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Are people losing interest in errors?

stevereecystevereecy Posts: 205 ✭✭✭
in U.S. Coin Forum
I was going through some old redbook price guides and comparing the cost of mid-grade error coins 10 years ago to what they are today. I then compared the price of key coins 10 years ago to what they are today. I just scanned it, but my conclusion was that the error coins have moved only a fraction of the keys. Now, I know that the keys have moved a lot in the last few years, but I'm wondering whether the error coins are overdue for a move to the upside, or are they something that people are generally losing interest in?

Your thoughts?
Really enjoying collecting coins and currency again

My currency "Box of Ten" Thread: https://forums.collectors.com/discussion/1045579/my-likely-slow-to-develop-box-of-ten#latest

Comments

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    PawPaulPawPaul Posts: 5,845 ✭
    what interest ?
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    llafoellafoe Posts: 7,220 ✭✭
    I've made many errors in my life... image
    WANTED: Cincinnati Reds TEAM Cards
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    morgandollar1878morgandollar1878 Posts: 4,006 ✭✭✭✭✭
    Comparing error coins to key dates are not a good comparison. Key dates are almost always strong sellers. Error coins are more of a specialty item, and not near as many collect them.
    Instagram: nomad_numismatics
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    PCcoinsPCcoins Posts: 3,354 ✭✭✭


    << <i>what interest ? >>



    +1... I'm looking for perfection!
    "It is what it is."
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    llafoellafoe Posts: 7,220 ✭✭


    << <i>

    << <i>what interest ? >>



    +1... I'm looking for perfection! >>



    Call me! imageimage
    WANTED: Cincinnati Reds TEAM Cards
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    DentuckDentuck Posts: 3,836 ✭✭✭✭
    Judging by sales of the book 100 Greatest U.S. Error Coins, I would say interest is high.

    Whether that's the interest of active collectors of errors, or the interest of numismatists
    with enough intellectual curiosity to want to see some cool photographs, to learn more about
    how errors occur, to read their stories, etc., is harder to say. I would imagine it's a combination of both.

    image


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    LakesammmanLakesammman Posts: 17,678 ✭✭✭✭✭
    There needs to be an error registry set ....... image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>what interest ? >>



    +1... I'm looking for perfection! >>



    Call me! imageimage >>



    Well I was gonna post here, but now I'm speechless! image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    FredWeinbergFredWeinberg Posts: 6,029 ✭✭✭✭✭
    Are you talking about the Die Varieties listed,
    or the mechanical errors?

    The error market has lost some collectors,
    like other segments of the hobby, due to
    the recession, home prices, etc. etc.

    I can easily attest, however, that good errors,
    new deals, new groups, etc. get sold immediately;
    just like other types of coins.

    The biggest 'problem' in the error segment is the
    lack of cool errors in the past few years - they
    are few and far between.

    I've had collectors ask me if the error hobby will
    stagnate due to the lack of errors coming out of
    the US Mints in the recent past.....

    My answer is simple : Yes, it will stagnate just
    like interest dropped to Zero as soon as the
    Mint stopped making Half Cents, $20 St. Gaudens,
    Buffalo Nickels, etc.....ie; just because a particular
    coin type isn't coming out of the Mint any longer,
    is absolutely no reason for collector interest to
    lag.

    There are considerably more mint error coin collectors
    active today than there were 10-20-30 years ago;
    just like there's more VAM collectors, Indian Cent
    Die Variety collectors, and so on -

    I wish I had more Double Struck Presidential Dollars,
    or more Off Metal errors, more Off Center 2009 Cents,
    etc. etc....

    The error hobby is healthy - it's the supply of new error
    coins that's thinning out.

    Just my take.......
    Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
  • Options
    stevereecystevereecy Posts: 205 ✭✭✭


    << <i>Are you talking about the Die Varieties listed,
    or the mechanical errors?

    >>



    Definitely talking about die varieties...like the 42/41 dime, the '55 cent, etc. I know that one-off errors like clips or delamination are cool, but they suffer from the fact that there is only one...rather than a bunch for collectors to compete over.

    Yes...the die variety error coins are expensive...but like I say, in the lower grades, they aren't moving as fast. So if 10 years ago you could have bought 3 key coins or 3 error coins for the same $1,000 bill, you'd have been better off buying the keys.

    So you think interest in them is going away?

    Oh...and to Lakesam...yes...an error registry would rule! Maybe I should be scooping them up before one of them is created.

    Steve
    Really enjoying collecting coins and currency again

    My currency "Box of Ten" Thread: https://forums.collectors.com/discussion/1045579/my-likely-slow-to-develop-box-of-ten#latest
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    Coins911Coins911 Posts: 538
    Fred you should enable your PM feature.
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Fred you should enable your PM feature. >>



    He'd never get any work done if he did.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    Tdec1000Tdec1000 Posts: 3,852 ✭✭✭


    << <i>I've made many errors in my life... image >>



    Insert ex-wife joke here... (.................) image
    Awarded the coveted "You Suck" Award on 22 Oct 2010 for finding a 1942/1 D Dime in silver, and on 7 Feb 2011 Cherrypicking a 1914 MPL Cent on Ebay!

    Successful BST Transactions!SIconbuster, Meltdown, Mission16, slothman2000, RGjohn, braddick, au58lover, allcoinsrule, commemdude, gerard, lablade, PCcoins, greencopper, kaz, tydye, cucamongacoin, mkman123, SeaEaglecoins, Doh!, AnkurJ, Airplanenut, ArizonaJack, JJM,Tee135,LordMarcovan, Swampboy, piecesofme, Ahrensdad,
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    LakesammmanLakesammman Posts: 17,678 ✭✭✭✭✭
    THIS THREAD IS WORTHLESS W/O PICTURES.........

    So there. image

    image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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    stevereecystevereecy Posts: 205 ✭✭✭
    Oh my God...thats one of the coolest coins I've ever seen. Can you give a hint as to how much a coin like that would cost? Looks like a die clash to the 10th power...I guess a nickel got stuck in the reverse die?
    Really enjoying collecting coins and currency again

    My currency "Box of Ten" Thread: https://forums.collectors.com/discussion/1045579/my-likely-slow-to-develop-box-of-ten#latest
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    ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    No one is losing interest in Major mechanical errors. The only thing I can say is that they are in short supply. I believe that very strong hands are holding onto the vast majority of very cool major errors. There aren't as many coming to market and the really nice ones that do get very strong money.

    I seem to be buying less and less major errors for my personal collection, not because of a lack in interest, but rather a lack very cool affordable major errors.

    image
  • Options
    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Oh my God...thats one of the coolest coins I've ever seen. Can you give a hint as to how much a coin like that would cost? Looks like a die clash to the 10th power...I guess a nickel got stuck in the reverse die? >>



    It cost a LOT! image

    It's a full brockage which was struck by a capped die.

    A previously struck buff adhered itself to the die and the error below is the result of another planchet that was feed into the collar while the die was capped.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭


    << <i>

    << <i>Oh my God...thats one of the coolest coins I've ever seen. Can you give a hint as to how much a coin like that would cost? Looks like a die clash to the 10th power...I guess a nickel got stuck in the reverse die? >>



    It cost a LOT! image

    >>




    LOL
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    johnny9434johnny9434 Posts: 33,023 ✭✭✭✭✭
    i always thought they were fun to collect. i just wish that there was more interest in it or stronger.
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>i always thought they were fun to collect. i just wish that there was more interest in it or stronger. >>



    Depends on what level your collecting as it seems I'm always getting outbid in the last 2-3 years even with very strong bids placed.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>It cost a LOT! image

    >>




    LOL >>



    It was easier to go that route then to figure out exactly how many VW Kombi's it would take! imageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • UnknownUnknown
    This content has been removed.
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    ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    imageimage
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    LakesammmanLakesammman Posts: 17,678 ✭✭✭✭✭
    Not sure what it's worth - anyone have the error book handy to look up what they suggest???
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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    LakesammmanLakesammman Posts: 17,678 ✭✭✭✭✭
    How about a Mormon piece struck from misaligned dies?? Can't be too many of those lying around. image

    image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • Options
    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Not sure what it's worth - anyone have the error book handy to look up what they suggest??? >>



    Brockage Prices

    These prices aren't gospel as some issues are worth far more and others far less... Yet it's the only online pricing available.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    stevereecystevereecy Posts: 205 ✭✭✭
    Ok...$75 for a full brockage Jefferson Nickel? I want one. Who has one? Where do I get one today?

    Thanks,

    Steve
    Really enjoying collecting coins and currency again

    My currency "Box of Ten" Thread: https://forums.collectors.com/discussion/1045579/my-likely-slow-to-develop-box-of-ten#latest
  • Options
    LakesammmanLakesammman Posts: 17,678 ✭✭✭✭✭
    If those are wholesale prices, someone made a killing on me. image

    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • Options
    NotSureNotSure Posts: 3,053 ✭✭✭


    << <i>How about a Mormon piece struck from misaligned dies?? Can't be too many of those lying around. image

    image >>



    In a Doily to boot! Shouldn't have posted that one (I love it), as 'The Doily Slut' may be inclined to make you an 'offa youse can't refuse'!!!

    I wonder how many errors are in Doilies??? Just one more to assign, huh,, oreville?
    I'll come up with something.
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    ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭


    << <i>Ok...$75 for a full brockage Jefferson Nickel? I want one. Who has one? Where do I get one today?

    Thanks,

    Steve >>



    I'll take ten




    Error price guide are so out of whack. The only way to know the market is to follow the market.

  • UnknownUnknown
    This content has been removed.
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    Coin FinderCoin Finder Posts: 7,757 ✭✭✭✭✭
    The market is what someone is willing to pay. I always start by offing errors to the big dealers first, this gives me a baseline then a retail price follows. If it is a rare dramatic error, the I think auctions are the best venue...
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>If those are wholesale prices, someone made a killing on me. image >>



    IMHO your error is worth far more then 6 times the listed price.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    TPRCTPRC Posts: 3,817 ✭✭✭✭✭


    << <i>THIS THREAD IS WORTHLESS W/O PICTURES.........

    So there. image

    image >>



    I've totally lost interest in that boring error. NOT!

    Tom

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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Not sure what it's worth - anyone have the error book handy to look up what they suggest??? >>



    Brockage Prices

    These prices aren't gospel as some issues are worth far more and others far less... Yet it's the only online pricing available. >>



    They don't have this one:image


    but maybe that is because its mate is locked away in a museum and this is th eonly one the public domaineimage >>



    Most 19TH century errors aren't posted price wise as only a few fruity collectors even bother with collecting such mint damaged junk! image

    image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    LakesammmanLakesammman Posts: 17,678 ✭✭✭✭✭
    WOW - that brockage broad is REALLY broadstruck! image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • Options
    LALASD4LALASD4 Posts: 3,602 ✭✭✭
    Are you talking about error coins or errors on other stuff?image

    image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
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    LALASD4LALASD4 Posts: 3,602 ✭✭✭
    This ones are interesting too.

    image
    image

    image

    image
    image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Are you talking about error coins or errors on other stuff?image

    image >>



    I recall seeing one of these tuning forks at Mr.Eureka's table at a show and had to bite my cheek not to laugh...

    As although dated 2000 something he was asked by a show-goer which Dynasty it was from imageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    BillJonesBillJones Posts: 35,849 ✭✭✭✭✭
    I was at my local brick and mortar shop today and the subject of error coins came up in our conversation. He has a nice (but not Mint State) 30% off-center Georgia State Quarter marked $125, and it has not sold. Years ago, when I was a dealer, I’d get certified minor error State Quarters, like a piece struck out of the collar, and get prices not too far in back of that from a guy who was selling them on the Internet. Now my dealer friend has a nice error like this one and can’t sell it.

    I think a big part of the problem is that the mint has clamped down on issuing new error coins. The older coins with major errors still have value, but the market seems to be quiet for the newer material.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Some errors won't even fit in PCGS holders:

    image

    image

    image
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    LALASD4LALASD4 Posts: 3,602 ✭✭✭
    I think like everything else in the economy, common items are down in prices but high end materials are higher than ever.
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
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    LALASD4LALASD4 Posts: 3,602 ✭✭✭
    Yes some don't fit, but it is a little damaged.

    image
    image
    image
    image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
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    mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    I've listed a few really interesting errors, for example: 1943-S Walking Liberty Half struck on El Salvador 25 Centavo planchet in MS-63 ( in the archives now ) and they sold within days.


    Days. And had multiple calls for some of them.


    It's like anything else though, sometimes you'll stock something figuring this one will sell in hours and it winds up being stuck in inventory for a year and others you expect will be around a while and they're gone in days. Go figure image













    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • Options
    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>I've listed a few really interesting errors, for example: 1943-S Walking Liberty Half struck on El Salvador 25 Centavo planchet in MS-63 ( in the archives now ) and they sold within days.


    Days. And had multiple calls for some of them.


    It's like anything else though, sometimes you'll stock something figuring this one will sell in hours and it winds up being stuck in inventory for a year and others you expect will be around a while and they're gone in days. Go figure image >>



    That was a neat and well known WLH error! image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    stevereecystevereecy Posts: 205 ✭✭✭


    << <i>Some errors won't even fit in PCGS holders:

    image

    >>



    Thats nice, but its a dang shame that its circulated. image

    Hey, are ya'll gonna post up the die variety types of errors? I'm now a fan of brockages, but I'd trying to guage crowd response on the variety errors.

    Steve
    Really enjoying collecting coins and currency again

    My currency "Box of Ten" Thread: https://forums.collectors.com/discussion/1045579/my-likely-slow-to-develop-box-of-ten#latest
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    ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    "but I'd trying to guage crowd response on the variety errors."

    Yawn
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>"but I'd trying to guage crowd response on the variety errors."

    Yawn >>



    image

    Those are things non mint error dealers sell, as it's a major rarity to find a variety in a mint error dealers inventory.

    Just as an example...

    On the Merc's Dean Howe estimated there are 112,000 1942/1-D's and 95,000 1942/1-P overdate varieties.

    Now see how many 1942-D off center Merc's you can locate?
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    CaptHenwayCaptHenway Posts: 33,994 ✭✭✭✭✭


    << <i>

    << <i>Are you talking about the Die Varieties listed,
    or the mechanical errors?

    >>



    Definitely talking about die varieties...like the 42/41 dime, the '55 cent, etc. I know that one-off errors like clips or delamination are cool, but they suffer from the fact that there is only one...rather than a bunch for collectors to compete over.

    Yes...the die variety error coins are expensive...but like I say, in the lower grades, they aren't moving as fast. So if 10 years ago you could have bought 3 key coins or 3 error coins for the same $1,000 bill, you'd have been better off buying the keys.

    So you think interest in them is going away?

    Oh...and to Lakesam...yes...an error registry would rule! Maybe I should be scooping them up before one of them is created.

    Steve >>



    Might I suggest that you amend the thread title to reflect this? To me errors and varieties are two different fields.

    TD
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    frnklnlvrfrnklnlvr Posts: 2,750 ✭


    << <i>Some errors won't even fit in PCGS holders:

    image

    image

    image >>



    I've always thought die caps were really cool!

    Are there any known Franklin die caps?
    FRANKLINLOVER.COM
    Franklin-Lover's Forum

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