How to Value Error Coins? Pics added
Tetromibi
Posts: 947 ✭✭✭✭✭
Is there a place that goes into detail on how error coins are valued? Is it just the wild west and sellers put whatever number they want on an item and pray for the best, or is there any kind of established "this type or similar sells for this"?
Pricing on ebay seems all over the place. I have about 15-20 quarters with varying degrees of errors that I have no clue what to submit and what to sell raw. How do you properly research these items?
examples below. I assume most are minor, but a few cool ones.
The last pic the strike-thru is over the v75 if that makes a difference.
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Comments
Look at past sold items on eBay, Heritage, GC and other sites to compare to your coin to get a general idea of prices. As a rule of thumb, the more dramatic an error, the more it will sell for. Having a date on the coin adds value as well. Having the coin slabbed by a TPG helps increase selling price as well, but is quite expensive.
Other than what I mentioned above, maybe check out this site?
https://minterrornews.com/priceguide.html
There are a ton of variables. If you can find a comparable coin in HA archives that’s a good place to start for most common error types. But some things are just based on experience. If you have a rare or unusual error with few comps, auction may be your best bet.
You can also post some pictures here, there are several knowledgeable error coin dealers and collectors here who can give you some guidance.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Error coins are by their very nature unique, so there is no price guide.
Certain types of errors can fall into a price range, but there are many variables.
There are many knowledgeable people here, and a few experts, and one of them is likely the person would be assessing the coin if you sent it to PCGS.
Why not post pics here?
BTW, if you pulled all of them from circulation most will be considered minor errors, most likely.
Thanks everyone, I assume minimal value here for the most part, but pics added.
The last pic the strike-thru is over the v75 if that makes a difference.
I would use past realized auction prices and not necessarily BIN prices.
If you think eBay is all over the place, check out Etsy
https://forums.collectors.com/discussion/comment/12731585#latest
In my opinion, it would be nicer if the v75 still existed and the error was on a different part of the coin.
Very nice.
Awesome finds.
Looks like mostly minor strike-thrus, but cool that you found some on the W coins. The apparent missing clad layer on the bat quarter is by far the coolest.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Can you post the other side of this coin? It looks like it was missing most of the clad layer before the strike. I can just see the edge of it around 4:00.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
It’s just missing most of the reverse layer. Front looks normal like any other quarter
Why does everyone show the bat quarter up side down? The bat is hanging up side down.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I haven't found a single W quarter in the wild and you have found multiple struck throughs!
I assume you go through a LOT of quarters,
I am guessing that among what is pictured only the bat quarter is worth slabbing (and that is a nice one). But the other stuff might have a little value (a few dollars) on eBay, or a little more for the Ws.
What is on this nickel? Struck thru something? It’s in a mint set.
Looks like corrosion to me, thus damaged.
Yuck. I feel gross just looking at it.
Struck thru usually (always?) involves a foreign object or material interfering with the strike. I don't see any loss of detail on your coin.
Maybe a mint employee sneezed on it.