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Lot
177

1969-S 1C Doubled Die MS63 Red NGC....

2009 October Signature US Coin Auction #1130

 
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Auction Ended On: Oct 22, 2009
Item Activity: 12 Internet/mail/phone bidders
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Location:

Heritage Auctions
3500 Maple Avenue
Dallas, TX 75219

Preliminary Lot Viewing
The Saint Charles Convention Center
Booth 501
Saint Charles, MO 63303

 

Description:
Important MS63 Red 1969-S Doubled Die Cent
1969-S 1C Doubled Die MS63 Red NGC. FS-101, formerly FS-028. This impressive variety has a rarity factor of "URS-6" according to the most recent edition of the Cherrypickers' Guide, a figure that suggests survival of between 17 and 32 pieces. While it is not so famous as doubled dies such as the 1955 and 1972, owing to its rarity, the 1969-S Doubled Die cent has seen several recent high-profile auction appearances that have raised its prominence.
In the 40 years since it was struck, the 1969-S Doubled Die cent has seen much controversy, most of it in its first years. Q. David Bowers writes in his Guide Book of Lincoln Cents that due to the appearance of counterfeit Philadelphia 1969 cents that simulated broad doubling, the initial government reaction was hostile: "The Secret Service went on a witch hunt for these, believing that they were counterfeit in the style of [the] fake Philadelphia Mint doubled dies ... By the time these were acknowledged as legitimate, five genuine coins had been destroyed ... ."
This example is one of the survivors, whose true numbers are likely on the low end of the "17 to 32" range. Each side has fresh lemon-copper luster with just a bit of orange. Though faint, scattered abrasions are the norm and several copper spots are present on the reverse, neither type of fault affects the bold doubling that has captivated collectors. A great opportunity to own this famous Lincoln cent rarity, worth 10 points each in the PCGS Set Registry, Major Varieties and Complete Varieties Lincoln cent collections.(Registry values: P1) (PCGS# 2923)

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