| Author |
Replies: 12 / Views: 806 |
|
|
Pillar of the Community
 United States
6499 Posts |
  Purchased on ebay as a slabbed PCGS 1955-D nickel MS64 Cert # 49358681. I believe this to be an example of 1955-D/S overmintmark OMM-004. It is one of the stronger D/S produced in 1955, but only the strongest (OMM-001) is apparently eligible for CPG FS-501 status. This coin appears to be LDS or VLDS. Lots of melted butter devices. That does give it a really pleasing luster, which is tinted light gold. TrueView doesn't do the metal any justice for this coin. OMM-004 has a pair of die scratches right near the mint mark. A short scratch from the building to the D, and a long scratch running under the mint mark. Next, there is a trio of scratches from the left bottom of the P. A long scratch running NE is found closer to the building, although there are many die scratches on these coins. I found that the large gouge in the top of the M in America was on multiple examples, but it isn't specifically called out in either Wexler or Variety Vista. Wexler 1955-D/SVariety Vista 1955-D/S OMM-004 
|
|
|
|
Moderator
 United States
188320 Posts |
Very nice! 
|
|
Pillar of the Community
United States
5826 Posts |
Your analysis is spot on with this one.
|
|
Pillar of the Community
United States
3535 Posts |
|
|
Bedrock of the Community
United States
74095 Posts |
Nice cherry pick! 
Errers and Varietys.
|
|
Bedrock of the Community
United States
94367 Posts |
|
|
Moderator
 United States
95806 Posts |
very cool find Brand - great job matching the markers!!
|
|
Pillar of the Community
  United States
6499 Posts |
Many thanks, guys! =) Spotting such a coin would not be possible with all the advice and encouragement from the folks on this forum (and of course the wonderful reference resources like Wexler, Variety Vista, PCGS image catalogs, NGC VarietyPlus). So thanks for all the good coaching and the excellent examples and discussions. I will admit that I'm not quite sure how to handle such an interesting coin. I am still only learning the TPG game—which is to say that I own like five slabbed coins total. Is the value strongest the way that it stands, with knowledge plus an unattributed 1955-D slab? Is it possible to say that it was attributed incorrectly as -D, or is D/S attribution a special request? I have seen PCGS slabs with a variety attribution of Overmintmark OMM-004, which I hadn't even known was a possibility until a few days ago. Would it be advantageous to reslab with the 1955-D/S or the full variety attribution? A neat coin that leads to many interesting questions. I think it's a great example of the OMM D/S, and I'm quite excited to have it in my collection.
|
|
Pillar of the Community
 United States
8750 Posts |
Excellent spotting this, Brand! I suppose the answer to your question would be comprised of what you have in it, what is will cost to have it re-slabbed and what the difference of worth is, as is and re-slabbed. If it's just to have it slabbed properly, with the variety on the label, it does not matter, get it done.
-makecents-
|
|
Pillar of the Community
United States
2850 Posts |
Congrats on a nice pick Brand, very cool OMM 
|
|
Moderator
 United States
56855 Posts |
|
|
Pillar of the Community
  United States
6499 Posts |
Makecents, to your questions, I think that's a good way to approach the idea. I think we agree that if a collector plans on keeping the coin forever—and to some extent that money is not a relevant factor—then that collector can do whatever he or she pleases. In that scenario, I would probably choose either to keep the coin as-is (because it is sufficient that I already know it's a D/S OMM-004) or go the whole nine yards and have it reholdered as 1955-D/S Overmintmark OMM-004 right on the slab, cost be darned. Pragmatically, I ask the question for two reasons. First, as I continue to cherry pick, I may encounter other rare varieties that I do not fancy as much, but which still have financial value. Second, even though I do rather like this particular coin, I never plan on an infinite time frame, the same way I would approach a stock. I am into the coin for $40+$10 s/h. That is far more than the typical PCGS guide price for MS64 vanilla 1955-D of $10-15, but half the guide for D/S of $90-100. However, research on GC and ebay has revealed that prices can be all over the place for a PCGS slabbed D/S. I would assume that the price differences might partly be driven by eye appeal (I would say this coin is nice) and possibly the strength of the OMM, given that some D/S are quite weak (this one is a good strong example). Most of them didn't have Gold Shield and TrueView; this slab does. Not surprisingly, people seem to pay more for the slabs that have the variety tagging of Overmintmark and the OMM number, but that price increase might simply be break-even, matching the attribution cost. I think if it were possible to say to PCGS, "Hey, this slab is wrong, it should be D/S," and have them fix that for a low or no fee, that would be a no-brainer. The rest I am not sure about, but as Ygritte says, "You know nothing, Jon Snow." =) You guys know waaaay more than me about the Game of Slabs.
|
|
Pillar of the Community
United States
1791 Posts |
Very nice pickup!!
I passed up a 1787 Connecticut Copper today (probably in the very good to fine range). I wanted it badly but pragmatism won out (that and I couldn't really afford the price right now plus fraudulent charges on the card I use for the auction site). I couldn't get a value on the coin - it seemed to fluctuate quite a bit. The coin went for about $130. If I bid on it, who knows how high the other person would have gone.
|
| |
Replies: 12 / Views: 806 |
|