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Struck Through Errors: Increased Value?

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Petersun's Avatar
Canada
1700 Posts
 Posted 11/20/2012  8:12 pm Show Profile   Bookmark this topic Add Petersun to your friends list Get a Link to this Message Number of Subscribers
Poll Question
Increased or decreased? Please explain your answers.
Do you think that struck through debris should also decrease the grade?

Poll Choices
 Increase in Value
 Decrease in Value

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amida17's Avatar
United States
4897 Posts
 Posted 11/20/2012  9:14 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Tough question. If it is a common coin it increases the value (slightly). If it is a key date it decreases the value (dramatically). IMO....
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Canada
9865 Posts
 Posted 11/21/2012  01:21 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Basically what amida17 says.For every coin there's a point where it's value as an error exceeds or debases its otherwise collectible value,depending on the dramatic effect of the error."struck-through" should not affect the grade but should be noted.
"Dipping" is not considered cleaning...
-from PCGS website
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Petersun's Avatar
Canada
1700 Posts
 Posted 11/21/2012  9:30 pm  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
Okay. Let's group every single coin error (from Coins and Canada Website).

Most of the errors listed are die problems.
There is also flaw or clipped planchets.
I also see double strike problems (retarded coin, etc.)

Struck through should fall under strike problems. In my opinion, the reason that makes people think that it should decrease the value is that struck through is caused by a third object (other than the die itself or the planchet). A "third object" is also what causes most post-minting errors or damage -- friction between coins, hammered coins, beaten coins, etc.

Here comes my opinion: The price should not be decreased (and the grade should not be decreased) due to the fact that the problem is caused during the process of minting, not after the process. However, it must be noted during the process of grading to avoid any confusion. The value should neither decrease nor decrease since it is not a post-minting damage. Cases such as struck through rubber band or paper clip (rare issues) should be exceptions.
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Petersun's Avatar
Canada
1700 Posts
 Posted 11/23/2012  7:13 pm  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
and Now we have a fifty fifty. For those who voted for decrease in value, could you please explain your own reasons (that you had) before I posted the previous post?
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1cent's Avatar
Canada
1051 Posts
 Posted 11/25/2012  01:06 am  Show Profile   Bookmark this reply Add 1cent to your friends list Get a Link to this Reply
I think it's worth a small premium. I have a couple of the large beads PL cents from 1965 which are struck though (thread), which for me adds instead of detracts from them.
Edited by 1cent
11/25/2012 01:10 am
Valued Member
Canada
334 Posts
 Posted 11/25/2012  08:52 am  Show Profile   Bookmark this reply Add errorone2012 to your friends list Get a Link to this Reply
I think it all depends on the degree of the strike through and the location . There is definitely some premiums attached . In the Canadian grading system , the grade should not be affected as it is "technical" grading . In the US grading system , the grade will be affected because they use the "eye appeal" system .
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SPP-Ottawa's Avatar
Canada
10460 Posts
 Posted 11/25/2012  10:09 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
My Two Cents:

The value of the coin, as an error, increases with the percentage of the face, or loss of design, that has occurred. Alternatively, the more exotic the item struck through (e.g., a steel wool thread versus a staple or scrap metal (silver fragment on a 1-cent), the more desirable. So while a small strike through of a steel wool thread on a PL coin might decrease the value, a large strike-through on business strike that has resulted in loss of device elements, would increase the value.

On my 1-cent and nickel dollar business strike registry sets, I hate strike-throughs... errorone2012 is correct, and PCGS accounts for that in the grade. In my error collections of similar denominations, I don't bother with threads and little strike-throughs smaller than 7-8 mm diameter - they don't have the 'wow factor' of an error coin. That does not mean they are not collectable - this is just my opinion as a collector of both ends of the spectrum.
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