1982s lg/small date bronze/zinc

Ok. I have found every combination for the Denver and Philadelphia mints. (D lg/zinc, D lg/ bronze, D sm/ zinc etc)..

But basically they are not worth anything unless the are in a MS condition?

Is this true of all errors? Hence the reason why they are so coveted? Value = mint + error type + condition of coin in every case? So when its stated to be an error coin ...the value isnt in the error alone, its in a the combination of factors, some of which have no relation at all to error classification itself?

I was under the impression the allure was all about the fact the coin contained an error. But if its not MS, then its worhless. Even if its a MS 66. Which experts cant even hardly tell the difference between MS 67 and MS 66. So why such a completely dramatic drop in value? I mean it plummets.

And if the condition of the coin is the mitigating factor, as seen in values of non error MS coins. Then why go through the trouble to cateorgize all the different varieties?

My logic is this. Something is usually listed under its own subtitle when it is slightly different from the original or to identify from a group. I.e. Bumblebee, a very popular Transformer. He is a Transformer, a Cybertronian, and of the Autobots clan. These names are to identify him.

Or take gold ..each numbered karat defining exactly how much gold is it. Or to classify.

Also of causing/producing a difference in effects, which could be both Identification and classification, such as flammable and non flammable.

So I guess what I am asking is that the major category here, above all else, is the condition and original quality of a coin? Then THOSE are sub divided into ancient, modern etc. Which are then in turn placed from their country of origin, metal content, la de da, u do get what i am asking right? And errors/varieties being just another sub category for identification by collectors? But its not something that can stand on its own?

And if MS 66 amd MS 67 are extremely hard to to tell the difference in then why the outrageous drop in value no matter how many there are or are not of each?

If its not discernible to the average collector or even expert, then why is its value reflect that?

Can someone help me to understand this please? I say this cause if the orginal look is so highly sought after, then why does cleaning them(properly) not increase the value but decrease it. If a collector wants it to be as is, then why no value in the dirty well circulated ones? Or why isnt there professional coin cleaners readily available like carpet cleaners or restoration services? And i am not talking about nick, dents and dings damage.. I mean a dirty Picasso is still a Picasso, rt?

 

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When higher grades are detectable then the population of such coins get higher value. Some people are willing to pay for a higher grade knowing there are so many in the population of that particular grade. Wait for more opinions...

 

I understand that. But the allure is not in the error, because then it seems that everyone of them found would be valuable until so many are found that its common. Like Beyonce bought a purse that was $45,000..only 3 were made in the world. Some of the ugliest purses i have ever seen are valuable just because of who made them. Hell Prada could put a handle on a trash bag and people would spend hundreds on it! Lol

 

Case in point. I bought this 1984 DDO Doubled Ear variety for $425.00 because I wanted the MS-67 Red grade. From the NGC website I know that only 146 have been graded this high hence the high value. Not sure how many PCGS ones have been graded. I am sure it is a lower number.

 

People with money buy stupid things sometimes. Rich people like certain labels...Prada, Gucci, Louis Vuitton being a prime example of quality, but half of the price you are just buying the name.

 

I had a friend when I lived in Louisiana. he had his own business. he had a $300,000 Lamborghini and he modified his garage spending $200,000 to accommodate the Lamborghini! because of his work schedule he rarely got out to drive it..(matter of fact, him and I, we took it to McDonald's once and it was hilarious. People wanting to take pictures with the car and pictures with us!! like we were celebrities or something lol).

But I asked him, $500,000 ? a half a million? for a car and a garage??? that you never really get to enjoy ??? why? He said well, " the house is paid for, the ex-wife's been paid for, the kids college is paid for ...all this money- what else was I supposed to do with it?" Best answer hands down. Smh

 

As with error coins. Example of off-center coins are much more common than other errors. Coins on the wrong sized planchets are much more rarer. In time you will realize which errors are much more rarer.

 

But it doesnt matter how rare an error is if its not a MS 67 or above, rt?

 

Ah Lamborghini's are my favorite sports cars hands down. I can only day dream of having 1. If it made him happy. lol

 

All errors have value low-high. Grade/condition is everything. Some very common errors bring little value because there are so many. Scarce hard to find errors bring higher value because there are only so many out there. Highest grades get way higher value because they are much more scarce.

 

Off-center mercury dimes are much more scare and hard to find than off-center Lincoln cents bringing way higher value.

 

That's the fun in error and variety collecting. There are all price ranges of what you want to pay. I once in my 21 years of coin collecting saw an off center Morgan dollar at a Vegas coin show. It was low grade, but very high value because they are incredibly rare. You never see them.

 

Down the road after paying off more credit card debt I will buy high grade Lincoln cent 1972 DDO variety. Everyone wants them in high grade because they look so cool. Because everyone likes/wants them they bring way higher value. There are many grades out there. It's all what a person is willing to pay. The high grade I want will be in the $500-600 range.

 

I would think there are basically three values to a coin.
Face value is the denomination. 5 cents, 25 cents.
Precious or semi precious metals content of the coin.
Numismatic value. Which would include for example is it scarce ? Is it an error ? These attributes will add value over the face.
The grade of the coin will probably only affect the third category. The better the grade of any particular coin will make it more difficult to find in that grade, back to scarcity. If you're buying a coin to melt out the gold, you probably don't care about the grade. Is the numismatic value more than the gold ? ....martha

 

I believe you have this correct.

 

Kristine, I think you are doing too much “black vs white” on this. There are many “gray” areas too. You have objective criteria, hard and fast things like damage, corrosion, staining etc…and the subjective criteria, such as eye appeal and judgement applied to any given criteria.

Try to think about it like this: a prominent error coin that has defects is not going to command a higher value than one with no defects. Also, some criteria for grading have higher or lesser importance, depending on the buyer/seller. For example, I would buy a 1955 DDO Lincoln in Red as opposed to Brown. Less wear is better. Fewer contact marks are better. At MS60, a coin (allegedly) leaves the Mint, but even with no wear, what about die wear/deterioration? Even brand new coins have nicks and scuffs. The ones that don’t are the ones they call scarce and get higher grades.

 

Not always true m'lady, look at the 1 cent 1955 DDO BN, around $900 in G4 condition, damaged AU have sold recently(3/3/22) for over $1600, two AU55's went for ~$1900 and $2350(2/24, 2/23), an MS62 sold for $3046, MS63 $3495. All these examples were recent sales, February or later, just ordinary Brown, not even RB or RD coins and they sold for substantial green.

 

Only TPG's are allowed the privilege to conserve a coin. It is profitable for them and the coins owner.

 

There is not one formula for defining the value of coins. Thank goodness for that!
There is truly a plethora of factors that is used to define the value of different coins.
One of those is actually who previously owned that particular coin, go figure.
There is not one coin out there in the world that is worth more than what I think its worth. Or maybe what someone else told me what it is worth, but I hold on to the ability to disagree with them.
In the end it all about the social status I can acquire by purchasing things I don't need to impress people I don't like.
Feel free to replace the word coin with whatever....