Question to error coin guys - condition vs. magnitude of the error?
desslok
Posts: 310 ✭✭✭
Suppose you're faced with a dilemma: two rare error coins of the same type and date. For the sake of the discussion, let's say an off-center coin of a rare type for this error. One is a monster error, on par with the finest known for this coin type (in terms of severity of the error), but the coin itself is a cleaned VF with PVC residue. The other coin is a straight-grade XF-AU, with a relatively more minor error, but still an acceptable one.
Let's say the price is the same, and it's too high for you to have both.
Which would you choose? A great error on a dog of a coin, or a medium error on a better coin?
I'm faced with this dilemma right now and can't make up my mind.
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Comments
Monster Errors of lower grade are generally more favorable than lesser errors in a higher grade.
That said, Problem coins like the one described are generally not liked by error guys.
A problem coin of the same value is still a problem coin, error or not. It all boils down to your preference and whether or not you can live with that coin without remorse.
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As it is with any coin I am considering, it depends on the appeal to me personally.... my collection, my preferences...Cheers, RickO
Error collectors are generally willing to accept some damage if it means a more dramatic error or eye appealing coin. In fact, a large percentage of errors are damaged. However, from what I've been able to tell from selling errors over the years, most error collectors despise serious problems and such coins are discounted accordingly.
For me, if the coin type, date, etc. are the same, and the only difference is the severity of error and condition, I would go with the coin in problem free condition every time. For example, I'd prefer a problem free 30% off center coin over an 80% off center problem coin. But I'm weird like that.
Good question. For me, it would have to be the " bigger the error" than the condition of the coin.
Example: 1916/6 Buffalo Acid Date or 1917/8 Buff. Acid Date or any condition of the 1888/7 Indian Cent.... There are many examples. We must not leave out the famous '55 Double Die
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