The Coins That Coulda Been Boughten

You forgot about the piece of plastic that it's in. so the profit is a little less.

errrror

errrror,

On a more serious note, do you believe that the mint "releases" these prez errors to generate interest?

I find it hard to believe that entire hoppers of coins can miss the edge lettering (which I would think is a very important step in the minting of this series) and sneak through the US mints QC? I understand that they mint millions of pieces and odds are that mistakes will be made and overlooked but the abundance of these prez errors mystifies me.

So, you are Errorcoins, please enlighten me with your opinion on these as I have little experience with moderns(other than what gets tossed into my daughter's piggy bank).

Personally, I find the design(of the prez $) amateurish. To me all four of the "men" depicted on the obverse coins released/or soon to be, look exactly alike.

Benji, yes I do believe it is a true mint error and Not done on purpose. But then again I wouldn't put anything past the government we have TODAY.

People make mistakes, machines break, thus mint errors.

have fun searching

errror

Well until recently I think all the hoppers were the same color. The mint had to hire more people in order to meet production and more than likely rushed the job training. As such some new hire could easily move a bin from one location to the other and not see he missed a step. As for QC, I don't know what quality control they have at the mint.

As for this error - media hype is driven the price more than rare / unique.

Years ago there was a baseball card with a certain 'word' on a bat. Beckets, the price guide for sports cards, posted an article stating the many, many steps the card had to go through before it was released to the public. Readers Digest Version: They knew exactly what they were doing.

Also, I hop garylcsr wasn't thinking that P.T. Barnum said, "A sucker is born every minute." because he never said that. He was misquoted by an ambitious reporter. He actually said, "There's an opportunity born every minute." But I guess that fits as well.

Ok, I get from the opinions that this bidder paid way too much for this error coin. I don't collect error coins so I don't know much about them.

errorcoins, since you collect errors, what do you think would be a fair market price for this coin (regardless of its error being by accident or on purpose.)

In my opinion he overpaid by $699, plus shipping. But that's just me.

If he enjoys it, them more power to him. And if he can find a bigger sucker later, great for him.

I don't really get the appeal of modern coins either, and I'm not into errors, so I guess I'm the wrong person to ask. But I wouldn't have paid more than a buck for a mass-produced, modern $1 coin.

It's funny, I was listening to the HSN coin show the other day just for fun (warning: NEVER buy anything from them unless you don't like money). They were selling all sorts of highly overpriced stuff (mostly modern) and making it sound like some great bargain that would be worth way more in very short order. They kept saying there were "150,000,000 to 200,000,000 coin collectors in the U.S." Yeah, sure, between 50% and 67% of every man, woman, and child in the country collects coins. Maybe if they mean in the ash trays of their cars to pay for parking meters!!