Morning everyone, I went a bit nuts when the DDRs were being found in the 2009 LP2 boxes and bought/searched/found several DDR1-4's plus some die clashes etc. Well they have been sitting in a box for too long now and I want to do something with them. Last time I checked the only company attributing these was Anacs, is this still the case? All of the coins were pulled from the rolls with gloves on etc so they should mostly grade 65+ but I'm wondering if it is worth it or not, is anyone collecting these errors anymore? Looking at the Anacs website it is about $10/coin to grade plus $5 for the variety verification plus shipping etc. so at a cost of $15+ per coin is it worth it to send these in for grading, or just keep them raw? I looked at Ebay and there is not much out there to compare to so any insight on the current marketplace (if any) for these would be great~ Thanks! J
I wouldnt bother. If anything send ANACS 1, and see if they even acknowledge the error. Submit any other questionable errors you may have too.
There is nothing questionable about them, they are all acknowledged errors. CDDR-001 through CDDR-004 which were all pulled out of the 2 roll commerative LP2 boxes sold by the mint, not circulation coins. They are all listed on Coppercoins.com in MS65 at around $15-$25 each, and i'm sure several of them will grade higher then that. But if I can only sell them for $20 each then it makes it not worth it.
I'm sitting on mine and waiting to see where they go before spending more on them. Seven of them will be included in the next edition of Cherrypickers, so that should help their popularity. I don't know if the lack of them on eBay is a sign they are scarce or they just don't sell, so they're not listed, but they sure have dried up on eBay.
It's been my experience that coins from the high priced mint-wrapped rolls are generally no better than what came from OBW bank boxes, and in some cases they were actually worse. It's not as if the coins were handled differently, but maybe you got lucky, I don't really know. Also, if you have the more popular varieties, and unless you are absolutely sure a coin will pull at least 66 or better, I wouldn't bother. It's not as if its that tough to attribute the stronger LP2's anyways, so slabbing isn't necessary, especially considering cost vs. return. Don't put much weight into so-called "values" listed on coppercoins or even on Wexler's site. While some may be realistic, most are not. I am still sitting on rolls of two LP1's listed on Wexler's "best of 2009" that he claims a value of like $10 a pop for in 63. Even though most would go higher, not since 2009 have I seen anyone willing to pay such prices, and even then... I also have a few rolls each of other varieties wasting space. Anyways, the point is that unless you have something truly special (read: high grade), even with the more popular varieties, I don't waste money on submitting. None are anywhere close to scarce, but relatively speaking, some of the lesser varieties are much tougher than the so-called "big ones" as they were discovered early, could be tracked by box dates, and were saved in huge numbers. In the long run, there will always be a supply of the major varieties. Its the minor ones that - if anyone wishes to find such coins - may be difficult to find since they are harder to identify and were not saved nearly as much.
Thanks for your replies. When I pointed out they were the mint rolls I was simply pointing out that they were the first errors found, not that they were of higher quality. I'll probably go through them and see which ones are the best and may just send them in to PCGS even though I don't think they will recognize them as they can do it for as low as $14 a coin. Plus I can easily attribute them and I would rather have it in a slab from a top TPG. I pulled them out tonight and found that apparently one of the DDR-001's was put into a flip which had a tear in it which toned the coin. It is an off shape but it actually toned it very nicely. I assume that it is because I have been keeping these coins in an old wooden Baccarat cigar box as this seems to be the only one it happened to as the rest are all in flips, tubes etc. This one has some spots like most which is probably why there are not many high grade ones out there according to the PCGS pop report only 5 MS67's with none higher. Here are some pics of the toned coin which has a doubled thumb~
