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PROOF DIE CRACK LOCATION LOCATION LOCATION
KINCOIN
Posts: 320 ✭
PROOF COINS ONLY
SHOULD THE VALUE OF A DIE CRACK ON PROOF COINS BE DETERMINED BY HOW FEW OF COINS HAVE THE CRACK? SHOULD THE LOCATION OF THE CRACK DETERMINE THE VALUE? SHOULD A COMBINATION OF THE TWO BE FIGURED IN? THE MORE BIZZARE THE GREATER PREMIUM?
KINGCOIN KING OF COINS
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The people who like proof coins because of their beauty and perfection don't want them.
The people who like die crack errors can find examples at pretty low prices, even if not in proof. They won't feel the need to pay a lot for a proof example. And I don't know any error collectors who care all that much about where on the coin the error is, with the exception of the date.
I have a 1986 proof set that has a cent with a repunched mint mark. It's not even listed in the new Cherrypickers' Guide. It may be rare, in fact it may be the only one known, but I know it's not worth very much for the reasons in the preceding paragraph.
I only say that to preface my conclusion that the value is going to be set by the buyers rather than by the quantity available. I don't know if it's possible to research prior auction results to see what proof die crack error coins have sold for, but that would be what I would use to try to determine a value.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Russ, NCNE
If I buy a proof coin, it is because I want the most perfect representation of the coin design that can be made. A die crack on a proof detracts from that perfection so I would not add value to it because of a die crack. In fact, I would take value away. Just my take on proof die cracks...
I have a different opinion, in some cases, for die cracks on business strike coins. On business strike coins, they can be interesting to me. Like This One . It does not overwhelm the coin and it is also interesting because it is not just a straight line. Straight line die cracks are much more boring to me.
CoinPeople.com || CoinWiki.com || NumisLinks.com
years and commanded premiums. But keep in mind there are large
numbers of unique, unusual, and rare coins and these frequently
are error coins. Very few of these ever become popular enough to
sell for much money.
But what do I know
member
if you believe your die crack error to be of such an enormous value why don't you simply start the bidding at face value and let the tremendous momentum of the overwhelming scarcity of the issue along with the crucial location of the die crack determine the amount of money you get for this "oh so bizarre" (this is the correct spelling of the word, by the way) coin.
or...
why don't you consign the wondercoin to Heritage and let their expert team of marketers place the coin in the appropriate auction and trust that the exposure to knowledgeable bidders will finally prove to us what you've been saying all along, that this is THE MOST IMPORTANT ERROR COIN EVER PRODUCED.
i'm sorry everybody, sometimes I just lose it a little. this thread was going along so nicely, everyone trying to be helpful and provide some numismatic education....
hey King, have you ever been to a real coin show, something like the long beach expo? you ever seen a true $100,000+ coin?
a coin that you could, with no aprehension whatsoever, list at face value and have ABSOLUTELY NO DOUBT THAT THE COIN WOULD INSPIRE BIDDING THAT WOULD NOT DISAPPOINT THE SELLER???!!
after spending the entire day yesterday looking at some of the most desirable coinage for sale at the present time, and sitting through two auction sessions at which coins were regularly selling for multiple thousands of dollars i can without any reservations tell you that a "pissing die crack" is not anywhere near that kind of coin.
but hey, you knew that already, didn't you
you're KINCOIN
okay, once again, sorry everybody, but the troll finally got to me.
Pat, look, you're going to sway NO ONE on this board that you have a valuable coin. it will be ridiculed until the last days of earth.
you have posted well over one hundred times in several days, you've gotta be getting tired. take a nap, have some lunch....
oh yeah, good luck with the auction.
thanks, that's what i was trying to say
Senior Member
OK ZANY
KINGCOIN KING OF COINS
<< <i>
Senior Member
Iwas not talking about my coin. I was talking about these type of coins in general.
Kingcoin king of coins
Thread Resuscitator
I AM LIKE THE GOOD OLE U.S.A EVERYBODY WANTING TO NUKE ME. WELL I JUST HAVE TO DIVERT AN ASTEROID TO YOUR KINGDOM ALSO AS I DID TO LORD MARCOVIANS.
KINGCOIN KING OF COINS
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Senior Member
YOU ARE A THOUSAND LIGHT YEARS AWAY FROM KINGCOINS KINGDOM. I WILL GOBBLE YOU UP IN A BIG BLACK HOLE AND THEN DETONATE A RED GIANT STAR NEXT TO YOU. THERE IS NO POSSIBLE ESCAPE FROM THIS NO MATTER WHAT ALIEN LIFE FORM YOU HAPPEN TO BE.
KINGCOINS KING OF COINS
Master Collector
YEP I DIVERTED THAT ONTO
clw54
Thread Resuscitator
Master Collector
BUT LORDMARCOVAN THE KYRPTONITE RAY CAN'T HURT KINGCOIN IT MAY HURT SUPERMAN BUT NOT KINGCOIN. I BUILT A FORCE FIELD AROUND MY KINGDOM AND NOTHING CAN GET IN. IT REPELS ALL INCOMING MATTER BACK TO IT'S ORIGINAL LOCATION.
KINGCOIN KING OF COINS
Just how old are you? I didn't see a responce from you in the "How old are you thread".
Veteran
>18 & <72 AGE IS IRRELEVENT WHEN COLLECTING COINS. AGREE??? PLUS, I AM AFRAID TO TELL YOU. SOMEONE MAY TRY TO NUKE ME AGAIN. Can you add anything to the thread?
KINGCOIN KING OF COINS
SHOULD THE VALUE OF A DIE CRACK ON PROOF COINS BE DETERMINED BY HOW FEW OF COINS HAVE THE CRACK?
First of all the pop is irrelevant because cracks are minor errors with little prem and few collectors collect errors and fewer yet collect Proof errors since Proof errors are so seldom seen there is not much interest in them. Truly rare, desirable and valuable Proof errors include double strikes, offcenters, brockages and others which are classified as major striking errors. Striking errors are the ones caused by the striking process and are the ones error collector are most interested in. Die cracks are die varieties which are collected by a different type of collector and rarely stand on their own merits but are rather diagnostics of die states of the collectable varieties such as doubling, over mint marks & dates and repunched mintmarks etc.
SHOULD THE LOCATION OF THE CRACK DETERMINE THE VALUE?
It does indeed, cracks are common around the periph design elements such as stars and numerals & letters and create little prem but cracks in the prime focal areas are rarer due to Mint quality control and this being the stronger area if the die steel.
SHOULD A COMBINATION OF THE TWO BE FIGURED IN?
Location is the most relevant.
THE MORE BIZZARE THE GREATER PREMIUM?
Of course. And the more bizarre name the dealers give it the more valuable it becomes such as the Cracked Skull Lincoln and a good case in point, the 1882-O/S Morgan Dollar which collectors pay crazy money for and PCGS says must be included for your Registry Set to be complete but this is merely a die crack, not an over mintmark.
Sorry I didn't have any bombs to send your way but I'm all bombed out.
Master Collector
MAD DOG VERY NICE RESPONCE. YOU EXPLAIN THINGS WELL. IT IS VALUABLE INFORMATION.
About the proof errors. It doesn't make sense that if there are so few of them the Interest in them does not increase does it? One would logically think the fewer the more valuable correct?
KINGCOIN KING OF COINS
Maybe your "11th coin" is in there, KINCOIN member.
Talk nicely to Frank and I bet he'll sell it to you.
For only $765,000.00.
Master Collector
I SEE YOU DIGGING FOR YOUR DINNER IN THAT ONE. WOULD YOU LIKE SOME PEPPER WITH THAT
KINGCOIN KING OF COINS
Master Collector
KINGCOIN HAS RID HIS KINGDOM OF ALL PESTS. INCLUDING LC
<< <i>KINGCOIN HAS RID HIS KINGDOM OF ALL PESTS >>
Not quite...
Master Collector
THANKS FOR YOUR THOUGHTS. THEY ARE HELPFULL. I AM NEW AT THIS SO I CAN ONLY HOPE YOU OTHER GUYS LET UP ON ME SOME.
KINGCOIN KING OF COINS
my hotels
Member
They did more then flame me they nuked me.
The people who like die crack errors can find examples at pretty low prices, even if not in proof. They won't feel the need to pay a lot for a proof example. And I don't know any error collectors who care all that much about where on the coin the error is, with the exception of the date.
Not, the odds of a Proof coin and a Business Strike MS coin having the same die cracks are astronomical.
& Notta, If the Wounded Eagle and Speared Buffalo errors were located in other locations on the two coins,
nobody would have cared, certainly not to the extent that drove the prices skyward on them.
The location of the error(s) = the catchy names = interest in the coins = $$$
Interesting read, this thread.
<< <i>I'll add some professional numismaticaly inclined 2¢:
SHOULD THE VALUE OF A DIE CRACK ON PROOF COINS BE DETERMINED BY HOW FEW OF COINS HAVE THE CRACK?
First of all the pop is irrelevant because cracks are minor errors with little prem and few collectors collect errors and fewer yet collect Proof errors since Proof errors are so seldom seen there is not much interest in them. Truly rare, desirable and valuable Proof errors include double strikes, offcenters, brockages and others which are classified as major striking errors. Striking errors are the ones caused by the striking process and are the ones error collector are most interested in. Die cracks are die varieties which are collected by a different type of collector and rarely stand on their own merits but are rather diagnostics of die states of the collectable varieties such as doubling, over mint marks & dates and repunched mintmarks etc.
& 2 makes 4, cents that is....
Minting coins is a process, if the process breaks down by the coin sicking and getting a double whammy or struck off center, or the die cracks all the same, the process didn't work as designed and the Mint didn't catch it before it got out the door. The only reason the prior is considered a "major" is that it should have been
caught, standing out as it does. Same logic applies to proof coin errors. The proofs are looked over more
carefully than any business strike coins before packaging, therefore, the error should have been caught no matter how slight or ow drastic. And, once graded by 4 more pairs of eyes and the error still not caught, even rarer - IMO
<< <i>Interesting first post to dig up a 6 year old thread to respond to......
Let's just say I'm leading up to "something"
thanks for the welcome!
<< <i>This better not be spam. The forum can be unmerciful. >>
Not spam, just trying to bring some life back into the topic, error coins seem to be all the rage these days.
IMO, Proof errors demand more attention overall and I found this thread interesting due to the subject.
If I'm wrong my apologies.
You wouldn't believe how long it took to get him to sit still for this.