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<p>[QUOTE="World Colonial, post: 2438110, member: 78153"]I believe they will "eventually" drop a lot over time, but probably a long time. In writing my prior posts here, I checked a few Lincoln cents in the 1965 Red Book. They are only listed in "UNC" but looking at the Heritage archives, I'd say most of the "keys" and "semi keys" in this series have been financial losers in grades up to 63 though maybe this is only BN or RB which is roughly equivalent to many 1965 "UNC". This is in "real" money and not nominal prices since a 2016 dollar is worth a small fraction from 51 years ago. The '55 DDO cent was one of the few winners.</p><p><br /></p><p>A few examples include the 26-S at $140, 14-D at $700, 09-S VDB at $335 and the '55 DDO at $250.. Heritage records recent sales of the 26-S in 63 BN for less than $300 and the 14-D in 63 RB at about $3000. I didn't check the 09-S VDB but don't believe it's worth more than $1200. The DDO cent I believe is about $2000.</p><p><br /></p><p>In 1965, these coins were very expensive for the typical collector, relative to income and net worth. There were also many coins which sold for somewhat more or less that have left these coins in the dust. An example is the 1815/12 Bust Half which was listed at $500 in UNC.</p><p><br /></p><p>What I am describing, this is the performance over half a century of mostly relatively prosperous times and a massive asset bubble with the loosest credit conditions, ever. I rate the chances of an economic repeat with similar financial conditions where the masses will share equivalently in any future prosperity (which I think will be much less and at some points, negative) at essentially zero.</p><p><br /></p><p>Combined with the internet revolution, this economic combination isn't remotely likely to lead to the outcome where such common coins with inflated prices and mediocre numismatic attributes are likely to perform well financially.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2438110, member: 78153"]I believe they will "eventually" drop a lot over time, but probably a long time. In writing my prior posts here, I checked a few Lincoln cents in the 1965 Red Book. They are only listed in "UNC" but looking at the Heritage archives, I'd say most of the "keys" and "semi keys" in this series have been financial losers in grades up to 63 though maybe this is only BN or RB which is roughly equivalent to many 1965 "UNC". This is in "real" money and not nominal prices since a 2016 dollar is worth a small fraction from 51 years ago. The '55 DDO cent was one of the few winners. A few examples include the 26-S at $140, 14-D at $700, 09-S VDB at $335 and the '55 DDO at $250.. Heritage records recent sales of the 26-S in 63 BN for less than $300 and the 14-D in 63 RB at about $3000. I didn't check the 09-S VDB but don't believe it's worth more than $1200. The DDO cent I believe is about $2000. In 1965, these coins were very expensive for the typical collector, relative to income and net worth. There were also many coins which sold for somewhat more or less that have left these coins in the dust. An example is the 1815/12 Bust Half which was listed at $500 in UNC. What I am describing, this is the performance over half a century of mostly relatively prosperous times and a massive asset bubble with the loosest credit conditions, ever. I rate the chances of an economic repeat with similar financial conditions where the masses will share equivalently in any future prosperity (which I think will be much less and at some points, negative) at essentially zero. Combined with the internet revolution, this economic combination isn't remotely likely to lead to the outcome where such common coins with inflated prices and mediocre numismatic attributes are likely to perform well financially.[/QUOTE]
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