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2004p DDO Peace Medal 5c ??? Rare or not??

ManorcourtmanManorcourtman Posts: 8,026 ✭✭✭✭✭
Anyone else read the article in this weeks Coin World? Do you nickel guys think it is rare and how many do you think are out there based on current life of modern dies? Has anyone started looking for them yet?? Any expert insight is appreciated.

Comments

  • RampageRampage Posts: 9,450 ✭✭✭✭✭
    Remember the Roosevelt 2004-P DDO? Turned out to be a clashed die. Will this be the same? I have not read the article, but have the mag around here somewhere.

    If in fact it is a DDO, then I think there will be plenty to go around such as the 1995-P DDO cents. Folks payed $200 or better when they were first discovered, but then there were more and more and more.

    At the current striking rate, there will probably be tens of thousands of them, in my opinion.
  • ManorcourtmanManorcourtman Posts: 8,026 ✭✭✭✭✭
    The pics clearly show split serifs on the 2 and 4....I do not know the technical terms so I will wait for the experts to explain it. But seems legit at this point.
  • cladkingcladking Posts: 28,654 ✭✭✭✭✭
    It's tough to say if it will be rare and if so in what grade. A great deal will depend
    on whether or not the mint caught this or the die produced a full run. Even if there
    are a half million or more of these it wouldn't be surprising if the vast majority have
    already escaped into circulation or will.

    It's very unlikely that it will be truly rare and paying a large premium to own one early
    may or may not be a good idea. Remember even today there are not large numbers of
    collectors who collect varieties so it will not take a large number to satisfy current de-
    mand. By the same token there are sometimes lots of people who desire these coins
    early on and there is hardly a certainty that they will be common.

    Time will tell.
    Tempus fugit.
  • When i worked for Perth Mint, we had problems with Clashed Dies, Single punch like they use today makes it hard to get a DD , so when a Die Clash it places a small hold mark that keeps the coin inplace so 100 to 300 coins will be DD but the first 50 will show double face till the imprint wears down.

    Confusedimagesorry
  • They have pictures and related notes from Ken Potter, Billy Crawford, and Jason Taylor saying that it is a double die. 2004-P Double Die
  • It single press and the dies clashed,the coin gets pressed twice dew too the clashing that damage the dies with high points being marked by low points so the coin stays seated and not ejected, there not much of a error as this is very common.

    If you want the good error, get the first 50 as the more it press the less the error,also with some of those coins that were in the photo, they look like the dies were dusty and impress dust marks


  • coppercoinscoppercoins Posts: 6,084 ✭✭✭
    The coin is without question a doubled die, I saw detailed photos of it. Whether or not it is rare is a question that only time will be able to answer. With the coin being a half-year type and the supposed factor that doubled dies are impossible (yet this one definitely exists), I would have to say that the demand for such an item will be quite high. I expect opening bell prices in the mid-three digit range for 64-66 specimens, much MUCH higher for anything that surfaces in the 67-68 category - over a thousand will likely be given if one surfaces. If they are found to be rather common (full die life) like the 1995 DDO cent, prices should settle around $50-$100 in 63-66, $300-$600 in 67-68...remembering that so far it has been observed that high grade 2004 nickels are exceedingly difficult to obtain, doubled die or not.

    Three factors will make this one steep...it is new, it wasn't supposed to be able to happen, and it's a single year type. Once it's not new any more, that factor will wear off.
    C. D. Daughtrey, NLG
    The Lincoln cent store:
    http://www.lincolncent.com

    My numismatic art work:
    http://www.cdaughtrey.com
    USAF veteran, 1986-1996 :: support our troops - the American way.
    image
  • RampageRampage Posts: 9,450 ✭✭✭✭✭
    Okay-I read the article and see it is for sure a DDO. However, I still stand by what I said. I think that in the beginning, it will be worth lots more than a few months or years down the road.

    Of course, it is just my opinion. I just keep remembering today's mintage figures and the 1995 DDO cents.
  • lordmarcovanlordmarcovan Posts: 43,530 ✭✭✭✭✭
    Maconlot- you worked for the Perth mint? That's pretty cool!

    Speakin' of Aussie coins, (if y'all will accept my apologies for straying slightly off topic), what do you think of the rotated Aussie 10-cent piece I just found in a ten-cent bulk lot?

    image

    I understand the tailfeathers on these indicate the mintmark, right? And somebody told me there was a second error on the tailfeathers of this coin?

    image

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.

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