1955 double dyed 5 penny

I went to a coin shop and was looking through a bin with the "lower end stuff" so I jumbling through and I see the impressive double dyed 1955 penny! Immediately I bought it and left before the dealer could say anything else. I got home to realize that I may have been ripped off because only the 5 is double dyed not the whole number, can anyone tell me the approximate value to see if I got ripped off. It Stolly has the reddish tone and I would say it's BU but ill put a picture up tomorrow

 

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You have what is called the "poor man's double die." It's die deterioration, and was very common in 1955. They still sell for a buck or two. Was it advertised as a doubled die.

 

It says 1955/5 and I got it for 1.50 so at least I didn't get ripped off

 

Must be using a smart phone since the coin has not been dyed.

Or maybe it has??

At any rate, its a doubled die.

</end of educational post>

 

No, you didn't get "ripped off". I do not agree with how this gentleman labeled the flip, but no one put a gun to your head and made you buy the coin. If you don't know what you're buying, don't buy it.

This is called is a very inexpensive lesson.

 

I say that 1.50 is not anything to lose sleep over... If I had my redbook with me I would have checked

 

Oh I didn't see that post... Sorry I'm on my phone lol just didn't want to forget to post that... DAM YOU SPELLCHECK!!!!

 

You could definitely do worse on gamble purchases than $1.50. I know people that have blown either hundreds or thousands of dollars on a gamble. Sure, nothing to lose sleep over. But definitely a "learning experience" as others have said.
I would recommend reading books such as "strike it rich with pocket change" and "the cherrypicker's guide to die varieties" if you want to get into the error/variety side of collecting.

 

poor man's 1955 double die $2-4

 

Was there ever a photo of this?

 

still: doubleD die

 

I love double dyed stuff!

 

Yeah. A real 1955/55 penny would retail about $6000-$7000 in that grade.

 

Don't we need some actual evidence here? Did you guys see a photo that I can't?

 

Okay, but this is not what the clearly stated ad was for, is it? Your estimate is also very high for a generic "BU" example of the actual variety, but this is beyond the point. Even with advertising as "1955/5", the addition of "poor mans doubled die" directly below in bold makes it very clear what this offering is for.

Again, if one does not know or understand what they are buying, they should not buy it, and if they do, they only have themselves to blame.

 

Even then, it would still be at least $2K

 

Perhaps, but this is still NOT what was clearly offered in the advertisement. If I wanted a new SL and answer an ad for a Camaro convertible, should I be bothered by the fact that they are two different things?

Something else you should consider when throwing values out there is that generic "BU", depending on the seller, can have many, many different meanings, so don't automatically assume MS and problem free. Regardless, the point is that the ad was clearly not for the variety the OP hoped and that you mentioned, so this is all apples and oranges.

The OP's description is more than enough to know it is not the variety he originally thought, and fits well with the so-called "poor man's" version. If he wishes to post photos for confirmation, I assume he will do so.

 

Just for the fun of it. This is the real deal.

 

Looking at 55 DDO hurts my eyes and head.