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First auction appearance of a 1958 Double Die Lincoln cent

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Comments

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    hey Blay, maybe it was Andy who made the comments!

  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,667 ✭✭✭✭

    I'd just like to give credit to our own MrEureka who correctly predicted the 280K hammer price during dinner at Barcocina as 5 of us watched the auction on the S-B app.

    Also, the Kung Pao Chicken Tacos were delicious.

  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭

    It was a very exciting sale! The PCGS price was only guess, so using it as a guide was foolish.

    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • DCWDCW Posts: 7,285 ✭✭✭✭✭

    @specialist said:
    The 1943 coppers have sold for over $1 million

    I completely forgot about those! Thanks

    Well, allow me to rephrase:
    Do you know of another Lincoln Cent doubled die that even remotely approached this price point?

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

  • knightemknightem Posts: 125 ✭✭✭

    @specialist said:
    hey Blay, maybe it was Andy who made the comments

    I just spoke with Andy and he said that Pete did quite well on the 55 DDO and 58 DDO but lost on the 69-S DDO. That is the only comment he said he made to one person in the room. So he denies being the “copper dealer” that was previously mentioned making negative comments. Maybe it was another “copper dealer” who made them.

  • @knightem said:

    @specialist said:
    hey Blay, maybe it was Andy who made the comments

    I just spoke with Andy and he said that Pete did quite well on the 55 DDO and 58 DDO but lost on the 69-S DDO. That is the only comment he said he made to one person in the room. So he denies being the “copper dealer” that was previously mentioned making negative comments. Maybe it was another “copper dealer” who made them.

    Interesting...

  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭

    Who could possiblely be negative with the auction results? I think they are very positive for the market. Sounds like typical armchair comments from people who aren’t here.

    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • WashingtonianaWashingtoniana Posts: 278 ✭✭✭

    @CoinRaritiesOnline said:

    Also, the Kung Pao Chicken Tacos were delicious.

    Kung Pao Chicken Tacos?!?

  • KkathylKkathyl Posts: 3,762 ✭✭✭✭✭

    @Zoins agree I would like to see that as well

    Best place to buy !
    Bronze Associate member

  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭

    @JBatDavidLawrence said:

    @specialist said:
    Delloy was not the buyer but he was in a shoot out

    I was privileged to represent Mr. Hansen in the auction and indeed, we lost the coin in a shootout. Congratulations to the winner!

    It goes to show you, when you're collecting a wide variety of coins, there's a limit to what you value any coin, no matter the rarity and the need to fill the hole. It's a fascinating rarity and we were certainly disappointed!

    Looks like I'm going to be tasked with sorting through 1958 Lincoln Cent bags for the next few months... :smile:

    What’s he gonna do when the owner of the 70-S half dime demands $10M....and it’s the last coin left to buy for the set?

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭
    edited March 23, 2018 8:26AM

    This is a cool story:

    .
    .
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    .
    .
    .
    And this one:

    .
    .
    .

  • WashingtonianaWashingtoniana Posts: 278 ✭✭✭

    @tradedollarnut said:

    @JBatDavidLawrence said:

    @specialist said:
    Delloy was not the buyer but he was in a shoot out

    I was privileged to represent Mr. Hansen in the auction and indeed, we lost the coin in a shootout. Congratulations to the winner!

    It goes to show you, when you're collecting a wide variety of coins, there's a limit to what you value any coin, no matter the rarity and the need to fill the hole. It's a fascinating rarity and we were certainly disappointed!

    Looks like I'm going to be tasked with sorting through 1958 Lincoln Cent bags for the next few months... :smile:

    What’s he gonna do when the owner of the 70-S half dime demands $10M....and it’s the last coin left to buy for the set?

    rage quit

  • ilikemonstersilikemonsters Posts: 767 ✭✭✭✭

    @JBatDavidLawrence said:

    @specialist said:
    Delloy was not the buyer but he was in a shoot out

    I was privileged to represent Mr. Hansen in the auction and indeed, we lost the coin in a shootout. Congratulations to the winner!

    It goes to show you, when you're collecting a wide variety of coins, there's a limit to what you value any coin, no matter the rarity and the need to fill the hole. It's a fascinating rarity and we were certainly disappointed!

    Looks like I'm going to be tasked with sorting through 1958 Lincoln Cent bags for the next few months... :smile:

    DeLoy and I have mutual friends. One of them is about as wealthy as DeLoy and involved in coins. He has told me that DL is building a museum to showcase all of his coins when his goal is complete. All of the proceeds will be donated to various foundations. So, for the length he is going to complete his goal, my question would be... why not buy it at any cost? There are only three in existence. If the buyer is smart, he won't sell it.

    @tradedollarnut said:

    @JBatDavidLawrence said:

    @specialist said:
    Delloy was not the buyer but he was in a shoot out

    I was privileged to represent Mr. Hansen in the auction and indeed, we lost the coin in a shootout. Congratulations to the winner!

    It goes to show you, when you're collecting a wide variety of coins, there's a limit to what you value any coin, no matter the rarity and the need to fill the hole. It's a fascinating rarity and we were certainly disappointed!

    Looks like I'm going to be tasked with sorting through 1958 Lincoln Cent bags for the next few months... :smile:

    What’s he gonna do when the owner of the 70-S half dime demands $10M....and it’s the last coin left to buy for the set?

    He'll buy it. I feel like if it's the last coin he needs and somebody asks a stupid outrageous amount of money, it's not really going to be about the money. It would likely be more about the purpose.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    I'll make a prediction that Mr. Loy will eventually own a 1958 DDO cent. As for the 70-S...

  • DMWJRDMWJR Posts: 6,006 ✭✭✭✭✭

    The "Sam" person in the above post makes self serving statements. I have bought just one coin from him and did not have a good experience, nor was he interested in making it right in my eyes. This was when buying coins raw was still fairly common. Just my opinion though. I also recently bought a coin for $15,000 that he tried to sell me over a decade ago for $80,000. So I take that blurb above with a grain of salt.

    Doug
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Insider2 said:
    I'll make a prediction that Mr. Loy will eventually own a 1958 DDO cent. As for the 70-S...

    @DMWJR said:
    The "Sam" person in the above post makes self serving statements. I have bought just one coin from him and did not have a good experience, nor was he interested in making it right in my eyes. This was when buying coins raw was still fairly common. Just my opinion though. I also recently bought a coin for $15,000 that he tried to sell me over a decade ago for $80,000. So I take that blurb above with a grain of salt.

    :'( I'm not Sam! Honest.

  • DMWJRDMWJR Posts: 6,006 ✭✭✭✭✭

    No, I wasn't implying you were him. You don't write like him :smile: He must have sent me 10 emails after that first incident wanting to know why I wouldn't respond to him. He was very dogged and pushy about it.

    Doug
  • CurrinCurrin Posts: 1,520 ✭✭✭✭✭

    What’s he gonna do when the owner of the 70-S half dime demands $10M....and it’s the last coin left to buy for the set?

    He may not seek this coin. Looking at the US Coins Complete Set (1792-1964), this coin is not needed along with the 1973 CC Dime w/ no arrows, 1933 Double Eagle, and 1870s $3. I am not sure why these coins would be excluded from the PCGS complete set, but they are. This will make completing the set much easier.

    My 20th Century Type Set, With Type Variations---started : 9/22/1997 ---- completed : 1/7/2004

    My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    Now the coin grading companies are going to tell folks what makes a complete set? I can see that for those working on a Registry Set but...the rest of us?

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @DMWJR said:
    The "Sam" person in the above post makes self serving statements. I have bought just one coin from him and did not have a good experience, nor was he interested in making it right in my eyes. This was when buying coins raw was still fairly common. Just my opinion though. I also recently bought a coin for $15,000 that he tried to sell me over a decade ago for $80,000. So I take that blurb above with a grain of salt.

    Good thing you waited!

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭



  • specialistspecialist Posts: 956 ✭✭✭✭✭

    what world class collections did he ever build?

  • DMWJRDMWJR Posts: 6,006 ✭✭✭✭✭

    Did he write that himself, or pay someone else to do it?

    Doug
  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    Sam Luke’s is a very good writer ,
    I have bought several coins from Sam including the finest 1969 s DDO graded Ms 65 red
    This coin is not even on the PCGS pop report
    However this article written by Sam Luke’s is not true
    Sam is a lying ,dishonest, untrustworthy man.
    I had two of the three 1958 DDO Lincoln Cents graded at PCGS in California
    I even introduced the man who owned all three coins to David Hall
    There are at least 3 of these coins. I have seen them all.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    Be careful SB, we wouldn't want to lose you. :wink: I'll bet there was a "softer" way to make your point.

  • ilikemonstersilikemonsters Posts: 767 ✭✭✭✭

    @STEWARTBLAYNUMIS said:
    Sam Luke’s is a very good writer ,
    I have bought several coins from Sam including the finest 1969 s DDO graded Ms 65 red
    This coin is not even on the PCGS pop report
    However this article written by Sam Luke’s is not true
    Sam is a lying ,dishonest, untrustworthy man.
    I had two of the three 1958 DDO Lincoln Cents graded at PCGS in California
    I even introduced the man who owned all three coins to David Hall
    There are at least 3 of these coins. I have seen them all.

    On CoinFacts there is an auction record from 1996 for a 1969 S DDO P65 RD. Is that your coin? Or does that mean two are out there in PCGS in the grade which are not in the pop report?

    http://www.pcgscoinfacts.com/Coin/Detail/2923

  • NebuchadnezzarTheGreatNebuchadnezzarTheGreat Posts: 219 ✭✭
    edited March 23, 2018 5:39PM

    deleted

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    I’m still laughing at SB’s “testicular heft” line

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • DMWJRDMWJR Posts: 6,006 ✭✭✭✭✭

    @ilikemonsters said:

    On CoinFacts there is an auction record from 1996 for a 1969 S DDO P65 RD. Is that your coin? Or does that mean two are out there in PCGS in the grade which are not in the pop report?

    http://www.pcgscoinfacts.com/Coin/Detail/2923

    Interesting that only the 63's have pics up, but the "obverse detail" photo is from a 64red.

    Doug
  • RonyahskiRonyahski Posts: 3,117 ✭✭✭✭✭

    A PCGS Registry flash in the pan. And a butt ugly coin.

    Some refer to overgraded slabs as Coffins. I like to think of them as Happy Coins.
  • seanqseanq Posts: 8,650 ✭✭✭✭✭

    The part of the story left out of Sam’s $25,025 selling price for the ‘58 DDO , which others have shared here before, also does not paint him in a favorable light. I made one attempt to buy coins from him 25 years ago, which I would characterize as frustrating and fruitless.

    Sean Reynolds

    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    ilikemonsters- the Pcgs 65 red on CoinFacts was downgraded to
    ms 64 r/b

  • mannie graymannie gray Posts: 7,259 ✭✭✭✭✭

    The only business I have transacted with Sam Lukes was as a seller of very hard to find Washington Quarter varieties, and he paid fast and the check was good.
    That's all I can add to this thread, other than I thought the 58 DDO would come close to $400k.

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