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Heritage World Coin Auctions
FUN Signature US Coin Sale 1251  4-6 & 8-9 Jan 2017
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Lot 5540

Starting price: 1 USD
Price realized: 28 000 USD
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Lincoln Cents
1969-S 1C Doubled Die Obverse, FS-101, MS62 Red and Brown PCGS. The Cherrypickers' Guide calls this variety "very rare," and the amount of collector demand that it experiences is comparatively enormous. Including likely resubmissions, PCGS has seen only 45 examples, mostly in lightly circulated condition. The 1969-S doubled die obverse cent is extremely rare with substantial original luster.
The variety was first discovered in 1970, but its legitimacy was for a time questioned by authorities who were investigating counterfeit 1969 Philadelphia doubled die cents. By the time the 1969-S doubled die was cleared as a genuine Mint product, five examples had wrongfully been destroyed, according to Q. David Bowers in A Guide Book of Lincoln Cents. Today, the variety is easily the most significant in the Lincoln cent series, and it is ranked #1 in Schechter and Garrett's 100 Greatest U.S. Modern Coins, where it is also awarded prominence on the cover. The authors of that work call it "the king of all Lincoln cent varieties."
The present example immediately strikes the viewer as seemingly too red for a Red and Brown coin, although closer inspection reveals wisps of auburn toning and a few specks that prevent the Red designation. The coin is sharply struck and has grade-consistent abrasions. When seeking an example of this remarkable rarity, many collectors disregard consideration of grade, as acquiring any Mint State example is a grand achievement. Population: 3 in 62 Red and Brown, 2 finer (11/16).
From The Mile High Collection.
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