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Replies: 40 / Views: 6,698 |
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Forum Dad
 United States
24161 Posts |
Yeah, me too. Worth much more than $200.
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Pillar of the Community
United States
1005 Posts |
Mintage has a bearing on the rarity of an error. At the same probability of error, more coins minted for a date = more error coins for that date.
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Forum Dad
 United States
24161 Posts |
But when you're talking about a one of a kind like this, it doesn't matter.
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Pillar of the Community
United States
1005 Posts |
just carl made a good point that there are so many out there that there is no certainty this is the only one
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Forum Dad
 United States
24161 Posts |
The perception right now is there is only one. Perception drives value. As I've said, another 10 billion of this yr/mm minted doesn't change the value of this coin. If other similar ones like this pop up then yeah, that may affect it. It's not a simple doubled die or clip.
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Bedrock of the Community
United States
94367 Posts |
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Bedrock of the Community
 United States
12839 Posts |
I know it's a big cute pup nose, but does anyone else see a duckling when they look at llewellin's avatar?  My 2 cents here....the market is the market. If your market is one fool that will pay a million dollars for a coin that may or may not be unique, that's still a market - if it sells. And I'm not calling anyone a fool here. I spend lots of money on things most people wouldn't and I know I'm a fool sometimes. My wife would say "daily". Example: there is a seller that has a 1997 baseball card I'm interested in listed on ebay for the past 5+ years for anywhere between $1,1750 and $3,000 depending on the week. I know this because I have a search for this subset of cards that I've been trying to finish for the past 20 years. Until I win the PowerBall, there is no way I'm going to pay $2k+ for a card that is MAYBE worth $300 at auction. I've made offers in the past but this seller has no interest in selling where the market (me) is. So his market (or is it mine?) just doesn't exist. You all know this. I'm just taking a moment to regale you with a very boring anecdote.
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Bedrock of the Community
Australia
21788 Posts |
CK: that was what I saw as well! 
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Pillar of the Community
 United States
5775 Posts |
I know the label says "Mirror Brockage" but isn't this just an early stage brockage as defined by Error-ref.com? Of course the value is determined by the market but the seller of this coin is going after "Market Buzz". And it has worked! There is a Jefferson nickel currently for sale, for reference, with multiple errors on the same coin- They are asking $1,700. NGC 5c 1965 Jefferson nickel 50% Off-Center on Dime & Full Brockage MS61.
Words of encouragement are one of the major food groups. We need to consume them regularly to thrive and grow.
Edited by Petespockets55 04/21/2019 11:12 am
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Valued Member
United States
206 Posts |
I agree with Bobby on this. There is often no comparable coin with errors, which makes them hard to price. Mintage affects the probability of there being more errors but does not affect the price of this.
Whereas doubled dies are all struck with an individual die, coins like this error are one of a kind.
Ultimately it is worth whatever someone will pay for it. However, there are some stunning errors which are well publicized and documented that are nowhere near the price asked.
For $200 I would but it in a heartbeat lol.
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Replies: 40 / Views: 6,698 |