Mikes 1969S DD SOLD

Just heard that Mikes MS64 PCGS 1969S Double Die sold by Heritage went for. DRUM ROLL.... $126,500.00. Hows that for a roll find. If only......



ahhh A new Car, Few coins to finish sets, A few more coins, Some medicine for the heart attack I would of had. : )



Congrats Mike if your listening.

 

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thats a pretty good price considering he probaly only paid a few dollars for the uncirculated roll. i would have kept the DD, but thats just me. :kewl:

 

Man, I can't imagine what I'd do with that much money. Hmm, maybe buy a few more rolls. Lol, congrats Mike. :thumb:

Phoenix

 

who is mike?

 

The IRS is very happy for Mike.

 

Mike Diamond.

Phoenix

 

wow good for him...
thats a lot of money im pumped now.. gonna go buy some rolls:loud:

 

1969S dd what cent?

 

Check your Coin Worlds, it was on the cover a few weeks back, he found it searching rolls.......

WOW amazing !!!

 

I don't remember reading that it was Mike Diamond who found it. I thought it was just some guy who liked to search rolls. Whomever the finder contacted in order to authenticate the coin was quoted in Coin World as saying that a lot of people have thought they have found a 1969 S DDO, only to find out it wasn't a true double die. However, if Mike had found it, I don't think he - as the president of CONECA - would need anyone other than himself to authenticate it!

 

Per the Heritage listing http://coins.ha.com/common/view_item.php?Sale_No=454&Lot_No=2718

 

Dang, when y'all said Mike, I thought you meant Mike Diamond. My bad, sorry.

Phoenix

 

It was some guy in Detroit, and Ken Potter said that. Maybe I have the wrong coin.....there have been a cpl of them in the news these days....great for the date, have you seen roll prices on Ebay?

 

Fellow over at CU fourm's purchesed the coin and was talking about it today. I'm happy for all and it give's hope that all the good coin's are not slabbed yet. Congrat's to Mike and the buyer :thumb: p.s. when i say slabbed i mean when found

 

Sorry. He is a local collector here in SE Mich. Here is the artical from Heritage:

1969-S 1C Doubled Die MS64 Red PCGS. FS-028. In The Cherrypickers' Guide to Rare Die Varieties, Bill Fivaz and J.T. Stanton use a system of stars to assess demand for different varieties, ranging from one star for low-demand, minor variants to a stated high of five stars for bold and popular oddities such as the 1955 doubled die cent. The 1969-S Doubled Die Obverse listing shows six stars.
This important, interesting, and generally unavailable variety has one of the most surprising backgrounds in 20th century American numismatics. As described in several publications, counterfeit doubled die cents dated 1969 had appeared, and government agents confiscated any examples it came across. The legitimate 1969-S doubled die pieces were caught up in this dragnet; Fivaz and Stanton report that the coins were later authenticated by the Mint and returned, while Lange's The Complete Guide to Lincoln Cents states that the Mint destroyed at least a few of the S-mint coins. That early excitement greatly increased the notoriety of the 1969-S doubled die coins, though the population of survivors remains excessively low.
The piece offered here, however, has no such story of confiscation and redemption. In fact, its history is essentially blank until October 3, 2007, when collector Michael Tremonti discovered the coin in a heretofore-unsearched roll of 1969-S cents. As related by Ken Potter in a report for the October 29, 2007 edition of Coin World, the noted numismatist was understandably skeptical: " ... I just assumed that his find was one of the exceedingly common examples of strike doubling found on this date. ... I advised [Tremonti] of this, but he shrugged it off as not being what he found."
While Potter agreed to examine the coin, he was not expecting to find an actual doubled die: "Even though [Tremonti] sounded like he knew what he was talking about, I was still prepared to find an example of strike doubling. To my surprise, what I beheld was a Brilliant Uncirculated example of the 1969-S Lincoln, Doubled Die cent."
Interest in the 1969-S Doubled Die cents has increased dramatically in recent years, and prices have skyrocketed in tandem. A recent sale by Bowers and Merena included an MS64 Red and Brown example, which sold for $85,100, the current high price for this issue. Collector and dealer speculation has suggested that this representative might set a new record at auction. Among the authorities who have brought up the possibility is David Hall, one of the co-founders of certification service PCGS. His commentary, as printed in the November 13, 2007 edition of Numismatic News: "I was totally amazed that this coin could turn up out of nowhere. The coin is completely original and full mint red. ... What an incredible find! This could be a six-figure coin."
The shining surfaces of this important cent are fresh copper-orange with a triangular area of peach-umber behind Lincoln's head. The strike is crisp, and the peripheral elements of the obverse show this variant's characteristic doubling, with the effect most prominent at LIBERTY and the date. Though a handful of marks are present in the fields, the devices are attractively preserved, and the overall effect is tantalizingly close to an even finer designation.
The combined certified populations of NGC and PCGS show just three Choice 1969-S Doubled Die cents as the highest-graded examples, all of which were certified by the latter firm (12/07). One was graded as Red and Brown, while the other two (including the present piece) were graded as Red. This recent discovery, at the acme of desirability for this challenging doubled die, presents an important opportunity for the series specialist.(Registry values: P1)

Sorry for the confusion about the Mike thing.

Story from Heritage Auctions.

 

Good job Jim !!!!

 

he did find it in a roll, but 90% of the story will never be heard. watch as several more high grade pieces come out soon. Like 5-10 more. really soon. the roll came from a guy that had a box of them and found a few him self. the roll went to the guys dad and then to him. he didnt go out and buy the roll and find $125K.

theres alot more to the story but the fear of lawsuits is keeping it quiet. like everything else it will come out one day.

 

eeeek to buy a pop1 and then it becomes a pop 11?

eeeek

It does give you a warmth inside to know that such treasures can actually still be found though.

Just like the hunt for the 1913 nickel drove a generation, and the hunt for the copper 43 drove another.

 

i agree. i am not trying to take anything away from this find, but i doubt its a recent find. i think its been around known, atleast with afew, for awhile. i mean every 69-s roll i have ever come across (1000+) i rip apart and hunt. this guy had a roll stashed unsearched. right. let me check my roll of gem 09vdb matte proofs. its a great thing but like everything else 80%bs and lies-20% half truths. no surprise but very misleading.


from what i gather there is a few more rolls left from this group of original rolls. i will pay $5K a roll for those right now cash.


or a samll child.

 

well in the jan.28 edition of coin world, what do ya know. a second high grade piece out of michigan. wow i didnt see that coming.



what a load... nice coin though. i have several thousand strike doubling ones, i should check them all. the mint mark on the new piece has strike doubling. i wonder when the rest of those will come out.

wow, for once i was right. nice.