Dads Stuff Posted November 28, 2005 Report Share Posted November 28, 2005 I have been looking at cents, ebay and other reference material all dingin day. I'm trying to learn on my own before coming here with questions, but I have to tell you there are a couple of things I am really confused about. I was recently told that I should go to EBAY to validate the value of coins. First I checked the Red Book and notated that price in my spreadsheet. Then to EBAY and add that price to the spreadsheet. There are 158 coins all in the MS range that range from 1934 to 1988. My first question: A 1936 MS63 is valued in Red Book for $200. A coin with same grade sold on EBAY for $10. Did this guy just get a lucky break? Second question: A huge number of cents are advertised on EBAY as RED. Now I can tell when a cent has a red color if it is blatant. However when I look at the pics on EBAY, a lot of them are the same color as mine. So is this coin RED? Thank you for your patience. Linda Link to comment Share on other sites More sharing options...
Burks Posted November 28, 2005 Report Share Posted November 28, 2005 From the picture the coin looks red to me (and high grade as well). PCGS lists the 1937 in MS64 at $10. As for the 1936 for $200, I believe there was a double die obverse error that year. Link to comment Share on other sites More sharing options...
Dads Stuff Posted November 28, 2005 Author Report Share Posted November 28, 2005 From the picture the coin looks red to me (and high grade as well). PCGS lists the 1937 in MS64 at $10. As for the 1936 for $200, I believe there was a double die obverse error that year. The double die for 1936 is listed at $1,000 for an MS60 in the Red Book. Link to comment Share on other sites More sharing options...
Brett Posted November 28, 2005 Report Share Posted November 28, 2005 Was the coin on eBay graded? And if it was what company graded it?? If it was one of the make your own slab companies it wasn't probably worth the $10 someone paid. Link to comment Share on other sites More sharing options...
Guest Stujoe Posted November 28, 2005 Report Share Posted November 28, 2005 Unless Lincolns have just gone through the roof and I don't know about it, a 1936 Lincoln in MS63 is nowhere near a $200 coin even Red. I'd be sshocked if it was a $20 coin. It must be a misprint in the Red Book. That coin you posted does look red to me also. Link to comment Share on other sites More sharing options...
Dockwalliper Posted November 28, 2005 Report Share Posted November 28, 2005 I took a look in the 2004 Red book, 1936 cent MS 63......$2.50 MS 65......$5.00 Link to comment Share on other sites More sharing options...
Dads Stuff Posted November 29, 2005 Author Report Share Posted November 29, 2005 The 2005 Red Book shows the 1937 @ $75 for an MS63. Am I reading something incorrectly? Link to comment Share on other sites More sharing options...
Guest Stujoe Posted November 29, 2005 Report Share Posted November 29, 2005 I have no idea what is up with those numbers but I don't think they have any basis in reality unless they represent something I am not understanding. I wonder if those are Proof prices and they forgot to label the column right? Even the MS60 prices seem way out of whack. I am confused too. But I am not going to buy that a MS63 1936 is a 200 dollar coin or that a 1937 is a 75 dollar coin no matter what the Redbook says! It has to be some kind of error in the printing. Link to comment Share on other sites More sharing options...
LostDutchman Posted November 29, 2005 Report Share Posted November 29, 2005 i agree....that must be an error.....unc 36's are very common.. Link to comment Share on other sites More sharing options...
Sir Sisu Posted November 29, 2005 Report Share Posted November 29, 2005 Linda, I believe you quoted the wrong column. The quotes $200 for the 1936 and $75 for the 1937 are for PF-63. These are Proof strikes of the coin. Take the second column from the right and that shows MS-63. $8 and $7 repectively for MS-63. Not an expert with Lincolns, but from the photo I would say that your coin is red and a very clean sample at that (no distracting bag marks). Link to comment Share on other sites More sharing options...
ccg Posted November 29, 2005 Report Share Posted November 29, 2005 I took a quick look in my 2005 Red Book (looks same as in above pic), and it seems that the problem is that the columns were "shifted" (G and VG should be there) It looks like it should had been F .10 VF .15 EF .25 AU .50 MS60 1.50 MS63 3.00 MS65 8.00 PF 200. Link to comment Share on other sites More sharing options...
28Plain Posted November 29, 2005 Report Share Posted November 29, 2005 No, a column shift in the redbook denotes a drastic drop in values past a certain year, where the values for the lower grades are negligible. Where the grade range starts at F, for instance, the coin is a common one and the G and VG grades would be valued at face or bullion value. Link to comment Share on other sites More sharing options...
Dads Stuff Posted November 29, 2005 Author Report Share Posted November 29, 2005 For my purposes, I am going to assume there is a "clerical" error in the "shifting" (cut & paste from previous sections) and that the columns should read as ccq indicated instead for what is in the book (G4 in the beginning left and MS63 in the ending column). The prices I am seeing on EBAY make much more sense now. I think there is also another mistake on page 116. That one indicates that a 1938 cent is worth more in F12 condition than it is in EF40 and that an VF20 coin is worth more than an AU50 coin. Thank you help. Linda Link to comment Share on other sites More sharing options...
ccg Posted November 30, 2005 Report Share Posted November 30, 2005 I took a quick look in my 2005 Red Book (looks same as in above pic), and it seems that the problem is that the columns were "shifted" (G and VG should be there) It looks like it should had been F .10 VF .15 EF .25 AU .50 MS60 1.50 MS63 3.00 MS65 8.00 PF 200. Oops, that should be "shouldn't" Link to comment Share on other sites More sharing options...
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