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Opinion: Once Working Dies Die, They Ought Not To Be Put Back To Work.

 
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 Posted 01/22/2021  09:43 am Show Profile   Bookmark this topic Add Kcm to your friends list Get a Link to this Message
For any who don't know, life at the Philadelphia Mint in 1955 is legendary. A Two Cent tax increase on a pack of cigarettes (a crucial commodity in that day) caused everyone in the tobacco food chain to hoard one cent coins to make change. For example, vending machines could handle nickels, dimes and quarters, but not pennies, so sellers had to put three pennies in each pack as change. Imagine how many pennies spent time sitting in cigarette machines alone; never mind cash registers and mom and pop store safes. Pennies disappeared from circulation. The mint struggled in panic to fill the shortage. All hands on deck! darn the torpedoes! Full speed ahead! 1955 coinage is rife with varieties and errors. Lots of fun for today's collectors.

There's a small amount of PMD on this unfortunate piece but it seems that die pair that struck it had gone far, far past what numismatists dub VLDS (Very Late Die State). Comments would be interesting.

Kevin





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 Posted 01/22/2021  09:53 am  Show Profile   Bookmark this reply Add That Coin Dude to your friends list Get a Link to this Reply
yeesh. put that die to rest
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 Posted 01/22/2021  10:25 am  Show Profile   Check BigSilver's eBay Listings Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
Interesting read about the cigarettes.
I would have thought that something else in addition to die wear is responsible for this. Grease? Late stage Die Cap?
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 Posted 01/22/2021  10:43 am  Show Profile   Bookmark this reply Add Kcm to your friends list Get a Link to this Reply
Interesting speculation @Big Silver. The 300KB image limit puts discussion at a slight disadvantage. I find the bust on the obverse to be almost equal in disgrace to the stalks on the reverse.
Edited by Kcm
01/22/2021 11:08 am
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 Posted 01/22/2021  11:23 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Yes, those '55 P cents were works of 'art'. I have a few dozen of the late die state '55 poor man's doubled die (PMDD)--complete with cracked skulls. Add to that several near PMDDs with die chips on the reverse. Would be interesting to see mint state '55 cents with all these issues. Anyone have some worth photographing?
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 Posted 01/22/2021  9:17 pm  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
I've never heard that before, but I buy it. I've seen some pretty sorry '55 Lincolns.

Strangely, it looks like Philly only minted 33 million in 1955, compared to nearly 72 million in 1954 and 421 million in 1956. Anyone know why that might be?
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