1955D-1DO-001

[supaplums]

Its been a while but thought I'd show my latest finds. First is this nice 1955D-1DO-001. At least I'm pretty sure. I'll let the experts confirm. Also found a nice RPM. These were in an unsearched bag of 2500. Is that good or bad for the amount of coins searched? Should I feel lucky? I like them either way.

[supaplums]

By the way, the doubling shows best on the 1 and 9 of the date and Lincoln's eye. Is this worth anything? May be in a low AU condition.

[coop]

$6-12 or even higher in a higher grade. Very nice find!

Now that your done with that bag, go back through it again and see if you missed anything else. You just never know, there may be some minor RPMs you may have missed.

[supaplums]

Thanks! Unfortunately, because of money shortages, I've already sold the bag. Darn.

[eagames]

In some old coin magazines they were hyping this variety as an alternative to the 55 DDO and selling them for $185 and saying it was a bargain.

[coop]

Well it is a bargan. FOR THEM! Bottom feeders.

[supaplums]

$185 ?!!? SOLD!! Haha what a rip-off.

[coppercoins]

Because this is listed in the Cherrypickers' Guide, and because PCGS recognizes Cherrypickers' listed varieties, and because PCGS has a registry set now that includes these varieties, values have gone WAY up on such coins.

I would estimate this one - given eBay results - to be around $50. Used to be a $5 coin, now it's a lot more. I am working diligently on updating the pricing structure for these here on the site to reflect more accurate values.

To answer the question as to whether this (and the other no specifically mentioned) coins are a 'good' haul for a couple thousand wheats - yes and no.

Yes, because this is about all the more major stuff that could be expected. No, because there was probably a lot of more minor stuff missed.

With my trained eye, my average die variety to non-die variety haul is about 15 coins per thousand.

[Dick]

With things like this showing up, at this "late date", I wonder how many of us are considering going thru those boxes, (again), for the "umteenth" time?
I know that I missed many, but I still have all my wheats. Only the "zincolns" are at risk of trade, or dumping, as needed.

[eagames]

Dick,

It probably is worth looking again if you have the time and enjoy doing it.

I've sorted many bags and could tell many had been searched but always find something in them so that tells me it's there's almost always something to find.

Most searchers either only looked for key coins or higher grades (not varieties). Most variety hunters get lazy and if they have a big group to search they start going fast and only finding the big ones or not looking at reverses. All variety hunters have a learning curve so when they start they're missing some coins. Then there's the one's that get missed by mistake or they didn't look for that variety.
Some have a mindset that if it's hard to see they don't care about it but someone else might want that minor variety.

[supaplums]

I'll admit, I'm new at this and I'm guilty of getting lazy about searching everything. In the past, I would only set out the dates that had the more major varieties. I can see with the last batch that I'm probably missing tons of coins. In the last 500 I've searched, I checked ALL coins and so far have found 4 varieties! I'm sure I've still missed a bunch but it IS worth taking the time to do a more thorough search. Just found a 1944D-1DO-001 or at least I'm pretty sure. It's only a fine or so making it a bit difficult to tell. I'll post pics soon.

[supaplums]

Just as another question. Is it recommended that I have these "better" varieties slabbed or should I just leave them alone? I really am proud of my finds but I'm always in a financially precarious position it seems. Just wondering how a coin like this does selling raw on eBay or wherever?

[coppercoins]

I think ONLY the ones that are worth sending to PCGS are:

1. CPG listed
2. recognized by die with PCGS
3. in the PCGS registry set
4. gradable by PCGS (not just a 'genuine' holder).

Anything that meets ALL FOUR of these criteria would be worth the $25 or so it takes to get them in a holder...and I would send them in no less than five at a time to lessen the shipping blow.

[supaplums]

Ok thanks. Although I'm not sure what CPG is. (I'm still kinda green). Also, how can you get a list of what coins PCGS recognizes or are on their registry? Thanks for everyones help by the way!

[eagames]

CPG is the book "Cherry Pickers Guide"
It lists about 100 cents, mostly the well known varieties (but not all and some big ones aren't in it).

Since a lot of people read the book those CPG coins in it are easy to sell.
Your 55-D 1DO-001 and 47 1DO-001 are in it.
They use their own number system FS numbers.

I don't think your other coins are in the CPG but those 2 are.

PCGS will attribute any coin that's in the CPG, a few for no extra fee but the 2 you have require the extra error fee.

I'm not exactly up to date on which ones PCGS keeps in the registry sets, there are different sets and they keep changing it.

For the most part I wouldn't get any of yours graded. I think the 55-D is worth below the threshold. The 47 might have been worth it if you think it would grade without a problem but it has a few spots. I won't invest about what a coin is worth in fees since it doesn't really raise the value. The 47 is near that limit, if it graded 63 RB then it's worth grading but if not then it isn't.

I should add:

Look at the listing for your 47-P.
On the top it gives the Coppercoins number 1DO-001, it also gives the Coneca die number 1-O-1 and it gives the Wexler number WDDO-001 and the FS number FS-1C-021.3
Since it has the FS number you know it was in the CPG.
If you buy a new CPG you'll see that they changed their numbers so I think that coin became FS-101.
FS is the authors initials Fivas/Stanton of the CPG.

http://www.coppercoins.com/lincoln/diestate.php?date=1947&die_id=1947p1do001&die_state=mds