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Can You Answer This Question Please

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New Member

United States
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 Posted 03/01/2020  11:05 pm Show Profile   Bookmark this topic Add Destinydiogenes to your friends list Get a Link to this Message Number of Subscribers
If a coin has multiple errors,would that make it one of a kind?
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crok's Avatar
Australia
73 Posts
 Posted 03/01/2020  11:20 pm  Show Profile   Bookmark this reply Add crok to your friends list Get a Link to this Reply
It is highly unlikely that a coin has multiple errors that has escaped the notice of collectors.

Any error found causes a coin to become more closely examined and thus any coin with more than one error has a good chance of having already become known.

There are error coin collectors and no matter what error you can describe these specialists can tell you where within and how / why this error occurred.

But if you have a coin with multiple errors then it is I would think worth a pretty penny especially if in good condition.

post a photo /s ...
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John1's Avatar
United States
56855 Posts
 Posted 03/02/2020  04:34 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
As a general rule,all error coins are one off and varieties have multiples of the same issue. Please post photos of what you are asking.
John1
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coop's Avatar
United States
62064 Posts
 Posted 03/02/2020  3:48 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
If you mean damaged, then no.

If you mean a mint error and a variety error. Then it would be of interest to two different camps. A variety collector would not pay extra for an error. Same for an error collector, they don't care if it is a variety. So having both does not increase the value of the coin.

So please post with images so we can see what you mean as 'errors'?

If you mean the coin was smashed in a vise, drilled a hole into, run over in a parking lot, cut with a chain saw, then no it will not increase the value of the coin. Coin damage is just worth face value.

I actually divide collectable coins into three catagories.
Can-You-Answer-This-Question-Please
Coin damage is not one of them. Coin damage is just a spendable coin.
New Member
United States
29 Posts
 Posted 03/03/2020  03:42 am  Show Profile   Bookmark this reply Add Destinydiogenes to your friends list Get a Link to this Reply
Thank you guys--waiting for my microscope to arrive--i know now the importance of a clear picture
New Member
United States
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 Posted 03/03/2020  04:02 am  Show Profile   Bookmark this reply Add Destinydiogenes to your friends list Get a Link to this Reply
Thank you guys for renewing my passion in coin collecting --I recommend this forum to all my friends.I brought the microscope to see if I can see scratches that I can't see with the naked eyes--The coin I'm referring to is double die in the front and missing a letter on the back --once I get the microscope I will send it to PCGS
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John1's Avatar
United States
56855 Posts
 Posted 03/03/2020  04:13 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Do not send it to PCGS until you post good photos here first. We could save you a bunch of money.
John1
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United States
29 Posts
 Posted 03/03/2020  05:33 am  Show Profile   Bookmark this reply Add Destinydiogenes to your friends list Get a Link to this Reply
Doesn't PCGS increase the price of a coin?
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John1's Avatar
United States
56855 Posts
 Posted 03/03/2020  09:24 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
When it comes to selling price,yes PCGS will get you more than NGC or ANACS. Problem is,your coin after slabbing needs a retail value of at least $150 to justify all costs involved in sending it in. If you post pics here first we can let you know if it is worth the effort.
John1
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Conder101's Avatar
United States
17884 Posts
 Posted 03/03/2020  1:08 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Doesn't PCGS increase the price of a coin?

Yes, but if your coin is only worth face value, paying PCGS $35+ for slabbing will result in it being worth face value + 1 cent. An increase in value for the coins but a serious net loss to the submitter.
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coop's Avatar
United States
62064 Posts
 Posted 03/03/2020  2:17 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Most buyers feel like me: "I'm not paying anything extra for a graded coin. It could cost as much as $50 and the coin would be a face value coin. It would be like en expensive car put on a junk car:
Can-You-Answer-This-Question-Please
1963 Proof cents:
PR68RD
https://www.PCGS.com/cert/83718662
$35.00
PR67RD
https://www.PCGS.com/cert/38164422
$22.00
PR65RD
https://www.PCGS.com/cert/82422082
$14.00

Now would these be worth spending up $50 to have them graded? The highest graded one was $35.00 You could get these probably in a close grade at a coin store for 25 cents to a dollar.
Edited by coop
03/03/2020 2:28 pm
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crok's Avatar
Australia
73 Posts
 Posted 03/05/2020  02:30 am  Show Profile   Bookmark this reply Add crok to your friends list Get a Link to this Reply
First off ; personally I think overall grading of anything is good , why ? Any REAL grading company has to have a system here they use researched archival products to protect the contents, this preserves items for future generations.

2nd ; its an impartial group using a known formula ,for example , yesterday I got a lovely banknote graded 64 I looked and looked and then noticed the tiny brown stain. Does anyone truly believe that 49 % of sellers would point that issue out at point of sale ?

But to justify the cost you have to have something with some sort of uniqueness , grading bulk bullion coins simply means the grading companies get rich and your slabbed seventy is worth about hat the metal value is worth.

Modern coins are almost always near perfect ; no if you had some other semi-numismatic coin or a scarce item then the well over 50$ costs might justify it , postage in, grading, postage's back etc ? it adds up !

Better to photo your top coins and ask the community online if its worth it , but overall the grading companies get it right far more often than any buyer or seller could !

plus they encapsulate your investment, I always recall the judge in a divorce case saying to the ex-wife ; so you put his coin collection in the cement mixer and turned it on ?

She relied yes your honour ; he cared more about his coins than me. The judge said ; I do not know about that but that is criminal damage you turned a tens of thousands of coins into worthless metal and no your off to criminal court and possibly jail ! ! !

slabbed coins are at least safe from accidents ,i know a local man who has a rare car and waits till 9.30 pm at night to drive it.

If you on something precious you should try and keep it nice and safe !
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coop's Avatar
United States
62064 Posts
 Posted 03/06/2020  6:05 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Here is a 1955-S coin certified by PCGS:
https://www.PCGS.com/cert/34939038
Note the real coin on the image?
Buy the coin, not the plastic. Even professional graders make mistakes.
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