That AU58 coin was also found recently. (About 2 years ago)
A dealer actually found that coin in circulation.
I have looked at that coin for the last 9 months in it's PCGS slab, and just couldn't get myself to pull the trigger at the price the dealer wanted for it....and ALL cash to boot.
Resurrected thread. Anybody seen this coin recently? Stewart wanted to pay $110k back then for it. My guess in looking at the pops is that it is the 64+ coin that is the second finest known and it has a CAC bean.
“I believe in intuitions and inspirations. I sometimes feel that I am right. I do not know that I am. When two expeditions of scientists, financed by the Royal Academy, went forth to test my theory of relativity, I was convinced that their conclusions would tally with my hypothesis. I was not surprised when the eclipse of May 29, 1919, confirmed my intuitions. I would have been surprised if I had been wrong.”
“Then you trust more to your imagination than to your knowledge?”
“I am enough of the artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein- quoted in Saturday Evening Post interview (1929)
Here is the last write up I found on it from 2008 Heritage auction:
The Tremonti 1969-S Doubled Die Cent, MS64 Red
1969-S 1C Doubled Die MS64 Red PCGS. FS-028. In The Cherrypickers' Guide to Rare Die Varieties, Bill Fivaz and J.T. Stanton use a system of stars to assess demand for different varieties, ranging from one star for low-demand, minor variants to a stated high of five stars for bold and popular oddities such as the 1955 doubled die cent. The 1969-S Doubled Die Obverse listing shows six stars.
This important, interesting, and generally unavailable variety has one of the most surprising backgrounds in 20th century American numismatics. As described in several publications, counterfeit doubled die cents dated 1969 had appeared, and government agents confiscated any examples it came across. The legitimate 1969-S doubled die pieces were caught up in this dragnet; Fivaz and Stanton report that the coins were later authenticated by the Mint and returned, while Lange's The Complete Guide to Lincoln Cents states that the Mint destroyed at least a few of the S-mint coins. That early excitement greatly increased the notoriety of the 1969-S doubled die coins, though the population of survivors remains excessively low.
The piece offered here, however, has no such story of confiscation and redemption. In fact, its history is essentially blank until October 3, 2007, when collector Michael Tremonti discovered the coin in a heretofore-unsearched roll of 1969-S cents. As related by Ken Potter in a report for the October 29, 2007 edition of Coin World, the noted numismatist was understandably skeptical: " ... I just assumed that his find was one of the exceedingly common examples of strike doubling found on this date. ... I advised [Tremonti] of this, but he shrugged it off as not being what he found."
While Potter agreed to examine the coin, he was not expecting to find an actual doubled die: "Even though [Tremonti] sounded like he knew what he was talking about, I was still prepared to find an example of strike doubling. To my surprise, what I beheld was a Brilliant Uncirculated example of the 1969-S Lincoln, Doubled Die cent."
Interest in the 1969-S Doubled Die cents has increased dramatically in recent years, and prices have skyrocketed in tandem. A recent sale by Bowers and Merena included an MS64 Red and Brown example, which sold for $85,100, the current high price for this issue. Collector and dealer speculation has suggested that this representative might set a new record at auction. Among the authorities who have brought up the possibility is David Hall, one of the co-founders of certification service PCGS. His commentary, as printed in the November 13, 2007 edition of Numismatic News: "I was totally amazed that this coin could turn up out of nowhere. The coin is completely original and full mint red. ... What an incredible find! This could be a six-figure coin."
The shining surfaces of this important cent are fresh copper-orange with a triangular area of peach-umber behind Lincoln's head. The strike is crisp, and the peripheral elements of the obverse show this variant's characteristic doubling, with the effect most prominent at LIBERTY and the date. Though a handful of marks are present in the fields, the devices are attractively preserved, and the overall effect is tantalizingly close to an even finer designation.
The combined certified populations of NGC and PCGS show just three Choice 1969-S Doubled Die cents as the highest-graded examples, all of which were certified by the latter firm (12/07). One was graded as Red and Brown, while the other two (including the present piece) were graded as Red. This recent discovery, at the acme of desirability for this challenging doubled die, presents an important opportunity for the series specialist.(Registry values: P1)
Coin Index Numbers: (NGC ID# 22GJ, PCGS# 2923, Greysheet# 2368)
Comments
60 years into this hobby and I'm still working on my Lincoln set!
I will pay $110,000 for this 69 S DDO sight unseen !
Stewart Blay
<< <i>I will pay $110,000 for this 69 S DDO sight unseen !
Stewart Blay >>
Sell!
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>I will pay $110,000 for this 69 S DDO sight unseen !
Stewart Blay >>
That means it's worth $150K.
Russ, NCNE
<< <i>
<< <i>I will pay $110,000 for this 69 S DDO sight unseen !
Stewart Blay >>
That means it's worth $150K.
Russ, NCNE >>
More like 175K!!!
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
A dealer actually found that coin in circulation.
I have looked at that coin for the last 9 months in it's PCGS slab, and just couldn't get myself to pull the trigger at the price the dealer wanted for it....and ALL cash to boot.
The coin is graded properly at AU58.
A neat example in any case.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
Resurrected thread. Anybody seen this coin recently? Stewart wanted to pay $110k back then for it. My guess in looking at the pops is that it is the 64+ coin that is the second finest known and it has a CAC bean.
Another 1969 S DDO just popped up on another forum, it was a circulation find in the AZ. area.
These are subject to counterfeiting, right?
“I believe in intuitions and inspirations. I sometimes feel that I am right. I do not know that I am. When two expeditions of scientists, financed by the Royal Academy, went forth to test my theory of relativity, I was convinced that their conclusions would tally with my hypothesis. I was not surprised when the eclipse of May 29, 1919, confirmed my intuitions. I would have been surprised if I had been wrong.”
“Then you trust more to your imagination than to your knowledge?”
“I am enough of the artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein- quoted in Saturday Evening Post interview (1929)
Yes, I think they are all subject to counterfeiting.
Here is the last write up I found on it from 2008 Heritage auction:
The Tremonti 1969-S Doubled Die Cent, MS64 Red
1969-S 1C Doubled Die MS64 Red PCGS. FS-028. In The Cherrypickers' Guide to Rare Die Varieties, Bill Fivaz and J.T. Stanton use a system of stars to assess demand for different varieties, ranging from one star for low-demand, minor variants to a stated high of five stars for bold and popular oddities such as the 1955 doubled die cent. The 1969-S Doubled Die Obverse listing shows six stars.
This important, interesting, and generally unavailable variety has one of the most surprising backgrounds in 20th century American numismatics. As described in several publications, counterfeit doubled die cents dated 1969 had appeared, and government agents confiscated any examples it came across. The legitimate 1969-S doubled die pieces were caught up in this dragnet; Fivaz and Stanton report that the coins were later authenticated by the Mint and returned, while Lange's The Complete Guide to Lincoln Cents states that the Mint destroyed at least a few of the S-mint coins. That early excitement greatly increased the notoriety of the 1969-S doubled die coins, though the population of survivors remains excessively low.
The piece offered here, however, has no such story of confiscation and redemption. In fact, its history is essentially blank until October 3, 2007, when collector Michael Tremonti discovered the coin in a heretofore-unsearched roll of 1969-S cents. As related by Ken Potter in a report for the October 29, 2007 edition of Coin World, the noted numismatist was understandably skeptical: " ... I just assumed that his find was one of the exceedingly common examples of strike doubling found on this date. ... I advised [Tremonti] of this, but he shrugged it off as not being what he found."
While Potter agreed to examine the coin, he was not expecting to find an actual doubled die: "Even though [Tremonti] sounded like he knew what he was talking about, I was still prepared to find an example of strike doubling. To my surprise, what I beheld was a Brilliant Uncirculated example of the 1969-S Lincoln, Doubled Die cent."
Interest in the 1969-S Doubled Die cents has increased dramatically in recent years, and prices have skyrocketed in tandem. A recent sale by Bowers and Merena included an MS64 Red and Brown example, which sold for $85,100, the current high price for this issue. Collector and dealer speculation has suggested that this representative might set a new record at auction. Among the authorities who have brought up the possibility is David Hall, one of the co-founders of certification service PCGS. His commentary, as printed in the November 13, 2007 edition of Numismatic News: "I was totally amazed that this coin could turn up out of nowhere. The coin is completely original and full mint red. ... What an incredible find! This could be a six-figure coin."
The shining surfaces of this important cent are fresh copper-orange with a triangular area of peach-umber behind Lincoln's head. The strike is crisp, and the peripheral elements of the obverse show this variant's characteristic doubling, with the effect most prominent at LIBERTY and the date. Though a handful of marks are present in the fields, the devices are attractively preserved, and the overall effect is tantalizingly close to an even finer designation.
The combined certified populations of NGC and PCGS show just three Choice 1969-S Doubled Die cents as the highest-graded examples, all of which were certified by the latter firm (12/07). One was graded as Red and Brown, while the other two (including the present piece) were graded as Red. This recent discovery, at the acme of desirability for this challenging doubled die, presents an important opportunity for the series specialist.(Registry values: P1)
Coin Index Numbers: (NGC ID# 22GJ, PCGS# 2923, Greysheet# 2368)
Weight: 3.11 grams
Metal: 95% Copper, 5% Zinc