Three Things...

I would call them if I were you. I use their 5-day service and it's 9 days from when I mail it to them (First Class) to when I have it back in my hand.

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Originally posted by Susanlynn9

I would call them if I were you. I use their 5-day service and it's 9 days from when I mail it to them (First Class) to when I have it back in my hand.

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Cut them a little slack Susan, they probably laughed for at least two days when they received the coins.

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Originally posted by Errorcoins

Did YOU know that CoinWorld PUBLISHED this COIN!!!!!

Do you know the premium this coin carries?

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I am sure that you will find the need to defend yourself, but just because CoinWorld publishes something and today it carries a premium, doesn't mean all that much.

I have watched a TON of fads come and go in the past decade. The wavy steps made front page news, the doubled 2004 Jeffersons made front page news, the doubled ear Roosevelts made front page news, the waffle coins made front page news, spiked heads, sacagawea washing, Wide AM, proof hubs, unwashed dies, and I could go on for hours.

If you have to go around defending something, there must be a problem. Come talk next year about these "high" values and prove they are worth more than nolvelty value.

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Originally posted by Errorcoins
I don't think even you know how these varieties will co in the future, so only time will tell.

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Now before we start, ask yourself this. ND makes a living buying and selling coins. Why doesn't he offer this type material? Why does he not ask me to part with my money on modern coins? Why isn't he telling me to spend my hard earned money slabbing modern coins? What monetary purpose is in this for him for giving away the advice?

Do you know why most dealers do not participate in online forums? Let me answer this one. It is frustrating trying to help. People by nature think that they know everything. Why listen to someone who does this for a living? They say things like: "I have been collecting for 3 months, what does this dealer know"? So take this advice as you will. However, a year from now, do not come complaining that you did not know better.

Do I have a crystal ball that can predict the future? Nope. However, history is a pretty good scale to use. Since 1972 collectors have been looking for something to bring coins back into favor. The Statehood Quarters managed to stir the pot quite a bit, and has brought many new collectors into the market. Since that time, the internet has sprung into favor.
People are hoping for anything and everything. They break out the microscope and find all sorts of little thing wrong with their coins. Publications like CoinWorld also "need" something special to sell magazines.
Let's face facts, there has not been a major error since the 1972 Cent. (exception 2000 Sac-Washington mule) All others have been fads. Internet users promote these coins on auction sites and they spike in value for a while, and then fall to the wayside. These coins are novelty at best.
They attract new collectors hoping for a future market. The business end of the hobby also takes advantage of this. PCGS sells their signature series and people jump on it. TV and magazines promote junk every day and still people fall for this myth.

There is nothing wrong with varieties, and the search for them. Cherrypickers list many such coins, but that does not make them valuable. Even the highly touted VAM varieties fall into a niche market. It takes much more than a die crack to make something an error.
Now I could be like some dealers and blow sunshine up your skirt and tell you how fantastic these things are, but that wouldn't make it right.

Modern coins rely on ultra grades and hype. Simple as that. Anyone falling for this is just setting themselves up for a major heartache.

Now for the nickel series. The Mint started using nickel in coins in 1859. Nickel is a very hard metal. Die deteriation is a common fact. Look at any coin containing nickel and varieties are more common place than not. Find any Shield nickel in perfect condition and you have done something.

Eliminate the internet out of the equation and what do you have? These modern coins have NO real long time value. They do not share the stuff of the Morgan dollars or Saints.
My inventory is full of rare coins. These are not rare because of CoinWorld articles. They don't need ebay promotion. They don't need major ads in any publication. They are simply rare.
The 1895 Morgan dollar is rare. You don't need any high grade, you don't need ads, you don't need anything to know that this is rare. It commands a "real" value due to this rarity.
The Gobrecht dollars are Rare. Irregardless of grade, these coins command a hefty price.
THEY ALWAYS HAVE.

All these modern coins have going for them is the internet. They are not being bought and sold by mainstream dealers. This should be a clue. When the extra leaf quarter was all the rage, I called a group of dealers to find out their "buy" prices, and guess what? No one would even touch them.
Now the Bison collectors state well these are ERROR coins. Well Mike Byers and Fred Weinberg are the two biggest error dealers in the world, yet neither keep these "superb" error coins in their inventory? Ever ask yourself why?
Even with all the CoinWorld articles about the Bison Nickel, it seems that ALL the experts say the same thing. That minor errors are COMMONPLACE. Ever hear any expert talking about long term value? Again you must ask yourself why.

There is nothing wrong with searching through rolls or bags to find these pieces, but if you are paying a PREMIUM for these, YOU WILL get your feelings hurt in a very short time.

ND ......yes you are the pro no doubt.

But I am a Coin Collector. I collect coins that I like. I collected coins as a kid and got back into 10 years ago and have been going strong since. I started the Morgan series and then a Buffalo series and guess what, I got board. Collecting a whole series of the same coin does nothing for me. I do have a type set I am working on so I do get examples of each coin. Old silver really doesn't do much for me.

I collect error coins. Very old error coins are awesome, but way too expensive for me. So I collect a type set of Major modern errors. Very plentiful and less expensive, but the prices are climbing. If someone gave me a choice (value not being an issue) I would much rather have a modern error (DAMAGED COIN) on a clad zinc cent such as a dated foldover strike, 6 cent piece, or bonded cap than ANY KEY coin in any series. But that is what interests me and You wont change my mind and I know I won't change yours.

Another thing, the interenet is here to stay. It changes whole industries. My profession was profoundly effected in a negative way with the internet, but I can't do anything about.

I think I am right about the Bison varieties, but only time will tell. The Bison is a Unique coin. I am not defending the leaf errors, just the Bison. Anyway I really don't care what some of you think, I am having FUN COLLECTING the coins that I want to collect, not some old silver coins that boar me.

Dan calling my an idiot is not very nice. Please just call me a coin collector that has interests 180 degrees from yours.

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Originally posted by Errorcoins

I got my 50 dollar gold error and it's awesome.

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Can you post a pic?

There's no doubt that NationalDealer is with the mainstream. Very
few dealers want to have anything to do with any moderns and it's
been this way since the bag and roll market collapsed in 1965. And
this is exactly why people are making a lot of money in moderns. Is
there hype in these markets? Yes. There's never been more hype in
any segment of a coin market and it's all telling you to steer clear
of it. There is near total agreement that you'll lose your money if
you buy later dated coins.

Of course every single time in the past that there was agreement like
this it has been absolutely wrong and this time will likely be no ex-
ception.

The hobby will not survive if a new generation of collectors isn't
recruited and it's difficult to see how a new generation of col-
lectors can, enmass, overlook two generations of coinage. Especially
since this coinage is not only similar to what they are already col-
lecting but is circulating alongside it.

There have been many rare and important coins issued in the last
forty years. There are far too many to list but they range from
unique or rare to scarce or rare only in attractive condition.

There are the '82 NMM dimes which were placed in circulation and
can still be found. There are very rare prototype bicentennial
proofs, and various No-S proof sets and ad hoc redesign of states
issues.

No one knows what's going to happen in the future but one safe
bet is that if the moderns don't experience a continuing growing
demand that in ten or twenty years there won't be much of a hobby
left. So ask yourself if you want to lose $100 on overpriced mod-
ern junk or $1000 on great old classic coins.

There are two sides to failing die errors such as the speared bison. I agree with ND entirely that such errors are hyped. In the end they are what they are---die cracks. The same thing occured with cracked skulls and spiked head Lincolns in the 60's. However, there is a collector base for failed die errors. Cuds are very popular, popular enough to have their own reference book and supplement. I intend to buy a spear bison error. But not until the prices and hype come down.

BTW, in some instances high grades are important with these errors. It would be important for the spear bison as the die crack becomes the new highest point on the coin. The same situation exists with cracked skull Lincolns.