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 Replies: 19 / Views: 2,511 |
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Bedrock of the Community
Australia
21786 Posts |
Several years ago, a coin dealer in Sydney was selling massive offset strikes of U.S. coins, such as this one, for $5 each. They have a market value in Sydney these days of around $50 each.
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Rest in Peace
United States
1943 Posts |
Nice find! If you go to any of the larger shows in the US you will find dealers with a small container on their table with off centered cents selling them for $4-$8 each.
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Pillar of the Community
United States
2624 Posts |
Derek:  Nice find  Your coin has an advantage over Fuzzy317's: a full date.Full date off centers should carry a higher value than partil or no date types.Actual value is what ever someone will pay for it. |
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Pillar of the Community
United States
632 Posts |
 The one and only that I have found does not show the full date, my date is 198?. Nice find especially since the date is showing. |
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Pillar of the Community
United Arab Emirates
557 Posts |
Nice find. I for one like error coins like this one. May not be worth a lot, but they certainly are cool to look at. Congrats!
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Rest in Peace
United States
10625 Posts |
Very nice find! I'll bet that was good for a decent burst of adrenaline...
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Valued Member
 United States
125 Posts |
I was surprised to learn from you guys, and also doing a bit of a search that they are not worth too much. Is it because they're that common? If not, then I guess it must be because there's not a market for them, since it's not something people look for everyday. Oh well, I'm going to hold on to it, and if nothing else, keep it as a good conversation starter :) . I suppose that 1909 VDB I found in that stack is more valuable after all! lol, I might share some of my other nice finds in another thread at some point after doing a more thorough search.
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Pillar of the Community
United States
632 Posts |
They are very very difficulty to pull from the wild, because they are an obvious error and usually get pulled soon after they hit circulation. So while they are not worth a lot, they are an awesome find in the wild.
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Pillar of the Community
United States
8516 Posts |
I love em too, six bucks for this one...  Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Moderator
 United States
15422 Posts |
Thrilling find from the wild. Although it's not going to make you rich ... always nice to find one.
David
Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
United States
844 Posts |
I would be just as excited. Congrats!!
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Bedrock of the Community
United States
10045 Posts |
Congrats on finding that cool coin!  |
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Bedrock of the Community
United States
12437 Posts |
Quote:
Is it because they're that common? If not, then I guess it must be because there's not a market for them There is certainly a market for them but off-centers are also one of the most common error types so that tends to limit the value of most examples. A full date adds to the value and the best examples have a date and not much else. Your coin is roughly 40% off-center and would be worth $7-10. The US Mint has utilized new QC measures for a little over a decade now with the goal of reducing the number of errors leaving the Mint. Prior to that, the best source of errors were the small canvas mint bags received by banks. This was the primary source for the best errors that would not be able to fit into a roll and, of course, many other errors that could fit into a roll. |
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Bedrock of the Community
United States
17884 Posts |
Now if it was a 2002 or later THEN it would be something to get excited about. As biokemist mentioned they put stricter quality control measures in place back then, and also switched to horizontally striking presses. This makes off-centers dated 2002 and later MUCH rarer and quite valuable (think three figures instead of one). The QC would catch most of them and many fewer were made. With a vertically striking press if the planchet is not in the collar it sits there and can be struck by the dies. With a horizontally striking press if a planchet is not in the coining chamber it falls out of the press. You may get the dies clashing but not an off-center. To create an off center the dies have to come together and catch the planchet while it is falling out of the way from between them.
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Valued Member
United States
250 Posts |
nice find I'm sure ill run across one that is that offset after awhile...the biggest off set I have found was one that was only about 10%...it was on both sides of the coin....but I'm guessing that that is what an offset is as if it was just one side it would be considered a miss aligned die....is that correct?
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Replies: 19 / Views: 2,511 |
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Posted 12/16/2012 09:20 am
