What is this error worth?

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  jmlanzaf Posts: 32,055 ✭✭✭✭✭

  January 6, 2021 6:03PM edited January 6, 2021 6:04PM

  @coin22lover said:
  Does this seem like a real auction result for this coin? It only sold for $500 plus juice when the estimate was $1,250-$1,500. Maybe 2 people weren't in the right place at the right time?

  https://www.icollector.com/1836-LARGE-CENT-NGC-XF-RARE-MINT-ERROR-MEDALLIC-ALIGNMENT_i21422666

  Estimates by the auction house mean almost nothing. Some houses go intentionally high to try to plant that number in your head. Others go intentionally low to try to convince their consignors that they got way more money. And some give reasonable estimates.

  Alignment errors on large cents aren't really that uncommon. 180 degree rotation is a little unusual, but that coin sold for well more than a straight XF would have much less an XF details.

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  coin22lover Posts: 3,457 ✭✭✭

  January 9, 2021 12:07PM

  TTT?

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  ctf_error_coins Posts: 15,433 ✭✭✭✭✭

  January 9, 2021 12:09PM

  "Details" kills the price.

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  coin22lover Posts: 3,457 ✭✭✭

  January 9, 2021 12:12PM

  I actually have the coin and was having a hard time figuring it out. Putting a value on errors is difficult for me.

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  bolivarshagnasty Posts: 7,350 ✭✭✭✭✭

  January 9, 2021 12:32PM

  Error Collectors want the same positive attributes as others. Problem coins are avoided.

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  braddick Posts: 23,140 ✭✭✭✭✭

  January 9, 2021 12:37PM

  Plus, errors are more attractive to collectors when the error is obvious. This one isn't seen until the coin is manipulated in hand (turning it over).

  peacockcoins

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