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Over 40k For A Penny?

 
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Author Previous TopicReplies: 14 / Views: 295Next Topic  
Valued Member
United States
362 Posts
 Posted 01/14/2021  12:33 am Show Profile   Bookmark this topic Add 4504 to your friends list Get a Link to this Message
hi folks

I am a firm believer in that a person should be able to spend their money in whatever way they choose. This penny did sell for over $40k. I am, myself not that kind of collector, but each to his own.

My question is this: I looked at this penny and did not see the double die or whatever it was that makes it so special. To me, it just looked like another beat-up junk penny.

Can any of you more experienced members tell me specifically what I should be looking for or at on this coin, because I just cannot see it. I am not knocking the coin or the buyer, just want to see what defect or feature or whatever that makes it so special.

https://www.greatcollections.com/kb...-t400-4.html

thanks all... mike
Pillar of the Community
United States
2671 Posts
 Posted 01/14/2021  12:40 am  Show Profile   Check SilverCents's eBay Listings Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
The 1969-S DDO-001 cent is a very VERY expensive doubled die, as the spread is one of the most extreme on a Lincoln cent.

It being at MS63+ also would have a massive impact.

I might be mistaken but I think this is the most valuable doubled die on a Lincoln cent in existence. This coin is worth around $60,000 in that grade. If it was even higher, then it could be worth around $125,000.
"Life is like a box of chocolates, you never know what you're gonna get." - Forrest Gump
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Enjoy the simplicities of life.
Pillar of the Community
United States
3128 Posts
 Posted 01/14/2021  12:42 am  Show Profile   Check Tanman2001's eBay Listings Bookmark this reply Add Tanman2001 to your friends list Get a Link to this Reply
http://www.varietyvista.com/01b%20L...9SDDO001.htm

One of the strongest, rarest, and most popular doubled dies on the most popular denomination for varieties.

If this one isn't interesting to you, then varieties and errors probably aren't your thing.
Valued Member
United States
362 Posts
 Posted 01/14/2021  01:56 am  Show Profile   Bookmark this reply Add 4504 to your friends list Get a Link to this Reply
Ok Tanman, thanks for the link. Makes it easier to see it. Again, I am not knocking anybody or anything, I was just curious. If I was that kind of collector and that penny was so special, I can certainly see its value. I profess that I am ignorant on varieties, but it helps a little. Thanks again... mike
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United States
8070 Posts
 Posted 01/14/2021  02:26 am  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
As previously stated, the 1969-S FS-101 is the king of Memorial cent doubled dies, and the rarest major doubled die for the Lincoln Cent series. Even the most beaten examples often reach 5 figures.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
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United States
30866 Posts
 Posted 01/14/2021  06:46 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
Sold for $48,874.50 on DEC-13-2020.

To see the coin...
https://www.PCGS.com/cert/40142066
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Bedrock of the Community
United States
20016 Posts
 Posted 01/14/2021  08:04 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Now imagine if someone found an entire roll of those.
just carl
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United States
53577 Posts
 Posted 01/14/2021  08:54 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Almost $49K? Glad I'm not into Memorials!
Valued Member
Korea, Republic Of
387 Posts
 Posted 01/14/2021  09:01 am  Show Profile   Bookmark this reply Add Lembafc to your friends list Get a Link to this Reply
There are a decent amount of folks with deeeeeeep pockets that collect super rarities. A coin like this is also seen as an investment as it will continue to grown in value. She sure is a beauty.
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94325 Posts
Valued Member
Australia
110 Posts
 Posted 01/14/2021  3:31 pm  Show Profile   Bookmark this reply Add petef7365 to your friends list Get a Link to this Reply

Quote:
I guess this pretty penny costs a pretty penny.




That 69 penny is oozing charisma. Gorgeous
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Canada
3944 Posts
 Posted 01/14/2021  3:36 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
If someone found an entire roll, the price would plummet.
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United States
2671 Posts
 Posted 01/14/2021  3:50 pm  Show Profile   Check SilverCents's eBay Listings Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply

Quote:
If someone found an entire roll, the price would plummet.


True words oriole. It's all about supply and demand.
"Life is like a box of chocolates, you never know what you're gonna get." - Forrest Gump
The light shall never be engulfed by the flames of darkness. Even though night may devour, brightness shines, never defeated.
Enjoy the simplicities of life.
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United States
1751 Posts
 Posted 01/14/2021  9:28 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
Truly is a remarkable doubled die.


Quote:
A coin like this is also seen as an investment as it will continue to grown in value. She sure is a beauty.


Unless those spots turn into corrosion.... reverse already looks a bit suspect if you ask me.
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United States
94325 Posts
 Posted 01/15/2021  10:46 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Unless those spots turn into corrosion.... reverse already looks a bit suspect if you ask me.
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