How much would you really pay for the famous Penny On Dime?

As we all know there is a famous penny on dime within our community. Even other forums know about this coin. Now my question is.. how much would you really pay for this coin? I was thinking 1800.

 

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11 cents, which is face value. I'm being dead serious too, I have no desire to collect or pay any imaginary inflated value for error coins.

 

Probably around $100-200. I personally don't like it too much and would rather spend that money on other coins.

 

I dont collect errors, and I have no interest in them. id pay 5 bucks maybe, and I would design a magic trick using it. I would use it to pick up chicks. Girls love guys that do magic.

 

If I owned it, I would love to get a grand for it. But, to buy it, I'd go a couple of hundred.

 

My guess would be $150 to $300 if you were really interested in errors. It needs to find the right buyer, but I'm not him.

 

What makes error coin prices inflated and the premiums paid for circulation coins not?

 

I think because they are way rarer and one of a kind.

 

I would buy it for up to $250 and sell it for $500 the next day

 

I'd pay 7 million .... (my offer was refused)



Seriously - I think it is worth in a retail setting around $1000

I'd take a chance & pay around $700 for it.

 

You sound like Rick from Pawn Stars there for a second.

 

Bedford, would you like me to obtain one for you? For $700 I can make that happen.

 

The problem is if I bought it (for about $150), my wife will mistakenly see it as a regular dime and throw it in the change jar.

 

If I were an error collector, I would hope I know what the market for similar errors were. I would then pay at the high end of that range, since his really is a superior example of the error. I have seen a few since he started posting his, and his very much is a cleaner, better example than all others I have seen.

 

He has implied that any premium over face value is an "inflated price". I just wanted to know his reason for thinking this.

 

Not for any one ,but for that one. All kidding aside it is a quality example .

 

With all due respect, Jason, I do not think that this is an appropriate subject to discuss. We have gone over and over this in many, many, many threads, and you know that it will only end in a "no win" situation.

Chris

 

Yeah, I'm kind of done with this topic. It's no longer unique or special IMHO with all the hoopla and anxiety over the coin.

 

how much hoopla and anxiety can there be over such a common error. Her is a link to the 454 of them that Heritage has sold over the past decade. The vast majority of prices are in the $600-$800 range. I have personally handled 5 or 6 of them and while neat they aren't rare and if you want one they are available almost every month at a fairly cheap price.

 

to answer the OP, assuming the coin isn't circulated or damaged I would pay $450 for an MS67 or less and $500 for an MS68.