that Lincoln Cent prices have been dropping for the past year? It seems as though they peaked in late 2009 and now we're having some sort of correction. Is this the case with most US Coins or just the Lincoln Cents?
I have noticed that. Although Lincolns are what I collect, I think the drops in prices expand much further than the Lincoln series. Everything seems to be tanking.
& Dont forget about Copper, I have well over $500 (Face Value) in <1982 pennies (and expanding) Considering if it were pure, it would be worth 2.7 cent per 1 penny (melt value, which by the way is illegal) Thus I assume to a Nusismist they one day (50-100 years from now.) Could be worth 300% more (Or 30 Cents) hahahaha
I collect Lincolns and have a complete collection - while I have noticed at the very least a price stagnation, I have to agree with the comment above about this occurring across the board. It's simply the economy. I think we will see values once again rise for early type and key dates once people can afford to collect them again.
I would think the buying of gold would be stalled. Buy high: Loose your shorts when it goes down. I can't remember being shoved down the throat of all the Gold pushers that advertise everywhere. Glad I'm just a Cent collector. Seems like disaster looming like the housing mark in my opinion.
How long of a period of time do you think it's been dropping? I've been looking in the last six months or so and I think the Lincolns are pretty steady. I figure it's because it's a popular coin that a lot of people collect as their first set. The coins I've been able to find well below the book values are Indian head cents and some buffalo nickels.
I saw a slight drop in the price of the '31-S across the board some months ago. I have also seen mixed activity in the higher grades for many dates; some dropping, some gaining. I guess overall the Lincoln cent picture isn't bad, as prices actually haven't softened as much as would be expected given the dimsal economy. I think Lincolns will always be a good performer simply because of how popular and loved they are among both novices and veterans.
If you look at the most active PCGS prices, there has been some drops for the low end stuff. A good bit of red there but the rest are holding pretty steady. Why do you think prices are dropping?
I could very well be looking at the "reds" by coincidence, but from what I've seen with the coins I've looked at in Heritage's Auction Archives they are selling for sometimes significantly less than they were a year or two ago. Especially top-pop stuff. I'm not sure that I've looked at any key dates lately though.
From personal observation, it seems to me that Lincoln Cents are selling on Ebay for less than they were a year ago (or even 6 months ago). Also, I checked the price guide on Numismedia and it appears to me that most of the Lincolns (at least in the lower grades) have dropped some.
I collect and deal with a lot of coins all across the U.S. spectrum and I have been seeing depressed and falling prices for all but the top of the pyramid coins. Commems are nearly non existent and a lot of better date stuff is coming on the market for pennies on the dollar. I watched a complete BU washington set 1932-2009 trade hands for less than $2000 then trade hands again a week later for less than $2500 and a year ago that was a $4500 or more set. I've seen lincolns go for nothing and whole sets of roosies sold for scrap.
