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 Replies: 23 / Views: 3,573 |
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Valued Member
 United States
85 Posts |
I can see where some collectors don't understand the significance of the variety. It is actuall 1/2 of a 1988 coupled with the reverse 1/2 of the 89. Certainly not a minor doubling type error. There are only a few folders with holes for double die varieties, but this is a transitional mule. A 1988 and a 1/2 as it is. A collection might be complete with a single coin of say die 001-005, but not without the 006. Just as folders aren't complete without small dates and large dates. This coin, even if found in thousands is still the rarest of the LMC's. Of course everyone is entitled to buy one or not, have one or not. Currently, there aren't any for sale and no one I am aware of wants to part with one for any price. I expect that if any do become available for sale, they will be offered by Heritage or one of the large Coin Auctions. I agree, that many will pass this variety. But it's significance certainly cannot be overlooked by the serious collector. |
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Pillar of the Community
United States
1882 Posts |
I can see how it would have some real value, is this a coin you found while roll searching? nice find, for sure! But a hole being devoted to it a Dansco seems highly unlikely, with so few known. There aren't holes for large and small date 1974 (correct me if I'm wrong). There also aren't holes for 1998-2000 WAM's, which are arguably popular varieties for collectors. Where did you submit the coin for grading? |
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Valued Member
United States
85 Posts |
Well, since the variety is actually a 1988 with a 1989, it certainly becomes more of an item for an album than say a 1984 double ear. This is a match up error. True, it might become common enough to warrant a hole in folders. Then it might be a few hundred. But the 1992 D CAM is listed at $3000. This in a higher grade could easily go to 5 figures. I mean no LMC collection is really complete without the transitional cents. You can omit a lot of dies and a lot of doubling, but the transitions are an absolute must. IMHO |
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Valued Member
United States
85 Posts |
Spencer, I agree completely. I think that when people realize their set is missing the 88/89 coin, the price will reflect the scarcity. And when or if die analysis is done, it will probably be seen that there was never a complete die run of any of them. I used the Wexler estimated figures of a maximum possible population of the 1/1023 1988 coins and just using mintages from 1983 to 2009 the ratio exceeds 1/53300 coins. And we all know that 2010s and coins earlier than 1983 are in circulation. If the die runs were extremely short by changing to the 1989 anvils the ratio could be 1/250000 coins or even greater. 5 figures for the highest grade AU58 found is well within the realm of possibility. Like I already pointed out, a 1988 from any die 001-005 is nearly the same coin. BUT the 006 is truly an 88/89 coin. Interest grows as each one is found. And no one can buy what isn't being offered for sale. How high can they go ? At least double or triple the value of the 1992.
D C AM. IMHO
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Valued Member
United States
85 Posts |
Something to add is the fact that in 2007 a Philly went for $750. Threads in 2008 predicted they would be $50. Now none are for sale! NONE ! Owners that have a few told me they were keeping them as long as they lived to pass them down. One owner told me he might take $10k for his raw one. I guess if you want one, you either find it or cough up the big bucks ? I consider mine a 5 figure coin also.
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Valued Member
United States
85 Posts |
Oh I do think it will be too rare for Dansco to ever put a hole for it. It will take it;s place in registered collections of serious collectors.
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Valued Member
United States
85 Posts |
As an added note. I was able to learn that there are only 12=13 known and they are owned by 5 people. The only one who would talk about value, said his was a 10k coin ? I don't know, but it seems none are for sale right now. So I guess you either find one, or cough up some real dough ?
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Bedrock of the Community
United States
19952 Posts |
You can only insure it for what you sell it for. USPS will demand you show them something that confirms the insured value. They will accept a printout of the internet sale. You can read their insurance terms on the USPS website.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Replies: 23 / Views: 3,573 |
First Page
Posted 08/13/2010 3:47 pm
