1979-S 1C Type 2 DCAM Lincoln Cent (Proof)
The 1979-S Lincoln Cent Type 2, DCAM (Deep Cameo Proof) is a revered gem in the numismatic world, particularly among enthusiasts and collectors of modern coins. It is a quintessential piece that epitomizes the precision and craftsmanship of the U.S. Mint's proof coinage from the late 20th century. Minted at the San Francisco Mint, these coins bear the distinctive "S" mintmark synonymous with proof issues from this period.
Mintage and Identification
The 1979-S Lincoln Cent Type 2 is part of the Proof Set released in 1979. The distinction between the Type 1 and Type 2 proof cents arises from the style of the "S" mintmark. The Type 2, often referred to as the "Clear S" variety, features a sharply defined and more rounded "S" compared to the Type 1's "Blurry S," which appears less distinct and more blob-like. With a mintage of 3,677,175 sets, the 1979-S Proof Set doesn't stand out for low numbers, yet the Type 2 mintmark was produced in notably fewer quantities compared to Type 1. This scarcity is what heightens both its desirability and value in the numismatic market.
Value and Market Performance
Due to its relative rarity, the 1979-S Type 2 Lincoln Cent tends to fetch higher prices than its Type 1 counterpart. The coin's value is also significantly influenced by its condition, with higher value assigned to coins that exhibit deep cameo contrast, a hallmark of high-quality proof coins. Deep Cameo (DCAM) coins are characterized by a frosted design that stands out sharply against deeply mirrored fields, creating a striking contrast that is especially sought after by collectors. Values for the 1979-S Type 2 DCAM vary depending on the grade. In higher grades, such as PR69DCAM, they can command prices well into the hundreds and have seen sales at auction reaching upwards of $1,000 for those in the top echelons of preservation and appearance.
Historical Context and Numismatic Interest
From a historical perspective, the late 1970s were a period of transition for U.S. Mint proof coinage. The introduction of a new mintmark punch led to the different varieties in the 1979-S proof coins. The transition to the more distinct mintmark style reflects the Mint's efforts to increase the quality and aesthetic appeal of its proof issues, a move warmly embraced by collectors. Professional Coin Grading Service (PCGS) assigns the 1979-S Type 2, DCAM with the registry number 93461. This specificity aids collectors in tracking and organizing coins within their collections and is instrumental for those participating in registry sets.
Auction Performance and Collectability
In recent years, platforms like Stack's Bowers and Heritage Auctions have showcased 1979-S Lincoln Cent Type 2 proofs in their auctions. Coins of exceptional quality, especially those graded PR70DCAM, demonstrate robust demand, with premiums realized due to their pristine condition and eye-appeal. For collectors, the 1979-S 1C Type 2, DCAM encapsulates both a period of mint evolution and a testament to the enduring appeal of the Lincoln Cent series. Its combination of rarity, distinctive features, and proof quality makes it a cornerstone piece for modern proof collectors and a fascinating study in mint precision.
