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Replies: 53 / Views: 12,814 |
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Pillar of the Community
Canada
2301 Posts |
I find it very hard to believe that someone would pay 1500.00 for a modern die clash unless tricked into believing it was rare. Sorry, just my thoughts on it.
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Valued Member
Canada
61 Posts |
The 1st person to discover that clash was "Line", on Numicanada, and she presented it on january 16th, 2008. During the months and years that followed, though quite a few collectors and error hunters started seeking for it, nobody found another one. So after thousands of coins examined by all those collectors, I finally was lucky enough to find a 2nd one, some 3½ years later. You can see that coin on the 1st picture of this topic, the one Ortiable first presented as "his" coin. By the way Ortiable, I'm still waiting for real pictures of your coin. JeyRey2000, clashes occur when the upper die strikes the lower die without having any blank between them. By clashing together, they will leave more or less marks on one another. If you look at the 1st picture in the present topic, you will see some marks on both sides that aren't part of the original design. You will find some (obverse/reverse) mountings to help you see where the marks are on this page: http://www.numicanada.com/pieces-de...mages&id=268
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Pillar of the Community
Canada
1166 Posts |
Quote: Hi ikandiggit,
I am sure that you will agree with this : " There is no accounting for tastes " !
An error that is not important for me can be " a must " for an other collector.
That's not always question of money ( $ ), but question of interest !
Agreed. That's why the U.S. "Three-legged Buffalo" nickel is one coin that collectors debate over. A simple case of overpolishing created this. Someone gave it an intriguing name and voila!... a high demand is created. I collect die clashes but most are found in circulation or bargain bins. I won't discourage anyone from collecting what they like but I personally won't pay big bucks for for something like this. If someone does, fine, it's their money.
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Valued Member
Canada
402 Posts |
Hi ikandiggit,
In the trends of the " Canadian coin News ", I see many coins, similar to the "Three-legged Buffalo" that are listed from many, many years in this journal : this is not a new process from collectors, in the numismatic world ! I think that sellers are also interested by this, for profits ($$$).
I take, as examples :
- 5 cents 1946 Arrowhead - 5 cents 1957 Bug Tail - 5 cents 1964 XWL - 10 cents 1936 Bar - 25 cents 1936 Bar - 50 cents 1946 Design in 6 - 50 cents 1949 Hoof in 9 - 1 dollar 1967 Diving Goose !
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Valued Member
Canada
402 Posts |
This coin : " 10 cents 2010 Volunteers ", with an exceptional DIE CLASH, is one the rarest that I know !
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Pillar of the Community
Canada
2301 Posts |
A die clash is a die clash. By the nature of how they are produced makes them not rare. Finding an 1858 5 cents with a triple clash on the Obv. in MS is RARE. Promotion of a clash is admirable, but saying there are only 2 known is misguided as well as misleading. IMO
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Valued Member
Canada
61 Posts |
"Promotion of a clash is admirable, but saying there are only 2 known is misguided as well as misleading." I don't get it nickelsguy, why would that be?  Hiding informations or giving false informations on purpose would be, but I can't see what's misguided or misleading here... I'm not saying there can't be any other one out there, only that so far, only 2 have been discovered despite the fact many error hunters were, and still are, looking for it. I totally understand that someone who's not into error coins wouldn't pay 2$ for that, but how can we judge people who collect those and the price someone is willing to pay?
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Pillar of the Community
Canada
2301 Posts |
The statement should be "I know of 2...." not 2 known. For the record, I am an error collector.
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Valued Member
Canada
61 Posts |
Ok, english is not my first language and since I like precision, I guess I should have write "we know of 2". If anyone felt miguided or mislead, my apologies.
What I know though is that even if we discuss semantic, it doesn't make this coin more common.
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Valued Member
Canada
284 Posts |
Even though a die clash isn't unique as a flank defect (there can be 2 identical or more) there is still a wide range of occurence depending on the year and the denomination. Some years are common, some are less common and some can be rare. Although I'm surprised at an offer of 1500$ for that coin, I wouldn't be surprised if it was worth 50$ to 100$. It's only a matter of demand. Find 4-5 more examples and put a cool name on it, and the prices will be going quite high. I personnally set aside every 2001 dime to check them just in case, as I'd love to put my hands on one like that :)
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Pillar of the Community
 Canada
9865 Posts |
I can't believe the $1500 offer was declined.How much does the owner think it's worth? Maybe it's emotional attachment,my dog cost less than a dime,wouldn't sell her for $1500,but that's not because she's worth more.
Edited by DBM 04/03/2012 12:44 am
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Pillar of the Community
Canada
1166 Posts |
So, have any been sold for $1,500? Or is the "value" just what the owner is saying?
I am sure you are all aware of the "penny on dime" (U.S.) that the seller claims is worth more than $10,000,000 even though nice examples sell for $1,200 - $3,000. Just because he says he won't sell it for anything less doesn't mean that that is what it's worth.
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Valued Member
Canada
61 Posts |
Let's go through this again...
2 coins like this were found SO FAR, meaning there are PROBABLY some more out there. That's why I'm asking Ortiable to present his own coin, because we've been on this project for over 4 years now, thousands examined, but only 2 discovered. I've no doubt someone else will come up with a 3rd one someday, only for now, we know it's a hard one to find.
Now the 1st collector to find this clash (jan. 2008) decided, after a while, to send it to CCCS for certification, and it came back as an AU-50. 3 years later (march 2011), she received the 1500$ offer, and knowing that collector a bit, I have no reason to believe that this offer wasn't true. Actually she's everything but an eager seller. She never tried to sell her coin before this offer, and never used this offer in trying to sell the coin after. Neither did I.
Why someone would pay that much, and why this collector declined, I've no clue. DBM mentioned "emotional attachment", it might be. The 1500$ that came up wasn't a price she asked, someone just offered it. So unlike ikandiggit's example, this time the buyer came up with that price, it wasn't the seller's.
Still, on Numicanada, we all had the same reaction you guys have now: 1500$ is way over what we would have think. And it DOESN'T mean it sets up a price for this coin. Actually I regret I brought that up, because now we're talking more of the $$$ than the coin itself.
Nevertheless, 3 months after that offer (june 2011), I finally found a 2nd one.
On my side, I never received any offer for this coin. If you ask, would I receive the exact same offer, yes I would sell. I would send the coin for certification, and would probably send it in a nice coloured box with a large red ribbon, along with a nice chocolate box. And my guess is that the collector who was willing to pay 1500$ would probably lower his offer, knowing that the coin he was willing to buy is not presumed "unique" anymore (we're talking speculation here, assuming that being a recent coin, someone could open a roll tomorrow and find 15 of those).
So the real concrete facts for now: -we know of 2 coins with these clashes so far -none was sold or traded, so there is no real price to refer to
Hope I made things a bit clearer.
Edited by La loutre 04/03/2012 11:34 am
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Valued Member
Canada
402 Posts |
DBM, you say : " I can't beleive the $1500 offer was declined. " Because the rarity of an coin, it seem to me normal to have a hight price for a coin that's very very rare, no ? As example of a rare coin, I see today, on ebay, an extremely RARE coin : 1 cent 2006P non magnetic,ICCS MS-64, Red, for $2500. ICCS population = 77.
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Pillar of the Community
Canada
1166 Posts |
I didn't mean to upset anyone, I was just pointing out that that is an enormous amount of money for a fairly comment defect. I have several die clashes on coins that have far more dramatic clashing than what's shown here that I'd have a hard time getting more than a few dollars for.
I realize that it's the demand for it that dictates the value but in this case until one actually sells for that asking price, to me it's just a die clash worth what I think is a few bucks at most.
I have a "rare" $10 banknote (the inverted serial number). There should be at least forty of these notes in circulation but so far after 2 years, I have the only one. The market value says it's worth $400-$500. If unique, it should be worth far more but until I sell it, I could say it's worth $10,000 or if someone offered me $10,000 for it and I declined, it would still have the market value of $400-$500 not $10,000 whether I thought it was or if that was what was offered to me.
That's all that I was saying.
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Replies: 53 / Views: 12,814 |