One More Piece For My Error "Type Set"

I like the fact that you are picking up these errors. Too often they are overlooked and more often than not undervalued.

You should like this one:

This one went to the Bower's Auction where it fetched over a grand.

I kick myself sometimes when I see the price of errors these days. In the 90's I got offcenter cents from coin room workers by the thousands...yep, in bags of 1000 pieces per bag and I'd usually buy several bags at once...for .45 each! In each bag there would be several coins that were smashed to the size of half dollars...some struck multiple times, many many die caps, saddle strikes, double and triple strikes, etc. Anything that was large and/or not the right size that wouldn't go through the shaker sorter, which has cent sized holes in the bottom. The coin room workers were allowed to buy them for face value and they were delighted to sell them to me. I was selling them in quantity for .55-.65 cents each and pulling out the big ones to sell to error dealers. At the time I used to think that I really should put a few of these away but the fact is they came so frequently and in such quantity that I never thought they would dry up. Then two things happened. A coin room worker on the eastern seaboard found a sac dollar a few months before they were supposed to be released...he bought the coin for face, took it to a local coin dealer who in turn sent photos to Coin World and Numie News...it made such a big splash that the coin service company was embarrassed (and probably chastised by the mint), so they forbid their employees from buying any coins.
The second thing is that the mint tightened up quality control about that same time and the flow of errors was virtually shut off. Another fun and profitable market went away. I distinctly remember before the end came, one of the coin room managers I used to know told me that they'd received an entire black box of coins that were all offcenter. The black boxes are waist high and moved around with forklifts. I'm not sure but I think each box contains $3k in cents. Can you imagine that many shiny new offcenter pennies in one spot? He said they'd had to send it back to the mint...what a waste :(

Very cool pictures. I am still flabbergasted that folks pay big bucks for these mistakes, however I am paying attention!

Looking at them, the first thing that comes to mind are peices of Arnold Schwartzenegger in the first terminator!!! Chunks of metal flying everywhere! LOL. Thanks for posting the pics.

Margaret

ND shhhhh..... I'm NOT done buying. :)

Kyra, yes indeed.... I love seeing error coins, especially major one of a kind errors, the bigger the better.

Nd you sure have run aross some great errors. Any nice ones in your personal collection?

Tradernick, Man that experience sounds awesome! Which I had a chance to do something like that, can't now. No more major errors....hmmmm.

As for the coin that started this thread........I got it today and boy is it a nice coin. Undergraded imo but that's fine by me. Under a lupe the late stage capped die part looks awesome plus it's off center to boot.

These are great, how do they ever get into circulation like that