Why is a 1989-S proof Lincoln Cent given a higher value than the complete proof set that cointains that same cent ?
If you're looking in the Redbook, the price listed for the individual cent is for PF65 grade. The price for the set assumes atleast PF60 grade on average. Prices are from the 2011 issue 1989 S proof set $7.00 These next are PF65 prices, not every coin in the set will grade PF65 1989 S Lincoln $9.00 1989 S Jefferson $4.00 1989 S Roosevelt $4.00 1989 S Washington $4.00 1989 S Kennedy $8.00 For a total of $29.00
ok , thank you. basically you would have to pay $40.00 to get a coin graded that would only be worth $8.00 ?
No deduct 20% from those figures to get a more realistic price. Redbook is a great source of information on coins, but their prices are well over FMV.
Man , you are generous, I usually cut the RedBook values in half as far as what I am willing to pay. Then check the auction sites to see what the current market is doing for that particular coin. What prompted my original question is the 1991-S Proof Lincoln Cent redbook value vs the complete proof set redbook value & Billyray helped me understand that it is grade specific.
