Any Idea How Many 1955 DDO Cents Made/Exist?

But mintage has EVERYTHING to do with the supply...especially in a case of an error coin like this. I would love to know how many (55 ddo's) are in cans of hoarded wheat pennies.

 

Log in or Sign up to hide this ad.

also highly counterfieted

 

Keep telling yourself that and ignore what really matters... how many have survived to the present day. What's gone is gone... the cent placed on the railroad tracks by some kid isn't going to magically reappear back in mint condition (pick your poison). Again, the ORIGINAL MINTAGE, be it factual or estimated, only tells us how many were originally produced. How many 1933 double eagles were minted; did this play any part in the Farouk sale, or would it if the known others came to market? Of course not... but it has "EVERYTHING to do with supply"? The only way a higher original mintage can play into survival is by increasing the chances that more have made it to today.

No matter how many were made, one cannot buy what does not exist.

 

do you buy from the coin shopping network??/qvc... take the 1931s -866k then or the 1909s vdb 484k either one of these coins should be going for 10/ thousands of $$ at anyturn by your logic

 

I think the main reason the price is so high is the attention (so records say) that was given to the coin when it was released...and, "coin collecting" was really getting some traction as a popular hobby in 1955. Back to the original post...how many were minted??

 

ok if the mintage load for 55p cent are accurate then the total is 330,580,000 the press rand for approx 4 hrs so in that time with the most coins they could have minted where 2.2 per hr say 150/per hour , 60x 4= 240 mins
240x 150=36000 give or take 2-5k that where scrapped

 

out of the 330,580,000 it like that 36k is .09% of the total mintage of the coins minted

 

that'd be one rare coin bro..

 

id like to see some news paper adds about the 1955ddo from the 50's and 60's

 

this comes from wikipedia

Origins
When a modern coin die is created, it is struck from a working hub, which places the incuse image onto the die that will subsequently be used to strike coins. Normally, this requires multiple blows. In 1955, one of the working obverse dies at the Philadelphia Mint was misaligned on the second blow from the working hub, thus resulting in a doubled image. Due to the manner in which this hubbing was carried out, it most noticeably affected the date and inscriptions, with very little doubling (albeit noticeable loss of detail) visible on the bust of Lincoln. These doubled features were visible on all of the coins struck from this die. It is estimated that 40,000 of these coins were minted, all during one night shift at the Philadelphia Mint.[2] Roughly 20,000-24,000[3] of the pennies were introduced into circulation after the minting error.

They were originally found in New England, and many were distributed in cigarette packs in vending machines. The price of the cigarettes was 23 cents per pack, and two pennies were included to even up the price to the quarter required to buy from the machine.[4]

The 1955 doubled die is one of the most famous die varieties in US coinage.[according to whom?] Very few exist today in totally mint condition, as almost all were discovered while in circulation. Over the years, many counterfeits of this coin have surfaced. It is advised for collectors to seek expert opinion before auctioning for these coins if not certified by one of the top numismatic certification companies.[5]

A seemingly similar variety to the 1955 doubled die is the so-called 1955 "Poor Man's Doubled Die" cent, created by die deterioration doubling. It is caused when the design on a worn die becomes eroded and distorted, causing part of the design (such as the final digit of the date) to appear doubled. It is much more common than the actual doubled die, and as such it sells for only a few dollars.

 

ok on terms of supply with even around 40k minted thats a small supply even if 28-36 k surrvived and are in ms-60-66 range the most this coin should command atleast 6 figures

 

and I think that number is probably way high.

 

Until now, I've been nothing but respectful towards you, sir; the idiotic "QVC" BS was unnecessary, and nothing more than a lame and desperate attempt at insult. Don't get pissy with or blame me for your own shortcomings.

With that said, you're clearly having some difficulty comprehending what has been said, and I fail to see why this is so otherworldly hard for you to understand, especially after giving examples that should have made it beyond clear. Your posting of original mintages for the 09-S VDB and 31-S (which have nothing to do with my "logic", and if anything, is the exact opposite of it) proves your inability to grasp even the very basics of what has been said to you. I don't know how to nor wish to put it any simpler, so please accept my apologies, but I'm just not willing to play romper room with you again. If you think these coins are so "significantly" undervalued, then you had better get to buying... but please, do pay for your purchases this time, and don't blame and punish the seller for your incompetence (tit for tat).


My (sincere) apologies to Endeavor.

 

r
yea well they said 24k where thrown into circulation after the error was found and the press was running for about 4 hrs

 

-dude wasnt trying to sound pissy or off key i was only saying that cause i wanted to figure about your buying experiences bro..we are talking supply and demand , if there are only ok according to the coin-news / Wikipedia / them that say = 40000 coins produced in total ,that is .091 of the net production yea your slim pickings for a mint state coin ok now there saying the press was running for a total of 4 hours or( 240mins )the average die produces 150 coins per 60 mins

 

so my .091 should actually be like a .042

 

As I have said before, people need to lighten up on this forum...it's supposed to be fun. Who REALLY gives a rats ass how many of these pennies were minted?

 

That's exactly why... they'really well known, are, and have been popular for a very long time. Think how even the so-called "rarer" Carson Morgans, with many thousands upon thousands known (survived) still sell for very strong money compared to their availability. The supply may be fairly large, but so is the demand, and to sufficient levels to push prices high, especially when compared to many other coins with similar survival numbers. If the 55DDO was less popular, even with the same survival numbers, prices would be nowhere near what they are.

As for the original mintage numbers, I understood them to be estimated at, as mentioned earlier, about 24k. Unlike straight date/mint/types where exact numbers are usually known, the best we have are estimates due to this being a variety. The true number could be higher or lower, but is most likely in that area somewhere. In the OP it was said that the PCGS/NGC pop numbers are just over 7400, and although this number will be inflated due to resubmissions, it doesn't include "lesser" TPGs or problem coins bagged/encapsulated by the top two, meaning the number they've actually handed is likely higher than what's listed. There are also still a fair number of raw examples out there. Put it all together and it's probably reasonable to say that there are at least, close to, or around 10k surviving examples in all grades/conditions.

 

You would be rich off a bag of pennies lol. You wouldn't want to sell them all at one time or in bunches. You would have to sell them one by one to keep up the impression that they are rare. I wonder how many people out there are doing something like this.

EDIT: I should say that you could still sell the whole bag for a lot of money, but one by one would get the most out of them, albeit more time and effort.

 

Uh... well... I do lol. That's why I started the thread! It's not something really important to me but I thought it would be interesting to know the mintage figures and history behind it. The responses in here were more interesting than I expected them to be. The whole thing about being in cigarette packs, minted over 4 hours during a night shift, etc. At least I thought it was interesting and educational, if no one else did.

No need to apologize to me. It looked to me like both of you were arguing over the same general concept. Supply and demand...

It consists of two parts in which both are equal in importance although they may be disproportionate to each other. Seems like you were saying one side is a more important factor. We know that isn't true though. They are both equally relevant cause without one the other is meaningless.