Editor's note: This is one of three posts covering the results of
sales at the Houston Money Show between Dec. 4 and 7.
Several Lincoln cents brought strong prices at Heritage's Houston Money
A 1916-D Lincoln cent in PCGS MS-66 red sold for $19,975. Neither Professional Coin Grading
Service nor Numismatic Guaranty Corp. has graded one MS-67
red or finer, placing pressure on the 18 MS-66 red examples that PCGS
and NGC have recorded on their population reports. For reference, the
same coin sold for $11,750 at a June 5 Heritage sale while a different
example in the same grade brought $17,625, at the same June 5 Heritage auction.
Another condition rarity brought $23,500: a 1924-S Lincoln cent
graded MS-65 red by PCGS with none finer. Despite the hearty mintage
of 11.6 million pieces, it is rare in high grades, as it seems that
few examples were saved by collectors at the time. Heritage notes, “It
is likely that the 1924-S was not released into circulation until
1925, which might have caused collectors to miss it when they updated
their collections in 1924.” PCGS has graded just nine in this grade
with none finer.
A 1922-D Lincoln, Missing D, Strong Reverse, Die Pair 2 cent graded
MS-63 brown by PCGS sold for $16,450. The Mint mark is missing due to
either heavy die polishing or from a grease-filled die and the variety
is popular with collectors due to the lack of a Philadelphia Mint 1922
Lincoln cent (which would have lacked a Mint mark).
Heritage adds, “This Select Brown example displays the diagnostics
of Die Pair 2: the second 2 in the date is sharper than the first, all
letters in TRUST are clearly delineated, and the reverse is very
sharp, especially the lines and grains of the wheat stalks.” PCGS has
graded just 10 as MS-63 brown with three finer in brown.
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