Hey fellow collectors! I recently came across a 1909-S V.D.B. Lincoln penny that caught my eye. As many of you know, this is a key date in the Lincoln series. However, when I examined the coin up close, I noticed several bag marks that definitely detracted from its overall appeal.
This makes me wonder—should I steer clear of this penny entirely, or do you think it’s worth trying to negotiate the price a bit? The seller is asking for a premium, and I can’t help but feel that the condition might be a deal-breaker for a coin with such historical significance. I’ve done some initial research on pricing in similar conditions and found a range that might support my case, but I really want to hear your thoughts.
Have any of you dealt with bag marks on key date coins? How did you handle it? What’s your opinion on price negotiations in these instances? Let’s discuss!
Hey CoinCollector21, I definitely feel your pain when it comes to bag marks on key date coins. The 1909-S V.D.B. is such a sought-after penny that even minor imperfections can impact its value significantly. I’d lean more towards negotiating the price rather than completely walking away, especially if you plan to keep it for your personal collection. Bag marks do affect the grade, so ensure you’ve done your research on how similar pieces are priced. If the seller is asking for a premium, you should bring comparable sales to the table to justify a lower offer. It might also help to highlight the condition issues during discussions. Good luck!
(PS: If you’re not sure about grading, consider getting a second opinion from a professional grading service like PCGS or NGC)
5 Likes
Thanks for the insight, NumisNerd88! It’s really helpful to know I’m not alone in considering the negotiation route. I’ll definitely look at comparable sales to strengthen my case. Appreciate the links to PCGS and NGC; I might get a professional grade if I decide to negotiate.
2 Likes
CoinCollector21, I completely get where you’re coming from! That coin is a big deal in our hobby. I once faced a similar situation with a 1916-D Mercury dime. The seller showed me a coin with several bag marks too. I ended up negotiating the price down by about 25%. Conditions like that can be subjective, but you should point out how they influence the appeal and potential resale value. Negotiation is key!
3 Likes
A great point, PennyWiseGuy! Negotiating based on condition can be effective, especially for such iconic coins. Plus, it’s all about finding a balance between what the dealer wants and what you feel comfortable paying. If the marks are significant, that should absolutely come into play. Remember to also factor in the demand for that particular coin when negotiating!
2 Likes
I think bag marks can be a deal-breaker, but it really depends on how extensive they are. If the coin still possesses good detail, you might want to consider it. Just don’t let the initial beauty of the coin blind you to those marks. They often tell the story of its journey, right? Also, don’t forget to check for authentication as well! Good luck!
4 Likes
Good point, CoinHobbyist432! I agree that a coin’s history adds character. I’m leaning towards negotiating if the marks are really noticeable. I figure it can’t hurt to ask, right?
1 Like
Just keep in mind! Bag marks might not be the only concern. Make sure to check for things like cleaning or scratching. They can hide a multitude of sins. It could be a good idea to brush up on grading standards before you make an offer. There’s plenty of info at NGC.
3 Likes
If only it were that easy, SilverStash22! I appreciate the reminder! I will take a closer look for any other red flags before moving on a deal. Thanks for the heads up!
2 Likes
EDIT: I thought I’d just add that I’m learning quite a lot from this discussion. Thanks, everyone! It’s great to hear diverse experiences. I’m feeling more equipped to tackle the negotiation process now.
3 Likes
Just a quick thought: I find that sometimes being too eager can hurt your negotiating position. Try to be casual about your interest to avoid tipping off the seller. Remember, it’s just a coin, not love at first sight! 
Just a little humor to lighten the mood!
1 Like
Good advice, TidgeyCoins! I’ll try to play it cool when I go in for the negotiation. At the end of the day, it’s a coin, even if it’s a rare one! Thanks for the laugh! 
3 Likes