1969-S DDO MS RD found i Rick posted the coin for sale

Clackamas1

I just got Ricks newsletter and apparently a guy in AZ found in an OBW roll a 69-S DDO. That is a Big big YOU SUCK as Russ would say. Wow what a great in the wild find.
Here is Rick's link with the story.

https://www.indiancent.com/1969-s-1c-doubled-die-obverse-ddo-fs-101-lincoln-cent-modern-type-3-memorial-reverse-copper-pcgs-223438594.html

MFeld

Congratulations to the person who found it. And at the current asking price of $150,000, at least it’s priced a little bit less than (double) the PCGS price guide value of $77,500.😉

DCW

Seems like every few years someone "finds" one of these in a roll.
Cynics like me think someone "found" an entire roll of them, and they're being dispersed slowly over the years. But that is just conjecture.
Around 100 known now? I wouldn't touch this thing for six figures.

MFeld

@DCW said:
Seems like every few years someone "finds" one of these in a roll.
Cynics like me think someone "found" an entire roll of them, and they're being dispersed slowly over the years. But that is just conjecture.
Around 100 known now? I wouldn't touch this thing for six figures.

Heritage has auctioned a few of these and the ones I’m aware of were consigned by different people who discovered them.

DCW

@MFeld said:

@DCW said:
Seems like every few years someone "finds" one of these in a roll.
Cynics like me think someone "found" an entire roll of them, and they're being dispersed slowly over the years. But that is just conjecture.
Around 100 known now? I wouldn't touch this thing for six figures.

Heritage has auctioned a few of these and the ones I’m aware of were consigned by different people who discovered them.

I believe you.
It's just strange how these have been popping up so often now. Same with the 1970-s DDO. Known by the handful and then bam, eBay at times has 5 of them at once.

MFeld

@DCW said:

@MFeld said:

@DCW said:
Seems like every few years someone "finds" one of these in a roll.
Cynics like me think someone "found" an entire roll of them, and they're being dispersed slowly over the years. But that is just conjecture.
Around 100 known now? I wouldn't touch this thing for six figures.

Heritage has auctioned a few of these and the ones I’m aware of were consigned by different people who discovered them.

I believe you.
It's just strange how these have been popping up so often now. Same with the 1970-s DDO. Known by the handful and then bam, eBay at times has 5 of them at once.

I can understand your skepticism. Regardless of whether it’s correct, it’s certainly reasonable.

1madman

Didn’t someone in another post say ~20 of these have already and will be coming to auction in the near term? Prices should suffer accordingly. Not sure where Rick Snow is coming from with that price.

BANNED

@DCW said:
Seems like every few years someone "finds" one of these in a roll.
Cynics like me think someone "found" an entire roll of them, and they're being dispersed slowly over the years. But that is just conjecture.
Around 100 known now? I wouldn't touch this thing for six figures.

Yeah, way better value in some classic coins with less than 100 known.

Mr Lindy

Several 69S DDO #1 daylighted in this thread from late last year, put away years ago...

Enjoy !

https://forums.collectors.com/discussion/comment/13818108#Comment_13818108

FlyingAl

Nothing in that article to suggest the coin was a OBW roll find. The opening statement was "It’s the coin roll find of a lifetime! The ultimate find of a circulation coin you could hope for".

I take that to mean it could have been found in a roll, but was probably found in a different way.

OBW coins also have the tendency to be from the same die pair, so he would have likely found more than one if it was OBW.

Robot1010

https://www.coincommunity.com/forum/topic.asp?topic_id=477681

segoja

One of the most awesome Modern Coins. I've handled 5-6 of these, and one of the first rare coins I ever sold.....A rattler AU58 back around 1990.

renomedphys

I wonder how this coin’s value will fare over time. I think if all things were equal other than the date, an 1869 DDO with only 100 known wouldn’t command a 6 figure price. Maybe I’m wrong. Rick just sold the very best available 1888/7 for just north of $80k and I think the rarity is similar.

Maywood

I don't think in assessing value based on extant numbers that anyone is considering the number of collectors who find such a coin desirable, its popularity if you will. That might be the key determinant in value.

BANNED

@Maywood said:
I don't think in assessing value based on extant numbers that anyone is considering the number of collectors who find such a coin desirable, its popularity if you will. That might be the key determinant in value.

Agreed. Everything is ultimately supply and demand. For my money though, you can get 19th century gold issues (and silver) with less than 100 known for far less money.

Maywood

DCW

The 1969-s doubled die has a cool story. It involves the Secret Service confiscating (and later destroying) genuine examples from collectors early in the discovery. Apparently, there were some cast counterfeit 1969 doubled dies made to look like they came out of Philadelphia and the SS just threw the real San Francisco versions into the same category.
That brought big interest and mystique to this variety, and the story made people think perhaps most were destroyed. That is false. Scarce as it is, it isn't some major rarity that should command 6 figures in my opinion. The numbers have certainly increased over the years.
It is indeed a major doubled die, though, just as big as the 1972 ddo. I'd love to find one in the wild!

Goldminers

There is a nice-looking circulated example, without spots, at GC with a CAC sticker up for auction.