Quote:
...I take it that there is no value in these errors.
Correct. Also, these are not errors.
If you want to catch a rainbow trout, you need to know what a rainbow trout is.
The same with coins.
Finding random anomalies and hoping they are something valuable get's frustrating b/c odd looking anomalies are almost never collectable errors the coin hobby is interested in.
Save Yourself time, effort, and disappointment...don't learn the coin hobby backwards. 
Looking for random anomalies on coins and hoping they match up to something collectable will take you a lot more time, wasted effort, and disappointment repeatedly finding out you have nothing but post mint damage or useless
Machine Doubling,
Die Deterioration, etc.
Spend some initial time at places like error-ref.com, doubleddie.com, varietyvista.com, conecaonline.org, coppercoins.com etc. to find what actual and collectable coin errors look like.
A good way to start is, for instance, separate a bunch of pennies by date. Go to varietyvista.com and, date by date, use the reference there to see what errors are known for that specific coin/mint mark. Look for those specific errors/varieties using the pictures provided. After doing this for awhile you will KNOW what an actual error looks like and not have to waste time on face value and damaged coins.
