Took a pic, Doubled my Money

Discussion in 'US Coins Forum' started by geekpryde, Jan 25, 2015.

?

Is my coin a 1854 G$1 Type 2 DDO FS-101 (Regular Strike)

  1. Sure is!

    18 vote(s)
    85.7%

  2. No Way, Punk!

    0 vote(s)
    0.0%

  3. Who Cares, look at that Clash!

    1 vote(s)
    4.8%

  4. I dont even know what a DDO is...

    1 vote(s)
    4.8%

  5. Meh, move along.

    1 vote(s)
    4.8%
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  1. geekpryde

    geekpryde Husband and Father Moderator

    So I was taking my first photo of my newest coin, and WHAM, something special jumped out at me. A quick look on PCGS Coinfacts, and confirmed what I was seeing. I Just found a 1854 G$1 Type 2 DDO slabbed in a plain vanilla 1854 Type 2.

    Check it out, let me know if you agree. PCGS says it's worth $1800, but that is clearly optimistic. A non-CAC AU53 was sold by GC 1 year ago for only $550, and a non-CAC MS61 on HA sold for ~$1500.

    I'm think re-holdered, this may be a $800 coin.

    There have been very few graded as far as I can tell. PCGS says 5 total, NGC says 12 total. Not sure how rare that makes it, as some people probably don't even look.

    "Doubling is seen in UNITED STATES OF AMERICA and most notably in the beads of Liberty's headdress."

    See here for more info: http://www.ngccoin.com/coin-varieties/gold-dollars/1854-ddo-type-2-g1-fs-101-4377

    First, Here is a CoinFacts image of a AU58 for comparison.

    [​IMG]

    Below are shots of MY coin:

    Obviously, the strike on my coin is not nearly as nice, or maybe its the wear. These are seller pics, inside my template:

    1854-G$1-Type-2.jpg

    Here is my Obverse Pic:

    1854 G$1 GOLD DOLLARS - TYPE 2 NGC AU55 3655716-005 CAC Obv Closeup.jpg

    Here is my detail shot:

    1854 G$1 GOLD DOLLARS - TYPE 2 NGC AU55 3655716-005 CAC Obv Closeup detail.jpg

    Doing a happy dance right now! :smug:

    Incidentally, there is also something going on with the 1 and Dollar on the reverse.

    1854 G$1 GOLD DOLLARS - TYPE 2 NGC AU55 3655716-005 CAC Rev Closeup.jpg

    Check out the awesome clash! I think this is one of the best clashes I've ever seen, I flipped it for your viewing pleasure:


    1854 G$1 GOLD DOLLARS - TYPE 2 NGC AU55 3655716-005 CAC Rev Closeup detail.jpg


    Of course, if you think this is all a load of hooey, let me know. I don't want to be like one of those Lincoln guys who thinks every MD is worth a thousand bucks. :p
     
    geekpryde, Jan 25, 2015
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    That's quite a score for you!

    Chris
     
    cpm9ball, Jan 25, 2015
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  4. krispy

    krispy krispy

    Nice! "Sure is!" Great pics and super clash!
     
    krispy, Jan 25, 2015
    #3 + Quote Reply
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  5. brg5658

    brg5658 Well-Known Member

    That's definitely the DDO variety. Congrats. The thing is, it's an extra fee to get NGC and PCGS to designate these varieties, so you have to know what you have when you're sending it in.

    If it really does double the "value" of this coin (to a specialist collect) it may be worth your while to resubmit to NGC for variety attribution. It used to be around $15.
     
    brg5658, Jan 25, 2015
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  6. desertgem

    desertgem Senior Errer Collecktor Supporter

    Ok, this isn't one of my series, so I would have to dig deep into the references to see how the words of the obverse motto was struck. In the one shown from coinfacts, the doubling is only on one side ( towards bottom ) on the T's in STATES, and the strong E also. In your example, I see some also on the top of those letters. With IH Cents , I would say was Longacre's doubling, so in my mind there is some doubt about a true DD. Hopefully I am wrong.
    Jim
     
    desertgem, Jan 25, 2015
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  7. messydesk

    messydesk Well-Known Member

    Yes. FS-101. The doubling you see on the reverse is "Longacre doubling", which isn't really doubling as much as it is an outline of design elements that was present on the hub not having been polished from the die. Nice clash, too. Type 2 $1 gold is notorious for being heavily clashed, leading to a dilemma for type collectors. Do you get a coin that's got a nice strong clash on it, as that's typical for the type, or do you get an unclashed coin as a more pristine type example?

    CPG doesn't show much of a premium for this variety. If you want an attribution on the holder, there are alternatives to sending it back to the TPG. PM for details.
     
    messydesk, Jan 25, 2015
    #6 + Quote Reply
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  8. USS656

    USS656 Here to Learn Supporter

    I think that E and S in States look doubled but I would never consider myself an expert. That clash on the reverse is really nice too!
     
    USS656, Jan 25, 2015
    #7 + Quote Reply
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  9. jello

    jello Not Expert★NormL®

    I have not seen any updates on this one. Jim I would say your answer is correct. But I Not an Expert .
     
    jello, Jan 25, 2015
    #8 + Quote Reply
  10. 19Lyds

    19Lyds Member of the United States of Confusion

    Way Cool! ThumbsUp.gif

    Sometimes, all you really gotta do is LOOK at your coins and you'll find some amazing things that the folks who just "glance" at them can never see.
     
    19Lyds, Jan 25, 2015
    #9 + Quote Reply
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  11. Markus1959

    Markus1959 Well-Known Member

    That's a great clash - best Ive seen in awhile!
     
    Markus1959, Jan 25, 2015
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  12. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    great buy
     
    kaosleeroy108, Jan 25, 2015
    #11 + Quote Reply
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  13. Dougmeister

    Dougmeister Well-Known Member

    Take *another* pic...!

    (oh wait...)
     
    Dougmeister, Jan 25, 2015
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  14. jwitten

    jwitten Well-Known Member

    There are a ton of the $1 gold coins with some doubling.. seems like hardly any have it on the labels though. I think the cool clash adds more value than the doubling.
     
    jwitten, Jan 25, 2015
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  15. gronnh20

    gronnh20 Well-Known Member

    Nice coin.
     
    Last edited: Jan 25, 2015
    gronnh20, Jan 25, 2015
    #14 + Quote Reply
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  16. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Nice coin, nice clash, and nice DDO. Your coin appears to match the Coinfacts coin.

    I'm guessing there aren't very many people that collect varieties on this series. Additionally, there is a decent fee for attributing a coin at the TPGs, which leads to much lower numbers. I doubt there is a significant premium for the coin - but it is cool.

    And I agree, the "doubling" on the reverse is Longacre doubling.
     
    physics-fan3.14, Jan 25, 2015
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  17. Mainebill

    Mainebill Bethany Danielle

    Sure looks like the ddo. I'd send it in with variety attribution. Re bean then sell it for a healthy profit and buy even more coins
     
    Mainebill, Jan 25, 2015
    #16 + Quote Reply
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  18. JPeace$

    JPeace$ Coinaholic

    Very nice Geek! Some good advice above! It's really up to you whether you want the attribution on the label. If you ever go to sell it, you can just note the DDO and Longacre reverse doubling rather than pay to get it on the label.
     
    JPeace$, Jan 26, 2015
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  19. geekpryde

    geekpryde Husband and Father Moderator

    Thanks for all the Reponses guys! I was pretty happy to find this, and it took only a few seconds to realize it was special. Now, if I can find someone to pay extra for it, that remains to be seen.

    For now, I will add the notation to my NGC Registry and also my own inventory system. It will stay in my CAC Type set for the foreseeable future. The couple of other $1000 coins I've stumbled into have been sold to buy 2 or 3 cheaper coins, so this may be on the chopping block at a later date.

    I am surprised the $1 Gold is not more popular, they are so cute and little, and the Type 2 has a really nice design.
     
    geekpryde, Jan 26, 2015
    #18 + Quote Reply
  20. geekpryde

    geekpryde Husband and Father Moderator

    I would also like to point out that the color of the "gold" in the 3 different photos is interesting. PCGS is really orangey looking, Pinnacles photos are a different shade, and mine are more yellowy I think. I shoot in RAW, so mine are maybe too plain looking without all the normal JPEG pop. Not sure which are more accurate.

    The other thing going against me is that I am technically mildly color-blind, LOL. I have a "Deutan" color vision deficiency. These are by far the most common forms of color blindness. This subtype of red-green color blindness is found in about 6% of the male population. So, for all I know, all my coin photos have whacky color and you guys just give me a pass! ;)
     
    geekpryde, Jan 26, 2015
    #19 + Quote Reply
  21. geekpryde

    geekpryde Husband and Father Moderator

    :D

    I wish.
     
    geekpryde, Jan 26, 2015
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