Hello everyone! Just would like a value for this coin please? Also. how much do you think that it's off by percentage wise? Thank You!
That could do $20.00, it's a nice clean planchet. I'd advise offering it at $19.95, that way they'd feel like they're getting a discount.
80% O/C I took a screen shot of your image. The coin still looks pretty round so measuring from North to South I got 35mm. Measuring from West to East I got 28mm of planchet to where the strike begins. 28 ÷ 35= .8 Well, I think that's how it works.
I agree with 80% off-center. Not sure about fair market value being a modern zinc. https://www.pcgs.com/news/the-popular-off-center-strike
Agree with the others only that I’ve not paid that high in the past. That said I would check out what’s happening at EBay Coins.
I've recently been watching some similar off-center cents on eBay all by the same seller for around $20 each and as far as I know they're not selling.
My LCS would sell these for about $5-$7 retail. It’s nice, round and clean and 80% off center but there is no date and that’s what’s lowers the value.
I have never really looked at these, and didn't realize they were worth so little. How do they get out of the mint? Do employees sneak them out or what?
I think most of them go into bags and are discovered when the rolls are made. The mint sends out Ballistic Bags which require a forklift to move them.
This Ballistic Bag contained 50,000 Guam Quarters when it left the mint. Please take note that the bag has printed on it to return to the U.S. Mint.
Ok, I appreciate what you said and showed, never heard of a ballistic bag before. But, how they get into the hands of dealers to sell to collectors?
Do they delivery to private parties free of charge? Seriously. How much does it weigh anyways?? It's in a steel skid for Pete's sake!
After bulk shipment they get divided up into smaller bags for delivery to banks (less these days as most go to a coin hub like Brinks). When banks rolled them the tellers would find them jamming their equipment. And then to the LCS to be sold.
Basically the mint manufactures the coins and into the ballistic bags they go. $4000 in cents or 400,000 and for quarters it’s 200,000 or $50,000 per bag. Federal Reserve Banks order from the mint. Then companies like Brinks place the coins in rolls and they are in turn sold to banks. The US Mint produces more than 20 billion circulation coins every year. The mint is the production facility for coins, not the facility for placing coins in circulation. Most of the circulation coins are produced by the mints in Denver and Philadelphia. Coins are sold by the mint to the Federal Reserve at face value. New coins account for less than 20% of all coins in circulation. The average lifespan of any coin is about 30 years. This is just touching the surface but it should provide a decent idea of what happens with them.
PS, The coins that are errors are placed in ballistic bags unknowingly by the mint. They are found when the coins in ballistic bags are counted into rolls to sell to the banks for circulation. Then they are sold to coin dealers where they make their way into the hands of collectors.
What do they do with the bags? I could use a couple of those bad boys! Ballistic huh? Why are they bullet proof?
I actually found a bullet in a bank bag once. That was back when the banks all had counting machines. Found guitar pics, house keys, even a ring. I loved it when we could get those bank bags.
The bags are returned to the mint and they are bullet proof so the coins can’t be hurt or damaged in the event of a shootout in a robbery. I think a few people would try and rob a bag full of coins that’s so heavy they can’t move it. Lol
I love in the old cowboy movies where they’d rob a bank of $100K in gold only to then come out and slug the bag over the horse with one hand, that’s over 300 pounds at $20.67/oz!
