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333

1969-S 1C Doubled Die Obverse MS63 Red PCGS....

2009 March Baltimore, MD Signature US Coin Auction #1126

 
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Auction Ended On: Mar 28, 2009
Item Activity: 13 Internet/mail/phone bidders
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Location:

Sheraton Inner Harbor
300 S. Charles Street
Baltimore, MD 21201
(410) 962-8300
Auction Room: Meeting Room "Severn 1"

Description:
Important 1969-S Doubled Die Cent, MS63 Red
FS-101, Only Two Finer Red Coins at PCGS
1969-S 1C Doubled Die Obverse MS63 Red PCGS. FS-101 (formerly FS-028). The recently released fifth edition of Bill Fivaz and J.T. Stanton's popular Cherrypickers' Guide records the rarity of this variety as "URS-6," which means that between 17 and 32 examples are believed to exist. That is an extremely small number of coins for a collecting specialty as popular as Lincoln cents. (In fact, that is a small number of coins for nearly any collecting specialty.)
In addition to its rarity, Fivaz and Stanton have estimated its "Interest Factor" and "Liquidity Factor" as I-5 and L-5, respectively. Both ratings are the highest they give. An I-5 Interest Factor means "very high interest (most general collectors interested)" and an L-5 Liquidity Factor means it "will sell easily, and often above listed value." They further comment that "the publicity this coin has received over its lifetime has been enormous, hence the very high values, which are well deserved. This is a very rare, strong doubled die."
This beautiful cent has fully brilliant orange luster with satiny, slightly reflective surfaces and bold design features. A few tiny surface marks and a minor obverse spot are all that prevent a higher numerical grade. The date, LIBERTY, and IN GOD WE TRUST are all boldly doubled, sharply enough that the doubling can be seen without a magnifying glass. That is part of what makes this doubled die variety so popular. Machine doubled 1969-S cents are very common and have no premium value. Those machine-doubled pieces have a doubled mintmark in addition to other doubling. As always on genuine examples, the mintmark is normal with no doubling. That is the case because the die doubling occurred before the mintmark was punched into the die. This piece is one of only three Red Mint State coins at PCGS, and among the finest certified. There are two MS64 Red pieces and one MS64 Red and Brown numerically finer (1/09).(Registry values: P1) (PCGS# 2923)

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