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Price help on a 55 Doubled die in Pcgs 58
stephunter
Posts: 2,324 ✭✭✭
I am looking at the coin at a local coin shop and wanted to get a feel for a good price. Its has nice eye appeal with some red on it. Is this grade listed on the blue sheet?
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I happen to own an AU-58 PCGS 55 DDO that I paid $680 for it about 5 years ago. It is all brown but otherwise is very pleasing to look at as well.
If this has the right look, paying an extra $200 is no longer outrageous!
but
if you really want it for possibly a little less you might ask the seller what his bottom cash price is
and cash means green stuff with presidents on it
but to be 100% sure i would need to see them sight seen but more than likely if i was a betting man i would not lose me bet as per the above
Knowledge is the enemy of fear
Registry 1909-1958 Proof Lincolns
<< <i>Bought it for 1550- >>
Very Nice!
The name is LEE!
Also with this >>> happen to own an AU-58 PCGS 55 DDO that I paid $680 for it about 5 years ago. It is all brown but otherwise is very pleasing to look at as well.
If this has the right look, paying an extra $200 is no longer outrageous!
............
Al
Congratulations!
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Bought it for 1550- >>
You did good. That's a nice one.
Congrats
It took me quite some time to be able to find the example that I own with the right "look" that I wanted.
Congratulations!
This coins looks too light in brown color compared to the feel I have for this coin. I get the impression the coin is slightly more of a pleasing medium chocolate color with the reddish hues along the rims.
Am I right? Pictures of copper coins can look too light in color compared to their in person appearance because you need an awfully large amount of light to get a good snapshot of the coin.
I find the 55/55 a very puzzling coin. 2 years ago MS62's for example were around $1150-1200 wholesale. I had a decent 62B and it took almost a year to get $1175 for it. I'm not exactly sure why they are now worth another $500-750 more. It certainly cannot be because "collector" demand all of a sudden increased.
2 years ago Lincolns were in a frenzied state too and key dates were exceptionally strong too. Smacks more of promotion and the passing of key dates around the horn from one dealer to the next and along the way a collector is enticed.....especially when they see prices going up so fast. Better get in before the go up more! If one really wanted one of these wouldn't it have made more sense to buy when the "demand' (real or created) was much less 2-5 years ago?
I concur with what Michael said on this one a few months back. But congratulations on your purchase, this is the neatest and most well known error coin in the US numismatics...imo.........then again the PMM Mass. state quarter is stellar in its own right.
roadrunner
<< <i>I can see the reddish color towards the rim and to the left of Lincoln.
This coins looks too light in brown color compared to the feel I have for this coin. I get the impression the coin is slightly more of a pleasing medium chocolate color with the reddish hues along the rims.
Am I right? Pictures of copper coins can look too light in color compared to their in person appearance because you need an awfully large amount of light to get a good snapshot of the coin. >>
You description of the coin is accurate.
<< <i>Since there is almost no difference from AU58's to MS63's on these, it behooves a buyer to find the ones that are labeled as AU's that can upgrade.
I find the 55/55 a very puzzling coin. 2 years ago MS62's for example were around $1150-1200 wholesale. I had a decent 62B and it took almost a year to get $1175 for it. I'm not exactly sure why they are now worth another $500-750 more. It certainly cannot be because "collector" demand all of a sudden increased.
2 years ago Lincolns were in a frenzied state too and key dates were exceptionally strong too. Smacks more of promotion and the passing of key dates around the horn from one dealer to the next and along the way a collector is enticed.....especially when they see prices going up so fast. Better get in before the go up more! If one really wanted one of these wouldn't it have made more sense to buy when the "demand' (real or created) was much less 2-5 years ago?
I concur with what Michael said on this one a few months back. But congratulations on your purchase, this is the neatest and most well known error coin in the US numismatics...imo.........then again the PMM Mass. state quarter is stellar in its own right.
roadrunner >>
I did not even consider past price variances. I just knew that I had the money and that I have wanted the coin for a long time. It may or may not be the best time to buy it, but if I hold it for 20+ years I think the up and down markets of coins will play out and I will continue to enjoy it.
I cannot state publicly why there is price compression between AU-58 and MS-62BN here. But it exists.
roadrunner
I happen to agree with you that there is grading compression.
Actually I would bet even the best of graders cannot tell the two apart and agree with what the TPG's will do > 50% of the time.
And resubmissions would show you that a 62 can come back a 58 next time and vice versa. Little consistency imo. Barber halves in MS62 usually won't come back an AU the next time around.
Maybe we should define compression?
roadrunner
(unleavened bread).
But a 50% price premium for three grades on a key date sounds like compression to me. From MS-62 to MS-65 we do not see the same 50% price premium. It is far greater than 50%.