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1989 1-Cent Coin Error?

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commoncents13's Avatar
Canada
248 Posts
 Posted 04/07/2011  04:07 am  Show Profile   Bookmark this reply Add commoncents13 to your friends list Get a Link to this Reply
---Ugly- I cant believe that you would minimize other possible or not hypothesis without a why that!
---I took the time how about you. How could you be so sure with a simple picture?
---It doesn't really mater to me it's not my coin! I'm just trying to help with open discusion, not shut it down.
---I'm willing to learn! If I'm wrong I will have learnt something! ---This to me, is not about being right! Note! I opened other Idea's, from mine!
---Sorry! But with all due respect, I,m not going to say yes without thought or proof!
---I may be wrong but I will explore with an open mind, isn't that how we learn!
---So to give a blanket statement like;


Quote:
The simplest explanation is very usually the correct one.


That kinda discourages open thought after yours!

---To simplify that quote even more! Ya at times maybe true, so you may be right -Ugly-!

-Scissle- But I learnt from your post, with Occam's razor.


Quote:
Overview

The principle is often inaccurately summarized as "the simplest explanation is most likely the correct one". This summary is misleading, however, since the principle is actually focused on shifting the burden of proof in discussions. That is, the razor is a principle that suggests we should tend towards simpler theories (see justifications section below) until we can trade some simplicity for increased explanatory power. Contrary to the popular summary, the simplest available theory is sometimes a less accurate explanation. Philosophers also add that the exact meaning of "simplest" can be nuanced in the first place.[4]


Thank You!

Edited by commoncents13
04/07/2011 04:39 am
Pillar of the Community
Ugly's Avatar
Canada
1733 Posts
 Posted 04/07/2011  08:41 am  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
My statement that you requoted was a rephrasing of Occam's razor, one that Scissle recognized obviously. It's the basis of processing anything in science, you start with the most likely hypothesis and work your way down the list. Feel free to think all you like, I didn't suggest you stop for a moment, however most often if Bob is caught kissing a blonde girl in a downtown hotel by his wife, it's usually not his cousin no matter how much you theorize about it. Sometimes a rock is just a rock and not a cherished artifact from a sunken Atlantean civilization.

I'm 99 per cent sure this is a penny on a dime planchet. Why? I've seen several previously and it looks pretty much the same. The weight works within the degrees of accuracy of a non lab scale. The strike looks correct, the rim looks correct, it's magnetic and so on.

This is called "A working hypothesis". Now instead of a spinning a tall tale about what else it might be , you place your energy into disproving a working hypothesis. Yes, not proving it, DISPROVING it. If you find evidence that only supports the working hypothesis then you needn't move on. If you find non supporting evidence, you add that new evidence to your existing list of evidence and THEN you synthesize a new working hypothesis.

If the evidence doesn't support this being a dime planchet then you move on to examining matching foreign planchets as I already alluded. I believe the next step for this is having it certified as an error by an expert. The most easily accessible experts are those employed by coin grading services.

SO, CC, diagnosing coins is a relatively simple process, lay your feathers back down and get on with the task at hand.

To the original poster, send the coin in and have it graded would be my honest advice, based on what we've gathered up here in this thread it's worth the risk in terms of the outlay of cash required (less than 20 bucks all in) compared to the potential benefit.

Regards,
Ugly
Pillar of the Community
Scissel's Avatar
Canada
693 Posts
 Posted 04/07/2011  2:44 pm  Show Profile   Bookmark this reply Add Scissel to your friends list Get a Link to this Reply
I find with online forums it's often hard to tell experts from greenhorns. As with any specialty field, someone who has seen hundreds of error coins will get a feel for what is genuine and the cause of an error. A simple comment might seem like a terse off-the-cuff opinion though. Then again, a collector without a lot of experience with error coins is more likely to have wild, creative & entertaining postulations.
Valued Member
commoncents13's Avatar
Canada
248 Posts
 Posted 04/09/2011  04:08 am  Show Profile   Bookmark this reply Add commoncents13 to your friends list Get a Link to this Reply
---Ugly- Thanks for your kind words, analogies and advice but no need!
I have my own tasks to accomplish!
---Who am I to try like you say and DISPROVE what you say, nor have intention to try!
---I am humbly saying that I cant compete with your knowledge and will add I was not! The floor is yours.
---That being said I don't have feathers, I have fur! There is no response from the owner so seems done and so am I with this topic.

Regards,
Commoncents
Edited by commoncents13
04/09/2011 04:09 am
New Member
Canada
6 Posts
 Posted 04/10/2011  10:16 pm  Show Profile   Bookmark this reply Add JuicyFruit to your friends list Get a Link to this Reply
No I'm still here. Just waiting for the dust to settle. Thank you everyone for your comments.

Ugly recommends that I have the coin graded. Does this mean 'someone' tells you what condition the coin is in, or does it also indicate value? Obviously, I haven't a clue as to what this coin is worth. ikandiggit suggests it valuable while Ugly says he/she has seen them before.

Does anyone have any idea (ballpark) what this coin is worth? I suppose I'm really wondering if it's worthwhile sending this coin insured mail from Yukon to Ont/Quebec and back plus the cost to get it graded (in other words.. is it worth more than that mailing/grading cost?)

Thanks all.

JuicyFruit
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Ugly's Avatar
Canada
1733 Posts
 Posted 04/10/2011  10:28 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
If authenticated, I'd put a value on it between 200-300 based on other similar items for sale past and present. The problem with wrong planchet errors are that they have a more narrow audience than a normal coin and you may take some time to sell if that is your goal.

If you were selling this online, authentication increases the marketability, to exactly what extent I cannot define.



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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 04/13/2011  12:52 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
If your intent is to sell the coin online or via consignment to an auction, then certification is a viable option. However, good photos of the coin next to a normal 1989 strike and a photo of the coin on a scale (where you can see the weight readout in the photo) is probably good enough to fetch a decent price on ebay.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

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Scooby Due's Avatar
United States
4000 Posts
 Posted 04/13/2011  01:10 am  Show Profile   Bookmark this reply Add Scooby Due to your friends list Get a Link to this Reply
If you plan on selling it, then I agree that this one calls for a slab. If you send it in for grading, they will also authenticate it.

Deeper pockets will come out if it is authenticated and graded by a reputable company.
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Apollo's Avatar
Canada
1610 Posts
 Posted 07/28/2011  9:14 pm  Show Profile   Bookmark this reply Add Apollo to your friends list Get a Link to this Reply
Yeah, similar enough we just discovered a 25 cents struck on a 1 cent planchet (copper it is awesome!
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