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Posted 07/26/2007 7:44 pm
Lately there is a large boom in the error coin buisness. As the amount of normal coinage for collectors vanishes due to many reasons, other forms of coin collecting becomes more prevelant. Normal coinage vanishes as the amount of collectors increases, coins are lost, distroyed, made into charms and many other reasons. Error coins is just that subject for those that can not or will never finish a set of say, Mercury dimes. The type of error coins has grown with the hobby. Now there are many books written covering all the types of error coins that are constantly being found. I go to numerous coin shows and at many there are dealers that now specialize in just error coins. One dealer has vertually thousands of nothing but error coins. Many are very minor in nature but still command a decent dollar. Examples are the various type of offsets. some are so minor I used to throw back into circulation but now sell for several dollars each. There is a web site called coppercoins.com where it is discribed that almost every single year of the Lincoln Cent there are several types of errors.
As to which ones are the most valuable. That is purely by popularity. For example the famous 1955 double die Lincoln Cent can sell for thousands of dollars yet a 1942 double die is almost unknown and would hardly bring more than a few dollars. The 1972 Licoln Cent is climbing up there in value but no where near the 55 due to popularity. Offsets can vary dramatically in value. A massive offset with no date is usually only a few dollars but with a date can run into the hundreds, naturally pending condition and popularity of who is buying.
If you look in the rear of the Famous Red Book, 2008 edition, pages 386 and up there is a large description of many of the types and approximate values. Of course again let me stress the importance of popularity of certain types and denominations.
As to selling them on ebay, check out what is there now and that should give you an idea of what to charge or start with. If you have access to a coin show, there too you would get a decent education of the error coins values. I collect error coins and have many, many types. Good luck
As to which ones are the most valuable. That is purely by popularity. For example the famous 1955 double die Lincoln Cent can sell for thousands of dollars yet a 1942 double die is almost unknown and would hardly bring more than a few dollars. The 1972 Licoln Cent is climbing up there in value but no where near the 55 due to popularity. Offsets can vary dramatically in value. A massive offset with no date is usually only a few dollars but with a date can run into the hundreds, naturally pending condition and popularity of who is buying.
If you look in the rear of the Famous Red Book, 2008 edition, pages 386 and up there is a large description of many of the types and approximate values. Of course again let me stress the importance of popularity of certain types and denominations.
As to selling them on ebay, check out what is there now and that should give you an idea of what to charge or start with. If you have access to a coin show, there too you would get a decent education of the error coins values. I collect error coins and have many, many types. Good luck
