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Question on 1995 DDO cents- FS-040 / FS-101?
nycounsel
Posts: 1,229 ✭✭
I've noticed a few auctions for 1995 doubled die obverse cents, that coins with FS-101 or FS-040 designation sell for substantially more than those without that designation.
I've included links to both below -- the "regular" DDO in MS67RD shows a price history of around $75, while the FS-101 (FS-040) shows a price history of about $368 in MS67RD. But I have no idea what distinguishes the two. Can anyone help explain?
FS-101 (FS-040) Example
Non FS-101
I've included links to both below -- the "regular" DDO in MS67RD shows a price history of around $75, while the FS-101 (FS-040) shows a price history of about $368 in MS67RD. But I have no idea what distinguishes the two. Can anyone help explain?
FS-101 (FS-040) Example
Non FS-101
Dan
0
Comments
No difference except which registry sets they can be entered into.
Because of that for most of them there are 2 pop listings but to get the real total population you need to add them together.
The prices being different is mostly illusion. If 90% were submitted one way then most coins sold are in that population. The price guide is updated by sales records. In a market of falling prices those prices update faster with the new lower price or higher price in a rising market.
Bottom line is the price is based on the bigger population unless a fool buys it blindly based on the price guide.
PCGS could fix it by grouping them together in the pop reports and price guides.
The problem it creates is auction houses like TT often rave about a rare coin with low pop but it's something like a 64RED 95 DDO submitted as an error and they hype it based on the un-combined pop report.
Uninformed buyers...but, there's that 'tuition' money often discussed here. Though, when it comes to buying DDO errors, or Tybe B's, etc.....you have to know what you are buying, or you are going to spend WAY too much for a coin. Look at all those people spending big $$ on '72 DDO, that arent the 'biggie'. You HAVE to know what you are bidding on, what you are spending your money on. As has been said thousands of times here, and it's as true as true can be.....knowledge is power. You HAVE to KNOW what you are looking for, unless you are just a 'registry collector' and buy to fill the spot, or upgrade a set...at that point, it's buying the plastic. I don't even feel bad to see someone paying $300 more for that coin. Again, if the buyer had KNOWN (had knowledge), he would have bought/bid the one for $60 instead of $360.