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Replies: 11 / Views: 1,072 |
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Valued Member
United States
257 Posts |
Has anyone seen what I've seen noted as a 'Strike Through Mint Error' of the VDB on the reverse of a 1909S VDB Lincoln Cent? Such has been slabbed, noted, and graded by a major TPG. What would it look like? Also, would this sort of error increase or decrease the value of the coin in Choice XF condition? Thanks in advance for whatever information you can provide.
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Pillar of the Community
United States
7629 Posts |
It would be 'struck through' - not 'strike through', and these particular types of errors are a coin to coin thing, meaning that every one of them would be unique as to exact appearance.
Furthermore, the value of key date coins would not be affected by anything other than extreme struck through errors, which may increase value because of the severity of the error...these would include struck through cloth, staples, wire, or larger metal fragments. Less severe struck through errors (like grease or small threads, etc) would lessen their marketability making the coins harder to sell. Many people want their key date coins to be as 'perfect as possible' without damage and striking issues.
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Bedrock of the Community
United States
12437 Posts |
Even if it was a solid EF45 grade wise, the struck-through would be distracting on a high dollar key coin like that and I would certainly not pay EF45 money for it.
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Moderator
 United States
16679 Posts |
Interesting topic. I have seen some key-date coins (1889-CC $1, 1872 2-cent piece) with struck thru issues. I would also think there would be a slight premium or significant premium depending on the importance of the struck thru error.
swcoin.ecrater.com
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Pillar of the Community
United States
3507 Posts |
Some would want you to think that anything , if it is out of the norm would increase the value of a coin. "But....It Ain't Necessarily So"!
On a key date like the '09 S V.D.B. A small "struck through" error would be a detracting factor that would lower the value of the coin.
If it were a major "struck through" error for example one struck through cloth or maybe one with a piece of wire retained, it would probably appeal to an error collector and if authenticated would likely add to the value of the coin.
Have Fun, Bill
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Valued Member
 United States
257 Posts |
First, thanks for the correction and explanation. You can see how brand spanking new I am and how desperately I need help on this one.
To try to add more detail, there is no indication as to what material is struck through, but that it occurred on the VDB, leaving about 20% of the lettering still visible nearest the rim. It was authenticated and graded by ICG. Hope this additional information helps the over-under value assessments.
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Pillar of the Community
United States
7629 Posts |
Especially with the circumstance that the part of the coin that makes it most valuable, the VDB initials, are affected, it would substantially lower the value of the coin. Probably by a grade in value or more. I wouldn't even be in the market to buy it at all - for my personal collection I would consider it a problem coin...same as cleaning or other damage.
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Valued Member
 United States
257 Posts |
Do you think that ICG took the struck through into account in assigning a grade of EF45, as some sort of a net grade? (The seller refers to it as a Mint Error "strike through.)
Edited by fmtaxguy 05/08/2009 9:27 pm
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Moderator
 United States
16679 Posts |
 Would you have a picture of the coin? That would make it so much easier to determine.
swcoin.ecrater.com
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Valued Member
 United States
257 Posts |
Unfortunately, no pictures of the coin. All that could be provided is a picture of the slab showing the grade of EF 45 with the notation "strike through at VDB." Image: slabvdb.jpg20.11 KB
Edited by fmtaxguy 05/08/2009 10:11 pm
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Bedrock of the Community
United States
12437 Posts |
A struck through error should not affect the grade of the coin but it will greatly affect the eye appeal which is what would depress the price.
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Bedrock of the Community
United States
17884 Posts |
In general an error on a key date coin results in a "White elephant". An error collector just wants an example of the error and is unwilling to pay a large premim just because the error is on a key date so they don't want the coin. A date and mint collector wants the coin to be as perfect as they can afford so they don't have an interest in a error key date either. So you have a rare coin with a error that no one wants unless you price it low enough that dat and min collector will buy it "Because he just isn't going to be able to afford a better one". The only way you are going to be able to get a premium for it is if you can find one of those very rare collectors who is actually putting together a date and mint set with all the coins having an error.
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Replies: 11 / Views: 1,072 |
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