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CHECK OUT THIS GUYS PP IT HAS THREE CRACKS.

KINCOINKINCOIN Posts: 320 ✭
in U.S. Coin Forum
Check out this guys Proof Penny. It has three cracks in it. What is a coin like this worth?

GO TO:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=1385849447

KINGCOIN KING OF COINSimage
«1

Comments

  • krankykranky Posts: 8,709 ✭✭✭
    Linked.

    The cracks are very small and inconspicuous - in other words, not very dramatic - and I think the seller will be lucky to get his $55 BIN price.

    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.

  • TheNumishTheNumish Posts: 1,628 ✭✭
    link

  • RotatedRainbowsRotatedRainbows Posts: 2,085 ✭✭
    I think he will be lucky to get his opening bid price, if the cracks are so small that they can barely be seen with the naked eye (which these appear to be) then they will add little to no value.
  • nwcsnwcs Posts: 13,386 ✭✭✭
    They won't be worth much. The cracks aren't interesting and are small.
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  • BlackhawkBlackhawk Posts: 3,898 ✭✭✭
    Are there premiums for things like this on proof coins? I have a 1957 proof set that has a dime with a strike through of string or lint in the hair area. It looks like some squiggles. Is there a premium for a strike through on a proof dime, and if so what?

    Bill
    "Have a nice day!"
  • nwcsnwcs Posts: 13,386 ✭✭✭
    Not from what I understand
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  • KINCOINKINCOIN Posts: 320 ✭
    Would the number of cracks on a coin change the the amount the coin is worth?image

    KINGCOIN KING OF COINS
  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭
    Yep- I'd say a cool $500,000... why not you buy it?

    Jeremy

    PS- Turn off the stupid idiot CAPS LOCK!!!!!
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • littlewicherlittlewicher Posts: 1,822 ✭✭
    I think it's a million dollar coin!imageimage


    For some life lasts a short while, but the memories it holds last forever.
    -Laura Swenson

    In memory of BL, SM, and KG. 16 and forever young, rest in peace.
  • toothpullertoothpuller Posts: 600 ✭
    Definitely Kincoin, more cracks mean more value. Put two more cracks on your minuteman and he will be worth three million. Each crack adds one million in value to that coin.
  • BNEBNE Posts: 772 ✭
    You know what I think we need?


    Another thread about die cracks.image

    "The essence of sleight of hand is distraction and misdirection. If smoeone can be convinced that he has, through his own perspicacity, divined your hidden purposes, he will not look further."

    William S. Burroughs, Cities of the Red Night
  • KINCOINKINCOIN Posts: 320 ✭
    BNE
    Senior Member
    Ask and you shall receive.image

    KINGCOIN KING OF COINS
  • BigEBigE Posts: 6,949 ✭✭✭
    Kincoin, I must be missing something here, my pee pee only has one crackimage-----------------------------BigE
    I'm glad I am a Tree
  • KINCOINKINCOIN Posts: 320 ✭
    BigE
    Collector
    Heeeeeeeey what gives with that answer?

    KINGCOIN KING OF COINS
  • prooflikeprooflike Posts: 3,879 ✭✭
    Why do you think die cracks deserve some significant premium??? It's not even a mint error, but rather a result of a mint process(using a die beyond useful life).
    image
  • KINCOINKINCOIN Posts: 320 ✭
    prooflike
    Veteran
    I the case of proof coins there shoud be a hefty premium nowadays. QC checks these coins before being delivered. I am sure it is part of the packagers job to look for error coins since the customer doesn't want a flawed coin. There should not be any errors on these coins what so ever.

    KINGCOIN KING OF COINSimage
  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭
    If there was a hefty premium, then why aren't you on some exotic vacation after bringing in so much with the Pissing minute man?

    Oh, wait! Sorry! I forgot that no one wants it, especially at such a rediculous price! Silly me, how could I be so forgetful and dumb? You'd get more of a premium for a genuine PR69DCAM... jeeeez! How hard is it to understand???

    Jeremy
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • KINCOINKINCOIN Posts: 320 ✭
    airplanenut
    Collector

    Now that you have brought up the subject. It is now at $250.00 & one did sell for more.

    GO TO:

    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=1385212731
    image

    KINGCOIN KING OF COINS
  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭
    That's a pretty dramatic price drop... about 750 times less! Trying to recover eBay fees and break even now? I thought such a rarity was worth an amazing premium...
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • BearBear Posts: 18,953 ✭✭✭
    Whether its die cracks or some other rarity in a coin, If no one wants
    the damn thing, then it has minimal value. That is a fact of life and the
    free market system. It is immutable and unchanging over the centuries. Bear
    There once was a place called
    Camelotimage
  • ClarkOfKentClarkOfKent Posts: 1,285
    Yeah... it's now at $250... with NO bids. Can you post a link to the one that "just sold for $275 on eBay."?

    Clark
    NMFB ™

    image
  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭
    I quote from another OVERPRICED and BIDLESS auction:


    << <i>IT REMINDS ME OF REAL ESTATE. LOCATION, LOCATION, LOCATION SHOULD BE HOW PROOF DIE CRACK VALUES ARE DETERMINED >>


    I guess no one likes the location, location, or location... since the value is obviously NOT at your price...

    Jeremy

    PS- notice my use of CAPITAL letters... they emphasize a point... maybe you could try that one day.. if you aren't too lazy, of course, to burn a few precious molecules of Adenosine TriPhosphate as you hit the CAPS LOCK key...
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • leothelyonleothelyon Posts: 8,459 ✭✭✭✭✭
    Hi Pat
    I have heard that some collectors collect coins with diecracks that follow a pattern from the beginning of a small crack to multiple cracks until the die has been replaced. I think such a collection would be interesting to see but very difficult to assemble.

    For proofs, it would be more interesting.
    I have one on a cameo nickel where that diecrack is also frosted and cameo.
    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • KINCOINKINCOIN Posts: 320 ✭
    airplanenut
    Collector

    Here is the problem. I have eight of the ten coins. If I own ten of them there is no value to anyone except me. I figure if I let a few out in the market It should drive the price up.
    E bay fees. I will recover them next fiscal year when Uncle Sam reimburses my business expenses. Keep thinking though you may one day figure it all out.

    image

    KINGCOIN KING OF COINS
  • prooflikeprooflike Posts: 3,879 ✭✭
    & I quote Kincoin

    "...the customer doesn't want a flawed coin..."

    Pretty well sums it up.
    image
  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭
    Let's think about it... no one is bidding... demand is low... no one will buy the coins for resale... that means that if anyone buys it, the coin will go right into a collection and stay there... don't see where the demand is drastically increasing...
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • KINCOINKINCOIN Posts: 320 ✭
    prooflike
    Veteran
    Some do and some don't. For example: a proof 1968 no S is just a clogged die but it is worth $8,500.00 in PF65. Go figure.

    KINGCOINS KING OF COINSimage
  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭
    and a quarter with a die crack has no bids... go figure!
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • KINCOINKINCOIN Posts: 320 ✭
    airplanenut
    Collector

    No bids yet. But it will soon. BTW I like the AMERICAN flag better. Notice the emphasis on AMERICAN.


    KINGCOIN KING OF COINSimage
  • MrLeeMrLee Posts: 1,847 ✭✭✭


    << <i>If I own ten of them there is no value to anyone except me. I figure if I let a few out in the market It should drive the price up. >>

    I told you two weeks ago to put one or two on eBay and see what the market will bear. Have you done that yet? Remember too that the market will determine the price. Just because something is rare does not mean it is valuable.

    On a side note, what other coins do you collect?
  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭


    << <i>airplanenut Collector No bids yet. But it will soon. BTW I like the AMERICAN flag better. Notice the emphasis on AMERICAN. KINGCOIN KING OF COINSimage >>


    That's nice, I'm glad you feel that way. I see how you don't seem to take in what we have to say, so why should I give a CRAP about your opinion? I happen to like the Israeli flag and will continue to fly it, thank you very much. And notice the emphasis on CRAP. Obviously, I won't even give you that much...

    And another thing, the king of coins is the 1804 silver dollar- and I bet if it had a brain, it could spell kinGcoin (notice the emphasis on the G). Are you just a little piece of silver behind a computer?
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • KINCOINKINCOIN Posts: 320 ✭
    MrLee
    Collector

    Gold proofsimage
  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭
    With problems? You know- the kind that diminishes the value- like in your "oswald" half.
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • MrLeeMrLee Posts: 1,847 ✭✭✭


    << <i>Gold proofs image >>

    Type? Years? Denomination?
  • ClarkOfKentClarkOfKent Posts: 1,285
    kingcon,

    Still waiting......



    << <i>Can you post a link to the one that "just sold for $275 on eBay."? >>



    Clark
    NMFB ™

    image
  • KINCOINKINCOIN Posts: 320 ✭
    ClarkOfKent
    Senior Member

    Martin Kuklinski is the owner of the coin .
    He won it on an e bay auction you can talk to him about it.


    martykuklinski@hotmail.com
  • leothelyonleothelyon Posts: 8,459 ✭✭✭✭✭
    I have one on a cameo nickel where that diecrack is also frosted and cameo. Leo

    I looked for that coin right after I posted my last message last night and couldn't locate it right away.
    If anyone is interested in it at $250.00 I'll dig a little deeper to find it and send you a photo.

    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • SpoolySpooly Posts: 2,108 ✭✭✭
    Kincoin, the ACG holder is hurting the auction more than it is helping. I would send it to PCGS or NGC or even ANACS. You will get a better price for it.
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • KINCOINKINCOIN Posts: 320 ✭
    Spooly
    Happy
    Perhaps, you are correct but I just sent it in to show that it was real. People actually thought that I had scratched the coins.

    image

    KINGCOIN KING OF COINS
  • RotatedRainbowsRotatedRainbows Posts: 2,085 ✭✭
    Perhaps, you are correct but I just sent it in to show that it was real. People actually thought that I had scratched the coins.

    LOL LOL LOL!!!!!!!!!!!!! If you think people are going to believe it is real because it is slabbed by AGC you know even LESS about coins then it appears. The coin is MORE likely to be fake because it is in a ACG slab then if it was raw.
  • prooflikeprooflike Posts: 3,879 ✭✭
    ACG also slabs damaged coins without notation, ACG is a BAD choice for authentication, let alone verification or even grading.
    image
  • KINCOINKINCOIN Posts: 320 ✭
    RotatedRainbows
    Member

    There is no way they could make that big of a mistake on this coin. You think?

    image

    KINGCOIN KING OF COINS
  • RotatedRainbowsRotatedRainbows Posts: 2,085 ✭✭
    There is no way they could make that big of a mistake on this coin. You think?

    Considering they have slabbed counterfeit coins as real, YES I have no doubt (and I am sure most board members would agree) that they would slabbed a damaged or altered coin without noting it on the slab.
  • Dog97Dog97 Posts: 7,874 ✭✭✭
    Cracks are certianly interesting and unusual to me, especially on Proofs which are carefully inspected. However as an error collector myself I wouldn't pay much prem for them but I would pay some extra. Cracks on Proofs could be sleepers and they are certianly undervalued in my opinion but then again I have a weird attraction for weird & unusual coins.
    As far as the value on the eBay listing you posted myself wouldn'y pay but $5-$10 more than a normal set's value because a minor rev crack from the building to the rim isn't exciting even though it's cracked in 3 places.
    Change that we can believe in is that change which is 90% silver.
  • a2labmoma2labmom Posts: 1,623
    Just took another look at the pi$$ing Minute Man coin. Yes, it is interesting and unusual that there is a die crack on a Proof coin, but I don't think it is worth that much. image

    And as a side note, that would have to be one talented Minute Man to be pi$$ing at that angle. image
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  • goose3goose3 Posts: 11,471 ✭✭✭
    Everytime I read this annoying ALL CAPS thread that somehow miraculously finds it way TTT, I think of one thing....

    "Then this guy needs some ointment"image
  • KINCOINKINCOIN Posts: 320 ✭
    a2labmom
    Princess of the

    He could have been a drunkard of his era and did not have a good aim that day.image

    KINGCOIN KING OF COINS
  • krankykranky Posts: 8,709 ✭✭✭


    << <i>Some do and some don't. For example: a proof 1968 no S is just a clogged die but it is worth $8,500.00 in PF65. Go figure. >>



    That wasn't a clogged die. The mintmark was never punched into the die.

    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.

  • KINCOINKINCOIN Posts: 320 ✭
    kranky
    Collector

    How sure of this are you?

    KINGCOIN KING OF COINSimage
  • Conder101Conder101 Posts: 10,536 ✭
    If the mintmark on the 68 no S was merely clogged with debris the field in that area would not show the same proof finish as the rest of the field.

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