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Vp-001 Designation

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fmtaxguy's Avatar
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 Posted 06/18/2009  7:36 pm Show Profile   Bookmark this topic Add fmtaxguy to your friends list Get a Link to this Message Number of Subscribers
Please excuse the ignorance of this relative newbie, but what does the designation "VP-001" mean? What information does it provide me? It is on an NGC slab label for a 1953 Jefferson nickel with a DDO. Thank you in advance.
Bedrock of the Community
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10284 Posts
 Posted 06/18/2009  10:25 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
I do believe it stands for "Variety Plus" and there may be several varieties.
In this case for example, IF there was a second Doubled Die Obverse variety, it might be designated as 1953 Jefferson nickel VP-002 DDO
Of which right off the top of my head, do not know if such exists, but for some dates, there are several DDO and yours has the specific characteristics of the one that has been designated as VP-001
Off the top of my head, I don't know who came up with this catalogue number system. It might just be NGC's way of sorting it out and making it a specific die variety designation.
Different books have the same die strikes designated with different catalogue numbers. Somebody will know. At the moment, I am not too sharp on who is who.
For Wexler, this would probably be WDDO-001
Hope this helps rather than confuse.
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fmtaxguy's Avatar
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 Posted 06/18/2009  11:37 pm  Show Profile   Bookmark this reply Add fmtaxguy to your friends list Get a Link to this Reply
Thanks, wheezydog. It someone helps, and certainly more than confuses. I wonder if there were only one known variety DDO error on this particular coin, why would any further designation be necessary. I also wonder what it means to the value of the coin.
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 Posted 06/19/2009  12:46 am  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
New discoveries are found from time to time, so a VP-002 or VP-003 may be added later. If your VP-001 was an ordinary strike it would not have that on the holder. Yes it is a bit confusing, someplace I found a cross reference for some coins. I'll go look again and edit to add if I find it.

http://www.ngccoin.com/VPSubCategory.aspx?subid=17
Well here ya go for starters
Edited by TNG
06/19/2009 12:52 am
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fmtaxguy's Avatar
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257 Posts
 Posted 06/19/2009  3:54 pm  Show Profile   Bookmark this reply Add fmtaxguy to your friends list Get a Link to this Reply
Neat reference. Thanks! Although I don't have a paid membership to NGC, and can't view their census reports, the seller says that only 4 of these coins have been graded higher (1953 Jefferson PR67 VP-001 DDO). Does anyone have any idea what that might mean to the coin's value?
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 Posted 06/19/2009  5:00 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
PR67 means it is a proof coin in 67 out of 70 condition.
VP-001 means it is Variety Plus No 1 in NGC designation
DDO means Doubled Die Obverse.
Is yours a proof?

BTW the value of price ranges given on that page are not significant
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fmtaxguy's Avatar
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257 Posts
 Posted 06/20/2009  08:16 am  Show Profile   Bookmark this reply Add fmtaxguy to your friends list Get a Link to this Reply
Yes, it is a proof. I do know what all the numbers and letters mean to the coin's value except for the VP-001 designation, which you were kind enough to define and explain to me earlier in this thread. Numismedia, at least the free version, doesn't list the DDO 1953 proof. But, if the reliable seller is to be believed, only four have been graded higher. If you have a listing for the proof DDO Jeffersons for 1953, I'd really appreciate a valuation. Thanks in advance, as well as for before.
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 Posted 06/20/2009  11:32 am  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
I have in hand
The Best of The Jefferson nickels Doubled Die Varieties Vol 2
by Wexler and Ribar


and on page 70 it shows 1953 WDDO-001 and a cross reference for this as I-O-II and FS#5-032.7 Discovered by Hugh T. Campbell

Some of the diagnostics show that there should be a small die crack on top of Jefferson's Head and at the base of his bust as well. From the images in my book, I would look closely at the top of WE TRUST.
It appears that it is obviously doubled on those letters especially.
It has values which mean nothing to me personally.
It is worth what a person will pay for it.
It is supposedly very significant and very rare.

For
Proof 60 $70
Proof 63 $90
Proof 65 $120

Would I spend that?
No, I would try to cherry pick one at the same cost of a 1953 Proof for the best grade I could find.
When it comes to the most famous top 10 doubled dies, I did pay a bit more for my 1955 Proof with the QDR quadrupled die reverse but only a fraction of this book value but considerably more than a regular proof.

I have no further info for you.
I recently bought a second 1953 proof, I can't get to it at the moment but something tells me I might have one of these too?
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 Posted 06/21/2009  8:07 pm  Show Profile   Bookmark this reply Add fmtaxguy to your friends list Get a Link to this Reply
Thanks so much for your amazing generosity of time and resources. I still marvel that there appears to be a reference book for every highly-specific topic within the hobby. Your information has been invaluable. I hope you find that you have, in fact, been sitting on a 1953 DDO proof!
Edited by fmtaxguy
06/21/2009 8:09 pm
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