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Replies: 9 / Views: 2,086 |
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Valued Member
United States
280 Posts |
do die cracks add value to coins, if so how much value could they add.
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Pillar of the Community
United States
3499 Posts |
coinyoungsta- It really depends on how major the crack is as well as myriad other factors relating to how common cracks are in that series, the the overall demand for that type of coin within the local market, & etc. I know that lot of collectors of US coins claim that they add value to a coin. By contrast, collectors of many other countries do not place an additional premium on error coins. In fact, for some countries die cracks and other problems are the norm.
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Bedrock of the Community
United States
12437 Posts |
Die cracks are generally considered to be a normal part of the minting process. However, a die break can add value to a coin. One example of a die break would be a Cud.
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Bedrock of the Community
United States
20753 Posts |
What your asking is pending on the amount of error collectors in an area. At coin shows as a rule, any defect in a coin is shunned by the serious collectors that usually sit and study each coin as if it was going to say something. Many don't take coins with the slightes problems if they are looking for coins for a collection. The grade is not as important to many of those types of collectors as the condition dealing with dents, Cuds, die cracks, etc. Contrary to that are the latest increase in error collectors I've noticed at many coin shows. Even some dealers have gone to specializing in all types of errors. One dealer at many of the coin shows I attend has two tables of just error coins and he charges outrageous amounts for them. He knows his prices are high but he does sell them. Die cracks, slight offsets, broadstucks and almost anything possible is selling really great for him. So it really depends on who is buying what. I haven't been watching ebay for those but since I just about live in so many coin shows I see what is happening only in my area.
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Moderator
 United States
56855 Posts |
Just wondering, if you see someone buying a coin with a minor die crack on it and is paying a lot for it do you say anything to the buyer or the seller for that matter? I think sellers like that give our hobby a bad name. It's like a lot of those coin shows on t.v. taking advantage of grandparents buying there grand kids coins.It makes me  John1 
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Bedrock of the Community
United States
20753 Posts |
Quote: Just wondering, if you see someone buying a coin with a minor die crack on it and is paying a lot for it do you say anything to the buyer or the seller for that matter? I think sellers like that give our hobby a bad name. It's like a lot of those coin shows on t.v. taking advantage of grandparents buying there grand kids coins.It makes me John1
Really, really not a good idea to interfear in someone else's transactions at a coin show or anywhere else. A dealer could be a real nut and you could end up in a bad situation. A dealer may have many friends in other dealers and again, you could end up not being able to acquire anything. The buyer too may just be a plant by the dealer and blow his top at you for sticking your nose in. At shows it is not to uncommon to have a friend as a plant to make it look like your a great dealer. Same reasoning for people not going into an empty gas station, restaurant, etc. People like to go where other people go. Having someone hanging around a dealer's table makes it appear he is worth dealing with. Over the years I've seen many things I didn't like at coin shows but also have well learned to keep out of those situations.
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Pillar of the Community
United States
8904 Posts |
Maybe it's just me, but I can't imagine anyone talking me into spending more for a coin than I have decided previously to spend. Maybe that's the key. Study the coin and its heritage, current sale trends, market availability, etc., and decide before-hand what you want to buy, how much you're going to spend for it and walk away if the deal's not right. I think a little research and some study is the key to being a savvy coin collector. You end up getting much more satisfaction out of this hobby if you feel good about your acquisitions (you spent a reasonable amount of money on them) and don't feel so bad about the deals that got away (because it didn't meet your conditions for purchase). Just my Two Cents!   
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Pillar of the Community
Philippines
1156 Posts |
coin die cracks and their premium is up to the buyer. Here's a large 1884 British North Borneo 1 cent copper flipside with a horizontal die crack almost like a grin ear to ear it's about to undergo lye bath cleaning for the learning process (mine) on taking out corosion  maybe when it's cleaned, I can see the die crack much better 
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Pillar of the Community
United States
8904 Posts |
I personally like a good die crack. It adds huge personality to a coin and shows us one of problems associated with the ins and outs of coin minting. (It certainly wasn't easy early on, particularly before steam power).
But, I wouldn't pay a lot extra for just a die crack...
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Valued Member
 United States
280 Posts |
actually I paid less for my 1868 Shield nickel in EF/AU, it has a die crack completely around the shield and through some of the letters. I found the cracks on accident, my dog has black hair and sometimes the hair will get stuck on the slides in my 7070 and I went to wipe it off and it wouldn't come off so I got the magnify glass and saw the cracks.
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Replies: 9 / Views: 2,086 |
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