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Topic Title: 1959-D Wheat Cent
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Created On: 5/9/2010 6:36 PM
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 5/9/2010 6:36 PM
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MrEureka
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What will this coin bring?

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Andy Lustig

Doggedly collecting coins of the Central American Republic……………………...Visit the Society of US Pattern Collectors at USPatterns.com.

 5/9/2010 6:51 PM
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1tommy
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thats a cool one of a kind and a great story ................

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 5/9/2010 6:52 PM
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Coinosaurus
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"It is important to note here that this coin will not be confiscated as the Treasury Department has returned the coin twice to the owner after reviewing the coin and returning it as genuine."

That's nice to say, and somewhat reassuring, but would they indemnify the new owner to that effect? I doubt it.

As for value I'd guess $100K. Neat coin.

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Liberty Seated Collector's Club, www.lsccweb.org
 5/9/2010 6:52 PM
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ambro51
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Thats a coin that could be a legend. Id never read such detailed examination records before and it seems to be genuine, at least, according to the US Goverment.

so....they say 40-50K? Id buy at that price...yes I would. If it goes into a PCGS or NGC holder the value goes up 5X instantly.

No doubt there is a old man living in Colorado who is keeping a BIG secret.
 5/9/2010 6:53 PM
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Aegis3
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Either $74,750 or fails to meet reserve.

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Ed. S.
(EJS)
 5/9/2010 6:57 PM
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GoldenEyeNumism..
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$103,500
 5/9/2010 6:58 PM
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bolivarshagnast..
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Andy, Thanks, a great read. I'll guess 100k+ on the auction. Shag

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 5/9/2010 6:59 PM
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Katrina
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Holy Chit

 5/9/2010 7:10 PM
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savoyspecial
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Mark Hofmann took credit for making this mule (albeit while in custody)
 5/9/2010 7:13 PM
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MsMorrisine
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could the Secure Plus computer system be helpful with identifying different dies for 59D and 58D in an effort to shed light on its legitimacy?


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 5/9/2010 7:19 PM
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Coinosaurus
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I suspect if PCGS could match the dies they would have already made a big deal about it - it would have been awesome publicity for SecurePlus.

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 5/9/2010 7:56 PM
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wondercoin
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The last time the Goldbergs had this coin up for auction, if I recall they pulled it shortly before the auction. What was that all about again?

Wondercoin

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 5/9/2010 9:12 PM
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CaptHenway
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FWIW, around 1975 or 1976 Coin World's Collectors Clearinghouse received a letter asking if we would like to see a 1959-D cent that had been authenticated by ANACS. I replied that we would.

The coin arrived, accompanied by an ANACS certificate from the Washington, D.C. office. Future ANACS Authenticator Ed Fleischmann and I both examined the coin, and thought that the second 9 had been skillfully altered. I contacted ANACS Director Charles Hoskins about the coin, and he checked their records and verified that they had inded authenticated the coin.

However, until I mentioned it, he was not familiar with the fact that a 1959 cent should have a Memorial reverse. He said that they received many common, ordinary coins for certification, and nobody there had realized that the coin was unusual. They just blew it through with a cursory glance and certified it. We returned the coin to the owner along with our opinion of it.

I do not believe that the Goldberg coin (which I have seen in person) is the same coin as the one I saw in the 1970s, but because of the great gap between viewings I cannot be sure.

TD

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In spite of the cost of living, it's still popular. ~Kathleen Norris~
 5/9/2010 9:22 PM
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WoodenJefferson
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I read the same story about Hoffman claiming to have produced this mule in his basement, utilizing an explosion impact die process. He claimed to have made 16-D Merc Dimes the same way.

True or not, it just lends to the mystery.

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 5/9/2010 9:29 PM
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melvin289
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Having had operated machinery like the mint uses to make coins I can see where the error could have happened. Since the obverse and reverse dies are placed into the die sets separately, it is possible that a wheat cent reverse die were mistakenly mixed in with memorial dies and placed in the die set. Upon inspecting the quality of the newly installed dies the operator would have attempted to pick out the error coins. The coins are fed into a bin after being struck. Suppose the coin bin were half full. There is a chance one error was overlooked or too much trouble to look for any further. Although doubtful, it is possible that the coin error was just a mistake and an example overlooked and got out of the mint. This is just speculation on my part. I'm just saying it could be a legitimate mistake.

Ron

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 5/9/2010 9:39 PM
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CaptHenway
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<< I read the same story about Hoffman claiming to have produced this mule in his basement, utilizing an explosion impact die process. He claimed to have made 16-D Merc Dimes the same way.

True or not, it just lends to the mystery.
>>



I have read the book. I do not find it credible.
TD

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In spite of the cost of living, it's still popular. ~Kathleen Norris~
 5/9/2010 9:50 PM
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WoodenJefferson
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In response to Melvin289:

Sure thing it can happen that way, but think about it happening in a "transitional " year where you have a complete reverse design change, the set-up man is bound to look at the die face during installation. The obverse & reverse dies are configured so they cannot be swapped, they just won't fit, also flats on the side of the die orient the dies to maintain the coin flip rotation.

Then you have some test strikes...with close examination of the product about to be produced. Is it possible to overlook the reverse not being Memorial?

If anything, this was a clandestine midnight mint creation, smuggled out of the Denver Mint, like untold 1,000's of other errors that find their way to the market place.



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 5/9/2010 10:58 PM
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Batman23
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<< FWIW, around 1975 or 1976 Coin World's Collectors Clearinghouse received a letter asking if we would like to see a 1959-D cent that had been authenticated by ANACS. I replied that we would.

The coin arrived, accompanied by an ANACS certificate from the Washington, D.C. office. Future ANACS Authenticator Ed Fleischmann and I both examined the coin, and thought that the second 9 had been skillfully altered. I contacted ANACS Director Charles Hoskins about the coin, and he checked their records and verified that they had inded authenticated the coin.

However, until I mentioned it, he was not familiar with the fact that a 1959 cent should have a Memorial reverse. He said that they received many common, ordinary coins for certification, and nobody there had realized that the coin was unusual. They just blew it through with a cursory glance and certified it. We returned the coin to the owner along with our opinion of it.

I do not believe that the Goldberg coin (which I have seen in person) is the same coin as the one I saw in the 1970s, but because of the great gap between viewings I cannot be sure.

TD
>>




Interesting, I had to look. In the linked photo I see that the second 9 is thinner than the first 9. But looking at the 59-Ds in the registry sets I see that they also have the same characteristics. With the United States Secret Service Office of Investigations Counterfeit Division's report this looks like it might be the real thing.
 5/10/2010 2:14 AM
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droopyd
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If I had the money I'd easily pay $100k (even if it turned out to be a fake).

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Me at the Springfield coin show:

50 years into this hobby and I'm still working on my Lincoln set!
 5/10/2010 2:14 AM
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droopyd
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<< If anything, this was a clandestine midnight mint creation, smuggled out of the Denver Mint, like untold 1,000's of other errors that find their way to the market place. >>





-------------------------
Me at the Springfield coin show:

50 years into this hobby and I'm still working on my Lincoln set!
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