Member Journal Entry:

Would You Take A Chance On This Coin?

Posted: 5/28/2012 3:23:37 PM | Views:736

For me personally, NO

Hi everyone. About a week and a half ago this example of an IGC MS67 RD 1969S Lincoln Memorial was offered for sell on TeleTrade and it failed to sell that night. It is coming up for auction again during the June 4th auction. When I followed this coin the first time the last bid I saw was at $1000.00 WOW, is all I can say. NGC grades only 5 in MS67 RD with one graded higher. NumisMedia list the coin for $630 in MS67 RD. I am in no way convinced that this coin would cross over to NGC after being cracked out of its current slab and in it's current TPG slab I can't imagine paying almost double of NumisMedia list. Even if the price was very low on this coin I personally would not buy it based on the images. Let me know what all of you think. I hope everyone enjoyed their Memorial Day Weekend and that you took a moment to pay your respects to our nations fallen warriors and to all of our men and women who carry on. As always, thanks for looking and Happy Collecting

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