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 Replies: 9 / Views: 1,248 |
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Valued Member
United States
83 Posts |
I think I read a post once talking about this subject but can find it, so if anyone can point me towards that post or if its fine to start a new one feel free to chime in. I'm wondering why some varieties or errors make it into the Red Book and others don't. I understand they couldn't list every possible error or variety for every coin but are there some kind of requirement for ones that do? Is it based on popularity, population? |
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Pillar of the Community
United States
4212 Posts |
Hey PB, I'm sure the answers here will vary, but I've always stuck by: if it has it's own FS#, it's considered major.
Now that I've typed that, I can think of some exceptions.
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Valued Member
 United States
83 Posts |
I just thought it was curious that some coins like the wisconsin State Quarter extra leaf makes it into the Red Book but not ones such as the minnesota double die with the extra tree. Well do you know what makes them decide if its a major variety to give it its own FS# |
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Bedrock of the Community
United States
12437 Posts |
Quote:
Well do you know what makes them decide if its a major variety to give it its own FS#
You would have to ask Bill Favaz or JT Stanton, they are the authors of the Cherrypicker's Guide so they are the only ones who can answer your question. Quote:
but not ones such as the minnesota double die with the extra tree There are only two extra leaf Wisconsin quarters while there are over 100 known Minnesota doubled dies. Yes, some are better than others but many are minor and they never matched the attention that the Wisconsin quarters received so it is a bit of a popularity contest. Edited by biokemist6
04/18/2014 3:06 pm
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Pillar of the Community
872 Posts |
In the back of the book, under "misstrikes and errors" is a few pages of the more pricey types. I guess it can give you an overall feel of what the market price is on a type variety or error. Again, not all can be listed in a separate publication, it would cost too much too print and the collector probably wouldn't buy it for the suggested retail price. The Cherry Pickers Guide I & II might come close, BUT those have pricing errors but are due to be fixed. Again, not all inclusive, but they hit the bigger dollar coins. Edited by Collector-Corner
04/18/2014 2:28 pm
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Pillar of the Community
743 Posts |
I hear you Peanutbutter. I think someone else should come out with a price guide that does have many more varieties listed from all of the years and denominations. The book would be thick and could sell for $50 to $100 a copy easily but it would be a lot harder to put together than the Red Book or Coins Magazine. I believe it would be marketable and it would sell. The pricing would be a bit hard to do but recording all auction results and comparing them would be the key (the comparison would have to be done by people but the data recording could all be done with a computer program). Online auction results (eBay, Heritage, Etc.) is the real way to find out how much a variety is worth but many just don't know it. I bought the Cherry Pickers Guide and did not think it covered near enough on the different varieties but there was a good section about the different types of doubled dies that taught me a little. If I would have had one of these better more evolved price guides that explain and discuss varieties when I was younger I would have been into coins a lot earlier in life. Kris |
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Valued Member
United States
83 Posts |
Thanks for all the input. Do you think the coins listed in the Red Book only get popular because they got published in the Red Book and carry a premium now? Yes, Cherry Pickers Guide does pretty good job and I agree it would be terrible hard and expensive to make a book like we are talking about. I'm putting together a 20th century type set and I want to include some error coins, mainly 1 for each denomination. I'm trying to get examples that are easily to notice errors that if I showed to someone who knew nothing of coins, would be able to see it and are visible with the naked eye. Some double dies are obvious as well as overdates. |
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Pillar of the Community
743 Posts |
No, I don't think they are popular just because they are listed. They were listed because of their popularity and or the variety is very dramatic and visible without a loop. They neglect many other varieties that are worthy because they are not as popular as the listed varieties. I am not saying every Lincoln Cent variety needs to be listed but there are some really good ones that would be good to list along with many other varieties from different years and denominations. Now I want to try and make a price guide just to see if I can do it. |
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Pillar of the Community
United States
901 Posts |
I've found that most coin dealers only buy errors in RedBook. I think it's a profit thing. Collectors of errors enjoy most of these coins, but when your in it for the money, "the dollar wins out." |
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Rest in Peace
United States
7075 Posts |
I expect to see a lot of that changing as we replace books with online subscriptions. Imagine being able to find all that information on one site.....
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Replies: 9 / Views: 1,248 |
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Posted 04/17/2014 10:07 pm
