 |
01-12-2009, 10:48 AM
|
#1 (permalink)
| | 50 Years and Still At It
Join Date: Jun 2007 Location: Maryland
Posts: 2,593
My Mood: | 180 Degree Die Rotation - Premium?
Anyone have a general idea of the premium that a 180 degree die rotation adds to a coin?
In this case I'm talking about a 1861 silver 3-cent.
Just looking for a best guess, ballpark figure (+25%, +50%, etc.)
__________________ ANA Member APS Member ARA Member There are 10 types of people: those that understand binary, and those that don't. |
| |
01-12-2009, 10:59 AM
|
#2 (permalink)
| | Numismatist
Join Date: Sep 2007 Location: Alabama
Posts: 2,850
My Mood: |
25% for sure I would think but I maybe wrong.
__________________
no one right 100% of the time  
***The only dumb question is the one not asked***
|
| |
01-12-2009, 06:14 PM
|
#3 (permalink)
| | Numismatist
Join Date: Nov 2005
Posts: 4,474
|
Reverse die rotations are one of the least noticed or valued types of errors.
As an example the famous Red Book lists many error coins on pages 401 to 404 BUT no mention of a rotated reverse. Many other coin books that list errors also have little to no mention of them. With so little noted about a rotated reverse on a coin, the value is somewhat what someone would pay for one.
The problem with a rotated reverse is the adverse effects by many dealers and collectors. Many times I've heard dealers tell a buyer that a coin is much reduced due to a rotated reverse. Also, heard collectors say they wouldn't but a certain coin due to a rotated reverse.
One dealers I know had a great Buffalo Nickel with about a 90% rotated reverse and had a really tuff time selling it.
To answer your question I would suggest that if you want to sell it you put it up on ebay as a massively erroneously made, one in a million error coin.
|
| |
01-12-2009, 06:25 PM
|
#4 (permalink)
| | 50 Years and Still At It
Join Date: Jun 2007 Location: Maryland
Posts: 2,593
My Mood: |
Since it is my Silver Three-Cent Type III coin for my type set, it won't be sold.
I'm more interested in it's value for insurance purposes.
But a "whatever a buyer will pay" value is pretty much what I expected.
Hard to insure that way.
I'm looking for something more concrete than that.
__________________ ANA Member APS Member ARA Member There are 10 types of people: those that understand binary, and those that don't. |
| |
01-12-2009, 06:42 PM
|
#5 (permalink)
| | Coin Collector
Join Date: Sep 2008 Location: upstate Ny or my home planet ZECTAS
Posts: 1,510
My Mood: |
That is the highest degree wow 180. I would say the value of the rotation has to do with more of the rareity rating of how many specimens like your coin ,with that specific date that are out there with that much rotation.
The posiblity of your coin being worth a couple of hundred is not far fetched. I would do some res earch on your coin and buy a book on the subject it is well worth the investment.
Jazzcoins joe
|
| |
01-12-2009, 07:51 PM
|
#6 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,528
|
Check 3 places kanga, Ken Potter's, Mike Byers and the Heritage web sites. If there is another out there, you'll likely find it there.
__________________
knowledge ..... share it
|
| |
01-13-2009, 04:16 PM
|
#7 (permalink)
| | 50 Years and Still At It
Join Date: Jun 2007 Location: Maryland
Posts: 2,593
My Mood: | Quote:
Originally Posted by GDJMSP Check 3 places kanga, Ken Potter's, Mike Byers and the Heritage web sites. If there is another out there, you'll likely find it there. | Thanks for the info, but I couldn't come up with anything. Just Carl, probably the best suggestion. I'll take it to the Whitman show in Baltimore in March.
BTW here's the coin.
You'll have to take my word for it about the die rotation.
I don't have a setup to image both sides simultaneously.
__________________ ANA Member APS Member ARA Member There are 10 types of people: those that understand binary, and those that don't. |
| |
01-13-2009, 06:50 PM
|
#8 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,528
| Quote:
Originally Posted by kanga You'll have to take my word for it about the die rotation.
I don't have a setup to image both sides simultaneously. | No need to either, All you;d have to do is post pics of each side showing the full slab. That pins it down right there.
__________________
knowledge ..... share it
|
| |
01-13-2009, 12:00 PM
|
#9 (permalink)
| | Collector
Join Date: Jun 2006 Location: southwest florida
Posts: 1,352
My Mood: | Quote:
Originally Posted by kanga Since it is my Silver Three-Cent Type III coin for my type set, it won't be sold.
I'm more interested in it's value for insurance purposes.
But a "whatever a buyer will pay" value is pretty much what I expected.
Hard to insure that way.
I'm looking for something more concrete than that. | kanga, there is a modern day example of a 180 degree rotated die. The 1989 Congress commemorative dollar minted in Denver. There's about two dozen coins with the 180 degree die rotation (may be more know). At one time collectors where paying over $2000 for the coins. My error book list the price for 136 -180 rotated die strikes at $25 and up. The rarity level is listed as 5 and 6.
Lou
|
| |
01-13-2009, 02:39 PM
|
#10 (permalink)
| | Numismatist
Join Date: Nov 2005
Posts: 4,474
|
The possible best way to figure out what it REALLY is worth is to take it to several coin dealers and a few coin shows. Just remember to mention it is not for sale, you just want to know for insurance purposes. If you say you want to sell it you'ld probably be offered a few dollars less than the coin itself is worth. Remember to just say it's for insurance purposes.
The problem is the lack of interest in rotated reverses on coins. Another problem is they are seldom noticed due to people just look at the front of a coin and when they turn it over it is difficult to remember how you were holding it. If it's in a 2x2, you just don't even pay attention to that problem.
I have approximately 3,000 Mercury Dimes. Presently have 12 Whitman Albums full of them plus 2x2's and rolls. With the obverses all in line in an album and you turn the page you find about 20 to 25 % of all Mercury Dimes have rotated reverses. Not as much as 180 degrees but many at 90 degrees. And no one cares about those unless you want a coin in perfect condition.
Many times at coin shows I haggle with dealers on the Mercury Dime prices if they have rotated reverses. Most dealers have a problem selling them so a decent discount is the way to go.
As I mentioned before such error coins are in the eyes of the beholder and the value is what someone would pay for them.
|
| |
01-12-2009, 09:35 PM
|
#11 (permalink)
| | huldufolk
Join Date: May 2008 Location: Michigan
Posts: 4,281
My Mood: |
I can't cite any examples, but I thought rotated rev.'s were more common in that time period. I would buy one if I saw however.
__________________  |
| |
01-13-2009, 08:47 AM
|
#12 (permalink)
| | Coin Hoarder
Join Date: Jan 2008 Location: Florida
Posts: 546
My Mood: |
Here's a site that give a census of rotated dies. Your date is on the list. Shows a Rarity rating but no price. Hope this helps........................John http://www.rotateddies.com/
Last edited by dready; 01-13-2009 at 08:57 AM.
|
| |
01-13-2009, 09:56 AM
|
#13 (permalink)
| | A closed mind is no mind
Join Date: Feb 2007 Location: Southern tip of that big pond known as Lake Michigan.
Posts: 5,749
|
Kanga,
This guy might be able to help you. http://www.trimeguy.com/
__________________
A closed mind is no mind at all...
|
| |
01-13-2009, 09:59 AM
|
#14 (permalink)
| | Coin Collector
Join Date: Sep 2008 Location: upstate Ny or my home planet ZECTAS
Posts: 1,510
My Mood: |
Well kanga I think you have a winner there your coin is an R5 which is a rare coin not to many specimens are know to exsist with that rotation NOW THAT"S IN EF CONDITION,ALSO I think it's 31-81 known to be in exsistence . What do you think the condition of your coin is in that also is an important factor here to determine the value let me know? I think i could give you around about figure once you find that out Great coin to have .
jazzcoins Joe
Last edited by jazzcoins; 01-13-2009 at 10:11 AM.
|
| |  | Would you like to support CoinTalk?
Coin Talk Code of Honor
1. Post unto others as you would have them post unto you.
2. Keep it clean, like a 1950s family television show.
3. If you don't like the coin, don't trash the person. | Thread Tools | | | | Display Modes | Rate This Thread | Hybrid Mode | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | | » Newsletter | » Sponsors | | » Recent Posts | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | » Today's Top Posters | | Top Posters in Last 1 Days | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |