Premium Or Downgrade On Repunched Date Indian Head Cents

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Author	Replies: 10 / Views: 1,610
DollarsNcents New Member United States 7 Posts	Posted 10/25/2022 10:50 pm QUESTION: would there be a premium for an Indian Head cent with a Cherrypicker's Repunched Date variety that contains a struck through WIRE error? OR would it be a negative attribute on a variety whereas it would bring the value down? Report this Post to the Staff

JimmyD Bedrock of the Community Canada 21597 Posts	Posted 10/26/2022 07:24 am We would need to see pictures or else we would be just guessing. Is it a Struck Through or just a scratch? Report this Post to the Staff
ijn1944 Bedrock of the Community United States 19142 Posts	Posted 10/26/2022 07:26 am Interesting. Hope to see full, large and sharp photos. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 10/26/2022 08:31 am to the CCF! Edited by Coinfrog 10/26/2022 08:32 am Report this Post to the Staff
CarrsCoins Pillar of the Community United States 756 Posts	Posted 10/26/2022 1:06 pm are you asking because of my post on your other thread? if thats the case I can probably add some clarity to what I said there. on that indian I dont think it would make a price difference. that potential error is minor. in addition that coin is damaged right next to the potential error. the error collector would prefer not to look at damage when they put a magnifier on their error. the error collector usually doesn't really want to pay a premium for a die variety like an overdate on their example of a strike through. most of them would rather buy a nice example of a common date coin with a more extreme example of the error. by the time a collector understands what an overdate is they are usually at an intermediate or advanced stage of the hobby and will have heard that its good practice to avoid damaged coins. most people doing date/mintmark runs want their coins to look the same. they dont usually put a clipped or off center coin in their date/mintmark sets. things like strike throughs and planchet flaws, while interesting, detract from being a well struck, well centered, evenly worn example with consistent patina. for that coin I think your target buyer is budget guy. budget guy buys coins based on price. budget guy is a strong buyer and there are many of him, so he is not to be discounted. budget error guy doesn't want to pay a premium for a 67/67. budget IHC set guy doesn't want to pay extra for the minor error. Edited by CarrsCoins 10/26/2022 1:08 pm Report this Post to the Staff
robbudo Pillar of the Community United States 2757 Posts	Posted 10/26/2022 10:53 pm The 'struck thru wire' collector would pay a premium, and the RPD collector would pay a premium for the RPD, but there are no RPD struck thru wire collectors out there - basically value it for the most attractive component (RPD or Struck thru), and the other issue is a bonus to the buyer. Report this Post to the Staff
CarrsCoins Pillar of the Community United States 756 Posts	Posted 10/27/2022 7:01 pm thank you robbudo. that is a much clearer way of saying what I was trying to convey. Report this Post to the Staff
robbudo Pillar of the Community United States 2757 Posts	Posted 10/28/2022 11:41 am @Carrscoins - I liked your description! - was just trying to add to the conversation. I'm 'Budget error guy' myself. Still waiting to Cherrypick a 67/67, and I won't be getting it another other way. Report this Post to the Staff
DollarsNcents New Member United States 7 Posts	Posted 10/28/2022 5:33 pm Thank you CarrsCoins! I was having alot of difficulty getting people to answer the question and getting sidetracked on photos and the anomoly itself. Thank you for clearing this up. What you said about being damage and strike thru error distractions bringing the overall attractive appeal of the coin down in general, is the feeling I was having. Also thank you to robuddo for your input as well as everyone else. Report this Post to the Staff
robbudo Pillar of the Community United States 2757 Posts	Posted 10/28/2022 9:33 pm @DollarsNcents - good example here, I have an 1877 IHC, slabbed, with a mint error. Awesome, right? In fact, there are only three 1877's known with errors. Mine is just struck thru grease, and a good one at that. But people shelling out $ for an 1877 want a well-struck example with solid details. People in the market for a struck thru grease are going to shell out $5 for a common date with a big Greaser. No one wants a key date with a minor error. Fortunately, I paid 20% of greysheet for it, which is what I value it as. Report this Post to the Staff
DollarsNcents New Member United States 7 Posts	Posted 10/31/2022 01:47 am Thank you for the extra info, Robbudo Report this Post to the Staff
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