2005-P Kansas 25C Mint Error/help with possible value/Rarity?
Kwhopper
Posts: 27 ✭
I am looking for advice/opinions regarding a 2005P Kansas statehood 25C that is graded by PCGS as a struck through grease mint error. I have never seen, nor found any further information on this specific error, which is the "Kansas" and "1861" were not struck on the coin. Any help, advice, opinions regarding possible value, rarity, etc. would be greatly appreciated. Thank you!
Kwhopper
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Comments
I apologize, here is the CERT# 50891950
Kwhopper
Here you go, PCGS AU50.
Nice error. Grease filled dies are not that uncommon. Yours, however, has more missing details than most. Certainly there is a premium. Too bad it's not Mint State as that would have certainly attracted more attention.
I have no idea of value as I don't collect errors, usually.
bob
Thank you sir, yes the only three known grease errors are the rust, spitting bison, and missing leg. This is a never before seen error that I cannot find any other example or information.
Kwhopper
Errors are, by their nature, unique. Sometimes there could be a run of similar or even nearly identical errors, and there were possibly a few more like yours that were produced before the grease cleared off the die.
In any case, yours has a great look because the ommision is so striking. No idea on value, but it certainly isn't worth in the $1000s, might be in the low $100s, or possibly around $100. Some of the error people will have a better idea.
AUandAG summed it up pretty well. Normally, grease filled errors do not have very high premiums. But yours does have some nice symmetry and nice eye appeal, so that is in your favor. I like it! (But probably would not pay much for it as not the type of error that I normally would hold on to)
All three of those are varieties rather than errors. Unlike errors, varieties are repeated identically across many strikes.
None of the three varieties you mention were created by grease.
As others have said, errors are unique. By definition, every error is never before seen. That includes grease filled dies such as yours. You should have no problem finding lots of examples and information about grease filled dies in general. You will never find another that matches yours exactly.
I expect yours would be worth more than $20, although possibly not much more. I'm considering a slight boost to the value because the entire legend is missing rather than only part of it. That's more than balanced by a reduction in value due to the low grade.
There is very little interest in grease-filled dies, sorry.
I sold a Kennedy half that was struck thru grease and way more dramatic then your quarter. It brought $45 on eBay, The premiums for grease filled dies or struck thru grease coins are not very high.
My advice is that if you can sell this for anything above $50, I would take the money immediately.
This is deceptive. A low value error like that one is not frequently slabbed because it costs more to get the slab than the coin is worth. My best estimate is that is $50 or less which is why you don't see other slabbed versions.
I thank you all for your input and advice. I ask all who commented here too research the existence of other examples like this, not slabbed, that are similar in nature. I ask this because I can't find any other similar examples, even not graded, other than the known examples. Also, PCGS told me specifically, that the "In God We Rust", for example, is NOT a Variety. See photos attached, this is the closest example to mine I've found.
Kwhopper
OP, Most people won’t send something like this for grading because its value is less than the grading fees.
At this point this thread is borderline spam as you have listed the coin on ebay and started a thread on the BST for it. No need for anyone to further "research" this, wait and see if anyone wants to buy it at your price.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I can put it another way. Once upon a time I bought a large collection of hundreds of error coins. There were several circulated examples of struck-thru grease coins just like this one. I spent them.
That is a nice strike through. Put it in an airtight capsule and find contentment. Feel lucky that you did not buy it. That is a coin to trophy, not a coin to purchase, though. Search a few boxes of quarters and you can build a set of state quarters that have been struck through grease.
I would pay that if it were in a slab, graded straight.
My interest is not in the error on the coin, but in owning the whole mistake.
Looks like you aren't taking your own advice to me. The OP still values it much higher than $50 anyway...
I'm not spamming anyone, I put it up for a bid of $100, asking if for possible value that way I could take it down if it wasn't worth it, so I didn't make myself look too dumb and @Creg @goodmoney4badmoney here is my example.
Kwhopper
It's a neat item, just not worth very much due to the factors already mentioned by others. Grease filled die strikes are common and most error collectors do not have interest in more minor errors like this. How do I know? I've been collecting errors exclusively for 25 years.
That is correct. "In God We Rust" is the result of a very common grease filled die with approximately no value. Your example with the entire legend missing has some value, even if not a lot.
Rust by itself, meaning the oxidation that turns iron or steel reddish with a rough surface, is something that affects the dies themselves. It is a variety not an error. "In God We Rust" has nothing to do with the oxidation of iron.
You seem to be hung up on the fact that you "can't find any other similar examples". Where are you looking? Ebay only has a limited archive of recent past auctions.
There are countless grease-filled die errors, most of which are not slabbed. if you get $100 for your coin then you'll find out why - after selling fees, grading costs, etc., you'll just about break even.
As @Creg suggested, your coin is a trophy, it's a great find with a great look because of what was obliterated by the grease, but that does not necessarily translate into a lot of value.
I'm feeling a little less charitable after looking at the OP's other ebay listings - msidentified and absurdly overpriced. One of the most laughable was a 2000 P Lincoln cent in a cardboard 2x2 identified as a "Cheerios cent".
I understand what you're saying, coins are worth what someone wants to pay, I completely understand that. I just don't know what a reasonable value was, with that that being said, it is in fact the specific grease filled error on this coin. In other words, the three common errors you see on this coin are just that common, so I can't understand basing a value off of a common error, when I cannot find another example that does not have state name and date struck on the coin. Ill keep it for that matter, I'm just saying if I were collecting errors in this series, I would rather come across this one, rather than the more common grease errors.
Kwhopper
If you're dying to find similar examples, here are some similar examples:
https://coins.ha.com/itm/errors/2000-p-25c-virginia-quarter-struck-thru-grease-ms61-anacs-5964-/a/411-9966.s?ic4=ListView-Thumbnail-071515
https://coins.ha.com/itm/errors/-1999-p-25c-pennsylvania-statehood-quarter-struck-through-grease-ms60-anacs/a/60311-52225.s?ic4=ListView-Thumbnail-071515
https://coins.ha.com/itm/errors/1999-p-25c-delaware-statehood-quarter-struck-through-grease-ms62-anacs/a/60311-52222.s?ic4=ListView-Thumbnail-071515
https://coins.ha.com/itm/errors/2004-p-25c-iowa-statehood-quarter-struck-through-grease-au58-pcgs/a/60254-93165.s?ic4=ListView-Thumbnail-071515
You like that huh? That is intentionally done, to show the absurdity of other coins listed on ebay, it was a personal conflict when I told another seller that they were wrong on pricing. But we won't ask first just put the guy on blast right? Geez, every forum is the same, they're all here for help but every error is different, then they are all the same it's stuck through grease, you see how one can get confused?
Kwhopper
My advice is to start your eBay auction at $0.01 and let the market decide where its value lies. If it's worth thousands of dollars to someone, the bids will reflect that.
My Carson City Morgan Registry Set
Thank you, that was an appropriate answer I was looking for, I don't think it's worth retirement money, I just didn't know where to start. I appropriate that response thank you very much.
Kwhopper
I saw nothing in your apparently AI-generated descriptions that remotely suggested that they are meant to be ironic, sarcastic, etc. They just seem like more ebay nonsense that feeds the uninformed and misinformed, both buyers who might get pulled into the hype, and sellers who might think that their own pocket change is worth $100s.
You've been given many straightforward (and correct) answers to your original question but you seem to remain skeptical.
Ok sir, thank you for your help and advice I appreciate it!
Kwhopper
It is slabbed.
Geesh
How would one have reached the conclusion that it is satire? And how does listing a coin that looks seriously for sale serve to address a "personal conflict" with another seller?
Every error is individually different but they do fall into categories. Some categories are premium. Other categories, like grease filled dies (struck through grease) are minor.
I missed the late-posted true view.
@Kwhopper - did you submit the coin?
@Creg
Kwhopper
I like the one without Kansas. Thanks.
No problem
Kwhopper
Had to take a look at your other auctions. I really hope you really are trying to learn and mean well.... but hope inexperienced collectors are not buying any of those items. Compared to your asking prices on other 'grease filled' strikes, that Kansas quarter is a bargain. At least it is certified.
I quit looking at the items after a dozen or so. BTW... on the 1985-P Lincoln DDR/EXT. DIE CRACK... all I can see is post Mint damage... and $600?? I am trying to give you the benefit of a doubt on your intentions, but I suggest that you do more research. The advice you have been getting here on this forum has been good advice, and well intentioned to help you.
I will change them it's a long story, and no I would never let anyone pay that for something that's just a cent I was honestly trying to prove no one would offer anything.
Kwhopper
The quarter you found is cool. The stories you write about the coins for sale sound like the typical scammer.
In honor of the memory of Cpl. Michael E. Thompson
Believe what you want, that is the opposite of what I'm trying to do, I'm trying to prevent that and overpricing for n
Kwhopper
He said that your stories SOUND LIKE the typical scammer. I agree with him. That's what they sound like.
If you're aiming for a different result, you might look for a different way to get there. It's not a flattering crowd that you're emulating.
Normally, when people offer grossly overpriced items on eBay, they are trying to rip people off. Items like these, for example:
Well that wasn't my intention, I'm very honest and I got scammed a little while ago. I said do you think you can just put up whatever you want? The seller said ya people buy them and i said I'll put up stupid pricing and watch everyone will catch it and say something. So there's the short of it, but I did take them down. I'm just tired of people doing exactly what you guys are accusing me of, without any proof I might add. Also, I happen to have some, education, one could say in law, and accusing people off this stuff, whilst blasting them on the internet without any proof, could be considered defamation of character.
Kwhopper
I agree with @JBK
https://www.ebay.com/itm/315937448369
Without proof?! Your ebay listings were the proof. There was no indication that they were fake listings meant to make some kind of point, so they stood on their own.
While you are exercising your vast legal knowledge perhaps you could figure out what transgressions were committed with those descriptions that were misleading and full of misrepresentions.
The great irony here was that your one legitimate error was the cheapest coin you had for sale. 😀
You sir have a good day, I meant proof I was trying to take advantage of people like I had been taken advantage of, I'll show you the coin and tell me what you would have thought?
Kwhopper
I would have thought "fake". There are infinitely more fake 1943 bronze cents then there are real ones.
It is not a coin that I would ever remotely consider buying raw. Of course, I wouldn't be able to afford a slabbed one. So, I guess that means I would never buy one,
unless I knowingly bought a fake one for little money as a novelty.
Ok I gotcha I didn't pay a lot but I received this one, blatantly a different coin.
Kwhopper
@Kwhopper Your law practice must not be doing very well if you need to sell your pocket change on ebay.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
I honestly don't get it?
Kwhopper