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<p>[QUOTE="cladking, post: 13031, member: 68"]There is also something much more to the moderns than the price guides or even the dealers sell lists can show you. Slabbed coins generally start at at least a few dollars because of the high cost of having them slabbed. The Red Book has never made any attempt to accurately reflect the value of moderns. Dealers selling raw coins as gems are quite often overgrading even with the moderns.</p><p><br /></p><p>Many of the later date Lincolns are actually pretty tough to locate in MS-65. Once they are found it will cost $10 to slab them and the market value tends to be even lower so it's not cost effective. This causes dealers to seek the coins raw and to often sell choice coins as gems. Even with these lower grades it is sometimes cheaper for the collector to just go ahead and buy the slabbed coins. The best way is to get out and look for the coins yourself. You can find nice gems with a little effort and they'll often be quite cheap. </p><p><br /></p><p>A few years ago there were huge numbers of moderns that could be sold wholesale as MS-60's for less than the Red Book value in gem!!! In a few cases these were coins which were scarce in gem!!! Use a different price guide for moderns.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 13031, member: 68"]There is also something much more to the moderns than the price guides or even the dealers sell lists can show you. Slabbed coins generally start at at least a few dollars because of the high cost of having them slabbed. The Red Book has never made any attempt to accurately reflect the value of moderns. Dealers selling raw coins as gems are quite often overgrading even with the moderns. Many of the later date Lincolns are actually pretty tough to locate in MS-65. Once they are found it will cost $10 to slab them and the market value tends to be even lower so it's not cost effective. This causes dealers to seek the coins raw and to often sell choice coins as gems. Even with these lower grades it is sometimes cheaper for the collector to just go ahead and buy the slabbed coins. The best way is to get out and look for the coins yourself. You can find nice gems with a little effort and they'll often be quite cheap. A few years ago there were huge numbers of moderns that could be sold wholesale as MS-60's for less than the Red Book value in gem!!! In a few cases these were coins which were scarce in gem!!! Use a different price guide for moderns.[/QUOTE]
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