First auction appearance of a 1958 Double Die Lincoln cent
STEWARTBLAYNUMIS
Posts: 2,697 ✭✭✭✭
Stacks will auction the ESM specimen 1958 Double Die Lincoln Cent in Baltimore on March 22
during Rareties night.
This is the first auction appearance of this very special Lincoln Cent variety . Even if you are not a player
One should view this coin to see a major doubled Die Lincoln Cent.
This coin is graded Ms 64 red
11
Comments
I'll be watching. Probably a once in a lifetime opportunity for a serious collector with serious money. Coin has a lot going for it with a combination of extreme rarity, dramatic doubling, and mysterious origin.
How can a doubled die this major have a known population of only 3? It is nearly as big as the 1955 doubled die, which has a place in the minds of even non collectors.
I would expect this to fetch $125k, easy. And if we were in a stronger market for Lincoln varieties, which is unquestionably softer than a few years back, even more.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I wish I could bid.
I call $200+
BHNC #203
Cool penny already up to $42,000.00
https://auctions.stacksbowers.com/lots/view/3-9I81X
That will probably end up solely as the buyer's premium.
This coin will certainly hit six figures.... ooops... I should not predict, with my record...
Cheers, RickO
....speculation that these were spirited out of the Mint facility once again, being caught early in the production run and the entire batch destroyed, except for these few examples.
"Keep your malarkey filter in good operating order" -Walter Breen
Stewart, are you going to bid it up (and maybe even buy it) to make the one the description says you own worth more?
Might as well have earrings...
Always thinking of the wife @tradedollarnut
Wow, terrific.
Brace for the "unsearched" 1958 wheat roll fervor on the bay.
Very cool double die!
My YouTube Channel
I ain't touching this thread - last time I posted about the 1958 DDO a flame war broke out and at least 1 member was banned!
I have a few examples I'm hanging onto that just ain't right. I have two DDO quarters too that aren't MD or any of that jazz and I'm waiting for those to be classified.
Some of the same 1953 and 1954 WQ dies must've been reused in 1958 from some notable die cracks on both sides. There was a lot going on in the 50s with a couple denominations.
At the least, it does not have memorial reverse.
Also, why is the date not doubled?
It's a Class V pivoted hub doubled die with a pivot point at or near the date. The doubling fans out from that pivot point resulting in the strongest spread 180 degrees from the pivot point. The 1955 DD cent is a Class I with a pivot point at or near the center and has doubling of equal strength on all elements around the rim.
Cool
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
Explain the area around the date vs the DD portion. Imagine being the line worker on that. Ah late night got me seeing double.
Best place to buy !
Bronze Associate member
I can't wait to see what it brings. Thanks for bringing it to our attention!
Very cool.
Hoard the keys.
Did I read somewhere you own the other two examples?
The weakness of the strike of the "O" and the "PLU" on the reverse of the coin is a major turnoff. As a result I would not bid in this coin.
Just curious. Do either of the other two known examples of this coin have stronger strikes on the reverse than the pictured coin? Or do they all have the strike weakness show on the pictured coin?
is this a dupe for him? why is he selling?
As it should not. The change to the memorial reverse started in 1959.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Not near as neat to me as the 1955. I don't see any doubling in the date.
This coin is an example of Pivoted Hub Doubling or Class V doubling
The 55 and 72 DDO's are examples of Rotated Hub Doubling or Class I doubling.
Just an aside for us Lincoln variety weenies.... The 83 DDR is an
example of Offset Hub Doubling or Class IV doubling
Not to be a total nerd about this but imagine placing 2 coins on top of each other.
If you put an imaginary point or axle right at the center of the coin and rotated the top
coin slightly counter clock wise while holding the lower coin stationary, then placed the top coin back onto the lower coin you would see and example of Rotated Hub Doubling. The most visible rotation is along the perimeter, or farthest from the point of pivot.
Now if you did the same with 2 coins but put the point of contact or axle at say the 3 o'clock position and turned the top coin slightly counter clockwise you would see an example of Pivoted Hub doubling - hardly any movement at the point of contact but the most visible rotation at the "other end" of the coin or the 9 o'clock position. This would be an example of Pivoted Hub Doubling.
Now if you took those same 2 coins and just moved the top coin north or south with no pivot point and then put the top coin down on the lower coin you would see an example of Offset Hub doubling.
Phfttt!
Like nobody knows this?
I still like the 1955 better.
Here's the photo of this coin, the ESM specimen, from PCGS CoinFacts.
http://www.pcgscoinfacts.com/Coin/Detail/92848
It's bid to $50,000 but that's still far below the PCGS Price Guide estimate of $125,000.
Of note, in this photo and the Stack's slab photos a large nick is seen on Lincoln's shoulder, but is hidden on the Stack's large photos. This photo seems to hide the gash in the O of ONE on the reverse while it is more visible on the Stack's large photo.
Here are some detailed information on these coins from PCGS.com articles by Ron Guth and Sam Lukes. Amazing that Stewart was able to pick up a specimen after 20 years!
PCGS Certifies Finest 1958 Doubled Die Obverse Lincoln Cent
Ron Guth - October 6, 2005
https://www.pcgs.com/News/Pcgs-Certifies-Finest-1958-Doubled-Die-Obverse-Lincoln-Cent/
The 1958 Doubled Die Lincoln Cent
Sam Lukes - January 3, 2013
https://www.pcgs.com/News/1958-Doubled-Die-Lincoln-Cent/
^^ Why it's awesome reading your posts here. Thanks for the knowledge.
Wow, fabulous !!!
I have to say it- if I saw these pics of a raw coin on eBay, I would pass as a probable fake. The weakness of strike combined with all of the die polish just look wrong to me.
Obviously I am wrong, because I have not seen the coin(s) in hand. ANACS and PCGS also gave them their slab of approval, and they know and have seen more than me.
But it doesn't have a bean, so why bid?
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Once again, I am safe, and so is my money.
No appeal to me at all, maybe $1 as a curiosity. Even less if the story about mint shenanigans is true.
JRocco -- Not 'nerdy' at all -- very helpful information for those of us who do not often encounter modern-era coins.
If someone wants to put an image of a 69 S Double Die next to the 58 Double Die
You can see how the doubling on the 58 goes left to right
And the 69 S goes right to left
It is very cool !
This auction really has a lot to offer for a Lincoln cent specialist or for someone
Who can see the opportunity
I can tell everyone that DL Hansen will be all over this 58 Double Die
So one will need Serious testicular heft to prevent him from winning this coin
Stewart
I've been waiting for one to come up for auction for nearly two decades. I will be keeping a close eye. Can't wait to battle with Dell Loy!
Stewart, have you given any thought to getting all 3?
Zion’s - Only Tradedollarnut collects earrings and book ends
I collect the finest I can get
The weak "O" on the reverse is common as dirt on Lincoln cents.
Adds to its authenticity.
Bookends?
Did someone write bookends and collecting them in the same sentence?
Great to collect... The craftsmanship, art and design and of course the bronze can be simply amazing... Even Rookwood, one of the premier Pottery companies out of Ohio, made them with an incredible flair.
Experience the World through Numismatics...it's more than you can imagine.
The first example graded (MS64RD) was offered to me for a sealed bid. This was 1995 or so. I bid $25,000. My bid was used against me as the seller was only testing the market. The "Winning": bid was $25,025. It didn't sell for that either, later it sold for $37,500. After the Registry started it quickly became a $200,000 coin in most people's minds.
The registry has made this a monster. It is virtually an unobtainable item. I think it may go above $500,000.
I was reading Stewarts OP remarks, thinking well He probably wants this only to see the auction description (and he already owns the finest known of three) Stewart, you the man
Do you know if the one offered to you is the ESM specimen here, or is it the other (non-pedigreed) MS64RD?
It's interesting that PCGS graded all 3 specimens but only the ESM specimen here has photos on CoinFacts. It would be nice to have photos of all 3 to compare.
Why would Dell want it?