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Ring Of Death I Think It's What It's Called

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United States
114 Posts
 Posted 07/16/2023  2:46 pm Show Profile   Bookmark this topic Add Scoobynscrappy to your friends list Get a Link to this Message Number of Subscribers
I was wondering if a coin has errors on it and it also has a Ring of Death. Does the Ring of Death make it not valuable.
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nickelsearcher's Avatar
United States
15419 Posts
 Posted 07/16/2023  2:52 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
The Wrapping Machine Damage would certainly devalue any coin. Can't say that it would make a truly rare error coin worthless.
Take a look at my other hobby ... http://www.jk-dk.art
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Coinfrog's Avatar
United States
94367 Posts
 Posted 07/16/2023  3:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
That about sums it up.
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Keith67's Avatar
United States
6538 Posts
 Posted 07/16/2023  3:20 pm  Show Profile   Bookmark this reply Add Keith67 to your friends list Get a Link to this Reply

Quote:
Can't say that it would make a truly rare error coin worthless.


What "errors" do you see?
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ijn1944's Avatar
United States
19150 Posts
 Posted 07/16/2023  3:45 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Agree with all above.
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Wade's Avatar
Canada
2781 Posts
 Posted 07/17/2023  02:44 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
A problem coin will always be a problem coin. It will affect the value.
Most would rather have a low grade problem free coin than a high grade with issues.
An error would have to be substantial enough to be able to make the damage seem acceptable.
Without seeing the coin (and the error) I'm guessing the fact that the coin was damaged brings into question if the "error" wasn't also part of the post mint alterations?
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Brandmeister's Avatar
United States
6498 Posts
 Posted 07/17/2023  03:27 am  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
When you get into these situations, value becomes very subjective. For example, I recently found a somewhat worn 1946 nickel with a well known DDR. Jefferson's bust on the obverse has some abrasions across the whole face. Maybe without the scratches that was a $40 coin. PCGS would almost certainly grade it Details with Scratch or Damaged, and might even hit me with Cleaned for using acetone to remove a bunch of gunk.

Is that nickel worth $40? No. But I bet someone would give me $10 for it. The DDR features are worn but obvious, and both identification markers are present. The scuffing is on the front, all the important stuff is on the back. At some point, the value is low enough to where some people probably don't worry about resale value, and primarily decide to buy based on whether they like the coin and want to keep it. I've bought many rocks and minerals in the $5-25 range based on that exact mental process. I never gave a moment's thought to whether I could ever resell that nice pyrite crystal or Herkimer diamond.

If it's a $3000 coin with a Ring of Death, then you might be out of luck. But I still bet someone would give you more than $0 for it. If it's an interesting and non-obvious feature like a doubled die (vs. a CAM/WAM or something easily understood), then someone might give you a few bucks just to own one.

Why not post it here for id and grading, and see what people say?
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Dearborn's Avatar
United States
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