Holy smokes! Cool Lincoln Cent error sold

commoncents05 · January 28, 2007 1:16PM

i was watching THIS auction on ebay and the high bid was $700 or so with 12 minutes left. i came back and it ended with a nearly $6300 final price. Heck of a cool error, though way out of my price range.

-Paul

RichieURich · January 28, 2007 1:27PM

From the bidding, it looks like 2 bidders really wanted it, as the third high bid was only about $1300. Great situation for the seller!

VintageJeff · January 28, 2007 1:29PM

I think i'm going to start melting 4 pennies together and cutting off the excess.

VicDaewoo · January 28, 2007 1:31PM

"Multiply Struck" label = doesnt sound right.

TheRegulator · January 28, 2007 1:39PM

I remember reading in David Lange's book that it is/was believed that these "errors" were likely the intentional products of clandestine mint operations. By 1964 mint employees would have been well aware of the field of error collecting. A few well positioned extra strikes to keep the date intact, sneak 'em out, and you've got some extra cash.

Coxe · January 28, 2007 1:40PM

Fascinating piece. Still trying to figure out how it was produced. Nonetheless, if authentic (and assuming that), it is a very seductive modern coin. The date presentation almost looks deliberate. Very nice!

LALASD4 · January 28, 2007 1:40PM

$6000

These two bidders added an extra zero to there bids.

braddick · January 28, 2007 1:47PM

I placed what I thought was a very healthy snipe about two hours prior to the ending of the auction and then a few minutes later added even more to it. I went out to dinner convinced I'd come home and own the coin. No way! Whoever wanted it wanted it waaaaaay more than I (or others!) did.

Neat coin.

Cladiator · January 28, 2007 1:53PM

The new eBay bidder # policy is lame.

jonathanb · January 28, 2007 1:56PM

Definitely a neat piece, but 1964 was a bumper year for multi-strikes. It would be an awful lot more impressive in just about any other year. Definitely neat, but not $6000 neat as far as I'm concerned.

pharmer · January 28, 2007 1:58PM

<< The new eBay bidder # policy is lame. >>

Now that I've seen it in action for a couple weeks, I agree. I'll see what I can do...

CaptHenway · January 28, 2007 2:04PM

<< I remember reading in David Lange's book that it is/was believed that these "errors" were likely the intentional products of clandestine mint operations. By 1964 mint employees would have been well aware of the field of error collecting. A few well positioned extra strikes to keep the date intact, sneak 'em out, and you've got some extra cash. >>

I was always of the theory that these were struck outside the Mint using counterfeit dies. Perhaps the prevailing belief has changed.
TD

GoldenEyeNumismatics · January 28, 2007 2:21PM

what an amazing error. That type of coin makes you think that some coins get "helped" out of the mint

kranky · January 28, 2007 8:31PM

It's impressive looking, but it had to have had some "help".

mozeppa · January 28, 2007 9:55PM

greatoning probably slept with a cramped grin on his face.

DenverDave · January 28, 2007 10:17PM

Wow... From $1300 to $6000 in one bid, the new eBay numbering system sure suxs...

I hope it was not damaged while ANACS were putting it into the insert...

Looks like they crammed it into the insert, there's a chip in the insert at 11 o'clock on the obverse...

gonzer · January 28, 2007 10:35PM

First strike normal, then 'saddle struck' (caught between opposing dies during striking), then struck again off-center, with blank planchets under the last three strikes.

BobaFett72 · January 28, 2007 10:46PM

I just showed the pictures of this auction to my co-workers, they were AMAZED at the coin, more amazed at the price someone would shell out for PENNY lol. (none of them are collectors of any sort)

Happy Monday
Leo

pontiacinf · January 28, 2007 10:50PM

<< The new eBay bidder # policy is lame. >>

lame is an understatment

it seems to be aiding and abetting those who want to inflate auctions

FredWeinberg · January 29, 2007 12:37AM

Tom,

These weren't the Grey counterfeits;
most of those were "D" Mint quarter Silver errors
and quite a few 1964 and N.D. Silver
Kennedy Halves. Pretty obvious to determine.

They're also not the Shriener-Placentile (sp)
pieces that came out of New York in 1965/66.

I've considered these Double, Triple, and Quad
Strike Cents to be Genuine - I've handled them
dated 1963, 1964, 1965, and 1966. Most are 1964.

There's something about the top two bidders on this
item that doesn't make sense. And I agree, this is
10 Times what I've ever sold one for.......

RichErrors · January 29, 2007 1:11AM

Over priced- Over Bids
I have 2 Lincoln Cents struck SIX times in stock.. all off center but countable. Maybe I should place them on Ebay... LOL
NAW!!! My conscience would get the best of me...

Thanx
Rich Schemmer
Rich Schemmer Error Coins
http://WWW.RichErrors.com/store.php

Byers · January 29, 2007 1:57AM

It's hard to believe that it's a real ebay sale but who knows. Some average mint errors have brought insane prices in auction recently. A common date 1964 Nickel Struck on Silver Dime Planchet PCGS MS 63 recently sold for $3,450.00 in the ANR FUN 06 sale, which is a $500. coin IMHO.

goose3 · January 29, 2007 2:09AM

that damn "Bidder5" guy got me the other nite......

sonofagunk · January 30, 2007 4:24AM

Well all I care to say is the top "bidders" have a great loyalty to this seller. 44% of "Bidder 2"'s bids have been with this seller and 28%of "bidder 23's". The third place bidder is even loyal (27% of "bider 20's" bids have been with this seller). It is almost all of these "people" exist for the sole purpose of bidding on this guy's auction.

Since this coin is so "valuable", I sure hope that the seller has others to sell. Maybe I could snipe one at $4K. But will such a large groiup of loyal bidders, I guess I will never bid on this guy's auctions.

Guess Bidder 23,2 and 20 will bid less on the next auction.

Zoins · January 30, 2007 4:38AM

<< Well all I care to say is the top "bidders" have a great loyalty to this seller. 44% of "Bidder 2"'s bids have been with this seller and 28%of "bidder 23's". The third place bidder is even loyal (27% of "bider 20's" bids have been with this seller). It is almost all of these "people" exist for the sole purpose of bidding on this guy's auction.

Since this coin is so "valuable", I sure hope that the seller has others to sell. Maybe I could snipe one at $4K. But will such a large groiup of loyal bidders, I guess I will never bid on this guy's auctions. >>

The seller is greattoning (Great Toning Rare Coins) who has lots of great coins. Check out the Great Toning website.

Outhaul · January 30, 2007 4:41AM

<< The new eBay bidder # policy is lame. >>

Yet ANOTHER way to aid the scumbag sellers.

Barndog · January 30, 2007 4:42AM

<< that damn "Bidder5" guy got me the other nite......

>>

you'll be glad to know I opened up a can of whoopass on him last week.

lkrarecoins · January 30, 2007 4:47AM

Holy Dog Dirt! Over $6K for that coin......Awesome error

VicDaewoo · January 30, 2007 5:09AM

that is still the dumbest sounding label I've ever seen.

FredWeinberg · January 30, 2007 5:11AM

Having the top two or three winning bidders
have a high percentage of their bids with the
seller only means that the seller has some nice
coins - which is very true in this case.

The P.R. still doesn't make any sense to me whatsoever.

Coxe · January 30, 2007 5:14AM

<< that damn "Bidder5" guy got me the other nite......

>>

But I see he is often no match for Bidder6.

sonofagunk · January 30, 2007 10:35PM

Having the top two or three winning bidders
have a high percentage of their bids with the
seller only means that the seller has some nice
coins - which is very true in this case.

I have to disagree. It means that ONLY this seller has nice coins and the three bidders find that ONLY this seller has nice coins. If they were truly high end bidders, they would bid on MANY of the high end coins offered from multiple sellers with nice coins. Bseides, if they were truly high end error collectors, they would know how common these 1964's are (in the grand scheme of things) and know that it is not worth $1000+ that the three of them were willing to pay.

This is of course if you Fred do not consider yourself to "have some nice coins". I never see any bidders this "loyal" to you (that's because we know you do NOT have to make up bidders to get good prices)

FredWeinberg · January 31, 2007 12:51AM

I wasn't saying that THESE two or
three bidders were only bidding on
the sellers coins, I was commenting
on the post that implied that any/all
bidders like this might be shills.

I've bought a good amount from this
seller, and have bid on tons of his
coins, and I don't think they are
shill bids at all.

I'm just not sure exactly what has
happened here - I'd guess there's
a good chance that the coin won't
be paid for - my opinion only.

I'd loved to be proved wrong, obviously.

elwood · January 31, 2007 1:01AM

I don't think it's even that rare of a coin/s?? Just dramatic.

FredWeinberg · January 31, 2007 1:04AM

They are scarce, and very dramatic.

As a Quad Strike, it would have sold
for $600-$750 as a range, by most
error dealers. That's the HIGH end
price level.

CoinRaritiesOnline · January 31, 2007 1:05AM

I agree with you, Fred W. The bidding pattern does not look suspicious to me either.

Shill bidders normally don't snipe at the last minute. They WANT legitimate bidders to see that there are higher bids out there well in advance, so they can "trick" people into raising their bids.

I inquired about this coin from the seller a few days before the bidding ended (Great Toning = Dick A. = legit guy, by the way. I have bought some things on ebay from him). He said it was consigned to him for sale, and that there was no reserve, and no "bidding shenanigans" would be tolerated by him. At the time, the coin was bidding around $1000, as I recall. I debated about bidding on it, but never did. Obviously, I wouldn't have won it anyway.

mr1931S · January 31, 2007 1:32AM

"I have 2 Lincoln Cents struck SIX times in stock.. all off center but countable. Maybe I should place them on Ebay... LOL
NAW!!! My conscience would get the best of me."

Go for it.Go unconscious for the duration of your auction and it'll be okay.

RBinTex · January 31, 2007 2:53AM

LSD?

Rob790 · January 31, 2007 4:39PM

<< First strike normal, then 'saddle struck' (caught between opposing dies during striking), then struck again off-center, with blank planchets under the last three strikes. >>

That first strike was not normal, it's weak at the rims near the date, most likely a broadstrike and especially apparent on the reverse.

I also don't think that it was a saddle strike either, the strikes are too close together, I thought saddle strikes on a cent would be further apart - but I may be wrong here.

Interesting error.

Holy smokes! Cool Lincoln Cent error sold

Comments

Leave a Comment