1917 Doubled Die Obverse auction; is this price an outlier or the new going rate?
seanq
Posts: 8,735 ✭✭✭✭✭
1917 DDO cent in ANACS Fine-12 sells for $710, with three different bidders in for over $600.
These don't sell often enough for me to have a great feel for the market, but that seems very, very high. Last year you could have had a nice XF for that bid; 18 months ago you could have had the PCGS VG-10 I sold on eBay for less than $150. The PCGS price guide still shows a Fine-12 for $190.
With all that in mind I'm inclined to call the auction an outlier... but then again, with three people in over $600 I have to wonder if there isn't more to the increase. Anyone who deals in Lincoln varieties have any opinions on the auction or values in general?
Sean Reynolds
These don't sell often enough for me to have a great feel for the market, but that seems very, very high. Last year you could have had a nice XF for that bid; 18 months ago you could have had the PCGS VG-10 I sold on eBay for less than $150. The PCGS price guide still shows a Fine-12 for $190.
With all that in mind I'm inclined to call the auction an outlier... but then again, with three people in over $600 I have to wonder if there isn't more to the increase. Anyone who deals in Lincoln varieties have any opinions on the auction or values in general?
Sean Reynolds
Incomplete planchets wanted, especially Lincoln Cents & type coins.
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
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How are you buddy?
Wow.
I would also have called it an anomaly, but I have a sneaky feeling that Lincoln varieties
in general will continue to increase as the series continues its popularity. People want a RedBook set.
The real biggie DDO's are practically impossible, but the nice DDO's, the 17,36,41,55,72 etc will continue to increase in
my opinion.
Fun time to be a Lincoln collector.
WS
<< <i>1917 DDO cent in ANACS Fine-12 sells for $710, with three different bidders in for over $600.
These don't sell often enough for me to have a great feel for the market, but that seems very, very high. Last year you could have had a nice XF for that bid; 18 months ago you could have had the PCGS VG-10 I sold on eBay for less than $150. The PCGS price guide still shows a Fine-12 for $190.
With all that in mind I'm inclined to call the auction an outlier... but then again, with three people in over $600 I have to wonder if there isn't more to the increase. Anyone who deals in Lincoln varieties have any opinions on the auction or values in general?
>>
Bringing this back to point out this auction. I'm not the seller, but that was once my coin - I checked the cert number and that is the example referenced above. I purchased it raw and submitted to PCGS in June 2006, it sold that September for $202.50 (I was wrong about the $150 above). Seller states his reserve is $300, which should be a steal if the auction in my original post above is any sort of benchmark. Should be interesting to watch, anyway.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Really just bid this high to finally "own" one of these.
Maybe I`m a little
Here are some pics I took of it before I sent it in to PCGS:
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i> I expected it to grade as a Fine-12 or 15. There's a lot of "meat" on that coin for a VG-10.
Sean Reynolds >>
I would agree