Discussion in 'What's it Worth' started by Razz, Jun 28, 2021.
Doubling on the L of Longacre's initial on the ribbon is the pick up point.
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So what is it worth? No added value or 6x premium, depending on condition/grade?
That says to me get it in a PCGS slab and in an auction before they change their mind.
Thanks Sal, I figured there would be a couple of "whatever someone is willing to pay" answers. Anyone else?
Lets look at it another way, for insurance purposes. Doug always says the value is what a knowledgeable collector or dealer would pay. I haven't looked to see if heritage has sold this particular die variety and don't have access to a greysheet to see if the variety is listed there. Short of taking it to Rick Snow or sending it to PCGS, any other IHC series collectors or experts have an opinion?
Edit: HA sold a 63 in 9/19 for $276 and back in 2013 SB sold a couple of 62s for $213 and $274. So the variety is down in value as mentioned above. Condition rarity and collector demand would drive the values. If CPG is correct and up to 1/4 of the mintage may display this die variety because more than one die had the "error", how would we ascertain the survivorship in higher grades? Obviously the variety would not be random across grades. Maybe just not enough demand for anyone to really care.
Have any of these ever sold in any auction you're aware of? $19.95. And if you order yours right now we'll send you a second one free, just pay the processing and shipping charges. Seriously, even PCGS has no clue what the market is on one of these, they don't even have any auction history on them, see here. Anybody else has to be just as arbitrary, don't you think?
Neither can I but prices are dependant on supply and demand. It is technically a doubled die variety.
My rule of thump with varieties is if I need a microscope to see the variety I'm not interested in paying a premium for it. The best doubled dies in the Indian cent series is the doubled die reverse of the 1865 where the words ONE CENT are doubled and the 1873 doubled liberty. These are easy to spot just like the 1955 Lincoln Doubled die obverse.
As for value, Auction history seems to indicate that an MS-63 is worth in the $250 to $300 range. I can't justify $500 based on the sales I see, but it is clearly worth a large premium over a regular issue.
http://members.iphouse.com/frech001/Al's Flying Eagle and Indian Head Cent Complete Design Set.pdf
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