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Is it worth the effort and expense to buy red Lincoln cents?
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<p>[QUOTE="The Penny Lady®, post: 580919, member: 16948"]Yep, exactly as Jack said. I have collectors who will only collect Indian cents that have the Eagle Eye Photo Seal (EEPS). EEPS coins come with an Eagle Eye sticker and a laminated photo card of the coin with Rick's signature. And you might wonder since Rick sells only Indian cents, whether he puts his seal on coins just to make it easier to market them, I have to say it's been my experience that it doesn't matter whether he owns the coin or someone submits it to him, Rick judges each coin independently and without prejudice before he puts his sticker on a coin. Otherwise, Rick and his EEPS coins would quickly soon lose their integrity. </p><p> </p><p>In any event, EEPS coins do bring a premium and are highly sought after among the Indian cent collectors. The CAC people are basically doing a very similar thing by putting their seal of quality on all series of coins they feel are premium for the grade. I now have collectors wanting CAC stickered coins and are willing to pay a premium for them. I have even seen a few coins bearing both the EEPS and CAC stickers! </p><p> </p><p>One of the positive things these stickers have done is simply making it easier for people to buy these coins "sight unseen" (throught the mail or from auctions) with a better assurance that they are getting a very nice problem-free coin. However, relying on these stickers is also making it easier for collectors NOT to have to learn to grade coins for themselves, which IMHO is not necessarily a good thing. </p><p> </p><p>Whether or not you agree with the higher quality of these stickered coins, you have to agree that it is an excellent marketing tool, as long as integrity is maintained![/QUOTE]</p><p><br /></p>
[QUOTE="The Penny Lady®, post: 580919, member: 16948"]Yep, exactly as Jack said. I have collectors who will only collect Indian cents that have the Eagle Eye Photo Seal (EEPS). EEPS coins come with an Eagle Eye sticker and a laminated photo card of the coin with Rick's signature. And you might wonder since Rick sells only Indian cents, whether he puts his seal on coins just to make it easier to market them, I have to say it's been my experience that it doesn't matter whether he owns the coin or someone submits it to him, Rick judges each coin independently and without prejudice before he puts his sticker on a coin. Otherwise, Rick and his EEPS coins would quickly soon lose their integrity. In any event, EEPS coins do bring a premium and are highly sought after among the Indian cent collectors. The CAC people are basically doing a very similar thing by putting their seal of quality on all series of coins they feel are premium for the grade. I now have collectors wanting CAC stickered coins and are willing to pay a premium for them. I have even seen a few coins bearing both the EEPS and CAC stickers! One of the positive things these stickers have done is simply making it easier for people to buy these coins "sight unseen" (throught the mail or from auctions) with a better assurance that they are getting a very nice problem-free coin. However, relying on these stickers is also making it easier for collectors NOT to have to learn to grade coins for themselves, which IMHO is not necessarily a good thing. Whether or not you agree with the higher quality of these stickered coins, you have to agree that it is an excellent marketing tool, as long as integrity is maintained![/QUOTE]
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Is it worth the effort and expense to buy red Lincoln cents?
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