1999 Type 2 Lincolns
KenzoT
Posts: 307
Has anyone else noticed that in the last year or so since PCGS started certifying the 1998, 1999, and 2000 type 2 reverse cents, the initial population of the 1999 was about 15 in all grades after a few months. In the past year the population has grown to 16 in all grades. Rare?
Now, I will give you a little history of my experience with the 1999 type 2 cent.
When I learned of the 2000 type 2 cents, and the possibility of a 1998 type 2 cent, I started watching E Bay and started buying. I was willing to pay $10 for a 2000 and $15 for a 1998. The 1999 was only a rumor.
One day a set of 1998, 1999, and 2000 type 2 cents showed up on E Bay. I think the set sold for about $200. I E Mailed the winner asking if the 1999 was actually a type 2 and never got a response.
So, the actual existance of the 1999 type 2 was still up in the air.
One day I got my NUMISMATIC NEWS and there under the "Varities" catagory was an offer for 1999 type 2 cents, BROADSTRUCK, for $15 each. Being a little leary, I only ordered 2.
Much to my surprise, I was looking at two slightly broadstruck 1999 type 2 cents. THEY DID EXISTS! Two of these coins showed clearly clashed dies also.
I immediately sent a large check and requested all he had. I got back one other 1999 type 2, broadstruck and 2 2000 type 2, broadsrtuck with a note explaining he only had 10 more 1999 broadstruck and 10 more 2000 broadstruck cents he was going to keep for his daughter. Fair enough!
Later, someone advertised 1999 type 2 cents for $30 each. I ordered all I could again. I ended up with 3 of those.
Of the 6 I have owned, three are PCGS graded, one MS67 (top pop, tied with 3 others), one MS65, and one MS64.
Of the broadstruck coins, one is ANACS MS66, and the other two are MS65. I SOLD the worst of the two for $199 on E Bay a long time ago. DOHHHHHHHHH!
Anyway, the guy I bought the regular 1999 type 2's from also stated he had 10 left and was not going to sell them.
So, I know of at least 20 more 1999 type 2 cents in existance, but where are the rest?
I put forward the theory that the 1999 type 2, proof reverse die was put into duty and quickly either lost the die collar, clashed dies and broadstruck until the operator saw it and removed it. This would account for the seemingly rarity of this variety.
Comments?
Ken Potter, I'd love to hear you opinion.
Now, I will give you a little history of my experience with the 1999 type 2 cent.
When I learned of the 2000 type 2 cents, and the possibility of a 1998 type 2 cent, I started watching E Bay and started buying. I was willing to pay $10 for a 2000 and $15 for a 1998. The 1999 was only a rumor.
One day a set of 1998, 1999, and 2000 type 2 cents showed up on E Bay. I think the set sold for about $200. I E Mailed the winner asking if the 1999 was actually a type 2 and never got a response.
So, the actual existance of the 1999 type 2 was still up in the air.
One day I got my NUMISMATIC NEWS and there under the "Varities" catagory was an offer for 1999 type 2 cents, BROADSTRUCK, for $15 each. Being a little leary, I only ordered 2.
Much to my surprise, I was looking at two slightly broadstruck 1999 type 2 cents. THEY DID EXISTS! Two of these coins showed clearly clashed dies also.
I immediately sent a large check and requested all he had. I got back one other 1999 type 2, broadstruck and 2 2000 type 2, broadsrtuck with a note explaining he only had 10 more 1999 broadstruck and 10 more 2000 broadstruck cents he was going to keep for his daughter. Fair enough!
Later, someone advertised 1999 type 2 cents for $30 each. I ordered all I could again. I ended up with 3 of those.
Of the 6 I have owned, three are PCGS graded, one MS67 (top pop, tied with 3 others), one MS65, and one MS64.
Of the broadstruck coins, one is ANACS MS66, and the other two are MS65. I SOLD the worst of the two for $199 on E Bay a long time ago. DOHHHHHHHHH!
Anyway, the guy I bought the regular 1999 type 2's from also stated he had 10 left and was not going to sell them.
So, I know of at least 20 more 1999 type 2 cents in existance, but where are the rest?
I put forward the theory that the 1999 type 2, proof reverse die was put into duty and quickly either lost the die collar, clashed dies and broadstruck until the operator saw it and removed it. This would account for the seemingly rarity of this variety.
Comments?
Ken Potter, I'd love to hear you opinion.
0
Comments
been saved consistently for many years, it was a very tiny percentage of the mintage
in 1999. Even if there were a million and a half made there would be a tiny percentage
of this number saved. And mere chance could reduce the number much further because
of the way coins are released now days. The small number of collectors even today
would serve to limit the number being sent in for grading.
Those coins which did hit circulation have an incredible attrition rate as the cent has no
real value so is discarded by many people.
How about the die state on your examples. Do any exhibit much die wear?
It is entirely possible that a single die struck all examples and was short-lived.
All the ones I've seen (eight, to be exact) have had similar die clash characteristics, and have had similar die wear (virtually nil). Seems to support your theory.
Here's a warning parable for coin collectors...
I found,a1999 typ II cent,in my pocket.
Had the coin graded(pcgs),came back a 64 RD.No clash marks on that one.
Sold it on E-bay,I did good.
">"http://www.cashcrate.com/5663377"
You can read about it on Ken Potter's site.
Here's a warning parable for coin collectors...
There are 109 1998 TY IIs and 50 2000 TY IIs at NGC
09/07/2006
I think you have half the puzzle and cladking has the other half.
I was an underbidder on a three-date set a while ago on eBay but think it was a different one than you mention...different winning bid. The one I bid on was DEFINITELY a T2 1999.
How much do you want for your MS67RD???
Manorcourtman,
I'm reasonably certain I know what date you speak of...although I think it is tied with at least two others at that level of rarity.
RELLA
who boasts of twenty years experience in his craft
while in fact he has had only one year of experience...
twenty times.
<< <i>I believe this is the 2nd rarest variety in the last 10-15 years. >>
So what's the rarest? The 1992-D Close AM, or the 1990 Proof no S?
Here's a warning parable for coin collectors...
Manorcortman,It's true,"In my pocket".
I've been looking for another,ever cents
What blew my mind was,it came back 64RD after being in change.
Guess i'm just lucky.
Brian
I never really followed the 90 no S. How many have they estimated there to be? The 92d Close AM......??? I've heard 6 but only can confirm 4. I suppose it's a mystery much like the 99 WideAM. I often wonder if the 92d will ever get the coverage it deserves. It is the rarest modern variety in my opinion.
A 99 Wide AM found in change......you guys are lucky.....and you suck if I may say that!!
Rella, it's not for sale. Gonna sit on all I have left and keep looking for more.
How about if I throw in a MS66RD (PCGS) and a big fat pile of cash to help out your future hoarding???
RELLA
who boasts of twenty years experience in his craft
while in fact he has had only one year of experience...
twenty times.
I,d take that deal Kenzo fi wer u.
btw, how big a fat pile we talkin`.
Not for sale or trade.