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Replies: 13 / Views: 1,461 |
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Valued Member
United States
163 Posts |
Hey all, being a newbie I'm having a difficult time pricing error coins that I do not keep. Most of these are not worth sending to PCGS unless told otherwise. Is there a place or someone that can help? Thank you! 
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Pillar of the Community
United States
1316 Posts |
Good morning!
We'll need to pictures as a starting point. In my experience, error valuations are somewhat finicky and tied not only to the technical grade, but the type of error, extremeness of error, resulting eye appeal of error, etc. So to offer some help, we'll need to see some photos.
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Valued Member
 United States
163 Posts |
I have put in many error coin posts already to this site, but noone seems to want to answer "what's it worth?" That is ok...but wondering where to go to get basic approx.. I do appreciate all the advise that I do get from the folks here. Thanks. 
Edited by sccollector 04/08/2018 08:08 am
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Moderator
 United States
56855 Posts |
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Valued Member
 United States
163 Posts |
Awesome John...that helps!
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Pillar of the Community
United States
2624 Posts |
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Rest in Peace
10197 Posts |
SCcollector, that is a tricky question with very tricky answers. Let me try to set a rough outline. When speaking errors, what is the source of the error is key. Is it a planchet flaw, in manufacturing or materials. Are they mint produced or post-mint "experiences" (I include toning in here). Is it a die production error as DDO/RPM/DDR? Are they processing problems of die wear(cracks, Cuds and cruds), are they actual stamping problems while coin is "in chamber"(actual minting? All these are being tossed into the "error market" (racket, IMHO) of today with the surge of promised riches found in your pocket! Note the actual "market" price is ALL arbitrary. Certain firms and individuals will set prices and even list these as coppercoins.com for RPM's and Doubled Dies. While these are based on projected population of the error (as seen by the die use), it is arbitrary and not a real world figure, only a base to determine rarity/common event. ANY error coin is worth what someone will pay for it in a marketing venue as ebay, et. al. So for those selling error coins, it is an "iffy" business abut in some cases, profitable...IF you know what you are doing, really know it. Personally I have tried to sell known and documented RPMs, to little success, and slight on a minor die break. When considering error coins, I classify the production errors as man-made (die error) and stamping (in chamber). To learn about these I suggest you read the references at http://www.error-ref.com, this is the Bible of errors to me. These errors I consider worthy of public sale and collection. Now, the production errors that occur due to die wear and machine malfunctions are the gray areas of error collecting. Die wear, deterioration, cracks, breaks may be of interest to some, but these are not the "biggies". These are just the normal process involved in any metal machine operation. Events like failed collar deployments, die clashes, off set strikes, all events that happen during the process of coining, are more a "one-time-event"(not replicated like doubled dies)and are anomalies to certain collectors and quite collectable. But as John1 stated, check prices sold on eBay(not current asking!), gives you a good idea, BUT you really need to know WHAT it is you're selling(AND BUYING!).
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Pillar of the Community
United States
4233 Posts |
Wexler's takes a stab at assigning values to a lot of these errors. For example, the bazillion "extra fingers" varieties on the 2009 cents. http://doubleddie.com/60701.html
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Pillar of the Community
United States
2624 Posts |
kbbpll: Those are varieties not errors. Crazyb0:"DDO/RPM/DDR" again varieties not errors.
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Rest in Peace
United States
17900 Posts |
True. Good comment for clarification.
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Bedrock of the Community
United States
62064 Posts |
Coin condition varies. Even a coin scratch (making a coin a cull) can remove up to 90% of the value to the coin. Coin grading affects value of coins. How rare/common also is a factor. you could try trcking auctions on ebay. Get about 10, then do an average value. But it is such an open field. It is more of how much is someone will to pay for a coin. Many coins sold on ebay are just damaged coins. A damaged coin is not a mint error. Die cracks, chips, breaks, Cuds can vary in value from face value to a premium price. All depending on the condition of the coin. Common stuff, doesn't add a premium on the coin, no matter how much the seller thinks it does. Let the buyer determine if the coin is worth buying or not. Many auctions try to convince the buyer with a lot of words. When you see this, move on to a coin worth something. Something that you want.
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Rest in Peace
10197 Posts |
DrDon, etal... if you check sales site listings the DDO / DDR/RPMs actually are listed as Errors and Varieties...the 2009's on Wexler's are DDR's, BTW... Some in the industry do consider the DDO / DDR/RPM as a "Mint Error" on par with a clipped planchet while others consider it a matter of production rather than process...regardless both ARE done at the Mint BY Mint employees...go figure. When people go to sleezeeBay with minimum knowledge from a cursory reading of "Get rich quick from Pocket Change" they will pick ANYTHING the says error and buy it impulsively. It is standard human nature to do so, called...greed!
Edited by Crazyb0 04/08/2018 3:57 pm
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Bedrock of the Community
United States
62064 Posts |
They could take a pre 1937 coin what was all damaged and claim it was on Amelia Earhart's plane and try to get rid of a damaged coin. And it would probably sell.. They jump in for errors/ or so called error coins: Jumping into the back hole of collecting. Know what your buying, or forget it. You may land in the black hole..
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Valued Member
 United States
163 Posts |
Well, all things said.....Thank you for this info. I will come back to it when needed. I am also using http://www.error-ref.com to learn more. There are just some I can't place in a category. Most die cracks, clashes etc. I just sell at .99 on ebay. Your right, people shouldn't try to sell error coins if they don't know what they really have. My big issue was I find different errors and want to sell, but looking on ebay, what others are charging, seems ingenuine and I'm not that kind of person to try and sell over what a coin is worth. Thanks all again....learning a lot!
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Replies: 13 / Views: 1,461 |
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