1955 Lincoln Cent DDO Population
OAKSTAR
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Hypothetically, in your opinion... If I added up all the BR/RB/RD 55DDO totals in each of the 3 TPG'er pop reports, would that give us a good estimate of how many were minted? Same for the 41/2 merc, 37-D 3-leg,
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
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No
What about all the raw ones?
There may be as many or more raw as graded.
As state before this calculus is not correct. To see the big picture, you has to pair the Hammer and Anvil. Then you can know how many was use, then the mint reports and know the numbers of coins struck. Beside this you has to have the studies done in very big quantities. It is not hypothetical thinking. Is just facts.
The coins you talk about, has a history. Is presumed that only one die present this variety. So at least 20K coins struck. How many was certify? and this because the owner of the coin know about ? few, and also how many still be out?? probably many.
NEVER ARGUE WITH AN IDIOT.
FIRST THEY WILL DRAG YOU DOWN TO THEIR LEVEL.
THEN, THEY WILL BEAT YOU WITH EXPERIENCE.
MARK TWAIN
Never buy this coin raw. There are extremely deceptive counterfeits of it out there. A few counterfeits likely have found their way into TPG holders. You want that forever guarantee of authenticity with this one.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
For me the most spectacular is 1958. Not this who has 200 and more fake then 1 real.
NEVER ARGUE WITH AN IDIOT.
FIRST THEY WILL DRAG YOU DOWN TO THEIR LEVEL.
THEN, THEY WILL BEAT YOU WITH EXPERIENCE.
MARK TWAIN
I sure wish I had the ones (three) I had as a kid.... raw and from circulation.... All disappeared when my Mom cleaned out the bureau after I joined the Navy....
Cheers, RickO
I don't think you can ever know the answer to that question.
The PCGS Coin Facts web site gives the estimated survival of each US coin based on the opinions of experts specializing in that series. Also, the 1955 DDO is extremely popular with collectors because the spread between the two design features is the greatest of any US doubled die coin. It's actually quite dramatic.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
And many Details coins
You'd also need to know what data on the population reports is duplicated, triplicated, quadruplicated or whatever, due to resubmissions.
On a side note, I think I just used two words I'd never used before and I enjoyed it. Thank you for the opportunity.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Also the most shenanigans
Also, with an appearance that doesn't say "Whoa" or "Wow" like the 1955 DDO.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You think there are as many or more raw ones out there that haven't been graded? Really? So there are collector or dealers that have raw 55DDO's and for whatever reason, haven't submitted them? Is there data somewhere that documents that?
I wasn't looking for an accurate number, just a ballpark figure.
I was looking for something like that but couldn't find it.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
PCGS Coin Facts shows the estimated population of the 1955 DDO cent to be 15,000 for all grades, 3750 for MS60 or better, and 75 for MS65 or better.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@ifthevamzarockin said; "There may be as many or more raw ones out there then graded" Man, I can't believe that!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Why? Most estates are still predominantly raw.
Here's the PCGS info:
Pete
Hmmm, difficult for me to understand but okay.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
For the 1955 Lincoln Cent DDO...This is from a document I have from 2006. I don't have the source information.
"This ever-popular Mint error seems to have been produced sometime during the summer of 1955 in the Philadelphia Mint. Then-Chief Coiner Sydney C. Engel estimated that between 20,000 and 24,000 pieces were struck, the first examples of which were discovered in Massachusetts in 1955."
I agree with this.
The story I have heard, which may be apocryphal, is that the variety was discovered at the end of a full shift of production which yielded 25,300 coins. The coins from that die were mixed in with the full day's production from all dies, numbering hundreds of thousands of coins. Rather than scrap the entire lot, the Mint made the decision to release them all.
As others have said, simply adding up the pop reports for TPGs will never give you an accurate picture of the original mintage. First you have no way of accounting for crackouts and resubmissions, which greatly distort the pop reports, especially at the high end. I also firmly believe that there are hundreds if not thousands of examples still sitting in the dresser drawers or jewelry boxes of people that found them in circulation.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Ask your local coin shop.
You'd have to make assumptions as to (i) how many still exist as raw coins, and (ii) how many in the pop reports are double-reported (or more).
As a WAG, I might say that the two groups above cancel each other out, and your total might well be a good guess.
That one machine had a productive night (even if those supposed to be paying attention that night weren't being productive)!
How many of those population have been cracked out. ...
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
U.S. & World Coin News and Article
"Smoking Pays Off For Collectors"
Jaime Hernandez - October 11, 2011
In the year 1955, some lucky individuals who smoked cigarettes (or unlucky, depending on how you look at it), had the opportunity of receiving one or two brand new Uncirculated 1955 Doubled Die cents in change from cigarette vending machines.
At the time, a pack of cigarettes would only cost 23 cents from vending machines. However, there was one problem: those vending machines would only take quarters. In 1955, the vending machines were just not equipped to take different coin denominations or give back change. The cigarette companies had to either raise the prices or figure out a way to give back change.
Instead of taking the risk of raising prices and possibly losing customers to other cigarette companies, some cigarette vendors decided to place two cents inside each pack of cigarettes to give back as change. Therefore, when smokers placed a quarter in the cigarette vending machines, the customers would receive a pack of cigarettes with two Lincoln cents that were inside the cellophane packaging. And this is where many of the 1955 Doubled Dies were discovered!
Thanks to the dramatic doubling on the 1955 Doubled Die cents, it did not require strong magnification or a loupe in 1955 to see the doubling on the new cents. So many 1955 Doubled Dies were found the same year in which they were released, as most people could easily spot the doubling with the naked eye. Since many 1955 Doubled Die cents were pulled from circulation shortly after they were minted and set aside by collectors, most coins today exist in high-grade condition. In fact, the majority of existing 1955 Doubled Dies today are in AU to Uncirculated condition. This is because many of them barely circulated or did not circulate at all.
The 1955 Doubled Dies were created when the Mint accidentally struck a working hub and a working die together while they were both slightly rotated differently from one another. Consequently, this working die then received a doubled die impression. And as a result, this working die struck thousands of 1955 Doubled Die cents.
After the 1955 Doubled Dies were struck, they were mixed with millions of regular circulation strike cents of the same year. Mint employees did manage to capture many of the error 1955 Doubled Die cents before they went into circulation, but many more circumvented their screening process. Consequently, the Mint decided that it was just not worth the trouble of melting millions of cents just to try to retrieve the approximately 25,000 Doubled Die cents that were accidentally produced. Since then, so many coins have been lost and damaged in circulation, that today's number of surviving examples is more like 10,000 to 15,000 in all grades combined.
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@WingedLiberty1957- Yes, I remember hearing about that story. Thanks for that reminder! 👍🏻
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Thanks for that gents. All great feedback. Makes much more sense now!! 👍🏻 👍🏻
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
I feel your pain RickO. About 1958 my grandfather rounded up all of my trading cards (Topps baseball) and my comic books and discarded them to the trash. He thought them to be diverting my attention away from my school work. Later my mother gave away my substantial marble collection which I had accumulated by skill. Obviously my mother's side of the family had no interest in collecting.
Perhaps we should be training young numismatists to guard their collections from their parents and grand parents.
OINK
Hidden in your initial question is a question of rarity/availability. As you know, one can acquire an example readily. I'd like to own one someday, perhaps in an OGH.
"Got a flaming heart, can't get my fill"
Speaking of OGH, I picked this one up a few months ago after a long search. I considered a full red piece but couldn't pull the trigger at that price point. This one makes me smile when I get it out of the safe. It's on my list to get it imaged.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
OUCH! I hate these stories. Unfortunately these things happen more than one would think.
My Topps baseball card collection was left at a friends house who I happened to drift away from as time went on. It contained all the good stuff from 1964-65. Mantle. Mays. Aaron, etc (and doubles for trade).
His mother told me years later that they were all destroyed when their basement flooded.
I'll never know more than that.
Pete
They look close but yours is much nicer! 👍🏻
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
there are also are some in slabs other than the top 3 services