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Why did this 1979 Penny sell for $2800?
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<p>[QUOTE="baseball21, post: 3785490, member: 76863"]Would I buy it, no but I don't really like Lincolns. There's also the whole money to spend thing lol.</p><p><br /></p><p>My basic point was just that top pop moderns are in fact rare by comparison and there aren't thousands of them laying around waiting to be discovered. There just aren't many of them right off the press and then there is luck involved that they get to the right hands immediately before losing grades. Even a majority of collectors would end up destroying a top pop thinking oh it's just a modern like we have seen in this thread and many others.</p><p><br /></p><p>Fair price right now should be four figures something I would guess. Almost all business strike top pops that weren't a special issue are four figure coins. There are a number of collectors out there that enjoy moderns and want the best and are willing to pay for it. It's no different than people that get steak instead of ground beef, pay 300 dollars for a dinner, thousands for a bottle of wine. They like what they like and they have the money to afford it, it doesn't make them foolish or any of the other nonsense some people were throwing around about these collectors just because they can afford it and enjoy different things than the poster does.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 3785490, member: 76863"]Would I buy it, no but I don't really like Lincolns. There's also the whole money to spend thing lol. My basic point was just that top pop moderns are in fact rare by comparison and there aren't thousands of them laying around waiting to be discovered. There just aren't many of them right off the press and then there is luck involved that they get to the right hands immediately before losing grades. Even a majority of collectors would end up destroying a top pop thinking oh it's just a modern like we have seen in this thread and many others. Fair price right now should be four figures something I would guess. Almost all business strike top pops that weren't a special issue are four figure coins. There are a number of collectors out there that enjoy moderns and want the best and are willing to pay for it. It's no different than people that get steak instead of ground beef, pay 300 dollars for a dinner, thousands for a bottle of wine. They like what they like and they have the money to afford it, it doesn't make them foolish or any of the other nonsense some people were throwing around about these collectors just because they can afford it and enjoy different things than the poster does.[/QUOTE]
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