What Is Error Do The Do The George Washington Dollar's Have?

I posted this 2 weeks ago about Presidential errors found.
Didn't get much notice. Maybe I should have posted in the 'Variety and Error Coin Forum'?

https://goccf.com/t/14550#14550

mila_

Hi
I just joined and had to add this



Looks like George needs some cold sore cream!
Ziggy

Here is some more I found 5 in a philly roll
Its some what like last picture posted

and may have the sunburst type obv

What ever CC

C D Daughtrey has spent years doing research on coin verities and the minting of coins. His work is well none to collectors around the world and his book is one of the best reference books on the market today. I for one appreciate him taking the time to come here and share his knowledge with us.

Bruce.

I don't believe he is talking down to us, just stating the facts as they are.

amac44 - I'm not talking down to anyone. I'm stating facts of the market as it stands. Other than the unexplainable VAM market for Morgan and Peace dollars, die cracks are not marketable. Being that they are not marketable, anyone looking to collect coins that have any reasonable resale value above face value should concentrate elsewhere. That's my point, and I'm not condescending to anyone by stating that fact.

If you walked a mile in my shoes to see the large number of collections full of worthless die cracks that made it to a dealer after the collector died, and if you saw the sick look in the eyes of the heirs of such collections you might understand why I don't like people hyping up little die cracks as being something worth collecting. It might be "each is to their own" but there is a market for coins of value, and if someone wants their heirs to be able to enjoy the fruits of that market, they won't leave behind a bunch of die cracks.

Just a month ago I was sent a large - LARGE - group of cents that were in binders, pages, and flips, and every single coin was Machine Doubling, filled letters, little die chips and cracks, overpolished dies, and the like. The collector evidently thought he was collecting valuable coins because the heirs thought they were going to send their kids to college on these "rarities". The wheats were worth 3c each and the memorials were at face value. Basically the collection of well over 4,000 coins was worth less than $100. That's far less than the supplies the collector bought to house the coins. He spent 40+ years sticking two-cent coins into four-cent flips, dollar plus pages, and four dollar binders. Dealers get stuck with such piles and don't even know what to do with them. It isn't even worth the time required to remove the coins from the flips to take them to the bank.

I have taken it as my personal goal to attempt to educate as many people as I could against such practices. If you take that personally, then I cannot help it. All I say is for those who want value in their collections - stop bothering with the die cracks, little chips, and other anomalies of very temporary (if any) marketable interest. Just remember - an error that's worth money isn't something you would have to point out to a non-collector. They should be able to pick it out on their own, easily. If you have to show them what they are looking for, it isn't worthwhile.