My Brilliant Idea Regarding Lincoln Chronicle Sets

If you're interested, I have 200 pictures of Lincoln and Gettysburg Address copies, which I can let go for $100 each. If you call in 20 minutes, you'll also receive this luxurious "leather-like" case. But wait, there's more! Order now and you'll receive a certificate of authenticity, because everyone knows counterfeiters can spend thousands of dollars on machinery to produce coins, but they can't forge a piece of paper that says the coins are real.

 

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What something is worth is equal to what someone will pay for it.

If the packaging weren't worth anything, than no one would pay more than the price of a proof Lincoln dollar (as little as $47 in ebay completed listings) plus the price of a Lincoln cent proof set ($7.95 from the mint). That is $55 total which is what the mint was charging for the coin and chronicles set.

The fact that the C&C set has sold for up to $200 means that someone thinks the packaging is worth $145.

 

People pay a lot of money for SGS slabs. If someone wants to collect nice packaging, this is fine, but if you're looking for nice coins that will hold their value, this is not it. To each his own, though.

 

Hey! Ten minutes left on this one and it's up to $122.50. I wonder what this guy paid to have them slabbed?

 

I think this is a clear sign of the over hype of this set. It's just like when the Lincoln cents came out and everyone was paying crazy amounts for them. Once this initial hype dies off...the price will drop substantially because the coins are common.

 

I personally would not be willing to spend ebay prices for these sets, but getting them from the mint for about $10 more than the mint issue price for the coins alone was worth it to me.

Obviously enough people felt the same way to create a quick sellout.

 

Have a look at mint boxed LP1 set prices on ebay. Compared to the rest, there were relatively few made. Those aren't crazy prices liable to come down any year soon.

As for the Chronicles set, I'll have a bunch of COAs in another couple of weeks if anybody's interested

 

I agree with that, but the thing to do if you want a set is to buy one now, sell it, then buy it next year when it sells for closer to the issue price. The same can be said for a lot of new mint issues, but most especially this one.

 

the proof coin by itself sells on ebay from a wide range 60s to 120s depending on grading if any, that alone should keep the set over the mint sale price I see it ranging from 120s to 150s for the short term, long term its anybodys guess,

 

By the time he pays for the five slabs plus e-bay and paypal fees, this guy may wind up with a loss.

 

I wonder what the Lincoln memorabilia collectors think of this set. Lincoln collectors, and there are many, could keep the price for this set up a long time. I know a guy who collects pictures, copies of letters, medals anything dealing with Lincoln. He just bought the LC&C set on e-bay and he is not a coin collector.

 

I think BIGH has made the best statement yet. The frenzy of money exchanging hands will stay up for awhile, and then go back down the curve and line out. Sell high and buy low never changes.