Determining Value of Error Coins

Discussion in 'What's it Worth' started by TJ1952, Jan 19, 2016.

  1. TJ1952

    TJ1952 Well-Known Member

    Is there a one-stop-shop guide or website out there you would recommend to determine ballpark values of error coins. Coin denomination, error type, condition, high/low end value errors, common and rare errors, etc... I see a lot of information out there in many different places. Or would you just recommend ebay? Thanks!
     
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Personally, I don't believe in price guides for errors. An error might sell for moon money one day, then crash and burn the next. It's only worth what someone is willing to pay.

    Chris
     
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  4. Evan8

    Evan8 A Little Off Center

    I agree. i just go with the notion that pretty much all errors are unique in some way. You pay or ask for what you think its worth. Best bet is to find something similar in auction archives and go off what that sold for.
     
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  5. eric6794

    eric6794 Well-Known Member

    I don't know if there is a price guide but like the previous relpies its only worth as much as you get. And I don't know if there is an online reference for know varieties of all denominations but there is the cherry pickers guide that might help you some. Different errors are found now and then so best bet is to do what I'm doing and that is carefully searching your coins learn about the different varieties and ask questions :D
     
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  6. tomfiggy

    tomfiggy Well-Known Member

    Don't go by prices listed on some popular websites. When a new variety is found no one knows the value. Many more could be found in short order. Or it could turn out that one or three is all that is ever found. The longer you can hold on to a rare coin the value should go up unless someone finds a hoard of them. If you find a Doubled die that is scarce, say 30 pieces in total have been found I would say don't believe it if someone says it's worth $30.00
     
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  7. TJ1952

    TJ1952 Well-Known Member

  8. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    There is no price guide for errors, that I know of. Every error is unique - value will depend on grade, type, series, severity, rarity, condition, desirability, marketing, weather that day, and the breakfast cereal chosen that morning.

    People familiar with the error market can usually hazard a guess, based on experience and similar sales, but that is all.
     
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  9. TJ1952

    TJ1952 Well-Known Member

    weather that day, and the breakfast cereal chosen that morning.

    Got it. The above explanations are clear. Bottom-line: It's all subjective, depending on the time of day or flavor of the week. I guess all our hopes are high to find that golden nugget. That's what makes it fun.......or depressing. : )
     
  10. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Even the CPG can't be relied upon 100%. Some of the prices listed are many years old, and in some cases there are no known values. For example, the 2005-S KS Silver Proof SQ FS-901 is listed as "Not Applicable" (N/A) in PF65. The reason for this is because there have been no public sales recorded. There are three specimens listed by NGC, and mine was the Top Pop at PF70UCAM before I sold it in 2013 for $1,000. However, this was a private sale.

    Chris
     
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  11. Kapimono

    Kapimono Active Member

    For unique coins including errors, I check past sales on ebay and heritage. Cherry Pickers isn't a go to source, but maybe a start.
     
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  12. tomfiggy

    tomfiggy Well-Known Member

    The Cherrypickers Guide has a disclaimer in the book that says many of the prices listed are just placeholders, and have not been updated.
     
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