The fact that this sold for the amount that it did brings me great pain. To be fair, they did say it is "machine doubling", but that doesn't make it alright lol. I can't tell people how or when to spend their money, but Google exists, please do a simple search to make sure what you're buying is somewhat worth it. https://www.ebay.com/itm/265166168791?hash=item3dbd22a2d7:g:hSsAAOSwMhlgoCuu Maybe someone just fake purchased it to try and drive up the price of this worthless doubling... at least I hope that's the case.
I have said it MANY times on this forum. There is a clear market for machine Doubled coins. Many seasoned collectors consider this NAV doubling but that isn't the case anymore..... Many collectors are wanting and buying Machine Doubled coins for whatever reason......This hobby is fluid and changes what is hot and what is notas time progresses. The more obvious the doubling, the more demand and higher prices.
I wouldn't either, as I come across mechanical doubling very often when CRH'ing. I don't understand the desirability of these, but as @Beardigger said, this hobby can be very fluid.
Regardless of any claims of fluidity in the market, the listing states specifically as a one liner: "1969 S double die obverse Lincoln Memorial penny." If the title states "strong machine doubling", then good for the title. You can have both a double(d) die and machine/strike/ejection/shift doubling as well. The description is the entire selling point, and the strike doubling is not mentioned. What is mentioned is a double(d) die, and referring to pics does not excuse a deceptive description. I have no problem with people collecting or paying what they want. But, I do have a problem when advertising is blatantly deceptive. Even the "Item Specifics"don't match up with the description...I wouldn't say prooflike Uncirculated is the same as AU...just as DDO is not the same as strike doubling.
If you buy something for a lot of money you should know enough to know what you are buying. If you don't KNOW what it is, don't buy it. If you buy it anyway I pretty much don't feel sorry for you.
No. I'm sorry. It's ignorance. Put your lipstick on it, go ahead. Tell us all about how the hobby is changing because sometimes things change you know. It's still a pig, and these "seasoned collectors" you're referencing are idiots leading idiots. Some astute revelation. Forgive me, but it's just plumb wrong.
I agree with you...but I also disagree with you. I disagree with your "lipstick on a pig" reference. There are collectors out there who like machine doubling and do collect coins with significant doubling. Roll searchers and guys with their microscope are into that. So...I say collect what you want. But, these coins are basically valueless and are not widely collected. Can big ones sell for a premium...sure. But not like this. A few dollars OK...but this is an example of an uneducated buyer.
You've got them and so do I. Who doesn't have them? We collect the freaks. But the proposition is, this is trending. And among seasoned collectors. More like the collectors who wouldn't know what to do with a Red Book if they had one. Sure, collect what you want, that's what it's about. They could put these together with their "double dyes," far as I'm concerned, they're just as meaningless. Trend, my hoof.
It's possible someone knowledgeable did a BIN, then immediately disputed it with eBay. It's possible that someone bought the coin, will receive it, will show it to other collectors, will be told "it's not what you thought", and will successfully file a Not As Described claim based on the "Double Die" title and description, or based on the Uncirculated category description and AU text description (it can't be both, so one claim is false). I can't be bothered to engage sellers like this, but if I had time on my hands, I'd consider this a no-risk purchase -- the seller doesn't have a leg to stand on. Of course, it's also possible that someone will buy this coin, be happy with it, and leave it as a disappointment for their heirs.
Now we're seeing it the same way. It's like we're collecting jewels and they can't for the lives of them figure out what we got against collecting cut glass. And then one goes on eBay at the price of a diamond and it's like, whoa, there's this trend in jewel collecting! Why? Because things change! Well, not quite, kiddo. Get a Red Book, start out right...
I never once said anything about the price it sold for which is ridiculous and I agree they buyer was ill informed as to what he was buying. My sole point was that Machine Doubling sells at a small premium (usually) and there are collectors for it. It can no longer just be passed off as NAV doubling, even though you or others think so.
Cleaned coins sell well, too, and all over the Internet. But it's hardly a trend in the hobby, and it's certainly not a trend among seasoned collectors. Same goes, here. You want to collect strike doubling, do it, nobody's stopping you. But don't come on here and wildly maintain the hobby is changing for it. There are newbies dropping in and out of here all the time, some even trying to learn a darn thing or two, believe it or not. We're constantly having to differentiate their "double dies" as strike doubling for them, the very thing you're maintaining we're collecting, now, because this hobby we all enjoy has somehow changed. Well, we're not, and it didn't. But anything extreme is collectible, and always has been. Plating bubbles and grease-fills are collectible when they're extreme, as well, as is, of course, strike doubling. But that's the end of it. No hobby is changing for it. It's always been these "freaks" sell. That's no revelation or divine inspiration. But they're still freaks. And let's not mislead the less-knowledgeable and unenlightened, coming on here and trying hard to find their way, into thinking otherwise. There's my only beef. In a nut...
