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 Replies: 11 / Views: 1,185 |
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Valued Member
United States
365 Posts |
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Moderator
 United States
56855 Posts |
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Moderator
United States
96842 Posts |
Pretty cool. the die must have continued to chip as your looks larger than the one John1 posted from ebay. |
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Valued Member
 United States
365 Posts |
Thanks for the comment Dearborn. It's a nice addition to my error collection. And thanks John1 for the reference on ebay. I checked several other ebay listings and found that these errors are being sold for between $1 and $5, with a higher premium for the larger die chip. |
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Moderator
United States
189010 Posts |
Nice find!  |
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Bedrock of the Community
United States
62064 Posts |
But a premium for these are taking advantage of an unknowing public. The rest of the life of that die will create hundreds of thousands of these. No premium for these at all. Learn what to buy first before spending money for die event stuff.
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Valued Member
United States
365 Posts |
Coop, I respectfully disagree. Is there any way of calculating the number of these coins minted with the large die chip? Obviously, the answer is no. And, in good condition the error will be even more desirable when the coin is in mint state condition, and thus more difficult to find. You have to admit that there are collectors who covet such errors, and will be willing to pay a premium for them. And that's true with any type of error coin.
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Bedrock of the Community
United States
62064 Posts |
Just looking at the die state tells me is in the LDS/VLDS range were up to 54% could have these issues. So they are just a die event. (Progressively getting worse)
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Valued Member
United States
365 Posts |
Coop, 54% of what?
It appears that you are seeking to make a point about error coin values about without any concrete facts. What if the faulty die was replaced at the Mint soon after it began to produce these errors? You have to admit there is no way of knowing how many of these error coins were minted---it's just pure speculation. It could be a very small population that left the mint with these errors for all we know.
Furthermore, we all know there are numismatists who will pay a premium for an error coin that he or she finds desirable for whatever reason. Maybe because it is on a particular area on a coin, or simply because of its size. That is not an taking advantage of "an unknowing public." Just my humble opinion.
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Pillar of the Community
Canada
6244 Posts |
To "MB"
Sorry, but I have to make you understand how it work.
First your coin it is a part of the mass production.
Second: Starting with 2014 in Phil they use optical check, which do not can see those kind of defects.
Third: At the end of the line, by lot (around 10000 coins) is somebody who look at 3 to 5 coins and give OK for all batch.
Forth: For your knowledge, a quarter cost to produce in mass production somewhere to 2. to 3 cent.
Conclusion: Your logic could be applied on others environments or cases. COOP was correct and the market prices are where they are.
END: If your coin was an small struck, your logic was correct, but in this case no.
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Valued Member
United States
365 Posts |
Thanks Silviosi. Your analysis is noteworthy, but has little to do with whether such an error coin is desirable to a collector, and worthy of a premium. If there are collectors who find it to be desirable error and want to add the coin to their collection, a demand is created along with a premium value. I don't see this as "taking advantage of an unknowing public." I'd be interested to see comments on this from others in the coin community.
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Pillar of the Community
Canada
6244 Posts |
How I can tell you something exact? No.
Each collector is different, and the market is up and down. I give my own example for this year:
I put on Heritage for sale catalog price 80 k notes. I expected around 45k and I have at the end 39k (no loose on investment, just not reach a 18% year). Maybe I choose bed time or maybe was no collectors for.
Like this work. We take a guess and follow the wind of hope. Important it is to win or be at least equal.
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Replies: 11 / Views: 1,185 |
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Posted 12/21/2021 08:26 am
Uncirculated American Silver Eagles 
