Why Grade A 2009 Lincoln?

I have been seeing adds in Coin World fo months selling graded Log Cabin Cents for expensive prices. MS65-$32 The highest was a 2009-D MS67 RED First Day Issue PCGS for $4,495.00!!!! When it comes down to the end of the year I bet these won,t even be valued high enough to pay for the gradding fees!!! I bet if you send off a roll from a bank most of them will come back at least MS65.

 

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$4,500 for a non error 2009 cent , P.T.Barnum was right .:headbang:
rzage

 

The Coin has no Errors The Seller Chattanooge Coin, INC claims that according to the PCGS wabsite at the time it was the only coin with this grade!!:rolling:

 

Until ones with the same or higher grade show up .
rzage

 

Whats chattanooga coin?

i didnt know anyone collected around here.... lol

 

If the rolls of 2009-Ds that I have opened from bank rolls are any example ( poor statistically small sample) I predict the 2009 D , even though more plentiful than the 2009P, will have lesser 67,or 68 grades than the 2009 P. Besides the prevalent spotting on 90+ % of the 2009 D, when you tilt them, there seem to be highly polished areas and also areas that look "scraped". In 3 rolls, I found one that I would call a 66 and none higher to my observation.

If the high value stands for a while, I might go through more rolls and cherrypick out some high grades. For those who sent in for the samples ( see open section), I could only send out about 1 out of 3 off of the top of the bank roll of 2009D. Maybe some thought I sent the worse cases, but I actually did do some selection. A 2009P roll yield was 40 nice coins out of 50.

I am trying to get some photos and answer email after the NBA games are over

Jim

 

when do u intend to find a roll of 55 ddo and make us rich? people are making a money of common cents

 

I would think it boils down to two reasons. One, some people only want to own slabbed coins. And some people slab coins to make money selling those slabbed coins to those that only want slabbed coins.

 

2 reasons

Registry Fever and Profit

 

Alright Jack, here's the plan:

After your Scottsdale Coin Show in a few weeks we'll hit up every bank we can finding rolls of 2009-D cents. We'll split the cost and pick out the best of the best, then send them in to get graded.
When we get them back, hopefully one will be a 68, and you can retire and I can pay for graduate school.

 

68 from a bank roll that has been ran thru a counting machine and an auto wrapper?

We'll do better in Long Beach looking for those early 65RD's that live in 64 holders.....:whistle:

 

haha, true true.

How about we get a bag then?

 

Well here is what you might be working with. First is the 2009 obv, the best one in a roll.



Notice it has just a few spots, small light scrape, but almost full shoulder.

Now here is one of best from a 2009 D roll.



This one is starting to tone, and looks like a fingerprint. The "spike chin" isn't really, it is just a convenient scrape ( Should I send it to ebay ). Notice that toning is already starting in the letters of the "WE" and "TRUST".

Now for some of the bottom ones.



A reverse:



And for the toned coins fans, one already becoming colorful.



I wish I knew what the wash solution is:

So what are grades of the above?:hail:

Jim

 

Lot of people can spend big bucks on whatever they want. A big ticket item to one person is pocket change to another.

 

The spots are horrible, looks like they must be using straight city water to rinse. What a shame. I hope the next release is better (cleaner)

 

So people are paying $32 fo a bright newly minted penny? First there was the stock market bubble, then the housing bubble. And now the 2009 Lincoln penny bubble. This will end badly like the others methinks.

 

It's a supply & demand thing. Although the supply is larger than the demand they are tough to come by unless you network.

http://usmint.gov/about_the_mint/co...roduction_figures&allCoinsYear=2009#starthere

Birthplace P mintage: 422.80 M
Birthplace D mintage: 441.60 M

The prices will drop. There was a Coin I think Kennedy half dollar that the mintage was high but because no one could find them so to get them people paid a lot. Then after like a decade, they released them and the price fell dramatically.

Don't let the Jones effect get to you. If your patient & wait you can get them so much at a much better price.

 

This particular seller is to be avoided at all costs.

This particular seller is to be avoided at all costs.
The MS-67's may be very tough right now and there may be only 1 or 2 that have been graded - that's the reason for that staggering figure. The Denver mint coins though are generally much better and there will be more as the year goes on.

 

I know 67 is probably a tough grade, but I'll bet there hasn't been a lot of submissions yet. A person would have to be pretty sure it was going grade 67 + to send in a coin worth 1 cent to be graded.

Either that or he was smart enough to send coins in quick before the idea caught on.

 

Looking through Coin World last night those prices have already dropped dramically! If I remeber correctly, the NGC MS67 was $799 with a pop of 96/0, and the PCGS MS67 was $899 with a pop of 33/0, from that same dealer. What a difference a week makes.