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 Replies: 8 / Views: 1,087 |
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Pillar of the Community
United States
2600 Posts |
Am very close to purchasing a 1955 Lincoln DDO, raw coin. After a lot of examination I feel sure it is not a counterfeit and grades about 45 and may make AU-50. It will cost around $1,400 (ish). Two questions: 1. I guess from being in an album for MANY years, the obverse is darker brown than the reverse, significantly. How much does the color difference from front to back effect the value of the coin? 2. I know this coin has been highly valued for along time, but it is still only a variation. Can we expect this coin to continue to rise in value, or is this the wrong coin to put $1,400 into? I am trying to put together a high grade Lincoln set and am starting to get close to finishing it (excluding the myriad of insignificant variations). The two big keys and the 1955 DDO are all I need and then some upgrades. So, all thoughts are welcome, I really need them as I have some apprehension. Thx Jim  |
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Pillar of the Community
United States
4589 Posts |
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Bedrock of the Community
United States
12437 Posts |
1)I think the value effect of color really depends on eye appeal. If it is darker brown but the patina is uniform, it should not make too much difference. If it is a blotchy dark patina, I personally would not like that so much.
2)I think the 1955DDO will be a popular coin for a long time to come due to the fact that it is one of the most dramatic double dies known. The number minted is known pretty accurately (~25,000) so no large hoards will turn up and the savings rate was very high. I just checked Heritage Auctions archive and they have never sold a 55DDO with less than XF details.
Edited by biokemist6
05/31/2007 10:53 pm
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Pillar of the Community
United States
1952 Posts |
with a coin that cost that much I would have it graded and Slabbed. I know there are some that don't like the slabs but it will give you authentication and it will preserve the coin and if you get in a spot that some of us cant help but get into some times you will be sure to get your money back with interest.
that's just my opinion though.
Gary too
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Pillar of the Community
 United States
2600 Posts |
Thank you, all. I feel better armed with your thoughts.
Jim
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Pillar of the Community
United States
7123 Posts |
I take from your feelings of security that you have been able to examine this coin in your hand ? and also that it may have been in a collection for a long time ?
If the coin cannot be authenticated by the known marker (faint pair of raised polish marks extending down from the top of the T in cent on the left side of the vertical shaft of the T),since only one die was used if the coin does not have this marker it is a bad coin.
Jim I would have to see the coin to comment on the color variation ,, a differing patina from obverse to reverse is common for coins stored in albums and folders for many years and is a commonly seen and to a large degree accepted ,, although it is not always appealing to the eye .
Hope this helps a little !!
Metalman
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Pillar of the Community
United States
2600 Posts |
Metalman, I appreciate your thoughts. Yes the polish marks on the left side of the " T " that sort of form a X are there. The other markers show also, though as I understand, they do not always appear. The cut corner on the E in liberty, the weak 1 in the date and the NW to SE die marks running thru the date all seem to be present. The devises seem of proper shape instead of flattened which tends to (but not always) indicate a copy. Rim is correct, cannot really find any warning flags.
Again, thx for all the help. I will post pics if I buy.
Jim
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Valued Member
United States
390 Posts |
I don't know anything about Lincoln coins, but with regards to the color variation, could you send it in the NSC for conservation and maybe they could do something about that? Then NGC will slab it for you. I just sent a 1907 St. Gaudens to NSC (I bought it raw and the seller said it was AU) because of something like sticker glue on a small part of the obverse. They cleaned up the coin and it came bad MS61! I pretty happy about that. So, maybe they could do something for this coin if you buy it? Just a thought.  |
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Bedrock of the Community
United States
20753 Posts |
For one thing, if possible, I would ask for a close up photo or take it yourself prior to purchasing. Then contact Chuck at coppercoins.com, show him the photo and ask him for his opinion. That guy has now taken over 10,000 photos of Lincoln Cents, written two books on them and has that web site for basically just that.
Don't worry about a difference in coloration from obverse to reverse. The coin is to popular and expensive to make a difference.
I too have 10 Lincoln Cents Albums that are all complete. Each set is better than the next in grade. My 55 Double Dies were all authenticated by numerous dealers at coin shows prior to purchasing. Only a few were raw. I go to many coin shows so have gotten to know some dealers very well and respect their opinions. My set #1 is all MS grades except for that stupid 22 Plain.
Again, prior to spending that much on a coin, I would really want to know if it is real. So many fakes out there.
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Replies: 8 / Views: 1,087 |
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Posted 05/31/2007 10:51 pm
