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How Do You Decide If An Error Is Worth Actively Looking For?

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SamCoin's Avatar
United States
3237 Posts
 Posted 05/26/2019  8:00 pm Show Profile   Bookmark this topic Add SamCoin to your friends list Get a Link to this Message Number of Subscribers
I'm getting into coin roll hunting, and recently started for the first time with pennies, but I feel kind of overwhelmed since so many dates have RPMs and DDs (many of them fairly minor) that I don't really know which ones I should be looking for. Ideally, I'd like to use some combination of monetary value and eye-appeal in my decision, but it seems like the most eye-catching DDs don't always correspond to the most visually impressive, and I'm a little overwhelmed by the sheer number out there to learn about.
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GrapeCollects's Avatar
United States
8938 Posts
 Posted 05/26/2019  8:38 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Have you tried buying a copy of the CherryPickers Guide? It's got in depth photos and tips on IDing the coins and has a solid ROI.
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levelsofmadnes's Avatar
United States
3003 Posts
 Posted 05/26/2019  8:59 pm  Show Profile   Bookmark this reply Add levelsofmadnes to your friends list Get a Link to this Reply
When I first started, I looked at every coin and both sides. This way takes longer but you are sure not to miss anything.
But after a while, I ended up taking information from CHERRY PICKERS, STRIKE IT RICH WITH POCKET CHANGE and websites and compiled a list.
Here is what I keep on the desk:
How-Do-You-Decide-If-An-Error-Is-Worth-Actively-Looking-For?
How-Do-You-Decide-If-An-Error-Is-Worth-Actively-Looking-For?
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Errers and Varietys's Avatar
United States
74884 Posts
 Posted 05/26/2019  9:15 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
SamCoin, levelsofmadnes nailed it on the head.
Errers and Varietys.
Valued Member
United States
90 Posts
 Posted 05/26/2019  9:25 pm  Show Profile   Bookmark this reply Add jmewrites to your friends list Get a Link to this Reply
That's an amazing list. Thanks for sharing. jmewrites
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levelsofmadnes's Avatar
United States
3003 Posts
 Posted 05/26/2019  9:42 pm  Show Profile   Bookmark this reply Add levelsofmadnes to your friends list Get a Link to this Reply
The list is of high value or varieties that I like.

I was working on an upgraded version of this list. Instead of writing the information, I was using photos from the web and inserted next to dates; quick picture reference.
How-Do-You-Decide-If-An-Error-Is-Worth-Actively-Looking-For?

A working project... I was hoping someone would sell a coin mat like this.
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SamCoin's Avatar
United States
3237 Posts
 Posted 05/26/2019  9:56 pm  Show Profile   Bookmark this reply Add SamCoin to your friends list Get a Link to this Reply
Wow! Thank you Levelsofmadnes! that is an amazingly helpful list!
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coop's Avatar
United States
62064 Posts
 Posted 05/26/2019  10:33 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Also coppercoins.com/ has a pricing guide on their site. But it hasn't been up dated in a while so figure 25% above their prices.
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spru's Avatar
United States
12477 Posts
 Posted 05/26/2019  11:03 pm  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
That's good stuff, @levelsofmadnes.
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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Greasy Fingers's Avatar
United States
7077 Posts
 Posted 05/26/2019  11:32 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
Let me start off by saying...IMO if you are looking into searching for monetary gains,just dump the coins at coinstar. Guys what would you estimate your per hour wage is CRH ? CRH is a hobby for most and the trill of the hunt and find is what matters..I like the list Levelsofmadness made I think we all have a cheat sheet that is similar.. One could search 100's of cents before finding an error that might be valued 3 to 5 dollars..That said...good luck...have fun..and again IMO
Valued Member
United States
244 Posts
 Posted 05/26/2019  11:38 pm  Show Profile   Bookmark this reply Add briarmentrout to your friends list Get a Link to this Reply
Omg! Levels of madness, your list and amazing and your working project is a genius idea!! I love your set up! I'm totally going to start doing that!
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SamCoin's Avatar
United States
3237 Posts
 Posted 05/27/2019  11:39 am  Show Profile   Bookmark this reply Add SamCoin to your friends list Get a Link to this Reply
Greasy Fingers, I'm not trying to make a profit, but I don't really feel like filling up my collection with hundreds of coins worth less than the 2x2 they're in just because they are technically errors/varieties. Like I said, I'm willing to make an exception if it's a very eye-catching error that just happens to not be worth that much, but I'd rather not have 500 DDs that require a microscope and squinting at just the right angle to see that there's actually something there.
Edited by SamCoin
05/27/2019 12:28 pm
Rest in Peace
T-BOP's Avatar
United States
18456 Posts
 Posted 05/27/2019  11:45 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Levelsofmadnes , Not to bash you for your accomplishment. with that list but this is why I don't collect errors or varieties . It's too much for my old brain to handle . I'll stick to collecting coins by date , mint and condition . So again congrats for being an inspiration to all newbie E&R collectors .
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United States
701 Posts
 Posted 05/27/2019  12:20 pm  Show Profile   Bookmark this reply Add Believe7 to your friends list Get a Link to this Reply
Time is all I need...good job.
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Greasy Fingers's Avatar
United States
7077 Posts
 Posted 05/27/2019  1:20 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
@ SamCoin..I understand and agree with your last post..for minor errors,rpm and varieties just store in labeled rolls and like you said nicer ones belong in a 2x2 or airtight...good luck in your hunt and may you find some wonderful errors and varieties...can't wait to see some great coins, again best of luck
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fortcollins's Avatar
United States
3663 Posts
 Posted 05/27/2019  1:46 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
For me, the bottom line is, "Am I interested in the coin?"

There are many coins that aren't "worth" collecting, in a profit-and-loss sense. Some of them just strike me (pun intended) as fun to collect, and that's why I do it.

Consider, for example, the Avogadro's Number of minor die chips found on 1950s Lincoln Cents. Just for fun, I started collecting them a few years back. I have a fairly extensive collection of extremely minor die chips that have little monetary value. No, they aren't worth the 2x2s, but I have them in 2x2s anyway. It isn't an investment. It isn't going to rival the Newman Collection. It's just something that is fun. It's also a diversion from my more costly addictions, nickel Three Cent proofs, full strike Buffalos, and PL/DMPL Morgans, and my wife's Canadian collection. I dump my extra minor chips at shows in bags of 10-12 different for $4. Young collectors find them interesting, and it helps grow the hobby.

On the variety front, like many I am slowly trying to assemble a variety set of Lincolns from circulated coins. It's the hunt that interests me. Our summers are short and our winters are long, and it's something to do when there is blowing snow and a bunch below zero outside. (It also makes a good excuse to delay my perpetual Honey-do list, but don't let my wife read that!)

Just some thoughts from the Old Codger corner.
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