1956D-1OM-001

[lucky2]

This is more of a question on pricing of this coin. I had 2 of these things. Coppercoins listings say its worth $250.00. Well and good. I sold one of them for 300.00, even better. Now I see in a Lincoln Cent book That its worth 900 dollars. Since the book is over 5 years old and prices have gone up since then might anyone have an idea of what the going price might be. I am pritty sure that die varieties are a waste of time on Ebay. Someone said a year or two ago that when I got ready to sell let them know. Well I am ready. No I am not giving up or quitting but I am reorganizing things a little as my age creaps up on me because my wife knows nothing about coins.~lucky2

[Scott]

My experience with this variety is that a typical price for a gem of 65 Red quality would go for $150 to $250 in todays market. This is also a coin you may want to consider slabbing, if it is superior in quality. I believe the reason for the decrease in value is that a considerable number have been found in the last 5 years. I have had 6 or 8 examples in this timeframe and I have seen quite a few others available as well.

Scott

[lucky2]

Scott Oh Boy your just full of good news arn't you. LOL Thanks I appreciate the information.~lucky2

[coppercoins]

One thing that has to be considered in this market is that most of the values are based on rarity. Something, when discovered, receives a number of rather high offers from people who want to be the first to own one with the chance they may have something very rare and worth much more in the future.

Sometimes it works the other way. Once a number have been found, the market settles on them, usually at a point lower than the original high offers. If even more are found, the price goes down further. Simple economics, supply rises, demand drops.

In the same book you are using as a reference for a $900 price tag, the total ANACS population of this die was 13 pieces. As of one year ago, that number had climbed to 250 specimens graded, and I'm pretty sure at least another 50 have been certified within the past year. So you can see where naturally the supply is way up from five years ago, thus naturally a much lower value.

So why does its value remain as high as it is if there are so many slabbed? Still the supply has not outweighed the demand. There are probably around 5,000 collectors who would like to add one to their collections, but as of yet either haven't found one or haven't purchased one.

If more pieces are found and submitted, their value will continue to falter, and more of the demand will be met at lower budgets. If not one single piece is submitted past today, we can show a cap in the number "known." That may take prices back up a bit, but I would think $200-$300 is where the cap would be for quite some time to come.

So you can see that, unlike the typical coin market, die variety prices don't always just go up. Many outside sources can affect their value. The general coin market has its certain influence, but the two markets work in separate ways. I hope this helps.

[coppercoins]

As an added bonus, the numbers on 1956D-1OM-002:

during the compilation of Brian Allen's book (1998) there had been 10 certified.

As of last year there had been 109 certified.

People are looking and are finding these monsters. Doesn't make them less collectible, just makes them more available.

[pennyhound]

Got this if it helps: ........................ (taken from my, Price Guide) ............. (E, in date = from E-Bay) .............. (just date = from Teletrade)

Date______Grade_______Variety_________Low_____Dt____High____Dt___ 1st Auctioned >>(Sold)>> Last Auctioned ____ Last 4 <<<< auction Date/s_______