Just did a search on eBay and came across a bunch of very pricey 2010 Lincolns. The highest one currently up for BIN at almost $3k. So my newbie collector question is: How can these relatively new coins already hold so much value? I know error coins are always unique, but most of the listings are just for high-quality coins. Which I would have thought there'd be a lot of out there since the coin is so new. I'm sure plenty of people picked these up the day they were available. How can a recent, popular, widely available coin have this kind of value already?
http://www.ebay.com/sch/i.html?_nkw=2010+lincoln+cent&_sacat=0&_odkw=2010+lincoln+cent&_sop=3&_osacat=0&_from=R40 http://www.ebay.com/itm/2010-D-LINCOLN-CENT-SHIELD-NGC-MS68-RED-SOLO-FINEST-REGISTRY-/130483145440?pt=Coins_US_Individual&hash=item1e6166cae0#ht_500wt_1335
If this is the one you saw: http://www.ebay.com/itm/2010-D-LINC...40?pt=Coins_US_Individual&hash=item1e6166cae0 It's the highest grade available which makes it quite rare. However, the asking price is not the "sold" price. What it's actually worth will be determined when it actually sells which might be far less than the asking price.
I wouldn't buy any of these for that price. The price will drop once more people start sending in 2010 Lincoln's to get graded. You can still buy the 2010 P and D rolls from the Mint. Probably tons of potential MS66+ still out there. I likely have a few in the few rolls I bought and have kept rolled up. http://catalog.usmint.gov/webapp/wc...ctId=16184&langId=-1&parent_category_rn=35238 These sellers are trying to capitalize early on I think. Can't blame them though, they might get a few suckers willing to spend hundreds or a thousand on a penny that's currently worth 1 cent to me.
We all wonder about that. It was probably a MS70 DPL DCAM Var III. PCGS only has 8 in the registry. They are also first issue.
I brought one of those once and my 16 year old used it to buy a slurpy with. I was so angry with him. I went back to the 7-11 and we couldn't even find it !!
