Let's say 1 coin is worth a dollar and A collector finds a second coin of the same year and mint with the exact same error. Does having a pair of the same error become more desirable? Or less? Or doesn't change any? Just wondering.
More desirable? I wouldn't think so. Rarity is about fewer numbers, so finding yet another one just like the first, to me would mean it is more common and thus less valuable. JMHO
It means the collector has two coins worth $2 total. I have lots of the 'same' error, and it doesn't affect their value. However, if I had one $10,000 error, and I bought 3-4 more, or someone else came on the market with 3-4 more, THAT might possibly have a factor in pricing and selling them.
Except for a few considerations. Principally, how unusual the error is and how many collectors want one like it. I suspect that finding 2 or 3 more fabrications on a nail would not hurt their value much. Same goes for Sac mules. EDIT: I think Fred (an internationally known error dealer) answered this better than I did.
I'm sure you've heard this repeated many times. "It is only worth what someone is willing to pay for it." For example, consider this coin that I have owned ever since I found it in a 2001 Kennedy Mixed P&D bag that I bought from the US Mint in 2004. After I had already submitted it for authentication & grading and got it back from NGC, another 2001-D missing the clad layer was listed for sale on eBay. It was ungraded, and the owner claimed that it was one-of-a-kind. I contacted him to let him know that I also had one and sent him the photo. It happened that we had both found them in the mixed P&D bags that the Mint sold in 2004. He promptly edited his listing to acknowledge the new information, and ended up selling it for $555. Now, 16 years later, I have had a couple of offers for my certified specimen but neither offer has been anywhere near the price received for that ungraded specimen. So, it doesn't matter if you own all of the specimens or not. All that matters is how much someone is willing to pay for them.
I appreciate the advise. Let me ask this then. Say a collector found a 1950 error coin, then years later found a second. Neither coin or error has been listed or attributed. Not that I have anything like that, Just wondering.
cpm9ball, I must've been typing my second question when you posted your response, But sums it up nicely. Thank you all for the information.
I did, I was just wondering about the questions asked. I know my 56 hubbed in debris nickels are probably just face or close. But seriously just thought about and didn't have an answer.
Why is it that most all of my errors are worthless . . . . . . . ? Or is that "priceless" . . . . . . . ? Z
How many people want to buy that item? If it's three or more, then having one or two doesn't change the fact that demand exceeds supply. If there are a couple thousand with hubbed in debris and only three people care, the numismatic value is negligible. People often forget that demand is the more important driver of price.
Good question. I like them. Errors off the dies repeat, and a pair of them is evidence of it, they were struck off the same dies.
