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$50,000 For A 1959-D Lincoln Cent "Mule"

 
 
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United States
1411 Posts
 Posted 06/09/2019  06:57 am Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
Numismatic News - The 1959-D Lincoln cent should have the Lincoln Memorial reverse, as 1959 was the year the United States Mint retired the Wheat reverse. However, as many already know a 1959-D with the Wheat reverse has been discovered and has gone to the auction block a few times.

This 1959-D Lincoln Cent "mule" bears the 1959-D obverse paired with the 1958 Wheat reverse.

The oddity being discussed here was purchased by Leon Baller, a retired police offer, in 1986. Baller discovered the oddity and sent the coin to the U.S. Treasury in 1987 for authentication and received back a letter signed by Richard M. McDrew, a special agent for the Department of Treasury, which stated, "Enclosed is your United States 1 coin, dated 1959-D, with wheat reverse. This coin was microscopically examined by our Forensic Services Division in Washington, D.C. and it is their opinion the coin is genuine."



Read the entire article
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Australia
15410 Posts
 Posted 06/09/2019  07:44 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Are these scarcer than the 1913 Liberty Head Nickel?
The value implication of such a question should be obvious.

One report on Google that I have read indicates that only one example exists.
A Google search that I did reveals that there is still some doubt about it's authenticity, despite professional assessments declaring it to be genuine.

I guess that several attempts have been made to produce a 'one off' very high quality fake. That suggests to me that it is either a fake, or an illegal mint sport, made on official minting machinery. If an illegal mint sport, then the U.S. Mint should have reclaimed the coin,
but they didn't. - Why? Is there any record to suggest that it may have been made by the U.S. Mint?

The Chinese would never make a single fake copy only. They like to make lots of copies.
One method would be to make separate obverse and reverse dies by the explosive impact method, from separate, genuine, well struck, high condition common coins.
Edited by sel_69l
06/09/2019 08:19 am
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United States
20482 Posts
 Posted 06/09/2019  11:06 am  Show Profile   Check Errers and Varietys's eBay Listings Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
I still have my doubts about this coin being legitimate. I think it's a well made fake.
More information about Die Deterioration? http://goccf.com/t/317950
Retired U.S. Mint Coin Die Set information. http://goccf.com/t/302961
1988 P LMC RDV-006, 1998 P LMC Wide AM, and 2000 P LMC Wide AM. http://goccf.com/t/327834 http://goccf.com/t/294303 http://goccf.com/t/312900
1973 D Lincoln Memorial cent With Recurring Die Subsidence Error Information. http://goccf.com/t/304624
Machine Doubling tutorial. http://goccf.com/t/332421
Die states progression on coins. Scroll down, so you can see the different die state progressions. http://goccf.com/t/325638
Die Deterioration Doubling Tutorial. http://goccf.com/t/336470
Valued Member
United States
485 Posts
 Posted 06/09/2019  11:44 am  Show Profile   Bookmark this reply Add Panther to your friends list Get a Link to this Reply
Has anyone ever compared the die markers on this coin to known 1959 examples of LMC coins.
All it would take would be 1 single undisputed match of a die marker to prove the coin indeed did come from the mint. Either compare Obverse or Reverse for matches.


Dan
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United States
3235 Posts
 Posted 06/09/2019  12:00 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
If one reads https://www.deseretnews.com/article...e-penny.html

Many would consider this case closed.
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United States
5927 Posts
 Posted 06/09/2019  2:04 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
If one reads https://www.deseretnews.com/article...e-penny.html

Many would consider this case closed.


While I don't know if the 1959 wheat is real or not (and it does not matter to me), this article concerning Mark Hoffman claiming he made the coin does not provide much useful info.

The article says Hoffman is a criminal and a known liar. The bulk of the article tries to use Hoffman's ability to make expert-fooling forged documents be evidence towards him making this coin (two different world's).

The only faked coins Hoffman made for sure that are mentioned are simplistc:

Quote:
When he was still in grade school he sold a friend a nickel with a buffalo on both the front and back (when the friend got it home and took it out of the plastic, it turned out to have been two nickels glued together)


and

Quote:
Later, as a teenager, he sold at least one coin whose mint mark he had altered...


Considering these two attempts were easily discovered, Hoffman's cited forged coins are a far cry from the alleged '59 Wheat cent that was called genuine after:

Quote:
...investigated last spring by the Counterfeit Division of the U.S. Secret Service, which declared the coin authentic. The testing included examination under a 200-power optical scanning electron micrograph, according to Coin World magazine.


The article also implies the specific gravity of the coin, as well as its weight, is in line with a real cent.

A fake coin that can undergo professional testing like this plus be submitted to the TPGS and have them make a "no decision" instead of outright calling fake also seems to indicate the issue is not settled.

@Panther

Quote:
All it would take would be 1 single undisputed match of a die marker to prove the coin indeed did come from the mint. Either compare Obverse or Reverse for matches.

Good idea.

- When I value " being right" more than what IS right, I am then right...a fool.
- How much squash could a Sasquatch squash if a Sasquatch would squash squash?
- Real men play Fizzbin.
Edited by Earle42
06/09/2019 3:34 pm
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9139 Posts
 Posted 06/09/2019  3:12 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
To my knowledge no TPG has ever been willing to authenticate it. Many Lincoln cent experts do not consider it a legitimate cent minted at a U.S. Mint.
ANA #R3154474
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United States
5927 Posts
 Posted 06/09/2019  3:34 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I do know the existence of this one coin is the reason Daniel Carr once told me he was not going to make one as a fantasy coin issue.
- When I value " being right" more than what IS right, I am then right...a fool.
- How much squash could a Sasquatch squash if a Sasquatch would squash squash?
- Real men play Fizzbin.
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