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 Replies: 10 / Views: 3,752 |
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Pillar of the Community
United States
2757 Posts |
This is a question that pertains to collecting 'struck thru grease/water' errors. I've included some details about a scenario. There is a problem-free semi key-date Indian cent, slabbed as EF-40 by NGC with the obverse struck thru grease (indicated on slab). Looking at the coin, I see the reverse is clearly a beautiful EF-40, while the obverse basically looks like a VG-8 because the details are gone because it was Struck Through Grease. The value of the coin without the error is $200. On one hand, I would consider the value of the coin to be more like $150, because I see a coin with an obverse that is only in VG-8 condition. However, I also note that an error on this date is rare, so it could be worth $250. What do you all think? I post this as a philosophical question - I realize there is no right or wrong answer - just want to get impressions on this type of error. |
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Pillar of the Community
United States
4846 Posts |
if the coin has been struck and the error/defect has happened when the coin was struck ( die breaks, Cuds, and in this case, strike throughs), then it is not considered a defect, but an error not sure if this makes sense or not but.... |
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Pillar of the Community
 United States
2757 Posts |
Yes Adam, it is most definitely an error, I'm just wondering if people consider this particular error to add or detract from the attractiveness of the coin.
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Pillar of the Community
United States
4846 Posts |
ohhhh! well, to me, any error is attractive!
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Valued Member
United States
462 Posts |
I keep an interesting 2006 struck-through grease in my Jefferson Dansco. I want to have an example of it in there for comparison and it's otherwise not a valuable coin. If I can find an attractive looking error to put in my album in place of a "perfect" coin of the same year, I do it. But I prefer if it is a common year/mm. For keys, I want to have the best pristine example that I can afford.
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Pillar of the Community
United States
613 Posts |
Most of the struck thru grease coins I've seen have a letter or number missing or blurred out. Are you saying the entire obverse is struck thru grease? I guess you are if it has vg details and the reverse looks xf. Personally I would think that its a semi-key date with a (minor) error it would lower the value. But, if it covers the entire obverse like I think your saying, and it is certified, there should be an increase in the value.
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Pillar of the Community
United States
2757 Posts |
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Valued Member
United States
376 Posts |
Nice coin. I would have to say if your into error coins the value is determined by your desire as there is no real guideline to go by.
Edited by big777bill
04/30/2010 10:16 am
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Rest in Peace
United States
1943 Posts |
Traditionally I have always heard common errors such as struck thru grease will lower the value of key and semi key dated coins.
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Pillar of the Community
United States
1659 Posts |
robbudo, Congrats to you! You've filled a big hole in your incredible collection of Indian cent errors. I remember you saying in one of your other threads how hard it was going to be to find an 1877 with an error on it. |
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Valued Member
United States
376 Posts |
I'd love to be able to get any decent 1877 let alone an error coin. Robbudo you do have one heck of a set of IHC error coins (can you detect a little bit of envy?) LOL |
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Replies: 10 / Views: 3,752 |
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Posted 04/29/2010 5:23 pm
