I finally got my Lincoln Cent albums from my parent's safe and I would like to get some expert opinions as to the grade and value of my Lincoln Cent key dates. Included are: 1909S VDB, 1909S, 1911S, 1914D, 1922D, and 1931S. Any comments would be appreciated. 1909S VDB... 1909S...
no lincoln expert but here goes. 1909S VDB about F12 value raw is around $700 to $800 1909S is around G6 and valued raw about $65 to $75 1911S is about VF20 value of $35 to $45 1914D looks VG 10 maybe with approx raw value of $140 to $160 1922D looks VG10 raw value approx $10 to $12 1931S looks F15 or so but has damage to reverse that would lower the net grade to vg I think approx raw value is around $65 to $75 These are my best guesses. Looking forward to hearing what other smarter people think!
Well, anything is only worth what someone will give for it. I'll give you $6 for them all. That's a return of 10000% for you! It's a win-win deal! P.S. In reality, I wouldn't sell them for less than $900 total.
09-S VDB is fine details. It is corroded so I would go $600 - $650 09-S G6 greysheets for $85 14-D VG8 greysheets for $170, but I think that is high 11-S VF details, but damages on the reverse maybe $40 31-S F15+, but scratched 22-D (not weak) technically probably low VF, but with those wheat probably would not go over $20 (VG price)
Gotta agree with Rim, I was gonna say G-F+. I like that you included the 11-S. It has a lower survival # than the 1909-S VDB. 11-S....40,000 have survived, 900 @ MS60+ S-VDB..50,000 have survived, 6,000 @ MS60+
Keep in mind that in 1909 milk cost 3 cents a gallon and I believe the average hourly wage was around 22 cents per hour, so to hoard 2 dollars worth was a days pay. I don't think 50,000 is that far off.
I wish I took a picture of this before it turn into coinstar food, but I dumped a 2013p that had A LOT of scratches and dings, and I've been only seeing 2013's for about 6 weeks or so.
source ? Refrigeration would have been tough then and most people used iceboxes. I think 3 cents is way low
I have a serious question, above you guys mention how many survived from the total mintage, and how one cent was commonly spent and not hoarded, but then what happened to the other 400,000+ other cents from the total mintage? Where they melted down for copper? Worn slick to the point of nonrecognition? Or could they be hoarded in an unknown location to drive up value? This makes me curious...
They weren't melted as copper has only been high enough to do so in recent decades and wheat cents would not get melted plus it is illeagle to melt cents. I doubt they were worn slick. How many dateless Lincolns have you seen ? Lost is the best explanation or that 80% of them are still here ! This date was known to be scarce plus it was a 1st year of issue.
By saying "worn slick" I meant worn to the point that banks/mint pulled them out of circulation to be replaced by a more crisp cent . Oh and yes I have seen several dateless Lincolns from being circulated. And by being lost, wouldn't I and thousands of other metal detector enthusiasts be digging these up from the Earth? Unless of course lost in a city, entombed under feet of cement to never be seen again. (Which sounds like the more feasible answer) Thanks for answering Doug!:smile My curiosity continues... -Mike
I'm not sure how often coins actually get replaced. I think it is rather rare actually unless the coin is actually mutilated in some fashion.
Actually, you are correct. It was 7¢ a quart in 1900 and 32¢ per gallon in 1910 http://wiki.answers.com/Q/What_is_the_cost_of_a_pint_of_milk_in_the_1900#page2 http://wiki.answers.com/Q/What_was_the_cost_of_a_gallon_of_milk_in_1910#page2
it had to be more expensive ( adjusted for inflation) 100 years ago, just common sense really. So a gallon of milk was over an hour's pay now it is more like 2 gallons an hour is minimum wage.