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Question On Why So Many People Think That Error Coins Are All Valuable?

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coop's Avatar
United States
62064 Posts
 Posted 09/13/2019  7:11 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
After you've searched a lot of coins, then you start to see that some 'so called error' coins are common. Die breakdown as the die ages. The dies are intended to do one job. To strike coins. All wear out and are eventually retired. So to me getting excited about a die crack, chip, break and other common events, you realize that when these happen in the LDS die state and the die is continued to be used till retirement, a large number of the so called errors, make up a large percentage of the coins.
Question-On-Why-So-Many-People-Think-That-Error-Coins-Are-All-Valuable?
Question-On-Why-So-Many-People-Think-That-Error-Coins-Are-All-Valuable?
It is often when a Cud develops, then interest should be shown.
Question-On-Why-So-Many-People-Think-That-Error-Coins-Are-All-Valuable?
When a die shows a rim to rim crack all the way across a coin, they are just a few of these.
Question-On-Why-So-Many-People-Think-That-Error-Coins-Are-All-Valuable?
Question-On-Why-So-Many-People-Think-That-Error-Coins-Are-All-Valuable?
When a die splits, there will only be a few of these as these dies are often retired earlier, and less of these errors are out there.
Question-On-Why-So-Many-People-Think-That-Error-Coins-Are-All-Valuable?
Question-On-Why-So-Many-People-Think-That-Error-Coins-Are-All-Valuable?
Question-On-Why-So-Many-People-Think-That-Error-Coins-Are-All-Valuable?
How often does a die split off and is struck into a coin?
Question-On-Why-So-Many-People-Think-That-Error-Coins-Are-All-Valuable?
Once. There will be several Cuds struck with this die. But it is often a retirement issue.
Question-On-Why-So-Many-People-Think-That-Error-Coins-Are-All-Valuable?
Thus cracks, chips, even some breaks will not retire a die. A die can strike sever hundred thousand more coins before retirement. So some die event coins will be real interesting to new collectors, but seasoned collectors will shun them until they get into a die event worthy of notice.
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Petespockets55's Avatar
United States
5775 Posts
 Posted 09/16/2019  09:03 am  Show Profile   Bookmark this reply Add Petespockets55 to your friends list Get a Link to this Reply
Thanks Coop for pointing out the difference again between "errors" and Varieties.

I see people confusing the two a lot.
Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
Edited by Petespockets55
09/16/2019 09:03 am
Pillar of the Community
Russian Federation
5174 Posts
 Posted 09/16/2019  10:26 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
One really common thing that is traditionally considered an error is the die clash; a pair of clashed dies could continue to strike coins for a long time afterwards, sometimes together, sometimes separately.

I estimated at one point (having manually checked several hundred examples) that among post-2007 Russian 10 kopek coins from the Moscow mint about 10-15 percent had a visible die clash; supposedly in some 19th century US issues (3 cent nickels, IIRC?) die clashes were so common that now it's the coins without the clash that are worth more.
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