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Machine Doubling, a premium?

joeykoinsjoeykoins Posts: 16,239 ✭✭✭✭✭
in U.S. Coin Forum

I was watching YouTube last night. They showed the 1969s, as well as, the 2013 Shield Cent with the dreaded M.D. He explained both were sold for over $15! Wow, could this be the new hot coin? If so, I got a ton! $$$ Lol

"Jesus died for you and for me, Thank you,Jesus"!!!

--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.

Comments

  • FredWeinbergFredWeinberg Posts: 5,841 ✭✭✭✭✭

    No

    NO

    no

    Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Machine doubling is very common.... I agree with Fred.... You have FOUR no's!!! :D;)

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    Yep ... you could be sitting on a ton of money.

  • joeykoinsjoeykoins Posts: 16,239 ✭✭✭✭✭

    I agree with ALL you guy's! Lol

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • joeykoinsjoeykoins Posts: 16,239 ✭✭✭✭✭

    Who know's? There could be a day when were searching through rolls than someone finds a coin that's questionable. Than he finds out by a member and he tells him," no good! It's just a DD." Lol

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • TurtleCatTurtleCat Posts: 4,607 ✭✭✭✭✭

    I’ve only heard of a premium for a dramatic machine doubling. And that makes sense to me. What we usually see for MD wouldn’t deserve a premium as it’s so common.

    TurtleCat Gold Dollars

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    How many got sucked into a poorman's 55 double die in the late 60's?

  • FredWeinbergFredWeinberg Posts: 5,841 ✭✭✭✭✭

    I never bought/paid for any of the '55 P.M. DD's in the sixties,
    but I sure did find a lot of 'em........

    Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
  • OldhoopsterOldhoopster Posts: 2,930 ✭✭✭✭✭

    This is why people should avoid YouTube unless they know the source is credible (The mint, Coin Week, etc). New collectors hear this info, and think they struck it rich.

    BTW: I bought a poorman's DD when I was a kid in in the 70's. While I knew it wasn't the biggie, I had no idea what that it was due to die deterioration (or even what die deterioration was). It's probably still in a box somewhere

    Member of the ANA since 1982
  • joeykoinsjoeykoins Posts: 16,239 ✭✭✭✭✭
    edited July 21, 2020 9:21PM

    @Oldhoopster said:
    This is why people should avoid YouTube unless they know the source is credible...

    Yeah,the guy on YouTube, Blueridgesilverhoundcoins, Sean, To me, pretty knowledgeable,esp. In varieties. And he said the sales were on Ebay.

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • 291fifth291fifth Posts: 24,374 ✭✭✭✭✭

    What is his BUY price?

    All glory is fleeting.
  • JBKJBK Posts: 15,688 ✭✭✭✭✭

    @291fifth said:
    What is his BUY price?

    This is the key question.

    Just because uneducated people pay for worthless coins does not make them valuable. Or does it... :/

  • BustDMsBustDMs Posts: 1,618 ✭✭✭✭✭

    @JBK said:

    @291fifth said:
    What is his BUY price?

    This is the key question.

    Just because uneducated people pay for worthless coins does not make them valuable. Or does it... :/

    Only if you are the seller, oh, and their check clears! 😉

    Q: When does a collector become a numismatist?



    A: The year they spend more on their library than their coin collection.



    A numismatist is judged more on the content of their library than the content of their cabinet.
  • joeykoinsjoeykoins Posts: 16,239 ✭✭✭✭✭

    The guy on YouTube wasn't the buyer. He just said he noticed it on Ebay.

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • jmlanzafjmlanzaf Posts: 34,614 ✭✭✭✭✭

    @joeykoins said:
    The guy on YouTube wasn't the buyer. He just said he noticed it on Ebay.

    Just because you can find a turd shaped like Jesus Christ that sold on eBay for $500 doesn't mean turds are actually worth $500.

    Someone who didn't know any better got taken advantage of by someone who either did or didn't know better.

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