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The Future of the Lincoln Cent - Buy Now?
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<p>[QUOTE="Treashunt, post: 265118, member: 6763"]mike:</p><p> What so many people forget is that not everyone has thousands of dollars to spend on a single grade rarity.</p><p>A friend recently (last year) spend about $3,000 on a condition rarity (I believe it was a 1917 MS-67 red, or something like that).</p><p>Nice coin, but now all of the profit has been made.</p><p>I am totally opposed to the PCGS collectors' club that encourages the purchase of 'rarities' like MS-69 or MS-70 silver eagles for thousands more than the $15 to $20 that an MS-67 or 68 would sell for.</p><p><br /></p><p>If you want a professional opinion, real the last couple of month's of Dave Bowers' column in Coin World, he echoes the same sentiment.</p><p>For that same $3,000 (actually less) my friend could have gotten a Barber quarter-- 1896 S in F, now that is a scarce coin, or a VG 1913 S quarter.</p><p>Both of those are truly scarce coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Treashunt, post: 265118, member: 6763"]mike: What so many people forget is that not everyone has thousands of dollars to spend on a single grade rarity. A friend recently (last year) spend about $3,000 on a condition rarity (I believe it was a 1917 MS-67 red, or something like that). Nice coin, but now all of the profit has been made. I am totally opposed to the PCGS collectors' club that encourages the purchase of 'rarities' like MS-69 or MS-70 silver eagles for thousands more than the $15 to $20 that an MS-67 or 68 would sell for. If you want a professional opinion, real the last couple of month's of Dave Bowers' column in Coin World, he echoes the same sentiment. For that same $3,000 (actually less) my friend could have gotten a Barber quarter-- 1896 S in F, now that is a scarce coin, or a VG 1913 S quarter. Both of those are truly scarce coins.[/QUOTE]
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