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Controversial 1959 D Lincoln Cent Mule (Coin World Article)

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Pillar of the Community
United States
7627 Posts
 Posted 05/21/2019  1:26 pm  Show Profile   Bookmark this reply Add westernsky to your friends list

Quote:
Considering all the other funny things that have been certified, I wonder why the hesitation with this item?


The liability of certifying this coin as a genuine mint product is too great if it is later proved to not be a genuine mint product.

There is an old saying: "When in doubt, don't!"
Bedrock of the Community
United States
17884 Posts
 Posted 05/21/2019  2:10 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
The dies do look like EDS dies, but I doubt there would be a fresh Wheat reverse available in 1959, unless they created a new one?

Maybe not, but there would be in December of 1958 when they would be starting to produce a stock of 1959 cnets for the coming year. The mint starts making dies for the coming year usually in late Nov or early Dec and they often strike a stockpile of new coins to have on hand when the year changes. Same way the 1993 Close AM rev cent dies got paired with 1992 obv dies. Both die types were on hand at the end of the year.
Pillar of the Community
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3327 Posts
 Posted 05/21/2019  6:07 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list
Apparently, this coin was certified as "genuine" by the U.S. Treasury. I didn't know they had authenticators on staff?

This isn't the first of these I've heard about but the first one I've actually seen. Hard to say how it may have happened...
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
Bedrock of the Community
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 Posted 05/21/2019  6:33 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
I think sky nails it - the financial risk of certifying it would be considerable.

My bet is that it was clandestinely made. Can't think of another possibility that makes any sense.
Pillar of the Community
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4692 Posts
 Posted 05/21/2019  6:46 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list
Perhaps it was a test strike with new 1959 dies and the memorial reverse was not available.

However, this video discusses a convict admitting to having counterfeited it.

https://www.youtube.com/watch?v=H8emJWwaWWo
Edited by jimbucks
05/21/2019 7:02 pm
Bedrock of the Community
United States
74732 Posts
 Posted 05/21/2019  7:19 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list
To be honest, I don't think it's real etheir.
Errers and Varietys.
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 Posted 05/21/2019  10:06 pm  Show Profile   Bookmark this reply Add westernsky to your friends list
The video mentions Mark Hoffman admitted to his daughter to counterfeiting this thing. Hoffman was good at counterfeiting coins, paper, Mormon memorabilia and murdering people. He fooled a lot of people with his forgeries. Would not surprise me at all if Hoffman really was the perp that made this coin.
Bedrock of the Community
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 Posted 05/21/2019  10:41 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Interesting, thanks for that.
Bedrock of the Community
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 Posted 05/21/2019  11:53 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list
Westernsky, thank you for that information! Very interesting.
Errers and Varietys.
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17884 Posts
 Posted 05/22/2019  2:04 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
According to Fred Weinberg, who has seen the coin and considers it a fake, he has seen the Treasury report, both of them, that said it was genuine and they were written by agents with experience in paper money authentication who had no experience with coin authentication.
Edited by Conder101
05/22/2019 2:04 pm
Bedrock of the Community
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74732 Posts
 Posted 05/22/2019  3:57 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list
Conder101, that's weird. So the agents had no experience with coin authentication.
Errers and Varietys.
Bedrock of the Community
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 Posted 05/23/2019  12:10 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
According to Fred, yes.
Pillar of the Community
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751 Posts
 Posted 05/24/2019  3:04 pm  Show Profile   Bookmark this reply Add Panther to your friends list
Westernsky;

Why would someone spend that much effort, on an item that would have a very small group of interested people ?

Dan
Pillar of the Community
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4692 Posts
 Posted 05/24/2019  3:30 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list
So if Hoffman really did make dies to counterfeit these, and they exist, could he strike more of them and sell them as fantasy coins, like David Carr?

Pillar of the Community
United States
7627 Posts
 Posted 05/24/2019  5:21 pm  Show Profile   Bookmark this reply Add westernsky to your friends list
Hofmann was kinda of a genius in a sick way. He did things to further his agenda and increase his standing within the collectibles communities....especially the LDS Church community. Coins and paper money forgeries were mostly a side business to him to help pay the bills.

I'm pretty sure I bought one of his paper creations about 25 years ago at a coin show in Utah. It was a large size $1 bill that had been written on to signify that it was part of a soldier's first payment for service. The more I looked at it and read it .... It was actually too good to be true. I eventually sold it on ebay with full disclosure about its suspicious origins.

As far as Hofmann striking more coins? I don't think that's gonna happen as he his locked up in the Utah prison system and isn't going to be released any time soon. More than likely, he will die in prison.

By all rights he should have been executed for the murders he committed.
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