Error Coin Collecting
ERROR COIN COLLECTING
Yes I am still enjoying collecting error coins. Above you will find a 1957D Lincoln Wheat Penny with a flaw to the planchet on the obverse of the coin. This mistake is rare because it is spotted very easy by mint personell. This flaw is extensive on this coin as it goes completly through the coin from top to bottom.
Next is a 1998 Quarter with a major die crack on the reverse of the coin. I found this coin recently as I was going through my pocket change.
1958D Silver Quarter that is Doubled Die on the obverse in the area of IN GOD WE TRUST.
Currently I have set out some of my rarest coins to be sent to ANACS for certification and review as to how they came to get these types of mistakes. I have some very interesting Statehood Quarters that I will be submitting for certification.
The certification process is expensive, so you need to make sure that if your going to get the coin certified it carries more value than the certification. Example: If the coin value is $20.00 and the cost to certify is $25.00, then you might want to wait on the certification of that coin.
Ok Bruce how do we know the value of a coin? I get my values as close as I can from like error coins that have been auctioned through Heritage Auction Archives. You must have a membership in order to get the values. You will be amazed at the values of different error coins. I like to first find the same coin that is similar to the one I have and look at what it auctioned for. Then there is the condition of the coin, circuladed and uncirculaded. If your coin is in as good a shape as the one your looking at or better, you can use this as a close value.
My next writing on Error Coins will be soon in the next few days as I photograph the coins I am going to send in for certification. Most will be on some of my Statehood Errors.
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