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Replies: 13 / Views: 1,611 |
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Pillar of the Community
United States
6116 Posts |
This isn't an upgrade for me but it was at auction starting at $30 on ebay the other day. I figured I'd buy it for that and sure enough no one else bid and so I picked it up pretty cheap for one of these in this condition Stage-A. The slab is fully and correctly labeled 1956-D/D 1C FS-508 RPM-8 MS 64 RED but the title of the ebay listing had it as FS-501 so maybe folks were confused about it. 1956 D & D Lincoln Wheat cent RPM-008, FS-508 Stage-A  
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Bedrock of the Community
United States
74493 Posts |
Very nice purchase tropicalbats!
Errers and Varietys.
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Pillar of the Community
United States
5239 Posts |
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Pillar of the Community
United States
5887 Posts |
Wow that's a very nice example! Stage A is quite nice for this variety. Great pickup!
-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Pillar of the Community
 United States
8938 Posts |
Great pickup! A steller RPM in awesome shape!
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Pillar of the Community
United States
2156 Posts |
Nice one! This is my favorite RPM to date.
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Bedrock of the Community
United States
94367 Posts |
Another nice one, congrats!
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Pillar of the Community
United States
1695 Posts |
I was confused until I looked well below the mintmark. Nice coin!
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Pillar of the Community
 United States
5780 Posts |
Love that RPM. Congrats on it being slabbed and properly labeled as well.
Words of encouragement are one of the major food groups. We need to consume them regularly to thrive and grow.
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Pillar of the Community
United States
2624 Posts |
More than one way to search for varieties. I roll hunt because it it a good time passer and not big on buying. It is a really nice RPM and an exceptional example of it. Did you buy this early in the week?
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Pillar of the Community
 United States
6116 Posts |
Auction closed on July 26 at 3:46pm and it was delivered on the 29th. Speedy, eh?
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Pillar of the Community
United States
2624 Posts |
Seller must have dashed to the post office as soon as your address popped up. The confusion over the title must have been a factor in the lack of bidding.
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Pillar of the Community
 United States
6116 Posts |
I'm pretty sure that title error cost the seller. Anyone looking for RPM-001 is looking for an obvious bomber D/D, and when they looked at the photos of this coin they didn't see it and moved on. Plus anyone actually looking for this one wouldn't have found it in a search. From my end I took a chance that the title was right but the photo was wrong and I would be getting a coin I hadn't seen. But for that price even an RPM-001 at that grade would have been a deal so I wasn't too worried.
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Pillar of the Community
United States
1781 Posts |
Nice early die state. I picked on up at the end of November in NGC-64 (but a 64+ in my mind) at the Michigan State Numismatic Society Convention. I think mine is on a mid-die-state. I've sold many of these over the years (upwards of maybe 50 of them) and I've always thought this coin was too cheap. In the 1980s is was a solid $300 coin for any die state (they are all pretty nice)but the price on this variety plumited as low as $50 when Lindy Stone found nearly 100 of them in a bag, got them all certified and then starting selling them at $300 but when sales slowed he dropped the price to $200 and then $100. I sold the last of what he had to G. J. Lawson who sold them to me for $75 each. In spite of the fact they hit a low of about $50 at one point when the supply dried up they started moving back upward. Most I got from Lawson I sold for around $225.00 to $275 depending on grade. But the coin really has not yet recovered and it's been a good 25+ years since Stone destroyed the market for this variety. Had he just sold a few a year at $300 each he'd have been way ahead. He'd have gotten in the same dollars for fewer coins and probably still have some today. I've seen this also happen to the 1971 DDO#1 1c (that John Wells managed to destroy the market for (the coin falling from a lofty $5000 in MS65 to less than $1000 in less than a year after Wells sold nearly 100 of them on Heritage Auctions, Teletrade and other venues placing as many of two a week in these auctions. Same is true of the 1964 1c DDR#1 - was a solid $300 coin way back in the early 1980s but after CherryPickers Guide listed it one reader found a nice batch of them in Late Die State. Most of those sold for around $25 each as the market was flooded with them. I think they are doing much better now especially for nice sharp Early-Mid to Early die states now that folks realize that the $25 versions were really late die state and nothing compared to a sharp strike. Still, even these dragged the prices of the earlier die states way down. Today I sell them from between $75 to $100 for nice sharp EMDS coins.
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Replies: 13 / Views: 1,611 |
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