EDIT- Answered
CRH4LIFE
Posts: 849 ✭✭✭✭
Hey everyone so whenever you find a double die variety. Either a best of or nice attribution. Do you just throw them in flips or would you send them off to get slabbed?
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It depends on the variety. Just because a coin has a doubled die doesn't necessarily mean it has value. The cost of grading, postage, and attribution by one of the major grading services can exceed $75 for a single coin, so if the value doesn't meet or exceed that, it wouldn't be worth the extra $, even for one you cherrypicked cheap or found in circulation for face value.
An example the 1972 Lincoln cent. There are more than 10 known doubled die obverses known for that year. Only 2 of them command a high premium (Dies 1 and 4). The others, though they can be quite spectacular, don't. A die 3, for example, can be had in MS63 - MS64 RED for $15 - 25 slabbed. So, it wouldn't make sense to spend $75 to get one certified unless you had a bulk deal with the grading company and could get a massive discount.
For those kinds of coins, I put them in a 2X2 and enjoy them as they are. If I were to cherrypick or find a 1972 DDO-001 or DDO-004, they would be sent in for grading, as either one can be worth a lot of money, even circulated.
For me, slabbing any coin depends on value relative to cost. For doubled dies, its grade, whether I intend to sell or keep, how many of the that DD that I may already own, whether it fits into or upgrades a specific subset I collect , (EX. 1930 Buffalo nickels, there are many different.) Duplicates usually are usually put up for sale so they go into something temporary.
I would only send in significant DD's... i.e. 1955...the good one. I would never bother with the minor ones that need magnification to see....Cheers, RickO
Note, for future reference:\
It is doubleD die.
Not double die.
BHNC #203
Awesome feed back. Will certainly take all of the advice given. Also it would make much more sense to only slab significant coins. I'm not much of a seller. Collector most certainly. Noted thanks treasure!
There are many DoubleD die varieties that do not carry a large premium, not worth slabbing
BHNC #203
Minor double dies are strictly "cherry-picker" material and "cherry-pickers" don't pay premiums, they "cherry-pick".
Don't waste money on having them attributed or slabbed unless they is certainty of getting a big premium when sold.
Would it help the OP if members mentioned some of the doubled die and modern overdate (hub doubling) coins that might benefit from authentication and grading?
The 1901 DDR is definitely one you should send in for authentication.
If when raw it's worth $200, then consider grading. Under that, noway.
bob
My fingers are crossed on a 1901 that I've got coming... it will be my biggest score to date.
Nice coin btw. Holy smokes.
That $75 would only be if you sent it regular and by it'self. Send them in groups and economy for a LOT less.
All of your comments are extremely helpful you guys are awesome!! Thank you so much and wow... very nice coin