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Offcenter Strikes (Error Coins)

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Romania
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 Posted 03/09/2023  10:31 pm Show Profile   Bookmark this topic Add Andi10 to your friends list Get a Link to this Message Number of Subscribers
Hello!
Dear colleagues, please tell me if offcenter striked coins (which are minting errors, as far as I know) are more valuable than the normal ones?! If the answer is "Yes", how many times are these worth more?
Please notice that my question is adressed to you, generally speaking. That is for all coins, all countries. But, modern ones, let's say 17-th. century to 20-th.(included).

Thank you!
Andi

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datadragon's Avatar
United States
1648 Posts
 Posted 03/09/2023  10:49 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
General values for some of them focused on USA coinage.
https://varietyerrors.com/coin-pric...price-guide/

The coins can vary in value because of how far off center they are struck and what type of coin its on, although coins with full dates are more desirable than coins without a date or missing digits. An off center coin is one of the most common and best known types of errors as mentioned so most wont let you retire early. Additional resources may include searching through sold listings on auction sites like heritage auctions, ebay sold listings (and terapeak or worthpoint can be used to research deeper if needed). I havent explored errors coins on world coins enough yet to have more input there on the differences.


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Spence's Avatar
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34401 Posts
 Posted 03/09/2023  11:27 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
@andi, based on the coins posted here, it seems as though world coin errors are more thinly collected. However, there is for sure a US-centric bias that accounts for at least some of the discrepancy.
"If you climb a good tree, you get a push."
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"The danger we all now face is distinguishing between what is authentic and what is performed."
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tdziemia's Avatar
United States
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 Posted 03/09/2023  11:35 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
Agree on all the points of datadragon.

I don't think "how many times more" can be answered in a way that makes much sense. For example, a modern U.S. 1 cent coin that is struck 5% off-center might sell for a dollar or two, which is 100 times the value of the normal coin.
A dime that is 5% off-center might also sell for a dollar or two, which makes it only 10 times its normal value.

A search on ebay will turn up every type and every degree of off-center for U.S. coins.

(I collect older coins where off-center is a flaw that almost always decreases the value).

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datadragon's Avatar
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 Posted 03/09/2023  11:47 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
Another two price lists, again US centric https://coins.thefuntimesguide.com/...error-coins/ and https://coinsite.com/us-error-coin-values/

From John Sullivan: Virtually all series of U.S. coins are known with off-center strikes. Some of the rarest types include series that were short lived or had low mintages generally, such as the Flying Eagle cent, 20 Cent Piece, 3 Cent Silver, and any coin types which were struck with extra care, including proof coins or gold coins. Finding even a 5% off-center strike on series such as these can be very difficult and finding a 50% off-center example may well be impossible.

Modern coins are common with off-center strikes. Lincoln Cents, Jefferson nickels, Washington quarters, and most coins minted since the 1960s for general circulation are usually common as off-center strikes. The rarities in these more modern series of off-centers are certain dates and mint marks. Learning which are rare takes time, and generally involves asking an expert on the series or simply doing careful research into auction records. (note: which is where I summarized before and seems to be agreed by tdziemia).

One other rule of thumb with off-center strikes (and for almost all mint error types) is that the larger the coin or denomination, the scarcer the error is. For example, Lincoln Cents and Roosevelt dimes are generally very common as off-center strikes. Eisenhower dollars and Kennedy half dollars are scarcer. This rule of thumb applies to older coins as well. (Maybe that info will be useful in translating to foreign if someone hasnt already made pricing lists for them)

A collection of off-center strikes may be formed by date and mint for a particular series of coin (such as collecting off-center Lincoln Memorial Cents from 1959 through 2008) by date and mint mark, or perhaps doing a type set of off-centers, such as a 20th-century set formed of one coin for each design and metal type. Off-center strikes are popular due to their often-dramatic appearance, easy to understand manner of production, and also because they tend to be one of the most affordable error types. https://www.PCGS.com/news/the-popul...enter-strike

Coinweek articles on off center errors, one sold for 79k!
https://www.coinworld.com/news/us-c...rs-want.html
https://coinweek.com/coins/error-co...nter-strike/
Edited by datadragon
03/09/2023 11:56 pm
Valued Member
Romania
130 Posts
 Posted 03/10/2023  12:32 am  Show Profile   Bookmark this reply Add Andi10 to your friends list Get a Link to this Reply
Hello!
Thank you all for your prompt & kind replies but, unfortunately, the information you provided is not of much help FOR ME! Because your responses are mostly about US error coins & I have no such coins & in general, very few US coins as well.
My particular interest is for 2 offcenter coins I have up to now:
• a Romanian brass 10,000 Lei 1947
• a Swedish silver 1/6 Riksdaler 1777 OL/
I believe you cannot tell me anything about these particular error coins.

Andi
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tdziemia's Avatar
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7939 Posts
 Posted 03/10/2023  10:48 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
Well, providing more detailed scope of your question is more helpful than being "general".

In a recent Pegasus auction, several slabbed mint state 5 - 15 Bani coins ranging from 5% to 25% OC were auctioned at starting price of 150 - 250 eu.
Only the lowest priced specimen sold: https://www.numisbids.com/n.php?p=l...5534&lot=871

In another auction, a 1946 2000 Lei coin at 5% OC, and slabbed by NGC sold for 310 eu.

So certainly there is a market for these errors on modern Romanian coins, at fairly attractive prices (though you need to figure in the price to have them slabbed).

Probably your own research already found these examples.

I do not see evidence that minor OC adds any value to 18th century Swedish coins, but I could find only a little data.

What did your research tell you on this?

Edited by tdziemia
03/10/2023 11:12 am
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