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2009 Lincoln Silver Dollars Commanding Premiums
April 20, 2009 by Silver Coins Today · 5 Comments
Sales of the 2009 Lincoln Commemorative Silver Dollars flew off US Mint store shelves so fast that their sell outs were not unexpected.
The uncirculated option sold out on March 24 and the proof went on March 27. In total, 450,000 coins were purchased (125k in uncirculated, 325k in proof) in a few shorts weeks — the coins went on sale on the 200th anniversary of Abraham Lincoln’s birth, which was February 12.
With the US Mint inventory sold, collector’s eyes had to turn to the secondary market. And based on current eBay auctions, the coins are commanding a premium in top grades, with bidders exceptionally active.
Here are four current eBay auction links for 69/70 graded Lincolns:
| Top Proof Grades | Top Uncirculated Grades |
| 2009 Lincoln Silver Proof PF 70 | 2009 Lincoln Silver Uncirculated MS 70 |
| 2009 Lincoln Silver Proof PF 69 | 2009 Lincoln Silver Uncirculated MS 69 |
While top graded coins will always sell for more, consider that the Mint first offer the proof coin for $37.95 and the uncirculated for $31.95. Buyers who were luckily enough to receive a MS 70 or PF 70 coin from the Mint are indeed smiling.
For coin collectors unwilling to jump in at the current prices in the secondary market, there is at least one more shot to buy proof Lincoln silver dollars directly from the Mint. Later this year the Mint will offer up to 50,000 in the 2009 Lincoln Coin and Chronicles Set, which contains a proof silver dollar and 95% copper proofs of each of the four 2009 Lincoln Pennies.
Collectors will have to act quickly when they are made available (a release date has not yet been set). With such a huge demand already being seen for commemorative Lincolns and only 50,000 sets available, there is a very good chance it will sellout on the very first day.
I think this article is incorrect, only minting 500k and so it has got to be the Uncirculated…the 5 coin set will include the four pennies and a MS …. Which will be worth more than the proof because there will only be 175k instead of 325k for the proof …Doug”
these are your numbers your nubmers from another article it leaves 50k MS to go
2009 Lincoln Silver Proof* 325,000 325,000 0 0.00%
2009 Lincoln Silver Uncirculated* 125,000 125,000 0 0.00%
Total 500,000
Hi Doug,
The US Mint has been quiet to date about the 5-coin set. Their biggest public announcement about it was back in a press release on Jan. 30 when they announced the Lincoln Silver Dollar release dates. The release said:
“A special set containing a proof silver dollar and proof versions of four 2009 Lincoln one-cent coins-each bearing a design representative of a different aspect of Lincoln’s life-is expected to be available in the spring. The special set will be limited to 50,000 units.”
In essence, public demand set the splits with more proofs flying out Mint doors. In the very end, it looks like there will be a 3-1 ratio (375k proof to 125k uncirculated).
I have renewed my childhood love of coin collecting. I was fortunate to purchase the Lincoln proof silver dollar. I am unaware of these grade 69 and 70 for these coins. The mint did not have such grades How does one find out the grade of the silver dollar. The coin is encased and I would hate to destroy the casing for the coin.
Thanks
David,
For a fee, some choose to send certain coins to a 3rd party grading service for grading and then encapsulation in slabs. The two most popular services are PCGS (http://www.pcgs.com/) and NGC (http://www.ngccoin.com/).
Here is a good article about the 70-point coin grading scale:
http://coins.about.com/od/coingrading/qt/coin_grading101.htm
I GOT MY SHIPPING CONFERMATION FROM THE US MINT THAT MY LINCOLN CHRONICLES SET HAS BEEN SENT OUT TODAY 10/20.. AND SHOULD BE HERE IN A WEEK OR SO.. SOO LOOKS LIKE I GOT IN OT IT JUST IN TIME………..3317XXX