Quick Links:   Collectors Corner | PCGS | PSA | PSE | PSA/DNA | CU | Coinflation



Navigation:


FORUMS > U.S. COIN FORUM [ REFRESH ]
Thread Title: 1959-D Wheat Cent
Created On Sunday May 09, 2010 6:36 PM
Pages: [ 1 2 3 4 >> Next ]


MrEureka
Coin Hound

Posts: 20095
Joined: Jan 2003

Sunday May 09, 2010 6:36 PM

User is offline View users profile View thread in raw text format

What will this coin bring?

-------------------------
Andy Lustig

Doggedly collecting coins of the Central American Republic. Visit the Society of US Pattern Collectors at USPatterns.com.


Reply
Quote
Top
Bottom



1tommy
Collector

Posts: 2183
Joined: Feb 2010

Sunday May 09, 2010 6:51 PM

User is online View users profile View thread in raw text format

thats a cool one of a kind and a great story ................

-------------------------
My Registry Set.......Varieties Are The Spice Of LIFE and so Are Those who teach us what to search For.

Reply
Quote
Top
Bottom



Coinosaurus
Master Collector

Posts: 8358
Joined: Jan 2003

Sunday May 09, 2010 6:52 PM

User is offline View thread in raw text format

"It is important to note here that this coin will not be confiscated as the Treasury Department has returned the coin twice to the owner after reviewing the coin and returning it as genuine."

That's nice to say, and somewhat reassuring, but would they indemnify the new owner to that effect? I doubt it.

As for value I'd guess $100K. Neat coin.

-------------------------
Liberty Seated Collector's Club, www.lsccweb.org

Reply
Quote
Top
Bottom



ambro51
Esoteric Collector

Posts: 12649
Joined: Jan 2008

Sunday May 09, 2010 6:52 PM

User is online View thread in raw text format

Thats a coin that could be a legend. Id never read such detailed examination records before and it seems to be genuine, at least, according to the US Goverment.

so....they say 40-50K? Id buy at that price...yes I would. If it goes into a PCGS or NGC holder the value goes up 5X instantly.

No doubt there is a old man living in Colorado who is keeping a BIG secret.

Reply
Quote
Top
Bottom



Aegis3
Expert Collector

Posts: 2707
Joined: May 2006

Sunday May 09, 2010 6:53 PM

User is offline View thread in raw text format

Either $74,750 or fails to meet reserve.

-------------------------
--
Ed. S.
(EJS)
Which side are you on?

Reply
Quote
Top
Bottom



GoldenEyeNumismatics
Young Blood

Posts: 13366
Joined: Jul 2006

Sunday May 09, 2010 6:57 PM

User is offline View users profile View thread in raw text format

$103,500

-------------------------

Link to my eBay listings.....
Yankee Coins, Inc.

Reply
Quote
Top
Bottom



bolivarshagnasty
Collector

Posts: 1941
Joined: Aug 2005

Sunday May 09, 2010 6:58 PM

User is offline View users profile View thread in raw text format

Andy, Thanks, a great read. I'll guess 100k+ on the auction. Shag

-------------------------
The Ocoee Collection/ 1909 Mint Set with Gold and Major Varieties
Bolivarshagnasty's Rainbow Morgan Mint Mark Set

Reply
Quote
Top
Bottom



Katrina
Member

Posts: 26
Joined: Oct 2009

Sunday May 09, 2010 6:59 PM

User is offline View users profile View thread in raw text format

Holy Chit


Reply
Quote
Top
Bottom



savoyspecial
Master Collector

Posts: 6737
Joined: Aug 2007

Sunday May 09, 2010 7:10 PM

User is offline View users profile View thread in raw text format

Mark Hofmann took credit for making this mule (albeit while in custody)

Reply
Quote
Top
Bottom



MsMorrisine
Choose Your Title

Posts: 15374
Joined: Feb 2009

Sunday May 09, 2010 7:13 PM

User is offline View thread in raw text format

could the Secure Plus computer system be helpful with identifying different dies for 59D and 58D in an effort to shed light on its legitimacy?


-------------------------
BST's: me as a buyer: mbogoman, smokincoin, INXS, Raybob15239, 57loaded, Bochiman, wondercoin, drwstr123, weather11am & seller: wondercoin

Reply
Quote
Top
Bottom



Coinosaurus
Master Collector

Posts: 8358
Joined: Jan 2003

Sunday May 09, 2010 7:19 PM

User is offline View thread in raw text format

I suspect if PCGS could match the dies they would have already made a big deal about it - it would have been awesome publicity for SecurePlus.

-------------------------
Liberty Seated Collector's Club, www.lsccweb.org

Reply
Quote
Top
Bottom



wondercoin
Patterns to Plats, MS to Mattes

Posts: 15241
Joined: May 2001

Sunday May 09, 2010 7:56 PM

User is offline View users profile View thread in raw text format

The last time the Goldbergs had this coin up for auction, if I recall they pulled it shortly before the auction. What was that all about again?

Wondercoin

-------------------------
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.

Reply
Quote
Top
Bottom



CaptHenway
2009 Numismatist of the Year

Posts: 18875
Joined: Nov 2005

Sunday May 09, 2010 9:12 PM

User is offline View users profile View thread in raw text format

FWIW, around 1975 or 1976 Coin World's Collectors Clearinghouse received a letter asking if we would like to see a 1959-D cent that had been authenticated by ANACS. I replied that we would.

The coin arrived, accompanied by an ANACS certificate from the Washington, D.C. office. Future ANACS Authenticator Ed Fleischmann and I both examined the coin, and thought that the second 9 had been skillfully altered. I contacted ANACS Director Charles Hoskins about the coin, and he checked their records and verified that they had inded authenticated the coin.

However, until I mentioned it, he was not familiar with the fact that a 1959 cent should have a Memorial reverse. He said that they received many common, ordinary coins for certification, and nobody there had realized that the coin was unusual. They just blew it through with a cursory glance and certified it. We returned the coin to the owner along with our opinion of it.

I do not believe that the Goldberg coin (which I have seen in person) is the same coin as the one I saw in the 1970s, but because of the great gap between viewings I cannot be sure.

TD

-------------------------
I just love "The Colbert Report" and "The Daily Show!" Funniest things on television!

Reply
Quote
Top
Bottom



WoodenJefferson
Master Collector

Posts: 5783
Joined: Jun 2006

Sunday May 09, 2010 9:22 PM

User is offline View thread in raw text format

I read the same story about Hoffman claiming to have produced this mule in his basement, utilizing an explosion impact die process. He claimed to have made 16-D Merc Dimes the same way.

True or not, it just lends to the mystery.

-------------------------
Chat Board Lingo

"Keep your malarkey filter in good operating order" -Walter Breen

Reply
Quote
Top
Bottom



melvin289
Expert Collector

Posts: 3149
Joined: Feb 2005

Sunday May 09, 2010 9:29 PM

User is offline View users profile View thread in raw text format

Having had operated machinery like the mint uses to make coins I can see where the error could have happened. Since the obverse and reverse dies are placed into the die sets separately, it is possible that a wheat cent reverse die were mistakenly mixed in with memorial dies and placed in the die set. Upon inspecting the quality of the newly installed dies the operator would have attempted to pick out the error coins. The coins are fed into a bin after being struck. Suppose the coin bin were half full. There is a chance one error was overlooked or too much trouble to look for any further. Although doubtful, it is possible that the coin error was just a mistake and an example overlooked and got out of the mint. This is just speculation on my part. I'm just saying it could be a legitimate mistake.

Ron

-------------------------
Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.

Reply
Quote
Top
Bottom



CaptHenway
2009 Numismatist of the Year

Posts: 18875
Joined: Nov 2005

Sunday May 09, 2010 9:39 PM

User is offline View users profile View thread in raw text format



<< I read the same story about Hoffman claiming to have produced this mule in his basement, utilizing an explosion impact die process. He claimed to have made 16-D Merc Dimes the same way.

True or not, it just lends to the mystery.
>>



I have read the book. I do not find it credible.
TD

-------------------------
I just love "The Colbert Report" and "The Daily Show!" Funniest things on television!

Reply
Quote
Top
Bottom



WoodenJefferson
Master Collector

Posts: 5783
Joined: Jun 2006

Sunday May 09, 2010 9:50 PM

User is offline View thread in raw text format

In response to Melvin289:

Sure thing it can happen that way, but think about it happening in a "transitional " year where you have a complete reverse design change, the set-up man is bound to look at the die face during installation. The obverse & reverse dies are configured so they cannot be swapped, they just won't fit, also flats on the side of the die orient the dies to maintain the coin flip rotation.

Then you have some test strikes...with close examination of the product about to be produced. Is it possible to overlook the reverse not being Memorial?

If anything, this was a clandestine midnight mint creation, smuggled out of the Denver Mint, like untold 1,000's of other errors that find their way to the market place.



-------------------------
Chat Board Lingo

"Keep your malarkey filter in good operating order" -Walter Breen

Edited: Sunday May 09, 2010 at 9:54 PM by WoodenJefferson

Reply
Quote
Top
Bottom



Batman23
Collector

Posts: 2201
Joined: Oct 2007

Sunday May 09, 2010 10:58 PM

User is offline View users profile View thread in raw text format



<< FWIW, around 1975 or 1976 Coin World's Collectors Clearinghouse received a letter asking if we would like to see a 1959-D cent that had been authenticated by ANACS. I replied that we would.

The coin arrived, accompanied by an ANACS certificate from the Washington, D.C. office. Future ANACS Authenticator Ed Fleischmann and I both examined the coin, and thought that the second 9 had been skillfully altered. I contacted ANACS Director Charles Hoskins about the coin, and he checked their records and verified that they had inded authenticated the coin.

However, until I mentioned it, he was not familiar with the fact that a 1959 cent should have a Memorial reverse. He said that they received many common, ordinary coins for certification, and nobody there had realized that the coin was unusual. They just blew it through with a cursory glance and certified it. We returned the coin to the owner along with our opinion of it.

I do not believe that the Goldberg coin (which I have seen in person) is the same coin as the one I saw in the 1970s, but because of the great gap between viewings I cannot be sure.

TD
>>




Interesting, I had to look. In the linked photo I see that the second 9 is thinner than the first 9. But looking at the 59-Ds in the registry sets I see that they also have the same characteristics. With the United States Secret Service Office of Investigations Counterfeit Division's report this looks like it might be the real thing.

Reply
Quote
Top
Bottom



droopyd
Master Collector

Posts: 5691
Joined: Feb 2007

Monday May 10, 2010 2:14 AM

User is offline View thread in raw text format

If I had the money I'd easily pay $100k (even if it turned out to be a fake).

-------------------------
Me at the Springfield coin show:

50 years into this hobby and I'm still working on my Lincoln set!

Reply
Quote
Top
Bottom



droopyd
Master Collector

Posts: 5691
Joined: Feb 2007

Monday May 10, 2010 2:14 AM

User is offline View thread in raw text format



<< If anything, this was a clandestine midnight mint creation, smuggled out of the Denver Mint, like untold 1,000's of other errors that find their way to the market place. >>





-------------------------
Me at the Springfield coin show:

50 years into this hobby and I'm still working on my Lincoln set!

Reply
Quote
Top
Bottom

Pages: [ 1 2 3 4 >> Next ]
FORUMS > U.S. COIN FORUM [ REFRESH ]
View Member Listing | Add To Member Listing

Privacy Policy | Terms of Use | Terms of Membership

Collectors Universe, Inc., or any subsidiary or affiliate is not responsible for the accuracy, completeness or validity of any information contained in any messages.

FuseTalk 3.0 - Copyright 1999-2002 e-Zone Media Inc. All rights reserved.