I don't get it .... A very rare Error vs a common collected Error ....
ctf_error_coins
Posts: 15,433 ✭✭✭✭✭
....which would you rather have?
Both around the same price. One is a very common type of error and the other is a very rare type of error. One has an extremely low population and the other has a very high population.
I don't get it....... ?????????
A very Common Error
vs
A Very Rare Error
Both around the same price. One is a very common type of error and the other is a very rare type of error. One has an extremely low population and the other has a very high population.
I don't get it....... ?????????
A very Common Error
vs
A Very Rare Error
0
Comments
(Albums now have a slot for the Buffalo.)
Like you, I'd rather own the second coin, but that doesn't distract from the popularity of the first one and thus the price point of each.
peacockcoins
The 3-Leg is not a mint error but just a well marketed die polishing related variety.
<< <i>The first coin listed is now considered more of a variety rather than an error yet the second remains so.
(Albums now have a slot for the Buffalo.)
Like you, I'd rather own the second coin, but that doesn't distract from the popularity of the first one and thus the price point of each. >>
Die polish is considered a mint error, a somewhat minor error and yes it is ALSO considered a variety in this example.
I know people fill holes and collect overhyped stuff, but this is such a stunning example of a true rarity vs something common, and for the same price, wow!!!!
The 1937-D is three legging Buffalo nickel is really a die state, not a variety. As a dealer I can tell you that there are loads of these around.
The dollar struck on a quarter planchet is more interesting to me.
<< <i>The dollar struck on a quarter planchet is more interesting to me. >>
Double denomination, Sac struck on (reeded) MD statehood quarter
looking strictly at the coin and not the error/variety/die state(you guys can fight that one out) I think I would rather have the Buffalo Nickel since I like the way it looks. if I was a seller I would again take the Buffalo Nickel simply because it would be easier to sell and almost certainly will hold its value(the Sac is too speculative with a small market). if I was a buyer I wouldn't want either one.
to respond this way I doubt that there are that many available.
Living in Tennessee it would be neat to find one for that state.
Is a Philly-Denver every state run possible?
The Sac assertains it's value form its eye appeal and novelty
The buff has an active collector base, big difference.
I knew about the bufflao since I was a little kid and if I had ever collected those I woul have bought one. I didn't know that specific error existed until just know to look for one and help drive up the price.
<< <i>looking strictly at the coin and not the error/variety/die state(you guys can fight that one out) >>
LOL, no thanks, been there done that.
Here's my take, Die polish, die cracks, die fills, die chips, etc. are all MINOR error coins, and many turn into varieties.
Most of these MINOR error coins do not carry any premium or perhaps a very small premium.
Major examples of all of the above MINOR error coins do carry a premium and sometimes a very strong one.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
<< <i>Not that it makes any difference, but what is the tell that it is a Maryland quarter and not a South Carolina, Virginia, Mass or New Hampshire quarter? >>
I actually have another example, there are around 12 or so known ...
You can clearly see detail of the Maryland Quarter underneath. The reeded edge is uber cool on a sac
I never owned one or wanted to own.
Bob
<< <i>I'll take the Buffalo hands-down, because there will always be more demand for it when I want to sell. >>
<< <i>I know people fill holes and collect overhyped stuff, but this is such a stunning example of a true rarity vs something common, and for the same price, wow!!!! >>
I'm surprised you would say this about this buffalo variety as I know you've been selling theseRare Lincoln Pennies for some time. Personally I would rather have almost any other $3-4 coin, but there seems to be a market for these cents with die deterioration. Please don't take offense.
In regards to these 2 coins, an error collector would generally not choose the first.
A buffalo nickel collector would generally not choose the second.
They're simply not comparable as the 3-legged buffalo is not considered an error, but a major variety in a widely collected series. It just comes down to the market. Personally I don't know why anyone would purchase either of these considering the price (I think most others would agree as neither has sold yet). As an error coin collector, I would prefer the second coin (at the right price).
I fully agree. How many '3 leggers' are there (not to mention, the '3 1/2 leggers'), as opposed to the Sac? I'd MUCH rather own the Sac, as something to 'put away', and forget about for some time.
You can clearly see detail of the Maryland Quarter underneath. The reeded edge is uber cool on a sac
these two replies would seem to be at odds with each other. being struck on a quarter planchet is one thing and not interesting at all. being struck on a previously struck coin has the scent of "shenanigans" to me, similar to the 7-8 Quarter/Dollar mules that were proven to be fakes. why would this be considered anything different?? weren't those mules originally slabbed and accepted until the Secret Service investigated and got things straight??
much the same way we have 1943 copper cents and 1944
steel cents. There are also many struck Roosie's that were
also struck by Lincoln cent dies.
TD
Varieties are mass produced.
The Buff is a variety and the Sac is an error.
These being said I would rather have the Sac and almost pulled the trigger on it the other day.
<< <i>The 1937-D is three legging Buffalo nickel is really a die state, not a variety. >>
Can 1937-D nickels struck from an earlier state of the same die be readily identified?
We'll use our hands and hearts and if we must we'll use our heads.
<< <i>. The sac I would have to consider a loss purchase as it may never gain in value and could very likely sell for much less than the current sale price at a latter date. >>
Once the supply of these less than 20 pieces go into strong hands, or private collections that will not resurface again in a generation, the price may very well increase rapidly.
I know mine is NFS and not will be while I'm alive.
But, I never owned one.
I like off metal, wrong planchet stock, and transitional errors.
Unlike most collectors, I like a coin that is struck on an unstruck off metal planchet or on a wrong stock planchet more than I like the dual denomination coins.
To me, the duals just beg to be called helped.
Still cool tho.
Gotta get me a 3 legger too.
In some respects, they are correct on both counts.
Others would want to nitpick and call them one or the other.
Still others may call them major or minor... errors or varieties.
Well, that die was intentionally removed from service. and then re-worked, and then placed back into production.
Perhaps these coins would be more properly classified and referenced as Modified Die, or Altered Die coins.
Fact of the matter is, rarity is only ONE factor that goes into driving price. "Collector interest" is a nebulous, hard to define, easy to identify factor that's more important than just about everything else.
And...the customer is always right.
<< <i>I'd rather own the SAC.
The 3-Leg is not a mint error but just a well marketed die polishing related variety. >>
I agree, I'd rather have the Sac/25c than the over-abraded 5c. The Sacagawea on the Maryland 25c might have a population of 14-18, whereas the population of the 3 legged buffalo is much, much higher and also isn't nearly as dramatic or even special (to me.) Of course rarity has little to do with value since there might be a coin with a small lamination on it which is unique for a date/series of coin but which has no added value at all.
At the end of the day, it's all about promotion and overall collector appeal and collectibility. Varieties inherently have an advantage of errors since they can be easily "written up" in guides since there are always duplicates (however many a particular die struck before being retired.) This makes them easy to price and and therefore allows for collectors to be easily educated as to the coins' value. On the other hand, error coins are pretty much "unique", with each coin being slightly different from any other error, and this makes them much more difficult to learn the values of as well as to even understand what the coin itself is and how it occurred. The knowledge required to effectively collect errors and become an "expert" is therefore (and for other reasons) higher than it is for [common] varieties.
<< <i>I would much rather have the Sac. With me being the 5th person
to respond this way I doubt that there are that many available.
Living in Tennessee it would be neat to find one for that state.
Is a Philly-Denver every state run possible? >>
Nope, there are only a handful of states known overstruck with sacagawea $1 dies. Most of those that are known are unique, although Maryland is by far the most "common" combination.
<< <i>. On the other hand, error coins are pretty much "unique", with each coin being slightly different from any other error, and this makes them much more difficult to learn the values of as well as to even understand what the coin itself is and how it occurred. The knowledge required to effectively collect errors and become an "expert" is therefore (and for other reasons) higher than it is for [common] varieties. >>
Jon, very well stated.
Plus a shout out to Jon as I asked him to find me a Sac on MD quarter which he did and it is one of my favorite coins, Thanks buddy.
<< <i>I don't get it....... ????????? >>
Its all about the marketing.......
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<< <i>
<< <i>. On the other hand, error coins are pretty much "unique", with each coin being slightly different from any other error, and this makes them much more difficult to learn the values of as well as to even understand what the coin itself is and how it occurred. The knowledge required to effectively collect errors and become an "expert" is therefore (and for other reasons) higher than it is for [common] varieties. >>
Jon, very well stated.
Plus a shout out to Jon as I asked him to find me a Sac on MD quarter which he did and it is one of my favorite coins, Thanks buddy. >>
Glad you are happy with the coin! They're not very easy to find on the market these days.