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What are the chances I'll find an error of any kind?

UrbanDecay04UrbanDecay04 Posts: 907 ✭✭✭✭
edited May 3, 2021 6:17AM in U.S. Coin Forum

I received about $3-4 worth of pennies from a friend. What are the chances I'll find an error?

What are the chances I'll find an error of any kind?

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  • USSID17USSID17 Posts: 1,264 ✭✭✭✭✭
    edited May 3, 2021 6:19AM
    1% Chance

    I think it all depends on what you consider an error.

    Fold-Over Strikes....no. Die chips.......maybe.

  • USSID17USSID17 Posts: 1,264 ✭✭✭✭✭
    1% Chance

    If the rolls came from a bank, probably not. If they came from someones collection, maybe.

    What kind of errors are you hoping to find?

  • BryceMBryceM Posts: 11,593 ✭✭✭✭✭
    Less than 1% Chance

    We've made a half-trillion Lincoln cents. If 1% had errors, that would be 5 billion error coins. I think the actual number is a bit below that.

  • USSID17USSID17 Posts: 1,264 ✭✭✭✭✭
    1% Chance

    I meant to say less than 1%........................MUCH LESS!!!

  • OldhoopsterOldhoopster Posts: 2,930 ✭✭✭✭✭
    More than or equal to 50%

    There are lots of minor filled dies, die cracks, chips, etc out there. No additional value, but out of 300-400 coins, I think you'll find something minor.

    Member of the ANA since 1982
  • USSID17USSID17 Posts: 1,264 ✭✭✭✭✭
    1% Chance

    You might get lucky. Show us what you find.

  • JBKJBK Posts: 14,229 ✭✭✭✭✭
    Less than 1% Chance

    The chances of finding a decent error are extremely small. However, the investment is also extremely small. If you are willing to invest the time, it is a no-cost pursuit.

    My advice is to focus, focus, focus. Do not closely scrutinize every coin for a DD or variety - only the dates/MMs with known DDs or varieties (unless they are very recent dates). For the rest it is a fast glance for clips, double strikes, cuds, etc.

    $3 - $4 in cents should only take a couple minutes except for special dates that need more scrutiny.

    As I like to say, if you want to find errors or other coins worth keeping, look at more coins, don't look at your coins more closely. It is all a numbers game where volume is key.

  • markelman1125markelman1125 Posts: 1,769 ✭✭✭✭✭
    1% Chance

    It’s possible but vary unlikely
    Once I found a lamination error on a 1945 war nickel in my cash register, that was cool

  • jmlanzafjmlanzaf Posts: 30,367 ✭✭✭✭✭
    Other (Describe)

    Define "error". If you include minor mint faults that no one cares about, pretty good chance. If you're talking a significant mint error that someone would spend more than $1 to own, pretty low.

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭
    Other (Describe)

    Maybe 5% for something minor.

  • KurisuKurisu Posts: 1,746 ✭✭✭✭✭
    Other (Describe)

    Is the friend @FredWeinberg or @ErrorsOnCoins ?

    Coins are Neato!

    "If it's a penny for your thoughts and you put in your two cents worth, then someone...somewhere...is making a penny." - Steven Wright

  • Namvet69Namvet69 Posts: 8,392 ✭✭✭✭✭
    Other (Describe)

    Go to Wawa, exit your vehicle, look down, walk. Peace Roy

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, Ricko, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, Jzyskowski1, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich

  • BLUEJAYWAYBLUEJAYWAY Posts: 7,235 ✭✭✭✭✭

    Well, if your friend worked at the mint...you might have a chance. :D

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Less than 1% Chance

    I would say you have better odds buying a lottery ticket. Good luck. Cheers, RickO

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