Advice on Errors...ERROR Experts Please Help!
skippy315
Posts: 44
Hello all,
I received some great advice a few weeks ago from some gentlemen on this forum regarding some error coins I've come across recently. However, when I looked at some of the sites they suggested, I could not find anything that helped pinpoint the "value" of these errors.
Please have a look at the pics below and give me dollar amount ranges for what you think each coin should be valued. I am looking specifically for those of you who have experience with error coins. I have these listed on ebay, but want to make sure that I don't short change myself. Any help is appreciated!
Thank you,
Kevin
I received some great advice a few weeks ago from some gentlemen on this forum regarding some error coins I've come across recently. However, when I looked at some of the sites they suggested, I could not find anything that helped pinpoint the "value" of these errors.
Please have a look at the pics below and give me dollar amount ranges for what you think each coin should be valued. I am looking specifically for those of you who have experience with error coins. I have these listed on ebay, but want to make sure that I don't short change myself. Any help is appreciated!
Thank you,
Kevin
0
Comments
I looked at your auctions. You are not "short-changing" yourself. In fact, at the asking prices you have, good luck on getting any bidders.
You inquired about a "price guide". In the error coin market, there is no such thing. Each and every error coin is unique in its own fashion. Probably the closest thing to a price guide will be eBay. Do a search of recently closed auction and keep an eye on them for some months. That will give you an idea of what your coins are worth.
You can also check out and download the most recent release of Mint Error News at www.minterrornews.com. Aside from having fantastic articles about error coins and the error coin market, they also include a substantial price guide.
Good luck with your eBay sales.
Richard.
I just listed these this afternoon and have several watchers on the 1959 1C already, so at least that coin has some interest... I'll adjust the one 5C down some.
The starting price for the uniface off-center 5c and the 1c 1977 off-center are fine.
The starting price for the 1c 1959 o/c is high. It could certainly reach that amount in bidding, but it is also quite possible that it wouldn't.
On the 1983 nickel. I'm the one quoted IIRC. The coin is more likely a broadstrike, and thus would be about a $5-$10 item. From the image, I cannot rule out it being a multiply struck coin. In which case, the bidding could reach the starting value, but it also might not. More importantly, the two error types can be differentiated. The edges of the two types of coin will look different. If I were a potential bidder, the information given would certainly not give me enough reason to bid on it as a multiply struck coin; I'd only bid on it as a broadstrike, especially since that is most likely what it is.
So, tell us what the edge looks like, or show an image. I certainly don't want someone bidding on it as multiply struck based on my quote; any good bidder should have better information that just what it may potentially be from incomplete information.
Ed. S.
(EJS)
I am not sure what to look for on the edge to describe to you and my camera won't take a closer pic without distorting (I've tried), so maybe I'll just remove the reference to it being a multi-strike. I do offer a three day no questions asked return policy, so if a person did buy it and it wasn't what they thought, I would refund their money. I just want to be accurate, fair, and make a few dollars (if possible)...
Thanks for the input,
Kevin