LN6 resales "DOWN"

Dang! I'll trade you my 10 Franklins for your 5 Buffaloes! :eat:

 

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It will be since there are no Unique Coins within the set and each of the cents has mintages in the millions while the Lincoln proof is at 375,000.

The low mintage coin is the Lincoln Uncirculated Dollar at only 125,000 pieces.

Anybody considering buying these as an investment because "the prices are sure to rise" should really reconsider their strategy.

This set has been super hyped due to the 1 set per household limit and the only distinguishing factor is the packaging.

If you do not have a set yet and have not ordered one from the mint, and absolutely MUST have one, I would wait until the prices come down significantly.

 

I would think $40 to $60 if even that might be more reasonable in a year or so.

 

I doubt you'll see these sets at under $100. sure, the coins are available elsewhere, but that's not the point. There are a ton of Lincoln collectors out there that just want this set for their collections and that alone will keep the prices high. Compare the price of an 1909-S VDB with a mintage of nearly 500,000 vs. the prices of any other coin released in the last 100 years with the same mintage and the Lincoln price seems like moon money... Lincolns are in high demand all around that keeps prices high.

 

Well said....

 

Your analogy is very flawed by the simple fact that you are comparing a limited mintage coin with coins that will be minted by the millions and are available in any of the various proof set offerings for 2009.

 

Yeah you're right, but I also didn't say any of the coins in the set were rare or anything. Bottom line is that this set is limited to 50,000 sets. Sure, I already have the proof cents separately w/ my proof set, but as a Lincoln collector I really wanted this set too. Apparently, I'm not the only one who wants to keep this set as a set intact for my collection and I think demand for this set will stay high, despite the fact that all of the coins are available in other sets.

 

I want to jump in here I support this statement. I know I have voiced my interest in this newly formed(paper craze) that has been going on, but it is the paper craze that will keep this item high. At one per house hold lots of people are going to be touching them, lots of kids, lots of random people who bought the set just because they thought it was cool, there will be some ruined by water damage, people are even popping these bad boys open to get them graded. These sets will be ruined by the thousands, and become worth only as much as the coins outside the box are.

This leaves the pristine sets, the ones who weren't ruined by kids, collectors, water damage, accidental. Think about this--------->Every time someone hears about this set and tries real hard to get it, they actually succeed, these people are going to be split between 2 groups, the ones who open the package and play with the book lowering the value, and those who let it set pretty never touching it. It's like mass produced paintings that were actually worth something, every year there will be less and less of them for random reasons which will in turn drive up price.

 

I would have been cool if they put a crisp 5 dollar bill in the chronicles set as well. Just thinkin.......

 

That would have been sweet!

 

Don't get me wrong folks as I fully understand the "excitement" about this set.

However, no matter how much nor in how many different ways you justify it, once this "wave" of excitement settles down then so will the price on these sets as this is a story that has been told and retold many, many times.

I again strongly caution folks before they start "setting" these aside for the future. If you did not get in on the mint offering then one or two sets will simply minimize the losses whereas investing in multiples of this is only going to hurt over the long run.

Lets revist this thread in a year and see exactly where these $200 and $300 dollar sets are really selling at.

 

I plan to keep this set intact - I just like it for who it commemorates & what it is! That's value enough for me!

 

When the Franklin Dollars came out, it was also sold out and resale price went over $100 for couple of month, eventually it came down to below mint issued price. I believe this set will drop to below $100...

 

I'm not sure where the price will ultimately settle either, and it'll be fun to watch once the eBay filppers have had their fun.

Of course, I paid $60 for mine from the mint and I know I'll always be happy with the purchase, regardless of the market does with the other 49,999 sets :thumb:

 

Yeah, you could be right. I already had a NGC PF70 Lincoln silver dollar because I didn't think this set would ever materialize. I also have the LP set that came with my 2009 silver proof set.
I like Lincoln but I'm not a Lincoln cent collector at all. I have a total of two, relatively valuable Lincoln cents in my collection. But I do collect commemoratives, think this is a great set and certainly don't mind getting some more of them.

I won't be selling mine. I will open it up and look at it of course, but will be sure to keep all the paperwork and the receipt nearby.

Lets just say the mint's commemorative program doesn't hit a homerun every year so I'll enjoy the good IPOs as they come up. Last year and this year were great, IMO. Next year I may not be interested in anything they do. Including the park quarters.

 

Buddy a year on most all coins lowers the value. Nobody denies the hype and people who are willing to pay way more than they should. But long term is what I am referring to. This valuing the paper around the coin thing is relatively new, and if the paper craze fizzles then I believe this coin will too, as I believe I have said before on this forum about the paper on other coins. But if the paper craze stays strong then this set in 10 years will have true value.

And my big question is what other coins were surrounded by cool paper and not a velvet box?

Though I will have to admit I assume this sets little book thingy is as flimzy as my Braille education set(didnt buy for investment)