MS 68 Lincoln Formative Years

Discussion in 'Coin Chat' started by Harryj, Jun 5, 2009.

  1. Harryj

    Harryj Supporter**

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  3. rlm's cents

    rlm's cents Numismatist

    That is the first one of them I have seen and from the looks of teh price, it might be the only one so far.
     
  4. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    Thats a MS68 ???????!!!!!!!!!!

    Send it to PCGS for crossover....:kewl:
     
  5. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Wouldn't surprise me if we saw a 67, or 66 come back chief!
    I'm in shock you didn't get one single 68, or a 67!!!
    I'm sure yours 66's look better than that...
    For 5,000, that is ridiculous!
    Still no LOG CABIN MS68's....
    And already a formative 68
    That log cabin will bring big bucks, if a 68... And that formative years 68 should bring at least $1-1,500 if the 67's bring what, $250-$400
     
  6. 4largecents

    4largecents Goldpan Man

    I have to disagree Chief, if it gets sent to NGC then it will come back MS67 or lower:rolleyes:...lol.
     
  7. 4largecents

    4largecents Goldpan Man

    T$...you can bet before all is said and done, Chief will have a 67 or 68!!!!:D
     
  8. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Shoot, he'll get a MS70, and move in, to a MANSION, and more than DOUBLE his tribe! :D
     
  9. clembo

    clembo A closed mind is no mind

    Just incredible how some people are when it comes to modern (and does it get much more modern than this?) coins.
    A $5000 price tag. The seller may, or may not get it. He WILL get a hefty premium as, after all, it's an NGC First Day of Issue. Whoop de doo!

    Now, don't get me wrong here. MS68 is indeed a lofty grade especially if the "formative years" coins are as shoddy as the "log cabin". I've seen enough and the quality is horrible in my opinion. I own zero and wll be fine if that number stays where it is.

    It's a very modern cent. It's in a chunk of plastic and there will be MILLIONS minted.

    The TPGs become more pathetic every day on this modern stuff. They fan the flames of "I need the best" on this modern stuff. They can do it with modern stuff and get away with it. They make their own price guides and issue "population reports".

    Want to do something interesting? See how the population reports change on these in the next six months vs. the population reports on, let's say, an 1893-S Morgan.

    Then figure out what is an authentic and proven rarity.
     
  10. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer


    I think the
    Early Release
    First Day Issue
    First Strike

    Is all crap... Just more ways, for grading companies to make their money, and more ways for dealers to make money... Dealers will send their shipments in, get em' graded with a $12 label, pray the population reports are low, then flip em' for the big bucks!
    Regardless your view of this, you could buy a $25 Buffalo MS69 and a $25 buffalo MS69 First Strike, and pay up to $300 more for the first strike, but you are getting the same coin! So you are basically paying for the $12 label, and the plastic!
    I believe in having coins graded, vs. raw, but I'd rather buy a bunch of raw coins, rather than have some FIRST DAY ISSUE junk... (Not saying people who collect FDI's are collecting junk, just saying I wouldn't pay a large premium for it)
     
  11. 4largecents

    4largecents Goldpan Man

    I have gone through alot of the "new Lincolns" myself, and the quality is very poor (JMO) and yes it's just a peice of plastic that they put them in but, if someone wants to give me a bunch of money to take it off my hands...then by all means...SELL SELL SELL. :D
     
  12. clembo

    clembo A closed mind is no mind

    T$,

    That's my point. I think you're getting it.
    I've been doing this for a long time. 99% of my coins are raw. I'll start slabbing them for one basic reason.
    If something happens to me my wife will get better money for them. I'll only "waste" the slabbing fees on "proven" coins.



    Yup,

    One born every minute. I just won't play that game but believe me dealers do as it is a business.
    I will NOT show this thread to my boss because I don't really want to go through rolls of modern stuff to have him send it in. Did that a few weeks ago with 97 silver eagles. ONE came back a 70.
     
  13. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Well shoot clembo, don't they just put those ASE's on conveyor belts, and play eenie meenie miney mo? lol
    Out of my one roll of log cabins I won, in a contest... I think I found a lot of 64-65, and a few 66... I doubt any were 67's...
    But hey, if I thought they were, I'd join PCGS, and get it graded, and sell... Just brings me closer to gold! Sell modern plastic crap, for gold... and proven coins, makes sense to me!
     
  14. Arizona Jack

    Arizona Jack The Lincoln-ator

    I agree with Clembo...this is a sucker market. MOderns are great if you collect them " from the mint " but when you add stoopid grades and silly plastic, you might as well buy your coins from Billy Mays on a coin show on televieion, you have fell for it.........you need more education or something:rolling: you are dangerous to your own money and savings.
     
  15. kevcoins

    kevcoins Senior Roll Sercher


    I buy from that guy all the time......he said my bussiness strike New Jersey Quarter is worth 29.99:yawn: I really wish i could sell to him
     
  16. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    Yep you sure have.......:thumb:

    LargeCents and myself had 212 rolls of Cabins to go thru.......:yawn:

    We still have 97 rolls left.....:rolling:

    So far we have about 20 with nice toning already....put those in PCGS flips for long term storage......in a few years they will look cooler....:high5:

    LC found a sharp die break on the obverse of one.....looks cool...:cool:

    Well let me get my cotton gloves and 12X and start looking for that first 68.....:bow::bow::bow:
     
  17. kanga

    kanga 65 Year Collector Supporter

    Send them to SGS.
    Be the first numismatist on your block to own a MS-70.
     
  18. Danr

    Danr Numismatist

    68 is a super high grade, I doubt that there will be many up that high. The thing is that there have been a lot of boxes searched and the reports are that these coins are low quality, 5K might be the right price.
     
  19. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    I already own three MS70 morgans... :D lol
     
  20. lionsdog64

    lionsdog64 New Member

    my i see one of thoose ms70 morgans never seen one graded that high?
     
  21. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Nope, to my knowledge none have ever been graded that high... MS69 is as high as I've heard...
    (The post above, with my MS70's, was humor...)
     
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