Question: Best error price GUIDE

Coin Finder

Thanks in advance!

BStrauss3

I don't think there is or could be one. Too thin a market and most pieces are unique. Even the time honored practicies of dealer surveys and tracking sold prices on eBay - a lot of work for little result.

3keepSECRETif2rDEAD

Post the error on here and wait for Fred W. to chime in...then politely ask him what he thinks it's worth

Rampage

There's kind of one on Mike Byers' site, but I do not know how up to date it is.

Here is a direct link: http://minterrornews.com/priceguide.html

Rampage

Having said the above, it is important to note that not all errors are the same and not all command the same price. So, it truly is just a guide. So, for example, a quarter struck on a dime planchet may command one price, if the coin has the date on it. But, will command less if no date. Eye appeal has allot to do with it, too.

Rampage

I just looked at a couple of the pages. It says last updated March 2011. Many prices have fallen since then...

Coin Finder

Thanks for the info, I think a pop report would really help, it would be easy all PCGS error coin numbers start with an "E" I wonder why it has not been put out?

Rampage

A pop report would be impossible, because as I mentioned, not all errors of the same type are the same. The example I give above it a good one. Also, off centered coins are another good example. One that is off by 15 percent would command the same price as one 65 percent off. The same percentages with or without dates, also a price difference. And, since PCGS does not put the percent on the label, all would be grouped as one.

Coin Finder

I was thinking much simpler... Not prices...... but just error type, coin type, and grades poor to ms70. Even some info would be better then no information. Total errors graded and number in each grade category.



For example take 15 error types, use the coin denomination, total graded and the amount in each grade. Thats it. Start with the easy ones then add one type per month. For the off centers go from 3% to 97% With dates, without dates...



It would be difficult but they would be the only service to have it!!

Coin Finder

Cataloguing Krause was difficult but cool that someone did! Just my two cents..!

SullivanNumismatics

There isn't a good price guide. I would recommend using 1.Dealer's prices (compare them) 2.Heritage, Stacks, eBay prices realized. 3.Ask dealers/knoweldgeable collectors for opinions.

astrorat

Originally posted by: SullivanNumismatics
There isn't a good price guide. I would recommend using 1.Dealer's prices (compare them) 2.Heritage, Stacks, eBay prices realized. 3.Ask dealers/knoweldgeable collectors for opinions.

Great advice, here. Pricing errors is so difficult for pieces that are rarely traded. Fred and Jon are usually very accurate in estimating the market value for major errors (in my experience).

Mike Byers' pricing is somewhat less "reliable" as his pieces are so outrageous that a true market value is difficult to predict (no disrespect to Mike intended). His retail value guide, like any other pricing guide, is a decent place to start.

It's paramount to understand that much of the value of a major error is in it's visual appeal and the rarity of the host coin(s). A great start is to start accumulating auction records and fixed pricing lists.

One of the neat aspects of collecting errors is that the most of the serious, full-time error dealers are some of the most friendly and patient of all professional numismatists.

rhedden

Due to the variability in the quality and appeal of error coins, such a price guide would be tough to put together without photos. I would almost say that auction archives are your best resource. Even so, finding a coin that's a close approximation to the one you're trying to price could be a real chore.

TopographicOceans

I didn't know there were any

Byers

The Mint Error News Price Guide will be updated in January! The 20 categories will reflect current pricing. Although it's just a price guide, since many are unique and different, it's the most complete list of errors and pricing to date.



Mike Byers

derryb

Fred W's price list.

johnny9434

Originally posted by: TopographicOceans
I didn't know there were any

i dont know either

Byers

The 21 page mint error price guide was just updated in the current issue #35 of Mint Error News Magazine.



http://minterrornews.com/issue35.pdf



Mike Byers

Publisher and Editor

Mint Error New Magazine

http://minterrornews.com

Coin Finder

Thanks Mike!