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Are Error Coins Worth Anything

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Pillar of the Community

Australia
841 Posts
 Posted 01/16/2012  03:39 am Show Profile   Bookmark this topic Add Ausjack to your friends list Get a Link to this Message Number of Subscribers
Are error coins worth anything or just good to say you have one as there seems to be that many errors getting around it's not funny and I've been letting them swim free but if they're worth anything I'll trap them too
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trout1105's Avatar
Australia
7096 Posts
 Posted 01/16/2012  03:48 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
I personally don't collect error coins, I like mine as perfect as I can get em
But there are heaps uf collectors that ONLY collect errors.
They ARE a rarity so they do command a premium over face value, So yes they are worth hanging onto.
The largest outlay for an error coin that you find yourself will be $2 or $1, 50cents ect.
If they are genuine errors they can be worth quite a lot of money, for example the wavey 2 in the 20 cent.
Miss strikes ,die cracks,cuds, mules are al worth a few bob.
So hang onto them mate
No catch and release here
Pillar of the Community
Australia
841 Posts
 Posted 01/16/2012  04:10 am  Show Profile   Bookmark this reply Add Ausjack to your friends list Get a Link to this Reply
I personally don't collect error coins, I like mine as perfect as I can get em

Perfect just like you

I was more thinking about nancyc's collection and what it'd be worth and is it worth doing and straining the old eyes and looking like this and also wondering if I want to take my collecting in another direction but fair dink I think I cover enough and still thinking about the silver coins
Pillar of the Community
trout1105's Avatar
Australia
7096 Posts
 Posted 01/16/2012  04:17 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
The only overdate I have put on my wish list is the 1922,21 3d.
But some of the newer errors can buy you a fair amount of silver predecimal coins if ya sell em
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enworb's Avatar
Australia
4411 Posts
 Posted 01/16/2012  06:05 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
I have only just started looking at errors the last month or so and have found that some of the rarer errors such as mistrikes and planchet clips do ok whilst others like Cuds and die cracks aren't worth much above face unless they're quite severe. I'm holding onto any errors at the moment but as is being discussed in another active thread I have no doubt in another month I will look back and think why did. keep that?
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trout1105's Avatar
Australia
7096 Posts
 Posted 01/16/2012  06:36 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
enwarb the errors have to be prety drastic to make the big bucks.
But in the end thats not what coin collecting is about.
A lot of collectors love to find errors and activly collect them, Good on them, if thats what they like great.
Each to his/her own.
Personaly I prefer a perfect coin anyday
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enworb's Avatar
Australia
4411 Posts
 Posted 01/16/2012  06:59 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
I to also prefer a perfect coin but can see how people would get hooked on erros. Theyre very unique and you can own something no one else does.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 01/16/2012  07:21 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Collecting errors is actually a compliment that the mints have such high QC standards.
Valued Member
dibby33's Avatar
Australia
465 Posts
 Posted 01/16/2012  07:23 am  Show Profile   Bookmark this reply Add dibby33 to your friends list Get a Link to this Reply
yeup, the banks should be paying us to look for them!
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trout1105's Avatar
Australia
7096 Posts
 Posted 01/16/2012  07:26 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
I suppose with error coins you don't really have to worry about the grade of it.
I agree with bigfred the QC makes these things pretty hard to acquire
Pillar of the Community
trout1105's Avatar
Australia
7096 Posts
 Posted 01/16/2012  07:29 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Dibby, by the time you found one the dies would be 3 years old
Sorry mate just takin the piss
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 01/16/2012  2:57 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
My take on error coins is that anyone can get hold of a perfect version of any circulation coin, especially when you take into consideration the numbers minted.

Some of the error coins could be one offs, although I do have multiples of many, I have some that I've only ever seen one of, so their worth to me is quite high. I know I probably would not get much for them, but hey, I don't plan on selling them.

I'm actually culling them as I go through them and any that are too prolific are going back in the bucket, mostly 20c so far.

Have a look at the Sold items in this ebay search, see for yourself if you can be bothered looking for them.
http://www.ebay.com/csc/Coins-/1111...udlo=&_pgn=2
life is a mystery to be lived not a problem to be solved
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 01/16/2012  4:01 pm  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
I've been collecting both USA & WOrld error coins for over 15 years, my favorite errors are multi-struck coins... Pictured below is a certified 1 Rupee from India dated 2002 that was struck over 100 times...

Are-Error-Coins-Worth-Anything

Are-Error-Coins-Worth-Anything

Are-Error-Coins-Worth-Anything
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 01/16/2012  4:24 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
Wow, that one really copped a hammering!
life is a mystery to be lived not a problem to be solved
Valued Member
spg1's Avatar
Australia
363 Posts
 Posted 01/16/2012  7:53 pm  Show Profile   Bookmark this reply Add spg1 to your friends list Get a Link to this Reply
i like this one:


Are-Error-Coins-Worth-Anything
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 01/17/2012  7:18 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
Sweet!
life is a mystery to be lived not a problem to be solved
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