Cent specialist - why such low value on 36 DDO #1

Windycity · February 12, 2005 5:57AM

Just looking at the pop reports and the 36 ddo #1 is very low and yet a when you compare it to the 69 s ddo or even the 72 ddo, the value is very low. The doubling is strong. I don't get it. I'm also a bit bummed that the one I found in what I thought was an original roll was a cleaned coin (apparently most of the coins in the roll were cleaned). It is now in a NCS holder say improperly cleaned and unc detail.

ajc · February 12, 2005 9:18AM

I would say that the others are known by many more people and thus there is a bigger demand. You also have to take into consideration how many coins were made that year some 309 million. The price is so low on both of them, I doubt hardly anybody even looks. If they were to look, there would probably be quite a few more found driving the population numbers up. But I am not a specialist

RBinTex · February 12, 2005 9:50AM

IMHO, the 36 DDO #1 has ALOT going for it:

It is a much needed coin in the PCGS Lincoln Cents with Varieties Circulation Strikes (1909-1958) REGISTRY SET.
There are just 33 certified in ALL grades by PCGS!

In fact, this has the ABSOLUTE LOWEST PCGS TOTAL POP of ANY coin required in this registry set - BAR NONE!

Just FYI: Other Doubled Die/Variety Total Pops Of Coins Required In This Registry Set Are:

1909-VDB (DDO) 41, 1917 (DDO) 42, 1922 No D Strong Reverse 1,960, 1941 (DDO) 59, 1943-D/D 100, 1944-D/S 135, 1955 (DDO) 2,104

I do think you might be surprised to know the values recently realized over the last year or two.

An MS64RB sold on Ebay by shortsleeved (Louis Mo) for around $3,550. He ripped it from DLRC for about $1,550 & got it to cross from an NGC holder at the same grade.

We made the following 4 coins as well as most of the VG-VF's in the pop report & about half the XF's:

The first AU coin, an AU55 sold on eBay in about 5 minutes for $1,250.
The second AU coin, an AU53 sold privately about a few weeks later for $1,250 also.
The XF45 sold for $499.99.
An XF40 sold a month or so later for $549 & a year or so earlier for $650 (same coin we repurchased from the same person we sold it to after providing them an upgrade to the AU53 for $1,250)

A VF35 sold for $299, a VF30 sold for $249, & a VF25 sold for $199, a some F12-15's sold for about $99-149 over the last year or so.

Granted it seems unappreciated in the lower grades but holds its' own as you approach the higher grades.

Just my 2 cents.

Edited to add: don't forget that the lone MS67RD went for OVER 30k last year at the St. Louis Silver Dollar Show and MS66RD's regularly go for over 10k.

Windycity · February 12, 2005 9:54AM

I appreciate the report. The coin I have, if not for a poor attempt at cleaning, is a 64. As is, cleaned with Unc detail. I guess I'll hold on until more people become interested in this variety.

Thanks!

clackamas · February 12, 2005 10:08AM

Also compare it to the 1917 DDO which has gone for equal moon money as the 69S DDO. Perception is reality I guess. I picked up a 36 DDO #1 a couple of years ago as a VF and paid $75. If they are going for $200 now then I think they have moved nicely.

STEWARTBLAYNUMIS · February 14, 2005 11:27PM

Windy City - A 1936 DDO Type 1 in ms 65 red will sell for $3,500.A 1972/72 DDO will sell for $600 in ms 65 red.A 1936 DDO Type 1 will sell for $10,000+ in 66 red.A 1972/72 DDO will sell for $1,000+ in ms 66 red

Clakamas -(Brian) A 1917/1917 DDO will sell for between $15,000 to $20,000 in ms 65 red.I've been offered $200,000 for a 1969 DDO in ms 65 red.Where is the comparison ?

In my opinion a 1917 DDO and a 1936 DDO Type 1 should have the same value.I also see better doubling on the 1936 DDO Type 1 as compared to the 1917 DDO.

Stewart

Windycity · February 15, 2005 2:57AM

Stewart,

How about in lower grades... XF, AU? Or in my case, Unc details, improperly cleaned?

Windycity

RBinTex · February 15, 2005 3:24AM

Stewart,

As usual

I agree with EVERYTHING you say but this time, with the exception of

"A 1936 DDO Type 1 in ms 65 red will sell for $3,500"

I truly think the levels on these have snuck up significantly over the last year or so. As I mentioned, a 64RB sold on eBay for about that amount. I'd gladly pay $3,500 for as many 65RD's as I can get my hands on.

clackamas · February 15, 2005 6:19AM

<< <i>
Clakamas -(Brian) A 1917/1917 DDO will sell for between $15,000 to $20,000 in ms 65 red.I've been offered $200,000 for a 1969 DDO in ms 65 red.Where is the comparison ?
In my opinion a 1917 DDO and a 1936 DDO Type 1 should have the same value.I also see better doubling on the 1936 DDO Type 1 as compared to the 1917 DDO.
>>

I guess it was a bad example, you are right they don't go for the same money. I was thinking of the 09-VDB DDO (TDO) which has an MS pop of 23 ($2500 in 65RD) , the 17 DDO has an MS pop of 18 ($20K in 65RD), and the 36 DDO has an MS pop of 16 ($3500 in 65RD). These all sell in seeminlgy different worlds.

STEWARTBLAYNUMIS · February 15, 2005 7:37AM

ROGER

I agree with you.Perhaps the 1936 DDO type 1 will catch up to the value of a 1917 DDO.

Windy City- I would hold on to the coin for a few years

I also believe in the future the values of double dies will be based on the amount of doubling as well as collectability.
The pop reports will take a back door.

mozeppa · February 26, 2005 1:01PM

my type 1 is only a 64 red...whats it worth? (pcgs 64 red)

RBinTex · February 26, 2005 1:06PM

"my type 1 is only a 64 red...whats it worth? (pcgs 64 red)"

IMHO, conservatively $3-4k

Cent specialist - why such low value on 36 DDO #1

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