Aren't there people that ONLY collect error coins? I mainly collect early copper from around the Industrial Revolution period. There are many low-grade 1820's to 1850's large cents that will typically fetch $25-$50 depending on details and damage. However, if it's struck more than about 10-degrees off-center, the prices get into the $100's if not $1000's. Rotated reverses tend to bring a slight premium as well. That said, rare varieties (Overdates, Corrected Fractions (for earlier Draped Bust Cents), Small date vs Large, etc.) seem to languish until that "special collector" comes to cherry pick it, but error coins don't seem to last that long...
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
@lkenefic said:
Aren't there people that ONLY collect error coins? I mainly collect early copper from around the Industrial Revolution period. There are many low-grade 1820's to 1850's large cents that will typically fetch $25-$50 depending on details and damage. However, if it's struck more than about 10-degrees off-center, the prices get into the $100's if not $1000's. Rotated reverses tend to bring a slight premium as well. That said, rare varieties (Overdates, Corrected Fractions (for earlier Draped Bust Cents), Small date vs Large, etc.) seem to languish until that "special collector" comes to cherry pick it, but error coins don't seem to last that long...
I don't know that most of them are interested in this variety.
@Clackamas1 said:
The 1856 Flying eagle is the same, there are a thousand graded proofs 700 of those in PF 60 or greater, a POP 51 PF 65 is a $52K coin. 300 PCGS circ strikes graded and a VF is $14K.
@Rexford said:
The 1909-S VDB cent is very common. So is the 1916-D dime. The 1955 DDO is pretty common too. There are no rare Morgans.
These coins are "very common"? Thanks for sharing that with us. I learned something new today.
With tens of thousands of examples, they are not rare. Whether you want to call them common or very common is up to you. There are THOUSANDS of more scarce coins globally, some of which barely sell for the melt value of the coin. High demand doesn't make the coin "rare".
In my book, any coin that i can buy a dozen of any day of the week is "common". There are dozens of PCGS 16D dimes available on ebay alone right now.
I've been collecting US coins since the early 1960s and I have never found a 1909-S VDB cent or a 1916-D dime in my change or while coin roll hunting. If you don't want to call them "rare", at least call them "scarce" since calling them "very common" is a gross misrepresentation.
Finding one in circulation is hardly the standard. Have you gotten a 1921 Morgan from circulation?
He is talking about when he was a collector. I got a '21 for X-mas. It was in circulation from a bank.
@lkenefic said:
Aren't there people that ONLY collect error coins? I mainly collect early copper from around the Industrial Revolution period. There are many low-grade 1820's to 1850's large cents that will typically fetch $25-$50 depending on details and damage. However, if it's struck more than about 10-degrees off-center, the prices get into the $100's if not $1000's. Rotated reverses tend to bring a slight premium as well. That said, rare varieties (Overdates, Corrected Fractions (for earlier Draped Bust Cents), Small date vs Large, etc.) seem to languish until that "special collector" comes to cherry pick it, but error coins don't seem to last that long...
I don't know that most of them are interested in this variety.
I don't know for certain either, but if I was collecting the major errors in US coins and came across Buffalo Nickels... there aren't that many. 1916 DDO; 1918/7-D; and the 1937-D 3-Legger spring to mind... I think there are a few other varieties (1914/3 and a couple of other DDO's?), but that's it. Not a lot to choose from and demand from error collectors? IDK... might at least contribute to some of the disparity noted by the OP. I just don't know how many bonafide "Error Collectors" exist... CONECA shows up but it looks like there are only about 1000 members in that group... EAC had over 1600 as of a few years ago...
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
@Clackamas1 said:
The 1856 Flying eagle is the same, there are a thousand graded proofs 700 of those in PF 60 or greater, a POP 51 PF 65 is a $52K coin. 300 PCGS circ strikes graded and a VF is $14K.
@Rexford said:
The 1909-S VDB cent is very common. So is the 1916-D dime. The 1955 DDO is pretty common too. There are no rare Morgans.
These coins are "very common"? Thanks for sharing that with us. I learned something new today.
With tens of thousands of examples, they are not rare. Whether you want to call them common or very common is up to you. There are THOUSANDS of more scarce coins globally, some of which barely sell for the melt value of the coin. High demand doesn't make the coin "rare".
In my book, any coin that i can buy a dozen of any day of the week is "common". There are dozens of PCGS 16D dimes available on ebay alone right now.
I've been collecting US coins since the early 1960s and I have never found a 1909-S VDB cent or a 1916-D dime in my change or while coin roll hunting. If you don't want to call them "rare", at least call them "scarce" since calling them "very common" is a gross misrepresentation.
Finding one in circulation is hardly the standard. Have you gotten a 1921 Morgan from circulation?
He is talking about when he was a collector. I got a '21 for X-mas. It was in circulation from a bank.
Irrelevant. Virtually all rare circulation strike coins could be found in circulation at one time, including the 3-legger, 55 DDO, 16D dimes, SVDB cents, 1793 chain cents, etc. That is NOT how rarity is defined.
If you found a one-of-a- kind rarity in circulation, would that make it common?
Comments
Aren't there people that ONLY collect error coins? I mainly collect early copper from around the Industrial Revolution period. There are many low-grade 1820's to 1850's large cents that will typically fetch $25-$50 depending on details and damage. However, if it's struck more than about 10-degrees off-center, the prices get into the $100's if not $1000's. Rotated reverses tend to bring a slight premium as well. That said, rare varieties (Overdates, Corrected Fractions (for earlier Draped Bust Cents), Small date vs Large, etc.) seem to languish until that "special collector" comes to cherry pick it, but error coins don't seem to last that long...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
I don't know that most of them are interested in this variety.
He is talking about when he was a collector. I got a '21 for X-mas. It was in circulation from a bank.
I don't know for certain either, but if I was collecting the major errors in US coins and came across Buffalo Nickels... there aren't that many. 1916 DDO; 1918/7-D; and the 1937-D 3-Legger spring to mind... I think there are a few other varieties (1914/3 and a couple of other DDO's?), but that's it. Not a lot to choose from and demand from error collectors? IDK... might at least contribute to some of the disparity noted by the OP. I just don't know how many bonafide "Error Collectors" exist... CONECA shows up but it looks like there are only about 1000 members in that group... EAC had over 1600 as of a few years ago...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
Irrelevant. Virtually all rare circulation strike coins could be found in circulation at one time, including the 3-legger, 55 DDO, 16D dimes, SVDB cents, 1793 chain cents, etc. That is NOT how rarity is defined.
If you found a one-of-a- kind rarity in circulation, would that make it common?