The Kennedy Half mentioned above with the retained die piece, since a similiar one on a Lincoln Cent sold for 9k in a previous Heritage auction.
The 25% off-center 20C piece was estimated by several experts to bring twice as much.
There were others too.
Hundreds of errors selling for almost 900k in 2-3 hours, most without descriptions, will leave huge opportunity for some!!!
On a few of them I need to be 🤫😉
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
It’s a broken die creating a huge ‘cud’ on the obverse, broadstruck since it didn’t fit in the collar. A very wild example.
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
It’s the largest error coin collection ever sold in auction. A couple come close though.
Congrats to Heritage for landing this collection for auction!
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
I bought it from Fred Weinberg over 20 years ago and sold it to a customer.
It’s very very likely an intentional mint error.
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
Yes. Although scarce, there are off-center coins known on every denomination in the Bust series. They can occasionally be found 5-20% off-center.
One of my favorite is the 15% off-center Drape Bust Dollar that I sold.
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
I’ve sort of had the feeling that the error coin market may start to separate itself into intentional and non-intentional errors. Curious to know what others have to say to on that issue?
Intentional “fantasy” errors have the feeling that if you can dream it, you can make it. The normal minting process be damned. Non intentional errors give the feeling of chance for roll & bag hunters what the mint accidentally let escape, and there’s demand from more people.
I thought that quarter/nickel/cent was intriguing, but gut feeling was that it was fully priced at $5,000. I’m personally starting to value intentional errors less, and unintentional errors more.
The Q on DS Nickel on Cent blank sold twice around 10k before last night.
The market shows that intentional error coins bring strong prices overall. There are exceptions.
Same occurs with non intentional errors. There are many that set records and some that fall thru the cracks as well.
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
Heritage Auctions Misfits Collection Part #1 had an intentionally created error coin set a record price $26,400.
There are over 10 St Q’s overstruck by Cent Dies yet this brought a record price!
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
Last night in Heritage ( as I mentioned previously) this amazing non- intentional off-center 20C piece only brought $16,800.
Many experts were estimating 30k.
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
That was one of the lots I was watching, as it was a truly bizarre sequence of events that resulted in that coin. I assume the shrapnel from the large die break managed to displace or damage the collar, resulting in a broadstrike. The expansion of the planchet without the collar is so unique because only half of the planchet was actually under pressure from the strike. Just a fascinating error coin.
I don't have the funds to play in this particular sandbox but I still enjoyed following the auction, there were a lot of very impressive coins.
Sean Reynolds
Incomplete planchets wanted, especially Lincoln Cents & type coins.
"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
Many of these errors were not casual mistakes, rather intended strikes that eluded mint supervisors (or made by them). For anyone to assign rarity to such clandestine pieces is absurd to me and requires review and scrutiny by by the rightful owners of such material...... the United States Government
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
@1madman said:
I’ve sort of had the feeling that the error coin market may start to separate itself into intentional and non-intentional errors. Curious to know what others have to say to on that issue?
Intentional “fantasy” errors have the feeling that if you can dream it, you can make it. The normal minting process be damned. Non intentional errors give the feeling of chance for roll & bag hunters what the mint accidentally let escape, and there’s demand from more people.
I thought that quarter/nickel/cent was intriguing, but gut feeling was that it was fully priced at $5,000. I’m personally starting to value intentional errors less, and unintentional errors more.
They may seem to have the "if you can dream it, you can make it" effect, but it seems like it was possible only a short time.
It's not like they were available for many years or even today, though some may wish they were. That's part of what makes them and the era so interesting to me.
@Byers said:
Yes. Although scarce, there are off-center coins known on every denomination in the Bust series. They can occasionally be found 5-20% off-center.
One of my favorite is the 15% off-center Drape Bust Dollar that I sold.
Wow, I went to look this up on Google, and came across this one!
I’ve been a full time professional numismatist for over 45 years, specializing in mint errors.
My customer base used to primarily consist of U.S. type coin errors- like the double struck and off-center Drape Bust Dollars.
But in the last ten years I have experienced a major shift in the demand of error coins.
The majority of my customers today are looking for proof error errors, intentional mint state error coins, and some type coins.
In my humble opinion many type coin errors are selling for half or a third of what they should. Examples are the double struck Peace Dollar and off-center 20 Cent piece that sold.
And many proof error coins and intentional mint state error coins are setting record prices like the Ike Clover at $105k and the ST Q struck by Cent dies at $26,400.
And…
My customers who do purchase type error coins or die trials just want top 20, not less expensive type errors.
Like the Gold Buffalo Nickel I sold for 400k
or the copper 1795 $ that I sold for 375k.
So some type error categories are weak unless they are top 20.
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
I’ve been a full time professional numismatist for over 45 years, specializing in mint errors.
My customer base used to primarily consist of U.S. type coin errors- like the double struck and off-center Drape Bust Dollars.
But in the last ten years I have experienced a major shift in the demand of error coins.
The majority of my customers today are looking for proof error errors, intentional mint state error coins, and some type coins.
In my humble opinion many type coin errors are selling for half or a third of what they should. Examples are the double struck Peace Dollar and off-center 20 Cent piece that sold.
And many proof error coins and intentional mint state error coins are setting record prices like the Ike Clover at $105k and the ST Q struck by Cent dies at $26,400.
And…
My customers who do purchase type error coins or die trials just want top 20, not less expensive type errors.
Like the Gold Buffalo Nickel I sold for 400k
or the copper 1795 $ that I sold for 375k.
So some type error categories are weak unless they are top 20.
Good observations Mike.
Moderns, especially proofs from the 70s, and the top classic errors certainly seem to be doing well. I think one thing they have going for them is strong eye appeal.
My guess on classic type error coins is that they need to be super eye appealing as well to have strong demand in today's market, such as the "Poker Chip" Morgan Dollar die cap and the Star of Texas double struck Fugio. Of course, these may be Top 20 coins
Whether it’s a proof error, intentional error, accidental error ( modern or type) it needs strong eye appeal in addition to other factors.
mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
Comments
Quite a few rips actually.
The Kennedy Half mentioned above with the retained die piece, since a similiar one on a Lincoln Cent sold for 9k in a previous Heritage auction.
The 25% off-center 20C piece was estimated by several experts to bring twice as much.
There were others too.
Hundreds of errors selling for almost 900k in 2-3 hours, most without descriptions, will leave huge opportunity for some!!!
On a few of them I need to be 🤫😉
Anyone want to take a shot at explaining what happened to this coin? To me, this was one of the more intriguing coins in the auction.
https://coins.ha.com/itm/errors/no-date-1c-memorial-reverse-lincoln-cent-major-obverse-die-break-broadstruck-scratches-ngc-details-unc/a/63200-93056.s?ic4=GalleryView-Thumbnail-071515
It’s a broken die creating a huge ‘cud’ on the obverse, broadstruck since it didn’t fit in the collar. A very wild example.
Part 3 is on Jan 23rd.
It’s the largest error coin collection ever sold in auction. A couple come close though.
Congrats to Heritage for landing this collection for auction!
To me this was clearly the most interesting coin of the evening
https://coins.ha.com/itm/errors/undated-washington-statehood-quarter-struck-off-center-on-a-flipover-double-struck-2000-p-jefferson-nickel-on-a-cent-planch/a/63200-93156.s?ic2=mytracked-lotspage-lotlinks-12202013&tab=MyTrackedLots-101116
Yes it’s a fascinating error coin.
I bought it from Fred Weinberg over 20 years ago and sold it to a customer.
It’s very very likely an intentional mint error.
I believe the offcenter bust dime was also very undervalued. I’ve never seen a better one. The cleaning did not bother me.
@Byers do you know of many offcenter bust coins? (That are not half dollars)
Yes. Although scarce, there are off-center coins known on every denomination in the Bust series. They can occasionally be found 5-20% off-center.
One of my favorite is the 15% off-center Drape Bust Dollar that I sold.
I’ve sort of had the feeling that the error coin market may start to separate itself into intentional and non-intentional errors. Curious to know what others have to say to on that issue?
Intentional “fantasy” errors have the feeling that if you can dream it, you can make it. The normal minting process be damned. Non intentional errors give the feeling of chance for roll & bag hunters what the mint accidentally let escape, and there’s demand from more people.
I thought that quarter/nickel/cent was intriguing, but gut feeling was that it was fully priced at $5,000. I’m personally starting to value intentional errors less, and unintentional errors more.
The Q on DS Nickel on Cent blank sold twice around 10k before last night.
The market shows that intentional error coins bring strong prices overall. There are exceptions.
Same occurs with non intentional errors. There are many that set records and some that fall thru the cracks as well.
Schultz
peacockcoins
Heritage Auctions Misfits Collection Part #1 had an intentionally created error coin set a record price $26,400.
There are over 10 St Q’s overstruck by Cent Dies yet this brought a record price!
Last night in Heritage ( as I mentioned previously) this amazing non- intentional off-center 20C piece only brought $16,800.
Many experts were estimating 30k.
@braddick .... Thank you sir.... I will endeavor to be more precise in the future.
Cheers, RickO
That was one of the lots I was watching, as it was a truly bizarre sequence of events that resulted in that coin. I assume the shrapnel from the large die break managed to displace or damage the collar, resulting in a broadstrike. The expansion of the planchet without the collar is so unique because only half of the planchet was actually under pressure from the strike. Just a fascinating error coin.
I don't have the funds to play in this particular sandbox but I still enjoyed following the auction, there were a lot of very impressive coins.
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
Many of these errors were not casual mistakes, rather intended strikes that eluded mint supervisors (or made by them). For anyone to assign rarity to such clandestine pieces is absurd to me and requires review and scrutiny by by the rightful owners of such material...... the United States Government
Mint Error News has published this before but for those who have not read it, here it is again.
Watch the video since Fred Weinberg explains why the U.S. Mint does not care about retrieving mint errors that are decades old.
https://minterrornews.com/news-11-3-22-exotic-and-intentional-us-error-coins-in-the-marketplace.html
Good to know and glad everything is on the up and up!
They may seem to have the "if you can dream it, you can make it" effect, but it seems like it was possible only a short time.
It's not like they were available for many years or even today, though some may wish they were. That's part of what makes them and the era so interesting to me.
Wow, I went to look this up on Google, and came across this one!
https://mikebyers.com/22055919.html
@Zoins
Yes that one is amazing!
I’ve been a full time professional numismatist for over 45 years, specializing in mint errors.
My customer base used to primarily consist of U.S. type coin errors- like the double struck and off-center Drape Bust Dollars.
But in the last ten years I have experienced a major shift in the demand of error coins.
The majority of my customers today are looking for proof error errors, intentional mint state error coins, and some type coins.
In my humble opinion many type coin errors are selling for half or a third of what they should. Examples are the double struck Peace Dollar and off-center 20 Cent piece that sold.
And many proof error coins and intentional mint state error coins are setting record prices like the Ike Clover at $105k and the ST Q struck by Cent dies at $26,400.
And…
My customers who do purchase type error coins or die trials just want top 20, not less expensive type errors.
Like the Gold Buffalo Nickel I sold for 400k
or the copper 1795 $ that I sold for 375k.
So some type error categories are weak unless they are top 20.
I have no appetite for most of these coins, I'll just stick with the standard price guides.
Good observations Mike.
Moderns, especially proofs from the 70s, and the top classic errors certainly seem to be doing well. I think one thing they have going for them is strong eye appeal.
My guess on classic type error coins is that they need to be super eye appealing as well to have strong demand in today's market, such as the "Poker Chip" Morgan Dollar die cap and the Star of Texas double struck Fugio. Of course, these may be Top 20 coins
@Zoins
Yes you are correct!
Whether it’s a proof error, intentional error, accidental error ( modern or type) it needs strong eye appeal in addition to other factors.