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Are 1909 v.d.b. lincolns really that valuable?
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<p>[QUOTE="kaparthy, post: 1018764, member: 57463"]The Lincoln Cent is the singlemost common collectible in the world.</p><p><br /></p><p>But at nearly half a million struck the 1909-S VDB is hardly "rare." Many coins of the world, many popular American tokens, and, of course, almost any fine art medal, are much rarer. </p><p><br /></p><p>It is an axiom of ecoomics that demand drives markets. (Keynesians speak of "supply and demand" both as drivers, but they are wrong.) More people want 1909-S VDB cents, so the price is higher. </p><p><br /></p><p>It is also an axiom that the market is always right. In the Red Book, for Bust Dimes, see that the 1837s have about one-third the mintage of the 1836s, but both have the same price. If you think the market is wrong -- and has been wrong since 1947 -- stock up on 36s and wait for the world to make you rich.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 1018764, member: 57463"]The Lincoln Cent is the singlemost common collectible in the world. But at nearly half a million struck the 1909-S VDB is hardly "rare." Many coins of the world, many popular American tokens, and, of course, almost any fine art medal, are much rarer. It is an axiom of ecoomics that demand drives markets. (Keynesians speak of "supply and demand" both as drivers, but they are wrong.) More people want 1909-S VDB cents, so the price is higher. It is also an axiom that the market is always right. In the Red Book, for Bust Dimes, see that the 1837s have about one-third the mintage of the 1836s, but both have the same price. If you think the market is wrong -- and has been wrong since 1947 -- stock up on 36s and wait for the world to make you rich.[/QUOTE]
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Are 1909 v.d.b. lincolns really that valuable?
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