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Replies: 24 / Views: 4,723 |
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New Member
United States
5 Posts |
*** Moved by Staff to a more appropriate forum. ***hiiiiiiiiiiii is this a minting error or what? 
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Pillar of the Community
United States
4846 Posts |
its a MAD(mis-aligned die)
these are quite common on Lincoln cents. worth face value, sorry
Edited by Adam_E 05/20/2011 11:25 pm
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New Member
 United States
5 Posts |
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Pillar of the Community
Egypt
3470 Posts |
But still, it is nice to keep an example of a MAD  
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Forum Dad
 United States
24148 Posts |
Quote: worth face value, sorry Really? If it's truly a misaligned die I could, without question, get hundreds of times face value for it with a few nice pictures and an honest description.
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Pillar of the Community
United States
4846 Posts |
on ebay? yeah no doubt, but to me and most of the other collectors, its too common to be paying a premium, although people do collect them, I cant see them being of that much value. just IMO
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Forum Dad
 United States
24148 Posts |
Like it or not Adam, ebay is in the top 5 marketplaces on the planet. (2nd,I believe) To act like it "doesn't count" because you don't think it's right is foolish. Worth is determined by what the masses will pay, ebay most certainly qualifies as the masses. It's hundreds of times busier than Heritage. Does Heritage count? The point I'm trying to make is this... You just told the OP that his coin is worth face value which is not true and if the OP wants to send me the coin, I'll prove it and send him all the money.
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Pillar of the Community
United States
4846 Posts |
its in the top 5 marketplace, but they sell literally everything. from chairs to potato chips with Jesus on them, not just coins.
im just saying that the way I learned it on here, was that MADs are worth face, and its been told that many times to newer collectors.
Edited by Adam_E 05/21/2011 09:45 am
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Forum Dad
 United States
24148 Posts |
Adam, there's 1,032,032 listings in the coin category on ebay right now. How many on heritage? The eyes on ebay (coins alone) crushes Heritage. In my opinion, and many others I'm sure, the best barometer for the value of typical collector coins is ebay. Not PCGS, not numismedia, and certainly not the RedBook. ebay shows very clearly what people are willing to pay right now this minute. Your dismissing a very valuable tool.
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Pillar of the Community
United States
4897 Posts |
I don't know. Honestly I can see both sides of the coin (pun intended). Seems to me ebay is a great barometer of marketability but not really collectability. Yes, it has the largest audience. Unfortunately it is a largely uneducated audience. While you may be able to create a trendy market for a pseudo collectable (beanie babies, silly bands, etc..) True value, I think, is better represented in long term value. I guess in a free market value is a trend. But just because I can sell something doesn't make it truely valuble. IMO Any of that make sense?
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Valued Member
United States
136 Posts |
Makes sense to me and I think you nailed it in saying that its the barometer of marketability, not collectability and due to its large uneducated audience. I have one of these from 2000 (2000-D) and was wondering the same thing about the value of it. I did check ebay just to see what they were going for on there. I'm not saying I am any more educated than anyone else with regards to collecting, in fact I absolutely pale in comparison to many here on this forum, but I have learned a lesson or two from buying on ebay. My thoughts are that if you collect coins with a mind of selling some as well if not your collection at some point you have to keep in my the ' ebay effect' as it were. If you are purely collecting for the enjoyment of it, for the conservation of the coinage and history then you probably wont have much to do with ebay other than to keep an eye out for a quality seller that you can get a coin from every now and then. For me, I absolutely have no local resources other than Hobby Lobby which sells 'some' coin supplies (flips and album sheets, holders, etc.) and if I want to go to a coin store I have to go some 60 miles to the south which is no longer appealing because they have become more, I'm not sure how to put it, selling oriented. Which they should but it seems now their only focus. They dont have time or the patience it seemed the last time I was in there, to take into consideration what you are looking for and give you some tips on how to buy, etc. Minute stuff like that. I used to spend quite a bit of money in there and when I went in they would point me in the right direction and then let me look and decide and answer the question or two. Its not like that anymore unfortunately. I understand they have to make money as a business but it was the one resource I had within driving distance that I could get good help, valued information and guidance on choices and such. Now, all I have is pretty much ebay. I've never seen a local coin show or anything like that and I only know of a few casual collectors. So I'm kinda in no mans land and I shop ebay as a result, but you do have to weed out those that are blatantly trying to take advantage of the uneducated and keep yourself on top of the game to spot those that may be a bit more creative.
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Bedrock of the Community
United States
12437 Posts |
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New Member
 United States
5 Posts |
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Valued Member
United States
337 Posts |
worth isn't based on one thing...here is my thoughts Quote: just because I can sell something doesn't make it truely valuble. IMO this is confusing to me so lets say you have a coin, the rarest coin of them all and you say it's worth 5,000,000 dollars, but no one in the world buys it or wants it. Is it still valuable? It's the rarest coin in the world, but no one collects coins anymore where is the value in that I think everyone needs to understand one very important thing that my father has told me since I was a kid collecting football and hockey cards. "It's only worth what someone's willing to pay you for it" ebay is where people buy things, its where deals are made, and where people freely choose if they are going to pay an amount for an item or pass it up. It's what people are willing to pay for it. Who cares if the are "educated" shoppers or not. They are shoppers, they are the demand, they are the buyers. Another cliche type saying "one man's treasure is another man's gold" I have an old old adding machine from my grandmother. It weighs a ton, it's bulky and takes up counter space. My cousin collects antiques and didn't want it. He said it wasn't worth anything to throw it out. I took it from my grandmother gratefully and plan on keeping it to remember her by when I can no longer go an visit her. If I could save one thing from my apartment if it caught on fire and my coins were all packed up and the adding machine was right next to them, I would grab the worthless machine every time. Tons of things give stuff value. What people will pay for them is one side of the story, and what people cherish or like is the other side. If people want to buy and sell what is garbage in your eyes then let them do it, but don't tell them what they have is worthless, cause that just makes you seem like an idiot. is this topic locked up after this post or is there still more to say. ebay is a good tool it shows you what people will buy, and it shows you one of the biggest audiences you could ever find. It shows you "educated" and "uneducated" shoppers. Another little tid bit, how many of you educated coin guys have gotten ripped off (fake coin, mislead, impulse buy that wasn't worth it) buying something on ebay or anywhere for that matter? If you have, you turned into an uneducated shopper. Think about it, buy what you like and remember it's a hobby first, if you can make money off it later cool. But always think of it as a hobby 
Edited by Chriscoinmaster 05/22/2011 10:16 pm
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Pillar of the Community
United States
4897 Posts |
Personally I care very much if they are "educated" buyers or not. Why? Because this is my hobby (I rarely sell anything) and uneducated buyers cause price increases in coins that I may want...not for their monetary value but to fill a hole, start a set etc... Also consider the fact that Beanie Babies (use whatever example you like) were once sold for $10 - hundreds of dollars I saw a huge box of them at a garage sale this weekend for 25 cents a piece. My point is that some buyers on ebay are looking to "invest" in the next great thing. And some are true collectors passionate about what they collect. I don't want to have to fight with the "get rich quick crowd". I avoid the bay for that reason. I just believe it is "generally" bad for the hobby. Just my most humble opinion.
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Pillar of the Community
United States
687 Posts |
Wow, seriously? Now Adam_E has been known to jump the gun on things around here, but I think you guys are really beating him up for nothing here. He (sorta) answered the poster's question and informed him of what he thought the value was. I think he's spot on. Do a completed search on ebay for misaligned die and you'll see that the only ones that even sell are misaligned to a much larger degree than the one above. The closest I saw was an 1982P that sold for $0.80 - even if you can sell it for 500 times face, I don't think it's really worth your time to do so. I doubt a dealer or another collector would buy it either. Now, Adam_E didn't really answer the question and explain that a MAD struck coin is an error or add how it happens, but from coin's (how was *that* name available?) response I think he got the answer he was looking for.
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Replies: 24 / Views: 4,723 |