General Error Question
keoj
Posts: 1,056 ✭✭✭✭
I have a friend who has an inherited set of error coins. All are raw. I'm trying to give him guidance on value but as I try to do some light education, I realize how "variable" error valuation can be. I'd like to help him get the higher value ones into holders. I get the basics, older error coins will likely have higher value than recent coins. Is there any good resources available? Is there any general rules of thumb on error types being more valuable than others? Example, if one had to triage error types, broadstrucks, off metal planchets, brockerage, off center, partial collar, etc., which ones are generally more interesting. At $65 per submission, it is an interesting dilemma. I have looked through auction archives, and have not really seen clear valuation patterns that I understand yet. Thanks,
Keoj
Comments
https://www.minterrornews.com/priceguide.html
Not necessarily. It depends on the type of error, how dramatic, host coin, etc etc. There are many nuances with error coins. And at ~$65 a pop to slab, unless you’re dealing with a high-end collection, there are very few IMO that will warrant certification.
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
Depends on the coin / error type.
I am currently converting all my coins to only TPG error slabs.
I send the best of the best to PCGS.
I send the best to NGC.
I sell less than the best as raw error coinage.
Now I only buy slabbed error coins or raw error coins that I plan on slabbing.
Post pics on the forum to get some quick (and good) advice.
i haven't checked in a while but last time i did, the error service is $60 plus grading. unless you can send an error in that doesn't get labeled as such, which i was not aware they did. perhaps some minor one but not where the error is the value of the coin.
whenever i thought about submitting errors i always figured just shy of $100 after all expenses. have I been in error.
Yourself and or your friend would be well advised to do heavier education before submitting.
Ebay sales history, websites, red book etc.
Ranking your list of types by very rough relative values:
off metal planchets - 200
brockage - 30
off center - 15
broadstrucks - 15
partial collar - 1
...but as with a lot of things, the devil is in the details. Post pictures?
Your first order of business is to determine whether they are true Mint errors or forms of post Mint damage. Depending on your friend's level of experience and expertise, you could be wasting a lot of money on grading fees for coins that are essentially worth only face value.
If you can post a few pictures of coins representative of the collection here, there are a lot of experts who can give you advise on whether the coins are worth getting certified.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Error service is regular tier pricing with gold shield required.
Thanks for the informational assist. I'll post images of the coins if I get them to submit. It could be a while (like months). Many of the coins are of low value....cuds and clips. But a good number are 70's wrong metal (cents made with dime planchets), etc.
Keoj
Some pics posted would be the way to go.