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Coin Details

Origin/Country: UNITED STATES
Design Description: CENTS - LINCOLN, WHEAT REVERSE
Item Description: 1C 1947
Full Grade: NGC MS 67 RD
Owner: VUMC409

Owner Comments:

23 graded as of 4/15/2014.

21 graded at this level by NGC as of 12/17/12

As of 2/1//12, 19 at NGC.

Only 15 of these gems by NGC as of 3/6/09. Now I own one of them!!!!!! Numismedia value of $2440 on purchase date, nearly a full 40% more than it cost me to obtain ($1750). The mother of all coins for this set and a very welcome 8th addition to this eventual all MS67 set. This is definitely one that I hope never again sees an auction block!

This one had been on eBay for about a month and a half, varying the type of auction and the price. I have been staring at it this whole time, wanting, aching, yearning to buy this probable once-in-a-lifetime coin.

I wanted this coin so badly to go into my mom's 1947 Birth Year set. Except for one coin to be upgraded and the four yet to purchased, it is an all NGC MS67 set (one MS67 star designated dimes as well), nearly perfect in all ways, just like my mom before she passed in 1979 at the very young age of 32 (only by 17 days was she 32). I have been building this set since July 2007 and have not seen another 1947P cent in MS67, other than at auction and way out of my range.

When I saw the auction change the other day to a BIN with a Make an Offer, I reacted. I sent in my first offer and it was quickly rejected. I thought about this for a bit and convinced myself that this was very likely the only time in my life I would have an opportunity to own one of these magnificent coins in MS67. I raised my offer by $200 and submitted it again, keeping my fingers crossed. No immediate rejection this time. I thought to myself "Is this a good thing?" Turned out to be the right thing as I won the coin.

A truly monumental occurrence happened for me in my coin collecting that day. Not only did I fill a vacancy in my mom's set, but with another perfect MS67! And what a point getter for a Lincoln cent to boot. Moved me back up to the No. 2 spot for this set after having fallen down to No. 5. I will likely never be number one because of the monster dimes contained in the No. 1 set (since dropped from the list but replaced by an even better dime set). But I will have the pleasure of knowing I have built the best possible set I can afford when my all MS67 set is complete!

This one is for you MOM!

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