AN EMPIRICAL APPROACH TO BALLPARKING THE PROBABILITY THAT A
Lincoln Cent DOUBLED DIE VARIETY PRESUMPTIVELY ATTRIBUTED BY A COLLECTOR WILL PASS MUSTER AT PCGS OR NGC
For many reasons numismatic hobbyists submit their variety coins to a coin grading service for attribution and slabbing. However, anyone with variety coin submission experience knows the process is expensive and far from uniformly accurate.
To approximate the probability that a presumptive doubled die variety coin will be attributed accordingly when submitted to a
TPG service for attribution, I compared population count numbers from PCGS and NGC for two common date circulated grade
Lincoln Cent doubled die varieties: 1917-P
DDO FS-101 and 1934-P
DDO FS-101.
It is possible to draw potentially meaningful inferences from these comparisons for two reasons:
1. All coins submitted to PCGS or NGC for variety attribution must also be
submitted for grading.
2. Few numismatic hobbyists would submit a common date circulated Lincoln
cent for grading unless it was also being submitted for variety attribution.
Because variety attribution is more difficult in the low circulated grades due to the additive effects of die state and circulation wear, I limited comparisons to coins that received a grade of at least VF20. Because some coins in the highest circulated grades may have been submitted only for grading if they were thought to be uncirculated, I limited comparisons to coins that received a grade of no higher than XF45.
For all PCGS- or NGC-graded Lincoln cents grading VF20-XF45, it was assumed that the coins were originally submitted for variety attribution regardless of whether they were given a variety attribution. The probability that a presumptive variety coin would be attributed on submission was calculated as the total number of variety-attributed coins grading VF20-XF45 for a given year and mintmark divided by the total number of all coins grading VF20-XF45 for a given year and mintmark.
Because the 1917-P
DDO FS-101
Lincoln Cent doubled die is pretty obvious, a fairly high percentage of correctly attributed submissions was anticipated.
In contrast, because the 1934-P
Lincoln Cent DDO FS-101 has a secondary doubled die image that is very weak or worn away in late die stages or with heavy circulation, the percentage of correctly attributed submissions was anticipated to be fairly low.
1917-P LINCOLN CENTS
At PCGS, among all 1917-P Lincoln cents grading VF20-XF45, there were 90 with a
DDO FS-101 designation and 56 with no variety designation. So, for the 1917-P
Lincoln Cent, 61.6% (90/146) of all submissions for grading received a doubled die variety attribution. This suggests that at least 61.6% of all presumptive 1917-P doubled die cents got the variety attribution from PCGS. If a few intermediate grade 1917-P Lincoln cents were submitted for grading only, the proportion of presumptively attributed doubled dies passing muster at PCGS could be higher.
At NGC, among all 1917-P Lincoln cents grading VF20-XF45, there were 104 with a
DDO FS-101 designation and 83 with no variety designation. So, for the 1917-P
Lincoln Cent, 55.6% (104/187) of all submissions for grading received a doubled die variety attribution. This suggests that at least 55.6% of all presumptive 1917-P doubled die cents got the variety attribution from NGC. If a few intermediate grade 1917-P Lincoln cents were submitted for grading only, the proportion of presumptively attributed doubled dies passing muster at NGC could be higher.
1934-P LINCOLN CENTS
At PCGS, among all 1934-P Lincoln cents grading VF20-XF45, there were 11 with a
DDO FS-101 designation and 24 with no variety designation. So, only 31.4% (11/35) of all 1934-P
Lincoln Cent submissions for grading received a doubled die variety attribution. For grades VF20-VF25 combined, 0% (0/11) of all submissions were attributed as doubled dies.
At NGC, among all 1934-P Lincoln cents grading VF20-XF45, there were 9 with a
DDO FS-101 designation and 102 with no variety designation. So, only 8.2% (9/111) of all 1934-P
Lincoln Cent submissions for grading received a doubled die variety attribution.