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 Replies: 11 / Views: 2,463 |
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Valued Member
United States
372 Posts |
I picked up a handful of lincolns over the past year and I starting to seperate out the uncirculated ones to sell here in the next few days. After photographing this 1938, I noticed that the "M" in America was missing, perhaps due to grease on the die? Would something like this have a premium over a '38 in identical condition? Mike   |
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Pillar of the Community
United States
4846 Posts |
yes, it is the result of a grease filled die. it does not carry a premium but actually may lower the value, most collectors would like an error free coin for their set.
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Pillar of the Community
United States
524 Posts |
If you know someone named Erica it would be cool.  |
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Bedrock of the Community
United States
19930 Posts |
Generally worth less but to certain collectors it may be worth more.
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Pillar of the Community
United States
4000 Posts |
Quote:
If you know someone named Erica it would be cool I don't care who you are, dat's funny right dere.  |
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Bedrock of the Community
United States
20753 Posts |
At coin shows there are people that have entire tables full of error coins. There are many people that are error coin collectors so even small errors become valuable to those that collect errors.
Error coin collecting is growing basically for one reason. The amount of coin collectors is growing making the amount of coins available to each person lesser and lesser. This means if you want to collect coins you have to find something more common or at least not limited to a mintage quantity. And many error coins are constantly put back into change by those that think they are worthless.
You would be amazed at what some people claim to be an error.
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Bedrock of the Community
United States
19930 Posts |
Carl - I argued with an ignorant dealer at a coin show once about these 1941 cents. He had probably 5 of them he was trying to get $20 each for. According to him, it was a "variety" and I told him it was PMD. I tried in vein to explain to him what a variety was but he wanted no part of it. LOL This is a common form of damage on 1941's:  Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Valued Member
 United States
372 Posts |
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Pillar of the Community
United States
4000 Posts |
PMD = post mint damage. A lot of new collectors mistake it for a genuine mint error when it is not. In BadThad's example above, the damage was most like likely caused by a counting machine, or the last digit took some kind of "hit" to get like that. Your's is a genuine mint error.
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Valued Member
United States
372 Posts |
Ahhh. Thanks. I appreciate it.
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Bedrock of the Community
United States
20753 Posts |
Thad, you were wasting your time. Dealers like that usually well know what they are trying to sell. Maybe he really didn't but just in case there was an error collector around, he couldn't admit you caught him, now could he. And I'm sure if you offered him even half of what he was asking, he would take that and then saying to himself, gotcha.
I too have some of those in my error boxes. I have about 4 full boxes of error coins and most are like that, not really a Mint Error but fun to look at.
I sometimes get into arguments with dealers at a coin show about what is an Off Center vs a Broadstruck coin. Good for a few minutes of laughter.
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Pillar of the Community
United States
524 Posts |
Badthad, I think what you have there is one of the rare 19 4/5th Lincoln cents. The 5 was obviously filled with grease on this one.  |
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Replies: 11 / Views: 2,463 |
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Posted 01/20/2011 09:28 am
