Reply to Thread

Message:: [QUOTE="mikenoodle, post: 479611, member: 307"]but david, I think that this is where your logic fails you: You're quoting prices for a 26-S Lincoln in MS-65 Red. It's kind of the Rolls Royce of Lincoln Cents. There is none more desired. There are exactly 1 known in MS-65 Red and that accounts for the 10X jump from 64 to 65. Other coins??? Well, let's keep the car analogy: If you have a 1989 Yugo in nearly perfect condition (MS-69), what kind of price increase will you see for a perfect one (MS-70)? Virtually none, because the Yugo is not as desirable and in reasonable supply in that condition. The coins that grade MS-69 or 70 are almost to a coin all modern and far too common to ever warrant a HUGE price. They just aren't rare. So, the question becomes how much of a difference will grading make? Not nearly as much. In the case of the 26-S, we have something that is nearly unique in this state of preservation. The rarity combined with the condition are what make for the large jump in price.[/QUOTE]