What do you think of ultra-high grade Lincoln cents?

[coindood]

I'm talking MS67 Red and above. Are they a good thing to buy and hang onto for a few years?

A little research into this shows that only 1 wheat cent has ever graded MS69 Red - a 1919, which PCGS values at $425,000!

That's an extreme example but MS67 Red and higher can be four or five figures for the earliest wheat years, and auctions can command these prices for people putting together Registry sets.

Even modern Zincolns can reach crazy prices.

Is there flip potential there?

[JerrySpringer]

A little research into this shows that only 1 wheat cent has ever graded MS69 Red - a 1919, which PCGS values at $425,000!

I know what I would do with a time machine now. Go back to early 1900's and find as many uncirculated pennies and 90% silver as I could and bring them back to the present.

[Recyclersteve]

Anyone who thinks $400k+ is a lot of money should absolutely NOT buy this coin. Someone who is a billionaire with a huge ego can get away with it, but I’m quite certain even Warren Buffett, who could EASILY AFFORD the coin, wouldn’t be the slightest bit interested.

Just insurance alone on the coin could cost $40-80k PER YEAR.

There are lots of places in the U.S. where you could get a decent home in a pleasant suburb for about as much as this single 1919 cent.

Three more risks-
1) What if interest in the hobby declines to the point that PCGS goes out of business?
2) What if PCGS got another 2-3 of the same coin submitted in the same condition?
3) What happens when high quality counterfeits become even more prevalent?

Just because someone owns something which is perhaps unique, that doesn’t necessarily mean it is worth a lot.

All I can say is that I sure hope you aren’t enamored with Bitcoin. I am currently betting against crypto by shorting an overvalued but currently very hot stock. I’d love to have a way to bet against this Lincoln cent too!