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 Replies: 21 / Views: 3,680 |
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Valued Member
Spain
134 Posts |
Does anyone know if coins minted with a cracked die have a premium? If so, around how much (i.e. what percentage over the is regular price)?
Thanks
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Pillar of the Community
United States
2589 Posts |
It depends on the issue. For example a large die crack on a silver eagle or commemmrative proof will bring a premium, but on other issues such as a Jefferson nickel any premium will be extremely small. |
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New Member
United States
35 Posts |
How do you find coins from Machine?
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Pillar of the Community
United States
3276 Posts |
I'm assuming a machine is like a coinstar or some other coin dump maching, possibly in the reject bin.
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Bedrock of the Community
United States
20753 Posts |
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How do you find coins from Machine? I think I missed something somewhere. I thought this post was about cracked dies? I must have missed something. As to cracked dies or almost any mint type error, if you check out the Red Book, pages 404 and up, they list a multitude of Mint type errors and on page 407, approximate values. Of course this entire subject is way to vague to give out simple, constant valuess since the amount of error is only part of the equation on value. For example a off centered coin's value is pending on the denomination, the amount of offset, the grade of the coin, date and or mint mark visable.And on top of all that, is there a market for that type of error? At coin shows I've noticed a really large increase in prices on all sorts of Mint Errors since there are now appearing Mint Error collectors. A coin showing a cracked die could, may, might vary massively in value due to all of the above. |
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Moderator
 United States
188213 Posts |
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I think I missed something somewhere. I thought this post was about cracked dies? I must have missed something. He was referring the finds posted in XavierOfGreen's signature. |
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Valued Member
 Spain
134 Posts |
I never had any coins with cracks, but just this week I got 2 by chance. One is a 1942 British Silver Sixpence, and the other is a 1870 Spanish Silver 2 Pesetas. The premium is quite low for both coins on this same grade -the first is worth around $2, and the second $15.
At first, since the sellers didn't even mention the cracks, I thought they would rather be worth less; but then I read somewhere that some have a premium. I can't find anything on these 2 types of coins with cracks; so, how do I know which cracks have a premium and which ones not? Both cracks are quite big and well visible; would that also matter?
I also got another George V Silver Sixpence with an extremely weak strike on the obverse; would this also be considered an error worthy of a premium? :)
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Bedrock of the Community
United States
10045 Posts |
The one country I know where collectors put special emphasis on die cracks is Australia.
Die cracks are well-documented and collected there--and some carry good premiums too.
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Valued Member
Spain
134 Posts |
I was planning on selling these 2 coins; since I already have both in a higher grade. But after reading your answers I think I'm going to keep them; just in case they turn out to have any additional value. :)
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Bedrock of the Community
United States
20753 Posts |
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I was planning on selling these 2 coins; since I already have both in a higher grade. But after reading your answers I think I'm going to keep them; just in case they turn out to have any additional value. :) Good Idea. If you get a chance to go to coin shows, take them with and ask several dealers what they consider a decent price. Usually ask dealers that already have some Mint errors on their table. |
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Valued Member
Spain
134 Posts |
Just today I received, again by chance, yet another coin with a beautiful crack. It's the 3rd in a week! :)  Edited by silvermaniac
09/05/2011 09:29 am
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Bedrock of the Community
United States
20753 Posts |
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Just today I received, again by chance, yet another coin with a beautiful crack. It's the 3rd in a week! :) Finding them may be like finding slight offsets. You could have had many of them in the past but once you find the first ones, it sort of makes you look closer for them. Ever notice the same is true of cars and other things. You get a certain car and suddenly you notice how many of the same ones are on the streets. Never saw them before either. Ever notice how many error coins are on the obverse? So few people look at the reverses. |
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Valued Member
Spain
134 Posts |
Yes, I though about that; I might have a dozen more that I didn't even noticed. Offfets I know I have, I as remember seeing them before; but I didn't thought there were also considered errors.
In any case, if both offsets and cracked dies are so common; then the premiums must be quite low; if any. :(
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Bedrock of the Community
United States
17884 Posts |
A few small individual cracks are common and do not normally add value. If the cracks are very large they can but do not always add value. Extensive multiple cracking does tend to increase interest and add value. For example the 1839-O F106a dime known as the cobweb reverse. It is a extreme example of die cracks and you have to wonder how the die was holding togehter. Here is a link to a page on this variety It includes a diagram that marks out all the major cracks but as can be seen in the close up of the TES OF area there is a lot more cracking than shown on the drawing. http://www.seateddimevarieties.com/...106apage.htm |
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Bedrock of the Community
United States
10045 Posts |
 That's a spectacular coin! How much of a premium is on this coin? I imagine the collar is the only reason that die held together that long....  Edited by DVCollector
09/06/2011 12:31 pm
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Valued Member
Spain
134 Posts |
Wow... that's a crack! These are the other 2. They are bigger than the picture I posted above, but nothing compared with that dime... This is the British Sixpence:  And this is the Spanish 2 pesetas:  |
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Replies: 21 / Views: 3,680 |
Posted 09/01/2011 6:47 pm
