Missing edge lettering worth

gonna be honest, pricing that coin at $3k is not really "taking the hobby seriously"

 

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You seriously say this to members (not me) who have been buying and selling coins longer than you have been alive. Do you aspire to be a scam artist?

 

based your infinite knowledge of all things coons. What is it worth. my objective when this game begin i assumed a certain level of knowledge coming to this group.I don't see any for sale, and I just wondered what they were worth. I don't know what I don't know.

 

Best of luck on flea-bay

 

Business deal for you. find me a dozen of them for 25.00 each, and I will buy them back on the spot for 50.00 each.









ii

 

So far you make the best sesne, my issue exactly. i am stupid to what this is worth. I know I don't see any for sale. How much are they worth. this site is supposed to have the brightest minds in the country. They must be on vacation.

 

I don't really understand what you are doing, quoting posts and not having anything underneath.

 

The implication here is that the coins are only worth what somebody is willing to pay for them. In this case, the market will only likely bear about $25. I can't find you a dozen of them, because there probably aren't a dozen ANACS graded examples. However, just because something is RARE doesn't mean its VALUABLE.
That's one thing that any new collector of any hobby needs to understand right off the bat.

For example, I own a literally unique, one-of-a-kind clarinet. It is one of the rarest clarinets in the world, but is only worth a couple hundred bucks because that's the maximum amount anybody would reasonably pay for it.

The market =/= your feelings.

 

For people who don't get off the couch, these members weren't too far off. Heritage sold a couple of 2009 PCGS and NGC MS66 for $41-57. In the listings, they list a CDN wholesale of $55 for coins graded by the top 2 sites. I think people who take the hobby seriously don't list coins for sale at outrageous mark ups.

BTW: this was very easy to find. Did you try to search auction sales before setting your price?

Edit to add: just noticed your coin was an ANACS AU53. Maybe $25 is close to the actual value. My apologies to the earlier posters

 

I would be interested to know how this could happen in the mint. I thought that the edge lettering was imparted on these coins at the same time they were struck. The lettering was not placed on the piece in a separate operation as it was in the 1790s and up to 1836 in the 1800s.

The piece had to have been struck out of the collar. In that case it probably would not be perfectly round. Photos are necessary to comment on this piece.

 

When people take the time to comment on your questions, comments like that are totally out of line. You can disagree, but attacking those who are trying to help you can get you ignored very quickly.

 

John, the edge lettering for Sackies and Presidential dollars is not on the collar, it's done in a separate operation after striking.

https://www.greatcollections.com/kb...residential-and-Sacagawea-Dollars-t160-4.html

 

Why don't you crawl back under your rock!

 

I tagged the eBay listing to watch it. Let's see if it sell's for the $3K and even if it sells for "make an offer" I have a way to look up the sold price.

By the way buddy, this knoweldgeable person sitting on a couch wouldn't have wasted so much words in the title of the listing with "new error very rare freshly graded" none of that helps find the listing for a buyer.
"2011 Native American Dollar Missing Edge Lettering" maybe "peace pipe" and "wampadag treaty" helps people looking, find it.

good luck. The MS65 ones go for $50-$100 whether it presidential or NA dollar coins. It's a missed edge lettering strike which happens before the regular strike and happens frequently. The issue is the NA dollars aren't distributed for circulation. They were sold in bags and rolls to collectors or in Mint Sets.
An AU coin is a detriment and because everyone is sitting on coins in rolls, bags and sets there's no way to tell how many are out there that are missing edge lettering. It could be a couple hundred thousand, or the one.

For this reason, it's not an extremely high value coin but it is worth a premium. Who knows how many missed the edge lettering step until all 2011 sets are cracked out, all rolls and bags have been opened and checked.

If you like listing something that nobody will buy, be my guest. Maybe someone finds your listing and offers you $20 or $50 for it.
Realistically missing edge lettering is a manufacturing process error, it missed the machine. Possible a whole run missed the edge lettering machine.....

It's yours you can sell it for what you want of course and refuse what you think i's too low, but don't be surprise when it's not worth anywhere near what you think it's worth.

 

Proof coins are done the same time as the strike of the obverse and reverse.

 

Thank you for clearing up that issue. I have learned something. Of course, the next question is, why bother on a base metal coin?

 

Agree. I've spent years in manufacturing, and if I'm not working in something to make the Process better, faster, or cheaper, I'm wasting my time.

I never understood why the mint would add an extra process step to produce a feature that the customer (general public) didn't request and won't pay extra. The biggest mistake was moving the date to edge IMO

 

I will never understand why the mint did that. It is a terrible place for the date because album collectors can never see it unless they take the coins out of the hole. I guess it was one more gimmick to get people intereted in these things.