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 Replies: 19 / Views: 5,106 |
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Valued Member
Canada
109 Posts |
Hello, I was wondering if this would be considered an error and would be more than just a penny  the picture below looks like a Die Chip that combined the "00" at 2003 made it look like a conjoint twins.  |
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Bedrock of the Community
 United States
12477 Posts |
I think you called it right: a die chip.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Valued Member
 Canada
109 Posts |
Sweet I'm getting ok in learning what kind of damage it is .. but does a die crack have any value on a coin?... Does it have to be certain die crack to make it worth something or die cracks are so common that worth and value of a coin is FV ... Thanks again for your help spruett001
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Pillar of the Community
Canada
9164 Posts |
I don't know if I'm reading you right but a die chip is a different thing than a die crack.
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Valued Member
Canada
109 Posts |
@mcshilling Oops that was for my 1972-S Lincoln Penny that I posted in another I was so tired I forgot what Forum I was on hahaha sorry ,. But my question is does the die chip on a coin give value or is it such a regular accuracy that it is worth nothing... That's what I meant just it clearify |
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Pillar of the Community
Canada
5324 Posts |
Your penny is rounded out now, so not even 1 cent.
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Valued Member
Canada
109 Posts |
@john100 thanks drats less than a penny lol... Well going to go off and go search for more that's worth more than a penny hahaha
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Pillar of the Community
Canada
5324 Posts |
Just kidding, still worth 1 cent, but keep hunting
Edited by john100
12/10/2017 5:50 pm
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Valued Member
Canada
458 Posts |
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Rest in Peace
10197 Posts |
Mint errors like die chips, cracks, Cud, and other cruds are quite common, the normal process of metal machining. They will hold no real special value unless say a very dramatic Cud, or die crack with retained materials. Minor boo-boos no value unless you find a buyer, some idiotsunwary buyers/sellers do purchase these being convinced they are worth something only later to find out not so.... |
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Pillar of the Community
Canada
822 Posts |
Oh please Crazy, you cannot predict if something will have future value. Yes, most will have little or no extra value. BUT, sometimes a crack or chip could become a variety. A few examples; (1946 50 cents in MS65 - $2040, w/ hoof over 6 $5900), (1949 50 cents in MS-65 - $900, w/ hoof over 9 $2760), (5 cents 1964 in MS-65 - $78, w/ EWL $880), (1936 25 cents in MS-65 $810, w/ bar $2350).
Did you know that none of the 4 die-crack variety examples above were even listed in the 1983 Charlton ? Almost no one collected varieties like these before 1980 because most collectors dismissed them looking for errorless examples, and thought they diminished the value.
No one in my day knew of the 1964 EWL until it was written about in 1970 (I was 20). Bang, everyone was looking for it. I immediately started looking for it as I continued to roll hunt. I found only 3 or 4 VF - cost 20 cents, worth maybe $1.00 each then. Jackpot for a collector making about $3 per hour at work (listed value now $30 each).
The crack the 1936 quarter is tiny. I have many coins with more dramatic die cracks than these, but at this time they are not sought after, especially at high prices, but who can say they will never be worth much.
No one can say what error may be the next big thing. Who ever thought that Pokemon would go anywhere, or in my youth, baseball and hockey cards ? Yes, Mom got rid of my 2 shoeboxes full of 1956 to 1964's.
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Valued Member
Canada
109 Posts |
@TerryT thank you very much for the great information you shared,. I will keep that in mind I will keep my coins with die cracks and chips just in case and also thanks for the list of coins to look for, Sweet this will make my hunt for coins even more exciting ...
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Pillar of the Community
Canada
5324 Posts |
There are like 300 million pennies produced every year, there has to be some minor chips and such, even the nickels with short and extra waterlines, dealers has many in stock with few buyers, MS 65 or higher coins tend to have a market for themselves as the grade goes higher, but if you like them keep hunting but they are hard to sell especially pennies.
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Pillar of the Community
Canada
822 Posts |
Dealers have many in stock because most want crazy high prices. I think there are more collectors looking for errors than some of you imagine. Many of the roll hunters are not looking for MS65 + coins, they are looking for errors. The majority of collectors don't do several hundred or thousand dollar transactions for one coin. I sell modestly priced items on ebay, and varieties like 1962 5 cents DD, 1979 1 cent DD, and nice hanging number cents always seem to sell. Mark in the title that it's an error and there are always more lookers than the same coin without one. Just look at the interest in this section of the coin site - hundreds of people talking about errors. |
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Valued Member
Canada
109 Posts |
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Pillar of the Community
Canada
822 Posts |
Perfect example of "you never know which little error may be valuable"; 1936 Bar 25 cents (tiny die crack). The "Bar" variety sells for about 4 to 5 times the price of a regular 1936 quarter in circulated grades from VG to VF. I have an 1872H with the same kind of crack going across the H, and a 1910 quarter with the same crack as the "Bar", but they are not known in multiples and there is no interest for now. If I were to sell mine, I would mark the "Bar" variety and maybe get a a few dollars more but nowhere near 5 times. However, maybe in 5, 10, 50 years, cracks and clashes will be big, like my $7.50 FINE-15 1881H large cent with a reverse die clash. Yes, a die-clash error that is now a rare variety. (addition to original post. I bought this coin years before the Charlton 2011 catalogue came out and listed it in the variety section, and had kept it purely for the error. Pure luck it is worth much more now.)  Edited by TerryT
12/14/2017 5:40 pm
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Replies: 19 / Views: 5,106 |
Posted 12/10/2017 02:29 am
