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1969-S 1C Doubled Die Obverse MS64 Red and Brown PCGS. CAC. FS-101....
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Description
1969-S Doubled Die Cent, MS64 Red and Brown
The Key to the Lincoln Doubled Die Series
1969-S 1C Doubled Die Obverse MS64 Red and Brown PCGS. CAC.
FS-101. Although the 1955 Doubled Die cents are the most famous
doubled dies in the series, the 1969-S Doubled Die cents are far
rarer and more elusive. The 1969-S Doubled Die cents for many years
saw their prices and collectability depressed by a couple of
factors. First is the extremely common strike-doubled 1969-S cents,
which can be found even today by the roll in Uncirculated condition
with little effort. (The mintage of all 1969-S cents was a huge
544,375,000 pieces, so it is little wonder that many pieces exhibit
strike doubling.) The strike-doubled pieces show doubling on the
mintmark as well as other areas and are only worth face value. On
the true Doubled Die 1969-S cents, the mintmark was added after the
repeated hub squeezes required to produce a working die resulted in
the die doubling, so the mintmark is not doubled.The second factor that depressed prices -- and actually increased the rarity -- of the 1969-S Doubled Die cents is well-told in an article by Jaime Hernandez on PCGS' Coinfacts website. The story begins this way:
"The 1969-S Doubled Die Obverse cent was one of the few coins ever to appear on America's 'Most Wanted' list, not because it was such a desirable coin but because it was once considered to be counterfeit. By sheer coincidence, this absolutely real coin became tainted by another counterfeit -- the 1969 Doubled Die Obverse cent."
Hernandez relates how two men began counterfeiting 1969 (Philadelphia) Doubled Die cents and many other coins, only to be found out by the Secret Service, which began confiscating the coins that were released into circulation. In the process, some genuine 1969-S Doubled Die cents, believed to be counterfeit as well, were found by the Secret Service and destroyed.
Hernandez writes that "it is believed that less than 100 examples of the authentic 1969-S Doubled Die Obverse cents were produced." PCGS has currently certified 34 submissions of the 1969-S Doubled Die cent, only 11 of which are Uncirculated. There are 11 others at NGC, including three Mint State pieces.
The present coin, MS64 Red and Brown PCGS, is numerically tied for the finest at PCGS with one other coin and two in MS64 Red. There are none numerically finer at PCGS regardless of color (1/12). The original red is only slightly mellowed, and the brown is mostly evident on the figure of Lincoln. Extremely strong doubling is evident on the date and all obverse lettering, save for the mintmark. One tiny fleck appears at 2 o'clock on the obverse and one near 8 o'clock on the reverse. This piece represents a rare opportunity to acquire this famous and fascinating Lincoln cent variety. Population: 2 in 64 Red and Brown, 0 finer (1/12).(Registry values: P1)
Coin Index Numbers: (PCGS# 2922)
Weight: 3.11 grams
Metal: 95% Copper, 5% Zinc
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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