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 Replies: 26 / Views: 1,956 |
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Valued Member
United States
295 Posts |
Do you by chance know why your grandfather kept it? Was it for the possibility of the 55DDO? If so I would open it up and check it. As you open it be careful and 2x2 the best looking ones for possible resale.
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New Member
 United States
29 Posts |
Never got a chance to ask him. He died when I was 10, almost 30 years ago. Here's where the plot thickens. The roll is a double tailer. The only identifying mark is my grandfather's handwritten notation 1955 P in black pen. My grandfather was incredibly meticulous. He never would have taken someone's word that it was a 55 roll. I have to believe that he purchased it himself. Also, all of the other rolls in his collection bear Chicago Bank marks, where he resided at the time. Anyone else confirm the NY DDO theory? |
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Pillar of the Community
United States
860 Posts |
I hate to think that I am now one of those oldies, but in 1955 I was close to 12 yrs old and had collected a few lincolns, and the paper carried a story about the "odd" cent that coin dealers were paying dollars for. The amount varied as the number of DD out there was raised and lowered, but it was said that in certain parts of the country, since major brand cigarettes were 23 ¢ a pack, the distributors put 2 lincolns in each pack wrapper, so a quarter could be used in the dispenser, and some of those lincolns were the 55 DD. My 3 older brothers who smoked ( and all three died from lung cancer 15-20 yrs ago) went to every machine in town and nearby checking the display packs. Some they had to buy as the reverse was showing. They didn't find any P mint, all D in this area. When I started collecting, it was one coin I wanted to get and I did many years ago, a nice brown AU certified by ANACS when they just used a photocertificate of the coin and slabs weren't yet. I am sure someone else can tell the Hurricane of August 1955 story more accurately than I remember  Jim |
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Pillar of the Community
United States
581 Posts |
Hmmm. Having a double tail roll and only handwriting to prove it's 1955-P will make it a bit more dicey to sell on e-bay, but believe me, there are still plenty of people who'll buy it.
As far as selling it, the numbers aren't there. You might get $100 on e-bay. Or there is a very, very, very small chance you will find a $2000 coin in that roll.
I would consider this to be a $100 lottery ticket. Are you a gambler? Very simple, really.....
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Bedrock of the Community
United States
12437 Posts |
If the roll was purchased new from a bank in Chicago, it have virtually zero chance of containing DDO #1 since they were discovered in the New England area. It is a similar situation to the Speared Bison nickels, Wisconsin extra leaf quarters, and edgeless Pres dollars that have turned up in specific isolated geographic regions. However, there are other lesser 1955 DDOs and your roll could possibly contain any of them. |
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Bedrock of the Community
Canada
10743 Posts |
eaglefoot quote... "decide which is more important..... money... or your curiosity" Remember.. curiosity killed the cat.  I'd open it. |
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New Member
United States
29 Posts |
A slight correction. The roll does not have a Chicago Bank notation. It simply says Fidelity-Philadelphia Trust Co. It came with chicago lincoln rolls from 54 and 56.
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Pillar of the Community
United States
936 Posts |
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Bedrock of the Community
United States
19949 Posts |
Quote:
I had this same dilemma a few times and was only disappointed in the end. I like to collect the different wrappers found on Lincoln rolls and had some 55P's, 44D's,69S's etc etc which were all fed wrapped or old bank wrapped. I started opening them and found nothing, I did not regret opening them, I was just disappointed. I was kind of like when the mega millions hits 100 mill, you start to think how you would spend the money only to be a little disappointed in the end.
Found nothing? There must have been some nice coins in those if they were BU rolls. You at least must have found some nice gems! One must remember, there's a reason coins like the 55/55 are worth so much....they are rare. The old "needle in a haystack" cliche applies. |
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Pillar of the Community
United States
936 Posts |
Thad, I shouldn't have said I found nothing (just nothing big) There were some nice ones in the rolls(they were all BU), some I should send in for grading. I found a lot of RPM's, and a few DDO's. If I looked hard enough I might even have some top pops(the guy I bought them off had a broken roll out of the same bag that he sent in and they came back MS67 and a 68). I have since rebuilt my OBW roll collection and plan on keeping them in their wrappers. Deep down I knew the odds were stacked against me finding one of the "big" ones, I think it was a combination of not finding anything big and the rationalization once I opened them it was like driving a new car off the lot, the resale value dropped dramatically! Edited by chrsb
07/22/2008 9:05 pm
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Bedrock of the Community
United States
14454 Posts |
Quote:
since major brand cigarettes were 23 ¢ a pack, the distributors put 2 lincolns in each pack wrapper, so a quarter could be used in the dispenser, and some of those lincolns were the 55 DD thats how my grandfather said he got the 55/55's he had. he used to run a service station and in the cigarette machine there would be these packs of smokes that had the cents in them and his customers would always cut them out of the pack and give them to him because they knew he was a coin collector and these were shiny new cents, he would give them 2 cents from the register or out of his pocket for them. I sent the one I found in the boxes he gave me to PCGS and it came back MS-62RB. He said he had a few more of them in the boxes also but I have never looked any further for any more because its just way to many coins to look through for me (I am not a roll searcher because I don't have the patience for it) I will have to sort all of the cents boxes and see if I can find another one or two |
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Replies: 26 / Views: 1,956 |
First Page
Posted 07/22/2008 12:58 am
