Coins To Own Now For The Regular Coin Collector Part I
Topics: 1909 vdb, investing in coins, coins set to rise in value
I am often asked what coins should the common collector own. If you are like me, and most coin collectors, I cannot plunk down 7 figures for a coin. Heck, I cannot afford 4 figures for a coin.
Yet most of us have a desire to see our collection grow in value. While I get enjoyment in owning thousands of common wheat cents, Indian Head Cents, Walking Liberty Halves, etc. The harsh reality is that many of these coins will not appreciate in value at a significant rate, if at all.
So, what is a regular collector to do? First, I collect for the enjoyment of the hobby. While I will attempt to identify coins that most of us can afford that will likely increase in value, it should be noted, past history of coin price movements is NOT an indicator of future performance. Ideas put forth in this article are not a recommendation to buy or sell and you should conduct your own research.
With that disclaimer out of the way, what coins do I believe are poised to increase in value? In this article we will concentrate on the 1909 VDB cent. It was nearly 100 years ago that the now much maligned Lincoln Cent began its remarkable 100 year journey. The Lincoln cent has endured longer than any other coin. Incredibly, over 400 billion of them have been produced. That is well over 1000 pennies for each man, women and child in the US. It is the coin that most collectors are familiar with and that most collectors began their collections with.
While most of us will not be able to afford a 1909 S VDB, the 1909 S is within reach for many of us, but at $100 or more for a low grade 1909 S, it is still a chunk of change. The 1909 VDB is often overlooked in the series. Mostly because there were nearly 28 million made, there is ample supply for the collecting public, or is there?
Over the last few months, retail prices for common grade 1909 VDB Lincoln Cents, has been going up. In the December, 2006 issue of COINS magazine, a 1909 VDB in XF-40 condition had a reported value of $8.50. In the August, 2007 issue of COINS magazine, the same coin had a price of $11.00. In the latest issue, October, 2007, the value is now $14.00.
I believe there are two reasons for this. First, there are more and more Lincoln Cent collectors that are buying up the earlier dates. The second reason is that speculators are speculating that in 2009, when the US Mint will celebrate 100 years of the Lincoln Cent, demand for any 1909 Lincoln Penny will skyrocket. As you may know, in 2009, the Lincoln Cent is due for a major overall (LINK to changes). As dealers attempt to put together 100 year sets (1909 VDB and 2009 VDB), demand for the 1909 VDB cents, in any grade may push prices much higher.
With the retail price of a XF-40 1909 VDB now $14.00, this is a coin you probably can afford. If your budget is larger, you can look at higher grade coins such as BU RED coins. I will emphasize RED coins here as red/brown or just brown BU coins will likely not be as highly desired. The reason I think the RED ones will be hard to come by and increase in value is the same as stated before. Dealers will want to pair up a 1909 RED coin with a 2009 RED coin. A 2009 RED with a 2009 brown just will not cut it. Many dealers are offering RAW 1909 VDB RED coins at well below $100. Be sure to check with the dealer though as you do not want a scratched up coin.
If you want to avoid this problem, you can always go after the certified version of the 1909 VDB. Certified 1909 VDB coins are available in many grades. Like the raw coins, I believe the value of these will go up as well. If you want to stay in the “regular collector” space though, you can consider buying rolls of 1909 VDB cents. Be prepared to pay several hundred dollars for a roll of these coins. It will cost much more for a higher grade roll.
The year 2009 will be an exciting year for the Lincoln Cent. The lingering question is, will this be the last year of the Lincoln Cent, or event the last year of the cent all together? That remains to be seen.
Keith Scott has been a collector for over 30 years and owns a small internet-based coin store at www.mountainviewcoins.com and coin article website at www.coin-articles.com
Visit his website for a history of US coins, metal market updates and news about your favorite coins.
Previous Articles Highlighter:
Volunteer In Latin America- Learning Spanish While Volunteering (1)
Volunteering in Latin America includes the following types of work: Conservation volunteerism: This is of prime importance especially because a large part of the Amazon rain forest has disappeared and with it has disappeared many habitats.
Understanding Labrador Retrievers: Three Things You Can Always Count On (2)
Labs Are Natural Born Hunters: Unlike most other hunting dog breeds, Labs do not just wait for its human hunting companion to command them to retrieve fallen birds. These dogs have to be so attentive that they can mark the fallen foul themselves.
House Attracts Car Fanatics (3)
The unusual museum was started by Nancy and her late husband Harold LeMay after he collected an astonishing collection of nearly 3,500 vehicles. Car fanatics can see anything from a Tucker which is only one of 50 to have been made, to a 1903 Buckmobile.
Developing Photos Using A Computer System (4)
Topics: Snapfish deals, CircuitCity discounts, Abt Electronics coupon codes There used to be a lengthy process that had to be followed when people wanted to develop photos that they had taken on vacation.
Preparing A Checklist Of Camping Equipment (5)
9. Some campers may prepare food by cooking on a campfire, sometimes using such equipment as a Dutch oven. 10. Much of the remaining needed camping equipment is commonly available in the home, like dishes, pots and pans.
Lifting Issue With Trucks And Cars (6)
The kits may not come cheap since the manufacturing of these lifts may cause a lot of work. Coil Suspension kits also come as weld on system so it is not that hard to install it.
Pet Food Recall: Knowledge Is Power When It Comes To Pet Food (7)
Jane Saeman loves dogs and strives to keep other dog lovers informed. A whole world awaits other dog lovers. Find out how cute the dog in your life is at www.PicturesofmyDogs.com
Luxated Patella: Caring For Your Dog During And After Treatment (8)
All dogs should be tested because a slipped kneecap can affect dogs of all breeds and sizes. However, if you own a small or a toy dog breed, you should have him tested for luxated patella as soon as possible.
GPS Is The Perfect Traveling Companion (9)
GPS is rapidly becoming an integral component of the emerging Global Information Infrastructure, with applications ranging from mapping and surveying to international air traffic management and global change research. The growing demand from military, civil, commercial, and scientific users has generated a U.S.
Disaster Preparation: Is Your Dog Safe If The Next Katrina Hits Your Town? (10)
As pet owners, we have the obligation to know what to do in case a disaster strikes, which can occur at a moment's notice. Whether they are natural disasters such as fires, storms and floods, or man-made disasters such as terrorist attacks, the best way to beat it and come out it safe is through proper planning.
Newer Articles Highlighter:
Baggage Used For Air Travel (1)
Some families combine larger items into one large piece of luggage and will choose to carry some equipment onboard the aircraft at every stop. Business travelers consider the baggage that they carry while traveling by air very carefully.
Volunteering In Nepal, A Unique Asian Destination (2)
The higher regions closer to the Everest base camp and other base camps and glaciers have also been negatively affected by such rampant growth in tourism. Volunteering in Nepal to spread awareness on the environmental issues is gathering momentum.
Luggage For Travel Is Durable And Decorative (3)
The durability of all luggages is an important consideration for travelers because it must undergo a considerable amount of rough handling before it is placed in the aircraft cargo storage area.
Student Travel Impacts Student Achievement (4)
For example, I always scheduled a dinner theater production when our school visited Washington, D.C. The experience was often the initial exposure to a live production and a meal of this nature.
Making New Friends While Traveling By Air (5)
Some of these friendship encounters might be very brief but very significant too. An attentive traveler can pick up quite a bit of useful information just by listening to conversations that two strangers have that might last only a moment or two.
N C A A Influence On Basketball (6)
Many collegiate basketball players are encouraged to get active in charity work and many have joined and excelled in their fundraising efforts that benefit many good causes. The positive feedbacks by many that live in these communities throughout the United States have been very positive and encouraging and NCAA basketball players do what they can to help out.
Go Ahead With Exhaust Upgrades (7)
The long header is effective and commonly used in long distance racing or driving. This type of header has a longer design and makes the exhaust air travel much further to the catalytic converter.
Elliptical Machines - What You Must Know About Elliptical Trainers Before You Buy (8)
There are many benefits that can be enjoyed by using an elliptical machine. Elliptical machines will continue to develop and provide an optimum workout for its users. The best elliptical machines offer many advantages over other forms of exercise and other exercise equipment.
How To Fundraise For Your Student Trip (9)
We are staffed by educators who understand the needs of teachers. We've been creating unique and educational student travel experiences since 1987. We provide travel arrangements while empowering teachers to create change by expanding the classroom to the world.
Finding The Best Golf Training Aids (10)
2. They have a hook, poor grip or sloppy swing. 3. What are they getting the training for? Meaning do they want to become professionals or not?
Permalink to Coins To Own Now For The Regular Coin Collector Part I