Sweet Lincoln RIPPED from the bay

Super nice coin Jack, love the colors!!!!

 

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You paid $30 for a coin that lists in Redbook for 50 cents in 1 grade lower (MS65). And you think you got a steal...? Wow, talk about the Marketing Jedi Mind Trick....
Heck here's another: http://cgi.ebay.com/ws/eBayISAPI.dl...ategory=139805&_trkparms=algo=LVI&its=I&otn=2

.... and I found hundreds more on the bay at similar to dramatically lower price too. Quite frankly, for that date you could probably have gotten a few MS rolls for $30,,,, then baked individually in the oven, or use another AT trick to get the color you want,, coppers reactive enought to make it an easier coin to impart NT look relatively easily.

Love the coin and grade, but I'm gonna guess the seller is happy enough.

 

That's the sister coin to the OP coin. Probably came out of the same roll.

Ribbit

 

Nice Rip!

 

Yea, Jack....you got ripped off man! Didn't you consult your Red Book before you bought that? :mouth:

Tell you what Jack, I'm a nice guy, just send me that coin and I'll give you your money back since I feel so bad for you now that bahabully has filled us in.

 

I gotta tell you, I agree with the above poster.

I'm not denying the coin is attractive (it is!), but I'm not so sure I would classify a toned 1956 Lincoln (a coin commonly found toned due to the mint sets this year) in 66RB for $30 as a RIP.

Then again, if AJ is happy with his purchase, this issue is a non-issue in the grand scheme of things.

Respectfully...Mike

 

Nice toner!!!!!!!!!!

 

LOL! :mouth::thumb:

 

Can I ask something? Does (should) the colour of the toning really dictate how much its worth? Or is it the grade that should primarily dictate
Second question, what are the chances that the toning will alter, even tho its slabbed like that.
Ive got all the 56ers, all mint marks, Brilliant Uncirculated, RED and i got them in airtites with the hopes they never change. And I paid no more than 5 bucks for them, and if i sent them in for grading they would get (or close) a high MS grade as well.
its just that I have a tough time understanding paying this premium.

 

I can't answer all the questions but grade and toning do make a difference in the buyers eye. I think Jack got a deal for a NGC ms66 RB coin - the toned coin collectors will go ape over it if he sells it. Certain toned coins go for large premiums at times - 2 to 3 times normal cost for average coin in that grade. I believe over life the toning can alter depending on the storage conditions, but will leave the answer for an expert. And MS66 red 1956 coins are going for $40 and up on heritage. IMHO he did good.

 

Yup...I'm pretty sure someone is :eat:,,, and lol'ing,,, all the way to the bank. $$ btw,, I have around 5 rolls of these stuck away in MS, some similarly toned, each roll was cost me less than $10 around 5 years ago. I LOVE lincolns, and especially attractively toned ones, but this date in attractive toned, nice MS, well,,,,, everywhere.

..and they go for a few bucks in raw, by the roll, with a few nicely toned end cents.

.. come one guys/gals,,, quit marketing and pretend your talking to someone who's played with coins for the past few decades.

 

Not doubting you at all Baja, I too have rolls of these and the end coins are beautiful, they usually are.

The trick to these is for 1, getting them in a slab as they are awefull tight these days, then getting the 66 RB or 67RB grade. No so easily done.

Like Mark said, 66's run in the $40+ range, and super toners will trade 3-5X easily. I have the 55-56-57-58 all in 66RB holders, so this coin will not be for sale, it would cost to much to replace.

Some of these color collectors will pay screaming money for the RIGHT coin, so it is not hype. I showed the coin in hand last Sunday at my local Scottsdale show and declined a $90 offer. To each his ( or hers, Charmy :smile) own I guess.

The 09-P in my album with the trueview? I paid near 3X sheet ( if I remember correctly, there have been many ) for a 66rd and sold it because I could not decline the very attractive offer presented me. I still regret that sale. I would rather have the coin than the money. I believe only Magman here saw the coin in hand.

 

I completely agree with Mark - and Jack. As most everyone around here knows, I absolutely love toned coins. Just check out some of my postings - better yet, check out my website (www.thepennylady.com). Look at the prices on my website for toned coins. Sure, they may seem high to you, but that's what these beauties are selling for. And I, for one, will gladly pay (and do pay) a premium to have a coin that has beautiful toning, whether it be for my personal collection or for sale, as I think they are well worth it. That's one of the things I'm known for and toned coins is one of my better markets. And there are many more out there who feel the same, and who will also pay (and have paid) premiums for toned coins.

Bahabully, we who love toned coins are not talking like you're some newbie, but perhaps because you have been around for as long as you have (perhaps over the "past few decades"), you may not be as "in tuned" with the toned coin market as we are because it has exploded over the past few years. Whether you like them or not is not the issue, and whether you think Jack paid more than you think that Lincoln is worth doesn't really matter - he did in fact "rip" that coin, as it is worth quite a bit more than what he paid on the toned coin market. I'm not, and Jack is not, talking about the regular red Lincoln market - that market is not comparable here. Red copper lovers are in a whole different ball game than toned copper lovers.

Here's an example, I paid $75 for the 1957 below - a common wheatie and one that often comes in pretty toning. Probably worth $10+ in a nice red MS65. But I can tell you that if I were to sell it (though I won't since it is in my personal collection), it would probably sell for $130-$150, and I can just about guarantee you that coin would garner that price.

Another example is the 1909 proof Indian cent below. Again, it's not for sale, but without the toning this coin is probably worth only $250-$300. But BECAUSE of the beautiful toning, I paid lots more than that and have already been offered TWICE what I paid - all because of that stunning toning!

So my point is that all you non-toned coin people need to take your head out of the ground, wake up, and join the modern world market of toned coins - it's out there, it's strong, it's growing, and it's rabid!

 

OH NO - I am a non-toned coin person just cause I am not willing to pay the premium. But yours and jacks(and some of Pauls) do make me drool - I think I like it more in copper like these than the rainbow silver coins. It must just be the copper - copper rules. <-- Just enjoying myself since I do have a bunch of silver.

 

With all due respect, Charmy, I consider myself a "toning person" and just disagree about the premium for this coin in particular. Does that mean my head is in the ground or I'm asleep? Or does that mean I simply disagree about the toning premium for this coin in particular?

To wit, I stand by what I said about the coin -- nice coin, but hardly a rip. For instance, I would suggest that virtually nobody would take that 66RB over the 65RB you posted above, and it is my opinion that the magenta toned coins (such as AJs) don't carry nearly the pricetag that the rainbow ones do. Do you disagree?

I don't say the above to rain on anyone's parade, but rather to interject some reality into the happy talk, lest someone less experienced run out and gobble up all these coins thinking they found a rip (on a coin that is commonly found toned).

Respectfully.....Mike

 

Good deed done Mike, and I agree with you fully on protecting the newbies from running out and buying everything with color ( much like I did with Morgans 4 years ago )..........I got WHOOPIN on that spending spree:rolling:

I think Charmys coin has the more attractive eye appeal, mine has a higher number on the paper. Thats what we caution against, ...buying tags.

In the market, both will sell at substantial premiums. BUT, only to the right buyer at the right show at the right time. Mine is not for sale so I don't really give a hoot $30 for that coin is a rip. Period.

 

Now that I got a better understanding from all...especially the Penny lady, what assurances do I have if I went ahead and bought a real expensive toner off you, that the toning will always remain attractive?
I mean ya gotta admit, nothing lasts forever, so Im inlined to believe it will evenually turn brown.

 

AJ,

I guess we're going to have to agree to disagree. IMO...

If it takes "the right buyer at the right show" to fetch a premium, it ain't a rip.

If there are thousands of toned examples of these coins and they still fetch 3x what an untoned example goes for, it ain't a rip.

If the coin was offered raw and is worth 1/5 or 1/10 of the price, it ain't a rip.

All that said, value is in the eye of the beholder, so rip or not, if you're happy with the coin and the price -- who is anyone to say otherwise. All naysaying aside, it is certainly a pretty coin and I hope you enjoy it.

Take care...Mike

 

You have the grading guarantee, for one.

Charmy may offer buyback guarantees as well.

You also have the fact that the copper has resisted turning brown (or more brown, more accurately) for 50 years.

Bottom line: It's likely a stable coin, and will stay that way unless you introduce heat or moisture to the place that it is stored.

Hope this helps...Mike

 

Thanks Mike..point taken. The coin is probably stable by then so no worries unless you store it in a damp basement..etc