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Lamanation Errors, How Do They Affect Values ?

 
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Valued Member
United States
449 Posts
 Posted 07/05/2014  01:36 am Show Profile   Bookmark this topic Add vanbroj to your friends list Get a Link to this Message
I see these moreso with Buffalo nickles than any other series.
When you run across a coin with this error, do you add value, subtract value, or does it not matter ?
I have seen all three opinions and am curious how the members here feel about this issue ?
Bedrock of the Community
United States
31912 Posts
 Posted 07/05/2014  06:20 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
If you collect LAM's then it adds value,the bigger the LAM the more increase in value. If you don't collect LAM's then you probably pass on that coin with the LAM.
John1
( I'm no pro, it's just my humble opinion )
Searched 5+ Million Cents Since 1971
Pillar of the Community
United States
4450 Posts
 Posted 07/05/2014  07:35 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply


It all depends on individual interests.
Describe it as if there were no picture.
Picture it as if there were no description.
Pillar of the Community
United States
587 Posts
 Posted 07/05/2014  12:44 pm  Show Profile   Bookmark this reply Add razorear to your friends list Get a Link to this Reply
May add value to lower valued coins and subtract value of pricier coins, all depends on the collector and size &location of the lam.
Pillar of the Community
United States
1804 Posts
 Posted 07/05/2014  1:37 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply
May add value to lower valued coins and subtract value of pricier coins, all depends on the collector and size &location of the lam.



Valued Member
United States
449 Posts
 Posted 07/05/2014  3:21 pm  Show Profile   Bookmark this reply Add vanbroj to your friends list Get a Link to this Reply
Let me rephrase the question :
As you look at coins at coin shows and Coin stores, do you usually see discounts or premiums attached to coins that have lamanations ?
Moderator
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United States
23520 Posts
 Posted 07/05/2014  4:09 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
You'll usually see them offered at a premium, because the right collector will pay it and the ones who won't, won't bite at all.
Pillar of the Community
United States
2452 Posts
 Posted 07/05/2014  6:40 pm  Show Profile   Bookmark this reply Add robbudo to your friends list Get a Link to this Reply
small lams definitely detract from higher grade coins.
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