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Manufactured Rarity

As you're all aware, the US Mint is giving us all an incentive to purchase their proof sets, and uncirculated set in the form of 3 different Lincoln Cents with a West Point Mint Mark.  One of the W Lincolns, standard proof, is already in the wild and will soon be slabbed by the tens of thousands, the other two, a reverse proof, and an uncirculated version.  This is a very smart marketing decision by the Mint, they have guaranteed themselves higher sales for each of the three sets and they have also created some needed excitement in the collecting world.


My problem, and I speak only for myself, is the idea that the mint is creating a scarce (rare) coin in an unnatural way.  When you look at the history of the Lincoln Cent, certain rarities stand out, the 09-S VDB, the 22 w/o visible mintmark, the 55 Double Die and a few others.  In each case, some unplanned set of circumstances led to the creation of the rarity, it did not occur due to some prior decision by the Mint.  Now obviously the W Cents are going to have a mintage of several million for each coin, but most collectors of the W Cent will want all three and, at least in the early stages, these Cents are going to be pricey.  How high they go and how far they eventually drop is something I cannot speculate about.  I do want to get one of them or my Lincoln Type Set, representing another mintmark, but I am going to be patient and wait for that, hopefully, large drop. 


So Mint, please do not start making this a habit, I don't want to see a series of W nickels next year, etc.

10 days ago

Ever since the 2009 Lincoln Bicentennial issues, the mint has been taking notice of the long (yawn) cent series and have begun "dressing it up" every few years with something new. The recent 2017-P mintmark cent is an example. As long as I don't end up paying big bucks for anything, I'm OK with it. I would not be surprised to someday see a complete one year-one shot, W mintmark proof set issued. 

10 days ago

I think it is time for Lincoln to be replaced, I love the older coins of this designs, but it has become bland.

10 days ago

Good point. I keep saying, there are too many Mint products. Do all of these products really spark interest in coins?

9 days ago

I think that, in this case, the interest will be sparked and it will be very strong for a few months.  After that, with millions of these cents in relatively perfect condition, they interest will fade and it will probably have a negative effect as many see their PF70 Cents go from 100 dollars to 15 Dollars.

9 days ago

I hope, I do want to own one of these examples, and raw coins are going for almost $20 with shipping. A proof 70 for $15 would be a nice addition to my collection and others.

9 days ago

I spoke to the mint. Who went a message to Washington. The packaging is terrible. They are sealed in a regular plastic bag. Mine was not a zip lock. It was then placed in and envelope. Of course it came out and was scratched by the packaging. I told them out it in the visor. Or seal the envelope. They are contacting Texas were the fulfilment plant is. Hopefully the next two coins will not have damage. They even said a piece of tape to seal the envelope. As long as it doesn't come out. Then you will be buying from a retailer. 

9 days ago
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