The auction price is the final sale price! People paid and bought the coins! I recommend you go to PCGS and check the 1970 S small date and 1970 S large date all different types; Red, Brown, Red and Brown with different grades, then you will see that all of them are sold at very good prices! Yes, you will learn about numismatics, and you do not need to talk about Toyota in this regard!
As was stated before, post a link to this so called 20 thousand dollars sold coin. I can't see for all of the hot air that's being blown fogging up my glasses. You consistently post coins that aren't what you think they are. So don't come off all high and mighty to me. I've forgotten more about coins than you apparently will ever take the time to learn.
You don't have that coin and you will never find it in circulation. It also says auction record. That doesn't mean all of coins in that state will sell for that much.
All the top prices for this coin were sold by Bowers and Merena. Can't even find photos of the coin. Here is the latest sale of a 65RD. 1970-S 1c PCGS MS65 RD (Doubled Die Obverse, Lg. Date), MS65RD - PCGS Auction Prices By the way Teran you don't have the Doubled Die.
Lets see, same thing we have been saying for the past couple years. Thats (MD) Machine Doubling (DDD) Die deterioration doubling And just plain ole damage. It looks nothing like a FS-101 (029)
Actually I am a fan of reading a good documentary. Forget the date look at the MM. This is what separation lines look like. Early 70's coins are hard to find.
Cuz I can’t tell one from the other. I do have the mint sets of both 70s varieties and still can’t tell the difference. CT members told so when I showed them
I have a large number of these DDO-007, almost a full roll UNC from a deceased dealer friend. And they are only valued @ $70 each or maybe more now. photo from coppercoins.com 1970S DDO-007