what is the defects called

Discussion in 'US Coins Forum' started by omar822, Jul 23, 2014.

?

anyone know if their is other penny with this defect

  1. I st a die crack

    2 vote(s)
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  2. help

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  1. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    Would an actual die crack on a circulated Lincoln of this date even be worth anything?
     
    Last edited: Dec 1, 2014
    Vegas Vic, Dec 1, 2014
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    I am not a variety guy, but more than likely not. Die cracks, as a general rule, add no value to a coin. They are after all nothing more than a flaw and typically flaws are not a good thing. There are however cases where a specific die crack is used as a diagnostic to identify specific varieties. And since there are niche collectors who do collect by variety, there are cases where specific varieties do carry a premium for that group of collectors. To others, they have no significance at all. And in the greater scheme of things, they are few.
     
    GDJMSP, Dec 1, 2014
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  4. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    Ok so that is what I thought, it adds no value or has no value. So even if the op is right he is still wrong, in a sense.
     
    Vegas Vic, Dec 1, 2014
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  5. Treashunt

    Treashunt The Other Frank


    One major exception:

    The Bearded Goddess Bust $1/2
    O-111; O-111a; and O-111b
     
    Treashunt, Dec 1, 2014
    #24 + Quote Reply
  6. GDJMSP

    GDJMSP Numismatist Moderator

    Well Frank I did say there were exceptions. But exceptions don't disprove the rule.
     
    GDJMSP, Dec 1, 2014
    #25 + Quote Reply
  7. omar822

    omar822 Member

    who determines the value of a coin.I have several coins like this one.What do you guys think of the quarter I put up. I haven't seen another like it.
     

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    omar822, Dec 1, 2014
    #26 + Quote Reply
  8. omar822

    omar822 Member

    Take a look at the map of New York on this quarter.
     
    omar822, Dec 1, 2014
    #27 + Quote Reply
  9. medoraman

    medoraman Supporter! Supporter

    A buyer and a seller. Error coins are always more difficult to price since by definition every one is unique. This quarter very well might be an error, I do not really know on this one versus the cent.
     
    medoraman, Dec 1, 2014
    #28 + Quote Reply
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  10. omar822

    omar822 Member

    I have held on to this one since 2002 and haven't seen another like it.
     
    omar822, Dec 1, 2014
    #29 + Quote Reply
  11. green18

    green18 Unknown member Sweet on Commemorative Coins

    What quarter?
     
    green18, Dec 1, 2014
    #30 + Quote Reply
  12. green18

    green18 Unknown member Sweet on Commemorative Coins

    Oh, that quarter? Well, after knocking my neck out of wack, straining to see something, I perceive nothing amiss......
     
    green18, Dec 1, 2014
    #31 + Quote Reply
  13. omar822

    omar822 Member

    20140720_133216.jpg This one
     
    omar822, Dec 1, 2014
    #32 + Quote Reply
  14. green18

    green18 Unknown member Sweet on Commemorative Coins

    Ever see a kid with a chisel and a hammer?
     
    green18, Dec 1, 2014
    #33 + Quote Reply
  15. green18

    green18 Unknown member Sweet on Commemorative Coins

    I've got to visit my chiropractor......Illuminate me. What the devil am I missing?
     
    green18, Dec 1, 2014
    #34 + Quote Reply
  16. omar822

    omar822 Member

    20140720_133216_1.jpg
     
    omar822, Dec 1, 2014
    #35 + Quote Reply
  17. omar822

    omar822 Member

    If you compare this quarter with a mother this part of the map looks different. Sorry for your straining. Hope this pic helps .
     
    omar822, Dec 1, 2014
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  18. green18

    green18 Unknown member Sweet on Commemorative Coins

    Oh , that? That's a closeup of the 'Hudson Plain' and the Shawangunk Ridge......
     
    green18, Dec 1, 2014
    #37 + Quote Reply
  19. omar822

    omar822 Member

    20140720_133216_1_1.jpg
     
    omar822, Dec 1, 2014
    #38 + Quote Reply
  20. omar822

    omar822 Member

    I haven't seen another quarter with that crack or chip what ever it is called.But the map is completed
     
    omar822, Dec 1, 2014
    #39 + Quote Reply
  21. GDJMSP

    GDJMSP Numismatist Moderator

    The simple answer, the coin market does.

    Nobody sits down and say this coin is worth that much or that coin is worth this much. It is instead a long drawn out process, a recording of history if you will. Coin values are determined by what they have sold for in the past over a long period of time. And they are not based on a single sale, but instead on an aggregate, not an average, of what they have sold for in many sales. And that establishes a price range, rather than a given price.

    First sentence, yes and no. I say that because it is an over-simplication. Second sentence, while I understand what you are saying, every coin is unique, not just errors.
     
    GDJMSP, Dec 2, 2014
    #40 + Quote Reply
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