| Author |
 Replies: 8 / Views: 1,633 |
|
|
Pillar of the Community
United States
580 Posts |
I am not too adept at identifying these types of things. I assume this is from an off center strike on the obverse, or am I dealing with something else here? What caused that "double rim" on the left hand side of the coin? I found this one while roll hunting.   |
|
|
|
Pillar of the Community
United States
5318 Posts |
It looks like a "misaligned die", where the "hammer" (obverse) die is slightly off-center from the reverse. It's pretty common by this amount.
|
|
Bedrock of the Community
United States
12437 Posts |
|
|
Bedrock of the Community
United States
19935 Posts |
Kurt has it, it's pretty common on Lincolns and definately has no price premium....in fact, most collectors don't like them as they fall into the "bad strike" category....at least I try to avoid them.
|
|
Pillar of the Community
 United States
580 Posts |
Really? I think it's kinda cool...I'll crank up "Double Vision" by Foreigner while I look it.  |
|
Bedrock of the Community
United States
20753 Posts |
Got to contradict you there Thad. At coin shows they have been being sold for error coins and in MS grades go for about $2 to $10. Being an error coin collector I used to pull those out of change all the time. Had many of them and went to https://www.coppercoins.com one day and was also told they are useless and of no value. Not thinking, and being a little old and having a bad memmory, I dumped a lot of them in a bank. Mostly all the lower graded ones. THEN I started to see them on error coin tables at coin shows and said to myself, SELF, you blew it again. It appears that they are very common in the 70's and 80's. If on both sides, they sell for a little more. If the double line on the rim runs for most of the coin, again, they bring more money. Many of the 80's also had a lump running through some of the lettering on the obverse as well. Those too sell at coin shows as errors. So although you will not see them listed in the rear of the Red Book under errors and error types, they do sell at coin shows. It's amazing how many blurt out no value or no price primium without knowing for sure. Also, note that a value on that coin was not asked. Only how it happened. Many years ago most error coins were just ignored. Now it is becoming a hobby in itself. Many errors were not listed anywhere in the past but now grow in popularity constantly. For example there is little noted about rotated reverses on coins but they also are becoming a seller at coin shows. |
|
Bedrock of the Community
United States
12437 Posts |
Quote:
At coin shows they have been being sold for error coins and in MS grades go for about $2 to $10 And I would bet that these same customers purchasing them for exorbitant prices are being fed a line of bull about them being rare one-of-a-kind errors when in reality they are a normal part of the minting process and are within mint tolerances. $2-10 is the going price for actual off center cents with dates, not this stuff. If they want a real error, they should be spending their money on a real off center, not an impostor. Clueless buyers do not create value where no value exists, they just spend their money on junk that no one will buy years down the road. Of course, they will not get mad at themselves, only the dealer that they tried to unload their junk on when he refuses to pay anything over face for them. Or even worse, their family is the one holding the bag after the collector dies wondering why their loved one spent thousands of dollars on coins that pass for pocket change  But I guess ignorance is bliss for some and proper education is irrelevant... Edited by biokemist6
08/05/2008 4:25 pm
|
|
Pillar of the Community
United States
6326 Posts |
Well, just keep it and put it into a 2x2 for a conversation piece !!......regardless of it's value or commonality. If it's strange and different for you and you like it...... It's not like you're going out and getting hundreds of dollars of these.....ya just found it roll searching and now you've identified how it occured at the Mint. Keep it, bag it, display it with the segment of everyones collection that contains stuff just like this !.... |
|
Pillar of the Community
United States
580 Posts |
Or..from what I am gathering here, I could throw it on ebay, talk it up like it's a huge error piece and start the bidding at $100! Just kidding. Even if someone out there took me up on it I could not sleep at night after shipping it to them. Maybe I will just dip it, drill a hole in it, run a gold chain through it and wear it around my neck. That would be totally sweet.  |
| |
Replies: 8 / Views: 1,633 |
|
Posted 08/05/2008 10:51 am
