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Why did this 1979 Penny sell for $2800?
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<p>[QUOTE="GoldFinger1969, post: 3781331, member: 73489"]And with the TPGs entering less than a decade later and coin collecting in 1979 in full-swing, I can't believe there aren't tens of thousands of MS-70's let alone tons more in Mint State. For all we know, the penny referenced in the YouTube video was an MS-70 DPL or something like that.</p><p><br /></p><p><b><span style="color: #0000ff">Some of the 2009 Ultra-High Relief Saints sold for tens of thousands</span></b> of dollars with gimmicky labels and a belief they'd be more likely to double or triple if gold simply moved up 50%. I don't follow their pricing as closely, but they generally have been falling in price for years.</p><p><br /></p><p>I see nothing on Ebay now for much more than $20 completed, $100 asked for any 1979 pennies:</p><p><br /></p><p><a href="https://www.ebay.com/sch/i.html?_from=R40&_trksid=m570.l1313&_nkw=1979+U.S.+1C+penny&_sacat=0&LH_TitleDesc=0&_sop=16&_osacat=0&_odkw=1979+1C+penny" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ebay.com/sch/i.html?_from=R40&_trksid=m570.l1313&_nkw=1979+U.S.+1C+penny&_sacat=0&LH_TitleDesc=0&_sop=16&_osacat=0&_odkw=1979+1C+penny" rel="nofollow">https://www.ebay.com/sch/i.html?</a></p><p><br /></p><p><a href="https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313.TR5.TRC0.A0.H0.X1979+penny.TRS0&_nkw=1979+penny&_sacat=0&LH_TitleDesc=0&_sop=16&_osacat=0&_odkw=1979+U.S.+1C+penny&LH_Complete=1&rt=nc" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313.TR5.TRC0.A0.H0.X1979+penny.TRS0&_nkw=1979+penny&_sacat=0&LH_TitleDesc=0&_sop=16&_osacat=0&_odkw=1979+U.S.+1C+penny&LH_Complete=1&rt=nc" rel="nofollow">https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313.TR5.TRC0.A0.H0.X1979+penny.TRS0&_nkw=1979+penny&_sacat=0&LH_TitleDesc=0&_sop=16&_osacat=0&_odkw=1979+U.S.+1C+penny&LH_Complete=1&rt=nc</a>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3781331, member: 73489"]And with the TPGs entering less than a decade later and coin collecting in 1979 in full-swing, I can't believe there aren't tens of thousands of MS-70's let alone tons more in Mint State. For all we know, the penny referenced in the YouTube video was an MS-70 DPL or something like that. [B][COLOR=#0000ff]Some of the 2009 Ultra-High Relief Saints sold for tens of thousands[/COLOR][/B] of dollars with gimmicky labels and a belief they'd be more likely to double or triple if gold simply moved up 50%. I don't follow their pricing as closely, but they generally have been falling in price for years. I see nothing on Ebay now for much more than $20 completed, $100 asked for any 1979 pennies: [URL='https://www.ebay.com/sch/i.html?_from=R40&_trksid=m570.l1313&_nkw=1979+U.S.+1C+penny&_sacat=0&LH_TitleDesc=0&_sop=16&_osacat=0&_odkw=1979+1C+penny']https://www.ebay.com/sch/i.html?[/URL] [URL]https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313.TR5.TRC0.A0.H0.X1979+penny.TRS0&_nkw=1979+penny&_sacat=0&LH_TitleDesc=0&_sop=16&_osacat=0&_odkw=1979+U.S.+1C+penny&LH_Complete=1&rt=nc[/URL][/QUOTE]
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Why did this 1979 Penny sell for $2800?
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