RECORD PRICE - Stacks on 11/2/10 for this 1942 J-2059 Black plastic pattern. Sold for $27,600.
oreville
Posts: 11,772 ✭✭✭✭✭
No, I was NOT even close to winning this one!
Item Description as per Stacks:
1942 pattern cent. J-2059, P-unlisted. Rarity-7-. MS-61 (NGC).
Black plastic. Plain edge. Deep ebony color throughout with the devices firmly impressed on Liberty and the wreath, other areas a bit shallow in strike as this curious planchet choice was employed for coinage. The mint was desperate to find any substitute for the copper cent, as all copper was in great need for the war effort to make shells and whatnot. A mix of planchet choices were struck in an attempt to find any substitute that would work, of course the mint finally settled on a zinc coated steel planchet to make the famed 1943 white pennies. It is likely that a black plastic coin like this was too light weight to be practical and not durable enough to withstand continued circulation, but here is an example of just how far the mint was willing to go to find a suitable substitute for copper. A rarity with perhaps 9-12 known of this planchet stock.
From the Tim Benford Collection.
Realized price $27,600. This is MORE than TRIPLE the previous high prices! I was blown out of the water.
Item Description as per Stacks:
1942 pattern cent. J-2059, P-unlisted. Rarity-7-. MS-61 (NGC).
Black plastic. Plain edge. Deep ebony color throughout with the devices firmly impressed on Liberty and the wreath, other areas a bit shallow in strike as this curious planchet choice was employed for coinage. The mint was desperate to find any substitute for the copper cent, as all copper was in great need for the war effort to make shells and whatnot. A mix of planchet choices were struck in an attempt to find any substitute that would work, of course the mint finally settled on a zinc coated steel planchet to make the famed 1943 white pennies. It is likely that a black plastic coin like this was too light weight to be practical and not durable enough to withstand continued circulation, but here is an example of just how far the mint was willing to go to find a suitable substitute for copper. A rarity with perhaps 9-12 known of this planchet stock.
From the Tim Benford Collection.
Realized price $27,600. This is MORE than TRIPLE the previous high prices! I was blown out of the water.
A Collectors Universe poster since 1997!
0
Comments
be taking a closer look.
Hope all is well on your end my friend~
Go BIG or GO HOME. ©Bill
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
realone: You said:
<< <i>Oreville you must be stoked by the appreciation that you are getting on your investment in them! Congrads....great call...you took the risk...you deserve the reward! >>
Interestingly, any "satisfaction" that you speak of is definitely outweighed by the sadness that I was not able to procure this black plastic pattern at my expected price of around $5000 TO $7000.
...And that my friend realone is the difference between a collector and an investor.
<< <i>Sorry Sir my mistake and won't happen again, somehow gleamed that from our pm's. >>
Oh, don't think it was a pure mistake on your part. It isn't. No one wants to see the value of what coins/patterns/whatever go DOWN after they buy them but when the collector, even investor is still in a buying mode, they don't want to pay sharply higher prices. The natural order of things plus the sadness of being priced out of the set they love to do.
In my view, it is a tug of war between the investor and collector mindset and I believe, to some degree, we all live with that constant tug of war.
It is only when the collector has reached the end of his accumulation phase of his collecting cycle, (whether in late stages of his life and/or retirement or when after completing a set, etc.) is the collector purely hopeful of respectable price appreciation or in the worst case scenario, no depreciation.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>Does this mean that it's in a metal holder? Or, are we going to have to wait for Scotty to invent transparent aluminum? >>
(Speaking directly into the wired mouse): "Computer!"
If you leave it under the light source while taking a photo a bit too long your investment could melt before your eyes!
I am just an old fuzzy bear.
Camelot
AB
have to shake my head. You could put together a really nice set of Flying Eagle and Indian
cents in choice EF condition, and have money left over.
The brown plastic ones are still sometimes available in that range, maybe a bit more. The black one is far rarer, though, which explains the higher price.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
1942 1c J-2067 Bakelite.
1942 J-2067 PCGS/CAC MS-63 (Reiver collection) Formerly NGC MS-63. Pop 1 in all grades. ANR/Stacks June 2006 Lake Michigan & Springdale Collection June 2006 lot 1045 $4,617.00
Bakelite. Plain edge. Reflective deep black bakelite, a plastic like substance that was used for plugs and other electrical items in the 1950s.