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Chance To Buy Hundreds Of Lincoln Errors...

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Pillar of the Community
Broken-Coin's Avatar
United States
1812 Posts
 Posted 03/17/2012  10:35 pm  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
I'm not sure how the error coin market has moved in the past ten years, but I used to purchase off center lincoln cents in B/U condition at wholesale prices of between one and three dollars each in lots of 100 coins...
The $1.00 cents would only be 10% off center, broadstrikes or dateless, whereas the $3.00 cents would be between 40 & 90% off center with dates...
From the year 2002 on, it is difficult to locate good off centers and multi-strikes...
I do have a 2003d Quadstrike (die strike - no 2nd planchet involved) Lincoln Cent I posted on this forum last year that cost me more then I wanted to pay back in late 2003, but I knew I would never come accross another one...
Rest in Peace
numismo's Avatar
United States
3039 Posts
 Posted 03/17/2012  11:53 pm  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
Research, research, research.
Valued Member
EnigmaticMindx's Avatar
United States
207 Posts
 Posted 03/18/2012  12:46 am  Show Profile   Bookmark this reply Add EnigmaticMindx to your friends list Get a Link to this Reply
K well I'm obviously an idiot.. I assumed I did good with the 1972 double dies.. I thought that they were a key date. As for the offset, it just looked cool and I've never found one so I wanted one. It was worth 5 bucks to me. With the 1969 Machine doubles I guess I just got excited because one was pretty extreme and the other has ear doubling.. Even though I knew those held no premium. The 1941 I just took a gamble on. Which that one confuses me because it doesn't look machine doubled, but there is also the same amount and type of doubling on the top of the mint mark. I thought they mint marks were hand punched? I am far from an expert nor claiming to be one.. I've only got into this about a month ago.. So I obviously made a mistake and blew a bunch of money..

I also might have an opportunity to buy a 1909s vdb so I figure I should ask my question about that in a new thread. I will ask the questions before I buy this time..
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/18/2012  12:57 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Not an idiot, just ignorant, and you're working on changing that.
Valued Member
EnigmaticMindx's Avatar
United States
207 Posts
 Posted 03/18/2012  01:02 am  Show Profile   Bookmark this reply Add EnigmaticMindx to your friends list Get a Link to this Reply
I'm trying. At least I have hands on examples of what not to buy now!
Maybe I can put them on ebay and get lucky and break even. Or at least soften the blow a little bit.
Pillar of the Community
amida17's Avatar
United States
4897 Posts
 Posted 03/18/2012  01:16 am  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Ignorant is a strong word...means you dont know and dont care to know...this is not you. Putting them on the bay to "break even" would be wrong...IMO

you made a mistake, learn from it, and move on.
Edited by amida17
03/18/2012 01:20 am
Valued Member
EnigmaticMindx's Avatar
United States
207 Posts
 Posted 03/18/2012  01:24 am  Show Profile   Bookmark this reply Add EnigmaticMindx to your friends list Get a Link to this Reply
Why would putting them on ebay be ignorant? They interested me, so they might interest someone else. I just looked on ebay at completed listings and see a bunch of offset pennies selling for 3-10 buck each. Most not as dramatic as the one I have. I also see a couple die breaks selling for a couple bucks each.

So what would be ignorant about listing them on ebay as what they are?
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John1's Avatar
United States
56855 Posts
 Posted 03/18/2012  07:54 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Trying to sell them on e-Bay or anywhere else isn't ignorant it's just wrong. Remember how you felt when you were taking advantage of,why would you want to make someone else feel that way? Live and learn, keep the ones you bought and put them in 2x2's and label them for your future reference.IMHO,
John1
Pillar of the Community
ikandiggit's Avatar
Canada
1166 Posts
 Posted 03/18/2012  08:00 am  Show Profile   Bookmark this reply Add ikandiggit to your friends list Get a Link to this Reply
This is what you can get for around $5 each or less. They are far more dramatic and interesting:

Chance-To-Buy-Hundreds-Of-Lincoln-Errors...
Chance-To-Buy-Hundreds-Of-Lincoln-Errors...

Chance-To-Buy-Hundreds-Of-Lincoln-Errors...
Chance-To-Buy-Hundreds-Of-Lincoln-Errors...

Chance-To-Buy-Hundreds-Of-Lincoln-Errors...
Chance-To-Buy-Hundreds-Of-Lincoln-Errors...
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/18/2012  08:37 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Amida-

I think you added a bit to the definition:
Quote:
â-¸ adjective: lacking information or knowledge
â-¸ adjective: lacking basic knowledge ("How can someone that age be so ignorant?")
â-¸ adjective: used of things; lacking sense or awareness ("Ignorant hope")
â-¸ adjective: ignorant of the fundamentals of a given art or branch of knowledge ("Ignorant of quantum mechanics")
â-¸ adjective: lacking general education or knowledge ("An ignorant man")
â-¸ adjective: lacking knowledge or skill

Note they all boil down to lack of knowledge. The cure for ignorance is education, which as I pointed out, he's working on.
Pillar of the Community
amida17's Avatar
United States
4897 Posts
 Posted 03/18/2012  09:59 am  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Fredd-...quess that made me ignorant
Bedrock of the Community
coop's Avatar
United States
62064 Posts
 Posted 03/18/2012  1:58 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
ikandiggit's coin are what I call errors. They are one time happenings. Machine Doubling, die cracks/chips/breaks/die deteriation.over polishings I don't call errors as they are not a one time thing. They are die issues progressively getting worse with age. It is why the value of gold and sand are so much different. One is common and rare.
Valued Member
EnigmaticMindx's Avatar
United States
207 Posts
 Posted 03/19/2012  12:09 am  Show Profile   Bookmark this reply Add EnigmaticMindx to your friends list Get a Link to this Reply
Well the offset that I bought is similar to one of the the ones that ikandiggit posted except that mine doesn't show the year. He had about 30-40 of them. anywhere from 10%-$100. which were the blank planchets. I also found what I first thought was a clip the other day in my change, but I suspect someone cut it. If you look you can see marks where it looks like someone started a cut, and didn't get through it. Here are some pictures of them. Basically the guy had a book filled will all kinds of things. TONS of the offsets and pennies with missing letters I saw a couple with say all of the LIBERTY gone. a bunch of missing FG, ones with in god we trust gone. They were all in the cardboard coin holders and labeled. I just bought a few to put on here and see if anything was of any value. I bought the two 1972's that were labeled "Double Die". The 1969's were labeled "Machine DD" the offset was labeled "Off Center" the die breaks "Diebreak" those also have grades written on them. He deals in junk, and is not a coin collector. I assume he probably got them from an estate. I don't know though. All I know is he said he didn't personally find them or put them in the holders. Who knows someone unknowledgeable like me could of done it. But there were hundreds of coins with clear errors. I just wasn't sure what to buy and took a shot to post some on here and see what they were.

But anyways here are the pics, am I right that the clip one is just PMD?

Chance-To-Buy-Hundreds-Of-Lincoln-Errors...
Chance-To-Buy-Hundreds-Of-Lincoln-Errors...
Pillar of the Community
ikandiggit's Avatar
Canada
1166 Posts
 Posted 03/19/2012  07:46 am  Show Profile   Bookmark this reply Add ikandiggit to your friends list Get a Link to this Reply
The clip is suspect (would need closer pics of the cut) because there is no Blakesley effect (which doesn't always appear on a clipped coin) but I would feel more comfortable if there was some evidence of it.

Can you take a pic on the cut edge?
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