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1969-S Lincoln Penny - Floating Roof And Weak FG - Opinions Please

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dodoal's Avatar
Canada
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 Posted Yesterday   11:31 am  Show Profile   Bookmark this reply Add dodoal to your friends list Get a Link to this Reply
Thank you everyone
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FsdWarp10's Avatar
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 Posted Yesterday   12:09 pm  Show Profile   Bookmark this reply Add FsdWarp10 to your friends list Get a Link to this Reply

Quote:
I agree JBuck and 100% with HGK3. (Floating Roofs/No FG are not my cup of tea either.) It is a variety though.

I also agree with jbuck that it is not a variety and would be a good idea to keep one as an example for reference -
Quote:
I agree, but you can label and keep it as an example.


Petespockets55,
I always am trying to learn but I have some questions.
Are you saying that every different year and mm that has this over die polishing are each individually separate varieties? as far as I know these occur from the mid 60s to early 70s. Maybe outside of that range as well.

If the answer is yes, where can I find listings of these many variety listings so that I may identify them properly? I would assume that every die pair that has this issue would be a separate variety?


Quote:
Varieties deviate from a "normal" coin made by the mint and have multiple examples of the same die pair.


By this broad definition would every cent that has a die chip, gouge, or crack also be considered a separate variety? That just does not seem right. I recently sent in a 1969S LMC that I thought might be a new DDR variety to an attributor that you all know. I was told it was just a die gouge and not a variety. Please help me understand your position more clearly.

Edited by FsdWarp10
Yesterday 7:43 pm
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Petespockets55's Avatar
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5915 Posts
 Posted Today  4H 52M ago  Show Profile   Bookmark this reply Add Petespockets55 to your friends list Get a Link to this Reply

Quote:
... Are you saying that every different year and mm that has this over die polishing are each individually separate varieties?

Thank you for your questions.
Bottom line is Yes IMHO, but ... some are desirable and some are not. The variation or "defect" to the original design is repeated over and over again. (As opposed to numismatic "errors" which will generally be different from each other, even if produced in quick succession. ie: double struck, off center, lamination, planchet flaw, clip, metalic inclusion, etc)

Desirability creates demand, which creates the additional value. The "Law" of supply and demand is affected by desirability.
This additional value is usually what drives the incentive to create a master list or site. Sometimes, an individual will be so devoted to an area that they drive the interest. As an example, I'm not sure if Cohens book on "BIE" Varieties in 1969 drove the interest in the 60's or if the book was a product of the interest in "BIE"s.

Varieties "vary" from the master dies sort of like modern dog breeds vary from the "original" 4 legged master variety (basal breeds). Some are valuable monetarily (pick one) and some are not ("Heinze 57 variety" comes to mind).

I hope this helps explain my thought process.
I only got back into collecting in 2013 and I'm grateful for the internet making it possible to interact, learn, and correct my misunderstandings. So, if anyone has a different opinion or understanding I hope you will share it with me.
PP55

Edit:

Quote:
... I was told it was just a die gouge and not a variety.

I can only guess they meant it wasn't that type of variety.
They probably meant it wasn't a DDR variety, since that was what they were asked them to determine.
Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
Edited by Petespockets55
Today 4H 22M ago
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HGK3's Avatar
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 Posted Today  37M ago  Show Profile   Bookmark this reply Add HGK3 to your friends list Get a Link to this Reply

Quote:
If the answer is yes, where can I find listings of these many variety listings so that I may identify them properly? I would assume that every die pair that has this issue would be a separate variety?


First, even if such a list were to exist it would not be determinative. In other words, just because someone says so doesn't make it so.

All the major variety sites have disagreements between themselves for that very reason. There are RPMs and doubled dies on Wexler that are not on VV for instance because of disputes on the status of the variety. Does that make one site right and the other wrong? In fact, if you stick around the hobby long enough you'll see examples of disagreements of this type getting resolved by consensus.

Second, the three legged and the two feather Buffalo nickel varieties were created by the exact same process as all the floating roof varieties so you cannot logically exclude one from the definition and include the others.

I agree with PP that this makes every over polished die technically meet the definition of a variety but it doesn't impart desirability to the variety, and variety and desirability are what determine value, not just the definition applied.

If someone wanted to create such a list (and it wouldn't surprise me if there was a collector willing to try) it would be an interesting documentation process, but it wouldn't necessarily do anything to change the desirability of those varieties.

The hobby operates not by fiat but by consensus generally, which is what makes it so attractive. The apparent removal of the "FS" designation from the 1969 D variety is an an expression of the consensus of the hobby as to it's desirability and value and not to the applicability of the definition.


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