That became a boon to numismatists. Now, an 09-SVDB is one of the key coins in a Lincoln cent collection. And, one in a very nice condition as seen at the show on Sunday is both rare and coveted by collectors.
Have you been watching the gold prices lately? Record highs occur almost daily. Per Kitco, the highest NY Close was October 13 at $1064 per ounce.
Now, 20 years ago, the high was $420 for the year. But, what about inflation? Today's $1064 would be roughly $614 in 1989 dollars. Between the $420 in 1989 and the $1064 in 2009, an ounce of gold increased 46% - adjusting for inflation. And, it continues to climb.
Can gold prices be predicted? Not really. One can look at historical data, events at that time to gain insights, but many variables impact the markets - silver, gold, stocks, etc.
Interesting times...and these times invoke feelings of insecurity.
Security doesn't exist even in the best of times and risks must be taken to live. The best you can do is lessen any dangers by your efforts and by your improvements.
Continue your education and efforts toward your collecting and investing in coins and bullion. We hope to see you at our next show on Sunday, November 15, 2009.
Of course, plenty of true numismatists visited the show as well.
For their pleasure, one dealer had very nice 09-S and 09-SVDB coins on display and for sale. These has original color and were in uncirculated condition.
Of course, the 09-S and 09-SVDB coins are 1909 cents, the debut year for the Lincoln penny. The initial release of the coin had the creator's initials (VDB for Victor David Brenner) on the back of the coin.
People were pleased with the new Lincoln cent but not pleased with the initials. The mint released another version without the VDB initials.
Jam packed! Elbow to elbow with lots of new faces in the crowd.
Welcome to all the new people and thank you for visiting. And, a big thank you to all the returning folks as well.
The day was nice during the show - mild temperatures and no pouring rain.
With the droughts over the last few years, we don't want to complain about the rain. On the other hand, with the heavy rains and the recent flooding, most of our dealers were either directly impacted by the high waters or know someone who was. Some had homes flooded, others had businesses flooded.
Lots of water, and on Sunday night, the rain poured again. The ground is just saturated.
But, back to the show...
A lot of the new people visiting the show were also new to buying coins. Some specifically hunted for silver and gold coins - investment grade for putting away in safety deposit boxes.
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Coin Show - Monthly Notes from October 2009