4873

1955/55 1C Doubled Die MS64 Red PCGS.

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1955/55 1C Doubled Die MS64 Red PCGS.
1955/55 1C Doubled Die MS64 Red PCGS. A shortage of circulating Cents during the summer of 1955 set the stage for the production of this, perhaps the most popular error in all of U.S. numismatics. The increased demand for Cents this year forced the Philadelphia Mint to speed up its production schedule and, correspondingly, to diminish its quality control. As a result, an obverse die that had accidentally rotated between blows from the working hub slipped past the inspection team and ended up on the press. Mated with a properly prepared reverse die, this obverse produced between 20,000 and 24,000 Doubled Die Cents between midnight and 8 o'clock in the morning one day during the summer of 1955. The error was not discovered until after these coins had been integrated with other properly produced 1955 Cents. Since he did not want to destroy 10 million Cents in order to stop the Doubled Die examples from leaving the Mint, Chief Coiner Sydney C. Engel decided to let them pass. The first example was discovered by the public in Massachusetts late in 1955, and the error became popular within a few years. This is a beautiful representative of this popular 20th century error. The surfaces are frosty in texture with rich cherry-red luster. With no mentionable carbon or bagmarks, this coin is temptingly close to a full Gem grade. Boldly detailed. Important notice: Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid.