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I thought only the TYPE 1 was expensive - Please educate me on the 1c 1936 DDOs.
keyman64
Posts: 15,650 ✭✭✭✭✭
Teletrade Today's Auction - 1936 1c DDO Type 3
Granted it is tied for the finest graded....but.............. Educate Away! Thanks.
I was thinking about going after it for fun if it was sort of cheap to combine with the different 1936 10c DDOs I have....but certainly not at this level!
Granted it is tied for the finest graded....but.............. Educate Away! Thanks.
I was thinking about going after it for fun if it was sort of cheap to combine with the different 1936 10c DDOs I have....but certainly not at this level!
"If it's not fun, it's not worth it." - KeyMan64
Not really looking for much these days but if I were, it might be a toner.
Not really looking for much these days but if I were, it might be a toner.
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Comments
Type 2 is equally as strong and is said to be rarer than type 1.
Type 3 has a strong spread, and if it was on a different date, it would be considered a major ddo. But since we already have two for '36, this one takes a back seat. Although, its inclusion in the complete varieties registry has broadened its appeal a bit.
I think teletrade's bid right now is way over what an actual human being would bid for this coin. That is most likely a reserve, hence the reason that particular coin has been for sale in three auctions or more there.
I feel $750 would be a strong price for a ms66rd on a real auction in this economy.
Hope this helps.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
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one trend i've noticed is that there are many rarities of die pairings in many series but they "generally" won't bring crazy numbers if the top pop is circ as if the top pop is pq gem or unc
it is a similar situation where the right variety of 1972 DDO (004) lincoln will bring significantly more in red-unc than the obvious doubling DDO counterparts ie: die pair 1 or 2, an obvious doubling, but too common,
21st century of numismatics is all about die marriages and condition census
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Here is a 1936 DDO MERC - FS-101.
Here is another 1936 DDO Merc... WDDO-008 (Yes there seem to be at least 8 known DDOs for 1936 Mercs!)
Not really looking for much these days but if I were, it might be a toner.
This was almost an overnight phenomenon when the cherrypicker's guide catalouged them and pcgs included them in the complete variety registry for Lincoln cents.
#4 has proven to be quite rare. Most experts agree that die was short lived, and the doubled obverse was exchanged and paired with the original reverse. (Examples have been found with the new obverse/old reverse pairing.)
Even in AU, this variety commands several hundred dollars. An average mint example would probably cost you upwards of $3000.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
WS
<< <i>That's one Hell of a nice merc, keyman! Strong date doubling. >>
Thanks!
And thanks so much for sharing your knowledge on this subject.
Not really looking for much these days but if I were, it might be a toner.
The die-3 would be a big dog if the same date did not have the die-1 and 2 that are even bigger.
The die-3 has a lower URS number, might be that less get noticed because on die-3 it does not have a big spread on the date like die-1 and die-2 but the doubling shows very well on the motto. (people that only look at dates will miss it)
One caution about using the term "type" is that it's sort of a PCGS only deal similar to the VP numbers that NGC uses.
Depending on how the coins are submitted to PCGS they get the type number or the FS number.
The reason for caution with the type numbers is that on most coins like the 1936 DDO the die-1 is type 1 and die-2 is type 2 BUT on other coins it's not that way. I think on the 1971-S PF DDO cents the die-1 is called type-2 and die-2 is type-1. I think the reason is that die numbers are based on the order discovered and type numbers are more based on type-1 meaning the "the big one".
A neat thing about the 1936 DDO cents is that they also used a hub with the broken leg on the R for one of the hubbings.
The same hub with the broken leg was also used on some 1936 cent dies that are not DDOs like this one:
Then on one of the DDOs you can see that the die was hubbed by the broken hub then hubbed with a shift with a non broken hub and you see the spread between them on this die-2: (I know it's a blurry pic)
Not really looking for much these days but if I were, it might be a toner.
I definitely agree that the price in the Teletrade auction has to be a pie-in-the-sky reserve, even at the top of the condition census I would put the value a lot closer to DCW's estimate than the current TT bid.
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
It also brings more $ especially in high grades.