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 Replies: 18 / Views: 3,688 |
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Pillar of the Community
United States
7276 Posts |
Serious question. As someone that collects coins, I don't understand why so many posters believe that a simple error coin is so valuable. Other than some special ones (as an example like the 1955 DDO, 1943 copper and no D 1922), the vast majority are pretty much worthless. Even a lot of the errors I see are so hard to see that to me there is no interest. So why do so many (new) posters believe a simple error is so valuable? |
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Pillar of the Community
United States
7038 Posts |
2 words: You Tube
"Yes, you too can strike it rich from pocket change!!"
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Bedrock of the Community
United States
94367 Posts |
I don't think that most collectors of minor errors believe these coins have a great deal of value. They've just chosen this relatively inexpensive area of collecting to get involved in.  |
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Pillar of the Community
United States
7621 Posts |
 ... with Frog. Everybody has a collecting niche. Some collectors like minor errors that are not worth much and have little, if any, demand. And then there are those like me whose niche happens to be 38-D Buffalo nickels —— at last count I was nearing the 6000 coin mark. Includes everything from AG's to BU rolls and everything in between. I've been buying these things for almost 40 years. Again, not worth much and have little, if any, demand. It's stupid, not a good use of money, but I enjoy it! |
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Pillar of the Community
United States
3179 Posts |
Generally, I would prefer to find a variety, rather than an error. I find more errors than varieties.
Edited by Tunnioc
09/13/2019 12:18 am
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Pillar of the Community
United States
1161 Posts |
I think collecting is a personal thing and not something done for money. You may be a coin collector that likes to collect perfect coins that are already slabbed or 1955 errors that unless you have a great deal of money you will never acquire. Others prefer to coin roll hunt and spend some peaceful time going through coins, maybe to find different errors or varieties from a certain decade or something. To each their own, not everyone that collects errors and varieties believes they are going to get rich, maybe they do it because it involves more things then buying a slabbed coin, who knows
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Bedrock of the Community
United States
74279 Posts |
Misinformation and ignorance is a big part of this.
Errers and Varietys.
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Bedrock of the Community
Australia
21788 Posts |
I am thinking that the people who study these things can be valuable (to numismatics).
The effort that error and variety collectors put into their study can turn into a very valuable resource, if they wish to apply their newly acquired skills to other areas of numismatics.
Die linkage studies are critical to determining the sequencing, and therefore the dating of ancient coins.
It is the (sometimes) very minor die differences that are studied and sequenced.
Such is the case of the Athenian tetradrachms (c/- 480BC - c/- 400 BC), and the tetradrachms of Alexander, which were minted over a period of 100 years or so.
Edited by sel_69l
09/13/2019 03:29 am
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Valued Member
United States
247 Posts |
It's the thrill of the hunt! Not so much the numismatic value, but just to find it and identify what you have found!
Edited by Finn70
09/13/2019 01:17 am
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Valued Member
United States
119 Posts |
Honestly, I just think it is fun. I don't plan on getting rich but seeing the details up close and the flaws there are is cool.
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Bedrock of the Community
United Kingdom
17946 Posts |
When I started collecting as a kid (in the late 1960s) error coins in the UK were just considered curiosities. I seem to remember reading an article in a coin magazine that stated that whereas stamp collectors prefer errors, coin collectors always prefer coins that are perfectly struck. In the late 1970s I remember reading a letter in a French coin magazine where someone had sent in a photo of a nicely double-struck coin, and the magazine editor said that it actually made the coin worth less than a well-struck specimen! I agree with Greasy Fingers that YouTube and the Internet have had a big influence in recent years, and not always for the best... I often see British 'error' £1 and £2 coins on ebay with 'the edge lettering upside down'... it can be either way up! I was the only bidder on this clipped flan 2p when it was posted on ebay!   |
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Pillar of the Community
United States
663 Posts |
I just enjoy the hunt. If the "get rich quick" crowd would stop and think!! If it was so easy to get rich from pocket change don't you think the guys trying to sell you books or get you to buy tapes and making the post on youtube would do it? These guys are trying to make money selling something. If interested in error/variety coins study on you own (on this forum) and let the carnival salesmen go pound sand.
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Pillar of the Community
United States
751 Posts |
I personally collect error variations just for the thrill of finding them. I never plan to make a dime from them, just to see how many I can accumulate. I also do not find much interest is Post 82 cents. I failed to mention I only look for variations of Lincoln One Cent Coins.
Dan
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Pillar of the Community
United States
751 Posts |
I hear the phrase; "Go pound sand" a LOT lately.
All my life I've said; "Go pound Salt in your *** Edited by Staff | The bad word filter is in place for a reason. Bypassing the filter and making the intended word obvious anyway is completely unacceptable. ***".
Dan
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Pillar of the Community
United States
7512 Posts |
Quote:
I don't think that most collectors of minor errors believe these coins have a great deal of value. They've just chosen this relatively inexpensive area of collecting to get involved in. That pretty much sums it up!  |
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New Member
United States
36 Posts |
I inherited tons of wheat cents and didn't know what to do with them. Started picking through them and found lots of early dates which interest me. As I started looking up the values and putting together albums it was fun. Its fun to find those coins that are a little different too. I'm not doing it to get rich , just trying to learn a little something along the way. |
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Replies: 18 / Views: 3,688 |
Posted 09/12/2019 10:10 pm
