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 Replies: 12 / Views: 2,143 |
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Valued Member
United States
112 Posts |
Okay....... after searching and searching, maybe I found an actual collectible error  . Is this what's known as the "BIE" die error? Thanks, Rick  |
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Pillar of the Community
United States
914 Posts |
I'm pretty sure that is after looking at a few on ebay! |
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Valued Member
 United States
112 Posts |
Yeah, well.... errrrr,ummmmm,  That's how your learn, right? Seems as if after looking at a few hundred pennies under the 10x loupe... every little thing stands out!  Anyway, if I can get 5 bucks for a penny, that's like a 500% return!!  Just wonderin' if this is one of them pesky "BIE"s. Thanks, Rick |
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Pillar of the Community
United States
3507 Posts |
Back in the sixties, they were pushed a little bit as a collectible. There may be a push again sometime in the future but they are really pretty flat and not worth much anymore. Ten cents each would probably be the upper limit on a circulated piece. More than a dollar on an Uncirculated piece from the fifties or sixties would be too much to pay.
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Pillar of the Community
United States
3507 Posts |
I'm not trying to burst any bubbles but small die chips are so common that they don't have any premium value.
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Pillar of the Community
United States
7629 Posts |
Yup, exactly. I toss them all back. I find one or two out of every 100 wheats I see on average.
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Valued Member
United States
160 Posts |
If I understand this correctly, the reason these die chip type coins are not considered valuable is because they are so plentiful, are is there just no interest in die chips?
Thanks,
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Pillar of the Community
United States
1952 Posts |
Die Chips are not errors or varieties they are just die chips. and yes there are so many out there that they are not worth much over face.
Good Luck
Gary
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Pillar of the Community
United States
3507 Posts |
Technically, A die chip is a small piece of the die that breaks away leaving a depression in the die that when it strikes a coin, leaves a raised portion that corresponds to the die chip on the die. Staying technical, it might be considered an error as the coin was struck by a die that is damaged. It also may be considered a variety as some coins are attributed based upon die chips. So depending upon the context, a die chip could be an error or a variety coin, still being so incredibly common, they have no value. Some people will take coins with die chips especially like the "BIE" coins and promote them, Frank Spadone, author of an early error / variety book listed some "BIE" coins in his book but they are essentially without value. Those that try to get premiums for them on ebay for example are really taking the money out of the pockets of the uninformed collector. Thanks, Bill |
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Pillar of the Community
United States
7123 Posts |
Even though coppercoins is right they have little to no value ,,I still have my bie collection and add to it when I find one I don't have an example of .
I always try to keep in mind that collectable just means someone collects them ,, value does not always have to play a part in that process.
I enjoy these coins and if you really think about it ,,its kinda interesting that there are so many dates and mint marks that have this particular die chip .
Metalman
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Pillar of the Community
United States
936 Posts |
It is amazing what some people collect and think is nice while others would not keep one if you paid them. Take toned coins, some people pay premiums for them, while others think they are an atrocity. I also keep some cents that look nice to me, I got one that toned pure black very nice to look at while others would probably toss it back. I got another one where Abe has a die scratch across his face that makes him look like he has a huge smile. Now I would not pay a premium for these, but keep them when I search wheat rolls.
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Pillar of the Community
United States
7629 Posts |
Well, actually, here's the scoop as technical as it comes... die chips, breaks, Cuds, overpolishing, and clashes are technically die errors - not varieties. Die errors are anomalies that happen to the die while it is striking coins, and repeat with every coin struck by the die after the problem occurs. In that sense, they are catalogable, and people do collect them. They generally don't command much if any premium because the collector base is far smaller than the number of coins available. Doubled dies, mintmark doubling, and date doubling are die varieties - these are anomalies that occur at the time the die is made. Every coin struck with the die has the anomaly, and they were not intended - not like having small dates or large dates. Doubled dies are a mistake, and the one single thing that separates them from errors are that they were on the die when it was first hung on the press to make coins. So...die varieties are unintended problems that occur, usually doubling, on the die at the time it was made. They command premium value because they are far scarcer than the normal issue for the year and mint. Die errors are weaknesses that are exploited in the striking process and manifest themselves as repeated anomalies on the coins the die strikes. They are plentiful by category, although specific examples by die are usually somewhat uncommon and difficult to duplicate. The big difference in value and why? Easy... Die varieties happen while the die is being made. The die goes in for inspection before it is used, and it is supposed to be discarded and destroyed if it shows doubling. Some slip through. Die errors were inspected and completely normal dies when they were placed into service, yet developed problems as they were being used. They don't go back in for inspection while being used, so anomalies that develop on them go unnoticed and pass freely into circulation. |
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Pillar of the Community
United States
1952 Posts |
I could not have said it better Chuck thanks
Gary
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Replies: 12 / Views: 2,143 |
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Posted 08/14/2007 10:19 pm
