High-Grade Error Worth Less Than 'Normal' Coin?

In my opinion USA error coins should always command a premium over face value for their non-error counterpart (regardless of condition), and on rare occasion does the grade value exceed the error type value.

I know many coin collectors focus on grade quality and some some compete with each other in building PCGS & NGC sets.

This thread is where I believe the error coin is actually worth less being a error, then it's non-error counterpart.

The coin in question is a NGC 1983 Half Dollar in MS67 condition that was also Broadstruck.

Normally I would value this type of error Kennedy for around $50 ($45+ premium above the average MS63 non-error) and when this coin entered the market, I factored in the previous owners certification fees plus a little extra for the higher grade than normal, and purchased it for $98.00 a number of years back.

The recent Coin World retail values lists a 1983p Kennedy in MS67 at $300.00, and knowing most error collectors purchase by error type and not the coins grade, this coin may bring half the above retail value on a good day.

This is where I would like both error coin collectors and non-error collectors that prefer certified higher graded coins to weigh-in with their opinion on this.

For the error collectors, would you pay MS67 money for a high grade coin when you can purchase a nice looking broadstruck Kennedy for a fraction of it's MS67 listed retail value (in this case $300 in MS67 for a non-error).

For those that do not collect errors, and for sake of argument, say you have a number of MS67 (and above) PCGS & NGC Kennedy 1/2 Dollars, and wanted a 1983 for your set, would you even consider purchasing this type of error, or prefer a well centered strike to match the others in your set.

***I'm not looking for a value of this coin, only what a collector is willing to pay should they want/need this, and since this coin crosses both high grade collectors and error coin collectors, it will be interesting to see how each side values this.






*** Moved by Staff to a more appropriate forum. ***