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November 15, 2013

COIN OF THE WEEK

 

1955 Lincoln Cent, Double Die Obverse, PCGS AU58 CAC
Click on Coin Image to enlarge


1955 Lincoln Cent, Double Die Obverse, PCGS AU58 CAC - $2,550.00


Presenting an absolutely GORGEOUS specimen of the worlds most popular 1 cent coin, the 1955 Lincoln Cent, Doubled Die! This great collector coin is graded PCGS AU58 and is approved by CAC. 1955 Double Die Lincoln Cent, one of the Top Ten most popular and sought after error coins and the worlds most popular cent! Yours for only $2550.00. Please contact me by email or telephone to reserve this great coin.

1955 Lincoln Cent, Doubled Die Obverse PCGS AU58 CAC. 1955 Double Die Lincoln Cent, one of the Top Ten most popular and sought after error coins! This mainly chocolate brown with touches of light orange, 1955 Lincoln Cent Double Die Obverse is lustrous and clean, for the grade. The highest points show just a bit of wear, and the surfaces are completely original. The coin is well struck with full details on Lincoln’s hair, bowtie, and the wheat stalks. Even the O in ONE is full and strong. The doubling on the date, LIBERTY, and the motto are obvious without the aid of magnification. The CAC sticker indicates that this piece is of premium quality and well within the grade range indicated.

The Lincoln cent has seven design types all with substantially the same obverse. Designed by a Lithuanian immigrant, Victor David Brenner, the obverse shows a portrait of Lincoln in profile, facing right. Above his head, near the coin’s edge, is the motto IN GOD WE TRUST. In the left field is the word LIBERTY, even with the collar of his jacket. In the lower right field is the date. The mintmark, if any, is below the date. The Type 1 reverse, used from 1909 to 1958 and known as Wheat Ears, shows two stylized wheat stalks on either side of the coin enclosing the denomination ONE CENT. The legend UNITED STATES OF AMERICA is below the denomination. E PLURIBUS UNUM is in an arc at the top of the coin between the tops of the wheat ears. The designer’s initials VDB appear at the bottom near the rim only for part of the first year of issue. They were removed for subsequent issues and not restored until 1918 where they were placed on the lower edge of the truncation at 7 o’clock.

Brenner who was born Viktoras Barnauskas, a Jewish immigrant who lived in New York City, is best known for his design of the Lincoln cent. The obverse is the longest running design in United States Mint history, from 1909 to the bicentennial and then continued. President Theodore Roosevelt picked Brenner’s design after having posed for him in New York. Roosevelt learned of Brenner’s talents in a Lower East Side settlement house where Brenner had made a bas-relief of Lincoln. It became the basis for the coin’s design. Roosevelt considered Lincoln to have been the savior of the Union and his spiritual predecessor. He ordered a new cent to be based on Brenner’s work and produced to commemorate Lincoln’s 100th birthday in 1909.

Only 88 specimens of this iconic American coin have been approved in grade AU-58 by Collectors Acceptance Corp. Less than 300 in all grades as of 11/9/2012 and this represents just a tad above 10% of the total PCGS pop! A little over 10% of the pops have been approved by CAC. In our opinion specimens of this caliber are truly undervalued in relation to there non CAC approved counterparts.

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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