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Worth The Trade?

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Author Previous TopicReplies: 15 / Views: 1,599Next Topic  
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Johntf26's Avatar
United States
80 Posts
 Posted 01/02/2013  6:31 pm Show Profile   Bookmark this topic Add Johntf26 to your friends list Get a Link to this Message Number of Subscribers
I collect silver coins more than I do lincoln cents. Should I trade a 1960 D over D Lincoln Cent for a 1937 D quarter? Any input?
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Dave H's Avatar
United States
1436 Posts
 Posted 01/02/2013  6:37 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
Is it the D over D, Large over Small date LMC? If so, the Red Book would indicate the LMC is worth a lot more than the quarter...
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Johntf26's Avatar
United States
80 Posts
 Posted 01/02/2013  6:40 pm  Show Profile   Bookmark this reply Add Johntf26 to your friends list Get a Link to this Reply
Im not sure, I have a post with pictures of it
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Dave H's Avatar
United States
1436 Posts
 Posted 01/02/2013  6:50 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
I don't think it's a double die date, only a re-punched mint mark. If the quarter is in AU or higher condition, personally I think the quarter may be worth a lot more
Edited by Dave H
01/02/2013 6:55 pm
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Johntf26's Avatar
United States
80 Posts
 Posted 01/02/2013  7:00 pm  Show Profile   Bookmark this reply Add Johntf26 to your friends list Get a Link to this Reply
its pretty worn but does have a readable date. I guess the lincoln error is called an rpm. Thats what I was told
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Dave H's Avatar
United States
1436 Posts
 Posted 01/02/2013  7:27 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
Completed E-Bay auctions for the 1960 D/D were selling for $4 - $5. The 1937 D quarters in VG/F condition are selling between $6-$10... I guess it all depends on which you'd rather have more for your collection...
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Johntf26's Avatar
United States
80 Posts
 Posted 01/02/2013  7:34 pm  Show Profile   Bookmark this reply Add Johntf26 to your friends list Get a Link to this Reply
Thanks alot for the information Dave.
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Dave H's Avatar
United States
1436 Posts
 Posted 01/02/2013  7:52 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
No problem. Glad to be of assistance
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ghostrider's Avatar
United States
1116 Posts
 Posted 01/02/2013  8:39 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
Just a question. As long as you're talking condition of VG/F for the 1937 D quarter, what is the condition of the 1960 D/D? I know that a RPM stands for a repunched mintmark. But how does do they compare gradewise to each other?

As a new collector isn't an error coin rarer in and of itself rather than the quarter?

Part of me says that a $10 coin can be purchased whereever, but an error coin would be harder to replace at a future point in time. Yet if the conditions of the coins are similiar what is the advantage of remaining the same with no upgrade in either album.

I'm just asking this from a pure educational point of interest. If by going to the '37 quarter you are upgrading you collection I could understand it. As I have said I'm new and really don't understand all the nuances of trading an error coin for something else.
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mds308's Avatar
United States
1721 Posts
 Posted 01/02/2013  8:40 pm  Show Profile   Bookmark this reply Add mds308 to your friends list Get a Link to this Reply
I would take the quarter. My 2 pence.

Ghostrider,
RPM is not an error.
Edited by mds308
01/02/2013 8:44 pm
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babysitr's Avatar
United States
1339 Posts
 Posted 01/02/2013  9:05 pm  Show Profile   Bookmark this reply Add babysitr to your friends list Get a Link to this Reply
Go with the gut method!! You'll never make the right decision if you think about it too long....If the penny is red and D/D is obvious...Speculate!
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ghostrider's Avatar
United States
1116 Posts
 Posted 01/02/2013  9:12 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
If rpm is not an error, is it a rarity. I'm a now really confused.
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HelzelsCoins's Avatar
United States
419 Posts
 Posted 01/02/2013  9:28 pm  Show Profile   Bookmark this reply Add HelzelsCoins to your friends list Get a Link to this Reply
ghostrider... and error is when a mistake occurs during the MINTING process. An RPM is considered a DIE VARIETY, which occurs during the die making process. I hope this helps.

Johntf26, The condition of the RPM will determine which is more valuable. but really, take the one you want more. Is the RPM BU?
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Johntf26's Avatar
United States
80 Posts
 Posted 01/02/2013  10:11 pm  Show Profile   Bookmark this reply Add Johntf26 to your friends list Get a Link to this Reply
Im not sure the actual condition/grade of the coin. I have pics on the post I made you should be able to see it in the error forum. I turned down the deal on the quarter, It was just wayyy to worn down. whole letters were rubbed away. I decided to trade for some mercury's that I am needing. I do like the fact that I found a "die variety" (sorry for calling it an error) but I feel I have more use for the mercury's, because that is what my main collection is at the moment, the penny would make someone that collects those type, alot happier than it would myself. Again thanks for all the input guys!
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scurry64's Avatar
United States
900 Posts
 Posted 01/03/2013  08:16 am  Show Profile   Bookmark this reply Add scurry64 to your friends list Get a Link to this Reply
If it made you happy, you made the right decision. I collect Lincoln Cents and any silver coin. I would have done the same thing.
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jbuck's Avatar
United States
188052 Posts
 Posted 01/03/2013  2:51 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
ghostrider... and error is when a mistake occurs during the MINTING process. An RPM is considered a DIE VARIETY, which occurs during the die making process. I hope this helps.

Quote:
If it made you happy, you made the right decision.
I agree with both statements.
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