's look better than that... For 5,000, that is ridiculous! Still no LOG CABIN MS68's.... And already a formative 68 That log cabin will bring big bucks, if a 68... And that formative years 68 should bring at least $1-1,500 if the 67's bring what, $250-$400
Just incredible how some people are when it comes to modern (and does it get much more modern than this?) coins. A $5000 price tag. The seller may, or may not get it. He WILL get a hefty premium as, after all, it's an NGC First Day of Issue. Whoop de doo! Now, don't get me wrong here. MS68 is indeed a lofty grade especially if the "formative years" coins are as shoddy as the "log cabin". I've seen enough and the quality is horrible in my opinion. I own zero and wll be fine if that number stays where it is. It's a very modern cent. It's in a chunk of plastic and there will be MILLIONS minted. The TPGs become more pathetic every day on this modern stuff. They fan the flames of "I need the best" on this modern stuff. They can do it with modern stuff and get away with it. They make their own price guides and issue "population reports". Want to do something interesting? See how the population reports change on these in the next six months vs. the population reports on, let's say, an 1893-S Morgan. Then figure out what is an authentic and proven rarity.
I think the Early Release First Day Issue First Strike Is all crap... Just more ways, for grading companies to make their money, and more ways for dealers to make money... Dealers will send their shipments in, get em' graded with a $12 label, pray the population reports are low, then flip em' for the big bucks! Regardless your view of this, you could buy a $25 Buffalo MS69 and a $25 buffalo MS69 First Strike, and pay up to $300 more for the first strike, but you are getting the same coin! So you are basically paying for the $12 label, and the plastic! I believe in having coins graded, vs. raw, but I'd rather buy a bunch of raw coins, rather than have some FIRST DAY ISSUE junk... (Not saying people who collect FDI's are collecting junk, just saying I wouldn't pay a large premium for it)
I have gone through alot of the "new Lincolns" myself, and the quality is very poor (JMO) and yes it's just a peice of plastic that they put them in but, if someone wants to give me a bunch of money to take it off my hands...then by all means...SELL SELL SELL.
T$, That's my point. I think you're getting it. I've been doing this for a long time. 99% of my coins are raw. I'll start slabbing them for one basic reason. If something happens to me my wife will get better money for them. I'll only "waste" the slabbing fees on "proven" coins. Yup, One born every minute. I just won't play that game but believe me dealers do as it is a business. I will NOT show this thread to my boss because I don't really want to go through rolls of modern stuff to have him send it in. Did that a few weeks ago with 97 silver eagles. ONE came back a 70.
Well shoot clembo, don't they just put those ASE's on conveyor belts, and play eenie meenie miney mo? lol Out of my one roll of log cabins I won, in a contest... I think I found a lot of 64-65, and a few 66... I doubt any were 67's... But hey, if I thought they were, I'd join PCGS, and get it graded, and sell... Just brings me closer to gold! Sell modern plastic crap, for gold... and proven coins, makes sense to me!
I agree with Clembo...this is a sucker market. MOderns are great if you collect them " from the mint " but when you add stoopid grades and silly plastic, you might as well buy your coins from Billy Mays on a coin show on televieion, you have fell for it.........you need more education or something:rolling: you are dangerous to your own money and savings.
I buy from that guy all the time......he said my bussiness strike New Jersey Quarter is worth 29.99 I really wish i could sell to him
Yep you sure have.......:thumb: LargeCents and myself had 212 rolls of Cabins to go thru....... We still have 97 rolls left.....:rolling: So far we have about 20 with nice toning already....put those in PCGS flips for long term storage......in a few years they will look cooler....:high5: LC found a sharp die break on the obverse of one.....looks cool... Well let me get my cotton gloves and 12X and start looking for that first 68.....:bow::bow::bow:
68 is a super high grade, I doubt that there will be many up that high. The thing is that there have been a lot of boxes searched and the reports are that these coins are low quality, 5K might be the right price.
Nope, to my knowledge none have ever been graded that high... MS69 is as high as I've heard... (The post above, with my MS70's, was humor...)