| Author |
 Replies: 33 / Views: 5,257 |
Page 3 of 3
|
|
|
|
Pillar of the Community
United States
1132 Posts |
Just out of curiousity Dcnw...What's the year & Mint Mark? It would be interesting to know where/when this guy was created. Inquiring minds & all.  |
|
Pillar of the Community
United States
624 Posts |
 Was also wondering the Date and Mint Mark. Really cool find no matter what year it is though. |
|
Pillar of the Community
United States
7390 Posts |
I bet with all the bad things staples do to coins that a freakin staple struck into a coin would be a big draw relative to a similar coin with just a random piece of wire or other debris in it
|
|
Valued Member
 United States
264 Posts |
|
|
Valued Member
United States
264 Posts |
Fred made an offer, not sure what the etiquette is with pending offers, if I can say what he offered. Also sent it to Stacks who said they would accept it for auction. Am thinking it might be best to get it certified though since that definitely seems to improve the worth?
|
|
Pillar of the Community
Canada
5324 Posts |
Ask Stacks or Heritage what previous wire in coins sold for if it's close to Mr. Weinberg's offer, no need to think.
|
|
Pillar of the Community
United States
1132 Posts |
Quote:
Am thinking it might be best to get it certified though since that definitely seems to improve the worth? That depends. If you do decide to sell via auction, the certification will definitely improve the final hammer figure due to internet/phone buyers having the peace of mind of a certfied "authentic" example. If you're selling directly to an experianced numismatist (like Fred), certification will mean very little as they already know what it is they're looking at/paying for. |
|
Valued Member
United States
264 Posts |
Found this one on heritage's site, but it is back from 2006. Sold for $1150. Have prices gone up or down for error coins since then? Either way, the offer does not come close to that amount, lthough the penny example is certainly more dramatic.  |
|
Valued Member
United States
460 Posts |
It's actually struck through a wire bristle found on a cleaning brush. Often referred to as a staple due to its shape. Struck through retained "staples" are in demand. Being that yours became "trapped" along the collar makes it much rarer than one struck through just the reverse or obverse. Most seem to be struck into reverse since they tend to lie on the reverse die more often than finding their way on to a planchet just before the strike. I have never seen one in the position of your coin and I have seen a lot of them, relatively speaking. Here is a Morgan struck through a partial retained staple. I have a Jefferson nickel too but don't have an image readily available.  |
|
Pillar of the Community
United States
2669 Posts |
DCNW, it sounds like it might be a better idea to auction it if the offer does not come close to the sales price generated by the cent. Dealers need to make money so they will offer less than market value, but even taking that into consideration it should not be so low as to effectively be a 'low ball' offer. Did he offer any other information on it, such as a verification of the wire, or anything else? You could ask Stacks if they will get it certified for you as some of the big auction houses do that as a service. Bear in mind that it will be a while before your item comes up for auction as they plan them well in advance. So if you're looking for a quick turnaround, a big auction house is not the way to go. If you don't mind the time needed (2-3 months usually) then they are a good choice. Check how much they charge in fees, both on the buying and selling side, as they differ and you can end up with much less after the sale. You could also get it certified and put it up for sale yourself, on ebay or other auction/sale places. And welcome to the forum, and to coin collecting in general! You may end up wanting to keep this fine example if you get bitten by the collecting bug |
|
Valued Member
United States
264 Posts |
Thank you. That is all good advice. I have had a few of the coins certified through NGC so I am familiar with the process. I think I may try that and ebay. I do think the offer was unusually low, but maybe it just did not really interest him that much. |
|
Valued Member
United States
264 Posts |
Sorry, realized I did not answer your question. He said it was a scarce error and please advise if I was interested in selling it and what I valued it at. I asked if he could recommend how to research the price since I was having difficulty finding something similar, so that I could judge a value. His response was:There are so many error types that not all are listed in references or auctions in many cases.., and his offer.
|
|
Bedrock of the Community
United States
17884 Posts |
That is the problem with trying to value significant errors. Every one is unique so there is no way to look at others to get a price estimate. Sure there are other coins struck through "staples" but no two are precisely alike
|
|
Pillar of the Community
United States
2125 Posts |
Very cool. Never seen this one before.
|
|
Valued Member
United States
54 Posts |
Never seen anything like this particular error - thanks for sharing!
|
|
Page 3 of 3
|
Replies: 33 / Views: 5,257 |
Page 3 of 3
|
First Page
Previous Page
Posted 09/08/2015 01:24 am
