I could buy it for $485 the description says, Error Coin - 1972 Lincoln Doubled Die Obverse Type 1 - Red Gem, BU, Highly Sought After, UnCirculated
My first thought is, why is that coin not in a slab? My second thought is, why is it that you are always in a hurry?
I'm not sure, I guess I don't want somebody else to get it, there are a few people watching it now...
There are thousands of them. You can afford to wait until you know what a Class I DDO is. http://www.doubleddie.com/58222.html
Depends on the grade, like every other coin. And with only one small image of one side of the coin, no grade is possible. For the record, "thousands" of these is probably hyperbole; I wanted to slow you down. All the same, there are hundreds known in TPG slabs and who knows how many hundreds left to discover? In a reputable TPG slab, in MS64, you could expect to pay north of $300 for this coin. For $485, I want a PCGS MS65, somebody else having already taken the risk of the surfaces not being original or the coin having circulated.
Do yourself a very big favor and very slowly re-read the above quotes, and try to do so as if they were posted by someone else. Now ask yourself if you see anything suggesting a problem, or at least worthy of questioning. Anything? Okay.... you've started a number of threads lately asking very basic questions regarding a number of different types of coins. Not a bad thing, but it's become pretty clear that you've money, I assume from Christmas, just a burning a hole in your pocket. It's obvious you're very excited to be able to buy something new, but you, much more than ANY coins, need to think this through. Once the money is gone, it's GONE, and I promise you, especially at your age, you'll almost certainly lose interest in whatever you buy very soon, and unless you happen to have a set outlet for the coin/coins allowing you to recoup a majority of the cost, I fear you're going to take a bath. You're not thinking things though and are allowing whatever catches your eye to become desire of the moment/day, even if you know little to nothing about it (case in point), only to quickly move on to something else. To be blunt, you're doing little other than setting yourself up for a major disappointment, and I most respectfully suggest you slow down before it's too late. It may not be as fun and exciting, but perhaps consider buying a quality book on one of your favorite types/series. Perhaps another book on some of the basics you seem to be lacking at this point in time, setting the money aside until you're actually ready to make an intelligent and non-emotional purchase. Knowledge will stick with you for life while an iffy coin or two, bought in haste, will become a regret before you know it. Be smart.
The only thing you make in a hurry is a mistake. Do your homework before you buy. If you miss out on something it wasn't meant to be. This hobby is a life long project. You don't have to do it all at once.
I second all of the comments above. Some very wise advice in IMHO. However I also remember what it was like to be young and to be excited about something new I was interested in (wish I could replicate that same excitement about ANYTHING as an adult ). If I may make a suggestion I would recommend to buy the books and do your research etc. but in the meantime use some of that $485 dollar budget to buy something less expensive with a less numismatic premium like a 1921 Morgan Dollar or an ASE. There is nothing quite as satisfying as holding a sizable chunk of silver in your hand and this may help lessen your desire to blow your money on big purchases while you study. Plus you know you can pick those up for around $20 so you don't have to worry about being taken advantage of. Keep asking questions and learning and Before long you will be the one answering the questions on here.
