What One Single Coin..

Discussion in 'Coin Chat' started by davidh, Aug 10, 2011.

  1. dctjr80

    dctjr80 Senior Member

    Lets see if one simple question can help bring you to reality..... What is the highest price ever paid for an error coin? I can tell you the highest price ever paid for a coin...(The 1933 Gold Double Eagle, designed by Augustus Saint-Gaudens, sold for the highest price in the world ever paid for a coin, $7.5 million U.S. dollars, in 2002.)
    No one has ever paid anywhere near for a coin, what you are asking for your error. The fact is, you have a cool error coin worth maybe $1000 USD. To believe different and argue otherwise would make you either delusional or a troll, either way, people should just stop wasting their energy on debating you.
     
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  3. ziggy9

    ziggy9 *NEC SPERNO NEC TIMEO*

    but arguing with hism is like driving by a bad car wreck. you don't want to look but you just have too!
     
  4. Siggi Palma

    Siggi Palma Well-Known Member

    redwin117 my man,

    I know the feeling of owning a rare coin. I have many in my collection that fall into that catagory. But as so many who do own rare coins like me I had to learn and come to terms with the fact that it does not demand high prices. Many times it is the other way around.

    Value is always determend by the demand of the market and from what I have seen these are selling for around 700-950 dollars.

    I´m going to give you a sample of a coin I own.

    [​IMG]

    This is a double denomination 100 Kronur (Iceland) 2004 and 2 Pence (UK) 2004. Now this coin is by defentition a rarer specimen then yours as it is a double denomination of two countrys. And even with grade, both years, Two countrys, and the fact that it is the only know sample to exit (none have come to the market or auctions ) it will most likely not sell for more then 300-400 USD. One of the factor is that it´s not a US error coin.

    We can all pick our prices that is our right as a collector or owner of rare specimens but the fact is that most people who like to own rarer pieces know exactly how much they should pay and in your instance ebay will tell them that.

    I hope you do well but I think time has told you that your price of so many zeros is beond what anyone would be willing to pay.

    Siggi
     
  5. redwin117

    redwin117 Junior Member

    Thanks a lot my friend siggi,

    When I listed my coin on eBay for over a year I did not find the real buyer but few of my email has so interested to buy for over 100 grand and of them offering 3 Million that I did not accept due they are not the real buyer. Yoy are really right the price will be mandated by a seller and we are looking for the right buyer. Now if my coin is just 1000.00 then the coin fact encyclopedia is wrong. why?

    http://www.coinfacts.com/error_coins/double_denomination_errors.htm

    DOUBLE DENOMINATION ERRORS
    One of the most expensive, popular, and desired types of errors are the double denominations. This error happens when a coin is struck on a previously struck coin of another denomination. Examples are a cent on a struck dime, and a nickel on a struck cent. The most dramatic are those with considerable design visible from the original strike.

    [​IMG] This coin has Two Full dates 1995 A key dates, Two LIBERTY, Two IN GOD WE TRUST, VDB, P Mintmark plus plain edge of a cent and a reeded dime and PML in some areas Obverse and reverse. A crack die variety. To add on certified by the Inventor( slabbing coin/card ) and professional expert in coin & cards.Mr. ALAN HAGER that won a total satisfaction againts who accused him and give him a bad reputation. That is why coin collector now paying too much money in slab fee.
    edwin
     
  6. Siggi Palma

    Siggi Palma Well-Known Member

    My lord you did not read one word I just posted.......

    The encyclopedia does not mention prices it just states rare but then again you did not read my post so you are most likely not going to care what i´m talking about the second time

    I would suggest you get Alan Herbert´s Official Price Guide to Mint Errors. Knowlidge is power my friend everything else is just a waste of time.

    Siggi
     
  7. Vroomer2

    Vroomer2 Active Member

    It's ok. There is an "IGNORE" feature on the site. That has helped in my enjoyment of reading about other peoples' coins and ignoring that silly US coin error.

    Siggi, for your mental health and mine, I encourage you to use it.


    Like your double country, double year, double strike. That is most interesting. Too bad it's got a British strike on it. That dude they use on their coins doesn't do it for me. :goofer:
     
  8. Siggi Palma

    Siggi Palma Well-Known Member

    ROFL, From now on i´m always going to look at that coin differently Hehehe.

    I like giving out knowlidge if I can and I like debaits, I have lost SOOOOO many but I learned so much from each and everyone of them. When I started collecting errors I had one coin that ment the world to me and it was uniqe in my unread mind. Untill I sent the pictures to Mark Dimaond and he pointed out to me that it was clearly a PMD. I was so angry that I took all my books out and threw a bomb at him. He answered all questions and he was always right. I had to bite down really hard on my ego that day. But it got my feet back on the ground and made me look at errors and coins differently. That day turned me into a better collector and i´m am very greatful for that :)
     
  9. hontonai

    hontonai Registered Contrarian

    That's kind of limiting!

    Even augmented by the coins produced for the Philippines, and a number of other countries, the US Mint is only responsible for less than 5% of the different coin varieties produced in the last 218 years, and certainly no more than 2% of those produced worldwide in the past 2700+ years!
     
  10. coleguy

    coleguy Coin Collector

    In short, no.
    There isn't a coin struck anywhere at any time that is worth more to me than the time and enjoyment I have invested in my collection. There may be some actual rare coins I'd like to own, as I'm sure many of us would, but they could never replace what I have in any form.
    Guy
     
  11. Hm, if I had to choose, I'd go with an 1894-S Barber Dime
     
  12. bradarv90

    bradarv90 Member

    Does ACG have a site and can you just send in any coin or do they have to be errors?
     
  13. Coinguy56

    Coinguy56 Member

    If I had a choice to trade my collection for ANY coin I want, it would be the 1 and only known 1849 Liberty Head Double Eagle currently held by the Smithsonian and has an estimated value of around $20,000,000 if it was ever put up for auction. All though the Eliasberg 1913 Liberty Head Nickel would be nice, or the 1804 Silver Dollar, or the 1933 Double Eagle. But between those 4, it would be the 1849 $20 Lib.

    Edit: Posted a picture of the 1849 Double Eagle.



    1849LIbertyHeadDoubleEagle.jpg
     
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