Excessively Rare Cent/Dime "Mule" to be Offered at Auction!
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Dallas, Texas: In the parlance of numismatists, a "mule" is "a coin
or note with a mismatched obverse and reverse." This may mean different
types, different denominations, or even different countries. It is an
exceptionally rare error, and specimens of this type are exceptionally
prized by collectors.
"This incredible error, which hails from Part Two of the Bellaire
Collection, somehow escaped the scrutiny of Mint employees," said Greg
Rohan, President of Dallas-based Heritage Auction Galleries. "We are
uncertain how a Lincoln cent obverse die was paired with a Roosevelt
dime reverse, but this coin proves that it happened."
"Only a handful of U.S. mules are known to exist," Rohan said. "This
particular piece was widely publicized in Coin World and Numismatic News
soon after its discovery. In the nearly 225-year history of U.S.
coinage, with literally hundreds of billions of coins struck, the
incredible rarity of the mule cannot be overstated."
"The obverse is sharply struck on the figure of Lincoln and the date,
although the opposing dime die, being slightly smaller than the cent
planchet, caused minor peripheral weakness on the obverse," Rohan
continued. "In other words, nothing was behind the periphery of the cent
die to force the expanding metal into the recesses. Naturally, the
slightly smaller reverse dime die caused that side to be boldly struck."
"Shortly after this phenomenon dropped from the mismatched dies,"
Rohan added, "it was discovered in Erie, Pennsylvania by someone who
found the coin in a roll of 1999 cents obtained from a local bank. The
discoverer then sold the piece to Dempsey & Baxter, a local jewelry
store. Dempsey & Baxter held onto the piece until the present consignor
'made them an offer they couldn't refuse' in 2003. The consignor had
hoped to surprise his father with the coin as a Christmas gift; however,
his father unexpectedly died on October 2 of that year, several days
before the coin was actually to be purchased. The consignor went ahead
and bought the coin after his father's death and kept it alongside his
other double-denomination errors."
"It has since been beautifully preserved," Rohan said, "and has
developed no spots or other distractions. The coin remains a solid
Premium Gem MS66, with full mint Red. For the error specialist, this
would be the centerpiece of an advanced collection. Error collectors
will long remember the present coin and can only hope that someday it
will again be publicly offered. This prize represents a unique
opportunity. It is undoubtedly one of the most important highlights of
this or any other numismatic auction."
Included with this coin are copies of numerous articles from trade
publications, local newspapers, and Internet news pieces, as well as a
promo piece from Dempsey & Baxter that is signed by Jay W. Johnson, Mint
Director when this piece was struck.
Heritage Auction Galleries will offer the 1999 1C Lincoln Cent
obverse die muled with a Roosevelt Dime Reverse on a Lincoln Cent
Planchet. MS66 Red PCGS in their upcoming Signature Auction, to be held
April 26-29, 2006 as the official auctioneer of the Central States
Numismatic Society's 2006 Convention, at the Greater Columbus Convention
Center, located at 400 North High Street, Columbus, Ohio.
1999 1C Lincoln Cent obverse die muled with a Roosevelt Dime Reverse
on a Lincoln Cent Planchet. MS66 Red PCGS
Images, descriptions, and prices realized from all of Heritage's
previous auctions are available in the Permanent Auction Archives at the
To reserve your copy of a catalog for any upcoming Heritage auction,
please contact Nicole Jewell, c/o Heritage Auction Galleries, 3500 Maple
Avenue, 17th Floor, Dallas, TX 75219, or call 1-800-872-6467, ext. 272.