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<p>[QUOTE="Andy Herkimer, post: 1438195, member: 32344"]Ok, let me try to clarify here, first they are all LP2 2009 P mint coins. I always read that anything too small to see with a 5x loupe is not going to be much use to anyone so I use a 10x Bauch&lomb for initial searching purely because I find it easier that the 5x. I have some WDDR-075's which I looked at with a 10x and missed the ddr but pulled them out because they had die crack that ran across the mallet to the rim. Only when I came to look at it under the scope did I notice the hand error so it is so minor I can not see it with the loupe. I agree they may never be worth much although from what I understand sometimes the very coins that are considered worthless often end up being the ones that no one saved. I noticed this when my nickel collection 1938-2012 was supposed to have a key date of 1950. However it was actually one of the cheaper nickels presumably because people recognized the low mintage and saved them all? I think I paid $15 for an ms 65 and cracked it out of the slab, I paid the most for a 1942 D type 1 nickel I think at $60 bu ungraded.</p><p>Anyhow to my mind that would not be worth slabbing as it is so minor only if it increased in value due to rarity or if needed for a set would it interest anyone.</p><p>The ddr's I have found that I thought were worth saving are wddr 014, 076 (borderline but with a massive late stage C die crack from rim almost to Lincolns shoulder), 046 stage A + B. I also found six other variety's that were less prominent and a very few oddballs one of which has the thumb detached from the hand.</p><p>All are interesting but the one that I actually like the most is the double die obverse wddo-009. It does not do it justice when you look at the pics on Wexlers or Coppercoins website. They are very easy to spot even with a 2x because of the thickness in the word liberty. So I am not so much asking why the minor doubled dies are....well considered minor, more I am asking about why the prominent ddo's and ddr's are so cheap. Maybe because there are so many types that confuses things?</p><p><br /></p><p>Now on mintage there were 376.000,000 lp2 Pennsylvania cents minted, I find maybe two or three ddrs per roll in boxes that I have targeted as being likely to have double dies in them. So say 6% are ddo/ddr which is generous as I pay a premium for the boxes I know are likely to have them in. then that would be 22,560,000. There are at least 121 known variety's maybe more so divide 22,560,000 by 121 and you come up with 186,446 per variety. Now I know this will not be accurate and I know die life should be a lot more than that but again no one knows. So there may be some variety's with very small mintage's and some with huge mintage's. Also I notice that many good investment coins were the unpopular ones, either deemed over priced when they went on sale so not many were purchased or people did not like the design so they were unpopular.</p><p><br /></p><p>I know all that is conjecture but still it adds to my thought that they may still be cheap.</p><p><br /></p><p>On the value my point is more one of what I see as being value, I always buy what I think is good value with few exceptions (some coins you just cant resist) and maybe I pay $50 for a 1995 ddo cent and feel I barely got any value. Whereas for $5-10 you can buy a wddo-009 which to me is in the same league. I love the 1955 ddr but I don't think I would ever buy one for $1500+. Now to the point that price is dictated by demand. Surely if you buy when something is in demand you are riding the train, if you buy something that is undervalued you nearly always have a good investment. But if you can see value and anticipate demand then that would be the best investment. There is a really good book out there called the black swan by Nicholas Taleb which I recommend for reading. </p><p><br /></p><p>To some extent I trust my own judgment or instinct on this but then I also doubt myself constantly. When I was buying gold eagles PF/MS 69 at $400-600 and ounce my wife thought I was nuts, then when I sold them at $1700 each she thought I was a nuts for selling them! Maybe she is nuts lol!</p><p>I am a great believer that when people get greedy I get scared and sell, but right now people are scared and I see opportunity everywhere. I would imagine that inclusion in the cherrypickers would help though maybe not skyrocket, but it still seems to me that many do not look at these as genuine double dies because they are not what they expect to see like the 1995/1955? Perhaps Steve is right that the nature of double dies has changed and peoples expectations are slower to change than the technology. I never really thought of it like that being so new to them I never really formed opinions as to what they should be.</p><p> </p><p>I have a number of coins I pull out on occasion to marvel at, sometimes a 1995 ddo, double struck or broad struck, or a cool struck through grease. As an engineer I marvel at the train of events that caused them to be created. Each uniquely different almost like a fingerprint. I also marvel at toned coins, these are a whole subject on their own as people try to fake them. Again I am amazed at the iridescent tones and colors. When I look at many of these 2009 double dies I find they have the same affect on me.[/QUOTE]</p><p><br /></p>
[QUOTE="Andy Herkimer, post: 1438195, member: 32344"]Ok, let me try to clarify here, first they are all LP2 2009 P mint coins. I always read that anything too small to see with a 5x loupe is not going to be much use to anyone so I use a 10x Bauch&lomb for initial searching purely because I find it easier that the 5x. I have some WDDR-075's which I looked at with a 10x and missed the ddr but pulled them out because they had die crack that ran across the mallet to the rim. Only when I came to look at it under the scope did I notice the hand error so it is so minor I can not see it with the loupe. I agree they may never be worth much although from what I understand sometimes the very coins that are considered worthless often end up being the ones that no one saved. I noticed this when my nickel collection 1938-2012 was supposed to have a key date of 1950. However it was actually one of the cheaper nickels presumably because people recognized the low mintage and saved them all? I think I paid $15 for an ms 65 and cracked it out of the slab, I paid the most for a 1942 D type 1 nickel I think at $60 bu ungraded. Anyhow to my mind that would not be worth slabbing as it is so minor only if it increased in value due to rarity or if needed for a set would it interest anyone. The ddr's I have found that I thought were worth saving are wddr 014, 076 (borderline but with a massive late stage C die crack from rim almost to Lincolns shoulder), 046 stage A + B. I also found six other variety's that were less prominent and a very few oddballs one of which has the thumb detached from the hand. All are interesting but the one that I actually like the most is the double die obverse wddo-009. It does not do it justice when you look at the pics on Wexlers or Coppercoins website. They are very easy to spot even with a 2x because of the thickness in the word liberty. So I am not so much asking why the minor doubled dies are....well considered minor, more I am asking about why the prominent ddo's and ddr's are so cheap. Maybe because there are so many types that confuses things? Now on mintage there were 376.000,000 lp2 Pennsylvania cents minted, I find maybe two or three ddrs per roll in boxes that I have targeted as being likely to have double dies in them. So say 6% are ddo/ddr which is generous as I pay a premium for the boxes I know are likely to have them in. then that would be 22,560,000. There are at least 121 known variety's maybe more so divide 22,560,000 by 121 and you come up with 186,446 per variety. Now I know this will not be accurate and I know die life should be a lot more than that but again no one knows. So there may be some variety's with very small mintage's and some with huge mintage's. Also I notice that many good investment coins were the unpopular ones, either deemed over priced when they went on sale so not many were purchased or people did not like the design so they were unpopular. I know all that is conjecture but still it adds to my thought that they may still be cheap. On the value my point is more one of what I see as being value, I always buy what I think is good value with few exceptions (some coins you just cant resist) and maybe I pay $50 for a 1995 ddo cent and feel I barely got any value. Whereas for $5-10 you can buy a wddo-009 which to me is in the same league. I love the 1955 ddr but I don't think I would ever buy one for $1500+. Now to the point that price is dictated by demand. Surely if you buy when something is in demand you are riding the train, if you buy something that is undervalued you nearly always have a good investment. But if you can see value and anticipate demand then that would be the best investment. There is a really good book out there called the black swan by Nicholas Taleb which I recommend for reading. To some extent I trust my own judgment or instinct on this but then I also doubt myself constantly. When I was buying gold eagles PF/MS 69 at $400-600 and ounce my wife thought I was nuts, then when I sold them at $1700 each she thought I was a nuts for selling them! Maybe she is nuts lol! I am a great believer that when people get greedy I get scared and sell, but right now people are scared and I see opportunity everywhere. I would imagine that inclusion in the cherrypickers would help though maybe not skyrocket, but it still seems to me that many do not look at these as genuine double dies because they are not what they expect to see like the 1995/1955? Perhaps Steve is right that the nature of double dies has changed and peoples expectations are slower to change than the technology. I never really thought of it like that being so new to them I never really formed opinions as to what they should be. I have a number of coins I pull out on occasion to marvel at, sometimes a 1995 ddo, double struck or broad struck, or a cool struck through grease. As an engineer I marvel at the train of events that caused them to be created. Each uniquely different almost like a fingerprint. I also marvel at toned coins, these are a whole subject on their own as people try to fake them. Again I am amazed at the iridescent tones and colors. When I look at many of these 2009 double dies I find they have the same affect on me.[/QUOTE]
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