Finishing a Lincoln cent set with top quality pieces got a little more expensive after a March 4 deal saw a 1909 VDB cent graded Proof-68 RB with star by Numismatic Guaranty Corp. and CAC sticker sell for over $200,000.
Though the exact price was not disclosed, Laura Sperber of Legend Numismatics wrote in her blog:
“Yes, the coin we had displayed and always said was not for sale got sold. While we are not releasing any specific price, we will confirm the coin set a world record above $200,000.”
That makes it the most valuable regular issue Lincoln cent, she added.
Representing the buyer at the deal done at the Whitman Baltimore coin show was Brian Wagner, who operates a rare coin firm that bears his name in Milton, Wash.
“The new owner of this coin is the ‘McCullagh Collection,’” Wagner said.
“I represented the buyer of the coin and Legend Numismatics represented the seller,” Wagner explained.
Sperber called this collection the most spectacular Lincoln proof set that exists. “Congrats to both Brian and customer. They were persistent and were a dream to deal with.”
Sperber also noted that her customer for whom she sold the coin deeply regrets selling it. But if he misses it too much, he can remember it generated a profit that works out to a return of over 30 percent a year, she said, “and that should ease the pain.”
So much for collectors who thought it was the 1909-S VDB that is the key to the Lincoln set.