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 Replies: 19 / Views: 5,115 |
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Pillar of the Community
Canada
5324 Posts |
Your penny is rounded out now, so not even 1 cent.
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Valued Member
 Canada
109 Posts |
@john100 thanks drats less than a penny lol... Well going to go off and go search for more that's worth more than a penny hahaha
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Pillar of the Community
Canada
5324 Posts |
Just kidding, still worth 1 cent, but keep hunting
Edited by john100
12/10/2017 5:50 pm
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Valued Member
Canada
458 Posts |
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Rest in Peace
10197 Posts |
Mint errors like die chips, cracks, Cud, and other cruds are quite common, the normal process of metal machining. They will hold no real special value unless say a very dramatic Cud, or die crack with retained materials. Minor boo-boos no value unless you find a buyer, some idiotsunwary buyers/sellers do purchase these being convinced they are worth something only later to find out not so.... |
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Pillar of the Community
Canada
822 Posts |
Oh please Crazy, you cannot predict if something will have future value. Yes, most will have little or no extra value. BUT, sometimes a crack or chip could become a variety. A few examples; (1946 50 cents in MS65 - $2040, w/ hoof over 6 $5900), (1949 50 cents in MS-65 - $900, w/ hoof over 9 $2760), (5 cents 1964 in MS-65 - $78, w/ EWL $880), (1936 25 cents in MS-65 $810, w/ bar $2350).
Did you know that none of the 4 die-crack variety examples above were even listed in the 1983 Charlton ? Almost no one collected varieties like these before 1980 because most collectors dismissed them looking for errorless examples, and thought they diminished the value.
No one in my day knew of the 1964 EWL until it was written about in 1970 (I was 20). Bang, everyone was looking for it. I immediately started looking for it as I continued to roll hunt. I found only 3 or 4 VF - cost 20 cents, worth maybe $1.00 each then. Jackpot for a collector making about $3 per hour at work (listed value now $30 each).
The crack the 1936 quarter is tiny. I have many coins with more dramatic die cracks than these, but at this time they are not sought after, especially at high prices, but who can say they will never be worth much.
No one can say what error may be the next big thing. Who ever thought that Pokemon would go anywhere, or in my youth, baseball and hockey cards ? Yes, Mom got rid of my 2 shoeboxes full of 1956 to 1964's.
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Valued Member
Canada
109 Posts |
@TerryT thank you very much for the great information you shared,. I will keep that in mind I will keep my coins with die cracks and chips just in case and also thanks for the list of coins to look for, Sweet this will make my hunt for coins even more exciting ...
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Pillar of the Community
Canada
5324 Posts |
There are like 300 million pennies produced every year, there has to be some minor chips and such, even the nickels with short and extra waterlines, dealers has many in stock with few buyers, MS 65 or higher coins tend to have a market for themselves as the grade goes higher, but if you like them keep hunting but they are hard to sell especially pennies.
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Pillar of the Community
Canada
822 Posts |
Dealers have many in stock because most want crazy high prices. I think there are more collectors looking for errors than some of you imagine. Many of the roll hunters are not looking for MS65 + coins, they are looking for errors. The majority of collectors don't do several hundred or thousand dollar transactions for one coin. I sell modestly priced items on ebay, and varieties like 1962 5 cents DD, 1979 1 cent DD, and nice hanging number cents always seem to sell. Mark in the title that it's an error and there are always more lookers than the same coin without one. Just look at the interest in this section of the coin site - hundreds of people talking about errors. |
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Valued Member
Canada
109 Posts |
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Pillar of the Community
Canada
822 Posts |
Perfect example of "you never know which little error may be valuable"; 1936 Bar 25 cents (tiny die crack). The "Bar" variety sells for about 4 to 5 times the price of a regular 1936 quarter in circulated grades from VG to VF. I have an 1872H with the same kind of crack going across the H, and a 1910 quarter with the same crack as the "Bar", but they are not known in multiples and there is no interest for now. If I were to sell mine, I would mark the "Bar" variety and maybe get a a few dollars more but nowhere near 5 times. However, maybe in 5, 10, 50 years, cracks and clashes will be big, like my $7.50 FINE-15 1881H large cent with a reverse die clash. Yes, a die-clash error that is now a rare variety. (addition to original post. I bought this coin years before the Charlton 2011 catalogue came out and listed it in the variety section, and had kept it purely for the error. Pure luck it is worth much more now.)  Edited by TerryT
12/14/2017 5:40 pm
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Valued Member
Canada
109 Posts |
Very nice thanks for sharing TerryT
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Pillar of the Community
Canada
5251 Posts |
@og_cujo, I have a small collection of minor mint errors-cracks, delaminations, etc.
They make a nice little study collection/ cabinet of curiosities. So if you are doing roll hunting, you will probably come across more. You may as well keep them since they cost you nothing, and they will always have a modest premium over regular coins, since they are a curiosity.
If they are priced modestly, they will sell. They are not rare, but it takes a lot of labour to find these, and your potential buyers are paying for your time.
You will need to do you research to determine if your error is worth 50 cents, $1 or more. More spectacular errors are obviously worth quite a bit more.
Edited by oriole
12/14/2017 07:31 am
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Valued Member
Canada
109 Posts |
thank you oriole. Sweet Gona save these just incase I'll call this goggle error hahaha makes the 00 look like goggles
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Moderator
 Canada
10460 Posts |
Quote:Quote:
Oh please Crazy, you cannot predict if something will have future value. Yes, most will have little or no extra value. <snip> I just wanted to say that was an excellent post Terry... varieties and the thrill of the hunt is what made collecting for me... and in part is the motivation why I write my "Canadian Spice" column in the CN Journal. "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Replies: 19 / Views: 5,115 |
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Posted 12/10/2017 5:47 pm
