1922 “Weak D” 64RD
MrEureka
Posts: 24,312 ✭✭✭✭✭
Everyone makes mistakes, so no need to start bashing. But there’s another lesson here. Ultimately, the buyer paid a big premium for a 22-D cent because the mintmark was just a little weak. If it weren’t for the price guides and registry sets, would anyone ever consider paying a premium for that little bit of weakness? Shouldn’t the coin bring a discount, not a premium? The lesson is to always consider what you think a coin should be worth, not just what the market tells you it’s worth.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Comments
Wow! That's not that weak a "D". I have a few of those myself, but much lower grade. Some people have a lot of money to burn.
This is a middle die state of a known and recognized (in a much later die state) 1922-D variety, but it is not that rare in this die state. I can trace the die states of this die from almost new (and extremely insignificant) to extremely late (and highly desirable).
By coincidence I am polishing up my manuscript for my book on the Cents of 1922 and just happened to be working on this variety.
Yes, of course.
It’s worth explaining that the late state version is worth a big premium because an imperceptible mintmark makes the coin look like it was struck at a mint that didn’t strike cents in 22, which is cool. A clearly visible but weak mintmark lacks that coolness factor, so should logically be valued differently. Doesn’t really matter what we call any of them.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Here's a weak D...
when did PCGS stop designating No D weak reverse and start calling all weak reverses Weak D even if not visible?
That's an awful looking coin. I'd hate to tell anyone that I paid $7200 for it.
+1. And I would certainly like to think that those spots grew on there after the encapsulation and the bean.
RIP Mom- 1932-2012
Looks a bit more like circulation damage than a "weak" D
"When they can't find anything wrong with you, they create it!"
I was watching the auction and I thought exactly the same thing as the OP.
An authorized PCGS dealer, and a contributor to the Red Book.
What are people seeing in the coin to justify a $7200.00 price?
I don't get it .
Pete
Here is its previous sale at $3,840.
https://coins.ha.com/itm/lincoln-cents/1922-d-1c-weak-d-ms64-red-pcgs-cac-pcgs-3112-/a/1348-3688.s?ic4=ListView-Thumbnail-071515
And it sold back in May of 2005 for $5.750.
https://coins.ha.com/itm/lincoln-cents/1922-d-1c-weak-d-ms64-red-pcgs-1922-no-d-cents-in-full-mint-red-are-virtually-unheard-of-and-may-require-a-second-mortgag/a/372-5578.s?ic16=ViewItem-Auction-Archive-PreviousPricesHeritage-081514
And no, I do not understand any of these prices.
TD
Well, on the bright side of it, the seller’s gotta be happy.
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014