My Brilliant Idea Regarding Lincoln Chronicle Sets

O.K. maybe it isn't all that brilliant but it works for me. I need two more Lincoln Chronicles sets for Christmas gifts but I don't want to pay the inflated prices that they are fetching currently on ebay. What to do....?

Here is what I came up with.

When the original proofs of the Lincoln silver commemoratives came out, I bought 5 of them. I only needed three and planned to sell the other two. I kept asking people what the difference between these proofs and the proofs in the chronicles set were and it seemed the only real difference was the packaging. Eventually, the people that have their sets slabbed sell off the packaging for next to nothing because most people see it as having little value. If I buy the empty sets and put my own Lincoln proofs in and my own 95% copper cents in ( I have pleant of those) who could tell the difference?
There is none! I save money by not paying inflated prices and I get exactly what I need.

If the packaging includes the certificate, the plastic holders, and the box, what do you see as the only flaw in my idea? If one exists.

 

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I dont know how brilliant that is... no offense.

I agree the prices are nutty right now, but I dont know that building your own sets is worth it either, and yes, the proof pennies look different than circulation cents, plus in 10 years when the person you gave that set to tries to sell it they will meet a mean man at the coin store who thinks hes trying to be ripped off with a fake set.



Shoulda had friends buy the sets for you at 55$ a pop! I got two, sold one so I paid negative 25$ for my first one. Worked out well for me!

 

Sorry but I'm of the belief that this is not brilliant, rather it's obvious and it's in the air, having been discussed plenty here on CT in the numerous LN6 threads debating the worth of paying premiums for such sets like the LN6 or the 8-8-8 Double Prosperity gold coin sets for their packaging alone. In either of these sets the same situation exists, products are/were available in other forms and empty packages that can be bought and re-used to create new sets once the originals are broken up. The only thing you have to figure out here is if the LN6 capsules can be opened and resealed again AND when buying the 'empty' LN6 packaging that you are certain that you are also receiving these particular empty capsules, in good condition. There have been some capsules from the Mint that were 'sealed' / not easily opened, re-sealed. But make sure you don't just get the COA and folder, slip cover, but also those pesky capsules.

 

Someone asked me once, who will know. I said me and I have to look at myself in the mirror every morning.

 

Are any of the TPGs even slabbing with this designation?

 

PCGS and NGC are not!!

 

I didn't think so. Thanks Jamie!

 

No, they are too busy showing their integrity by slapping their bogus "First Strike" and "Early Releases" stickers on 1 oz. American Buffalo coins.

 

No. They're not. So since these LP proofs are available in individual sets for 7.95 and also available with the 2009 proof sets, and the silver dollars are available individually, why would anyone break up these chronicles sets to send them in for grading and sell the packaging when the packaging is what causes the premium?

The packaging may not sell for as cheap as you think. And then there's a lot of stuff to account for that comes with it and what kind of condition it will all be in. Doesn't sound like fun to me.

 

If you can do it cheaply enough, it sounds like a good idea to me. Maybe you could clearly mark the box in some way to show it's not a mint-made set, just so no one gets ripped off in the future. You know, come to think of it, I guess the mint has already ripped a lot of people off. I sold my set, because I didn't want to pay the extra money (or lose the extra money I could have made selling it) for a copied Lincoln picture and a cheap-o Gettysburg Address facsimile.

 

What difference does it make? The coins are identical to the coins in the set and the holder is the same holder...it's the same set. There is no difference.

 

I suppose it doesn't make a difference, but if I were buying the set on the secondary market, I would expect the coins to be the ones from the mint.

 

Coin collectors expect items untampered with , you collect items that are untouched in original condition with original paperwork . When I got my Chronicle set I saved the original paper work from the mint including the shipping orders & copied all the emails received from the mint, which included the mints discription of the set , all this is called "PROVENANCE" . Collectors of anything highly regard this info & look for it when buying special items & trust me a high end collector knows items they collect inside out ; )

 

I just don't see what difference it makes. If someone buys the empty holder with all the paperwork and puts the exact same coins in it in the same condition...it's the same set. This is why the crazy premium is so stupid IMHO, the proofs can be bought for $8 from the mint and the silver $1 isn't that expensive.

 

Go with proven Christmas gifts.

Buy them socks and underwear.

 

Amen to that.

 

LOL I can't stop laughing on this one.

 

Think about it before you do something like that. You may pay quite a bit for the packaging b/c you are definitely not the only one who has thought of that "brilliant" idea. I'm sure sellers know about that idea as well and very few will be selling the packaging for cheap. Has anyone seen any packaging for sale yet?

Maybe next time, young fella try again.

 

I have not seen any packaging for sale yet. But on the other hand, I almost always do eventually. I don't know how cheaply it will sell for but I'd guess it will sell for around $10.

There is absolutely no difference between the coins in the chronicles set and the coins sold in other earlier versions. If I had to speculate about any differences, I guess that earlier coins were struck with newer dies and possibly are higher quality coins. Just guessing though.

I'll let you guys know how my little scheme works out. Mua ha ha ha ha ha!

 

Right on!