I'm not sure I'm wording the question right but this is what I'm wanting to know. Coins that have die chips, die cracks, cuds, clashes or rotated reverses are errors but do they demand a premium? Or is it just a matter of preference to the buyer if he/she is willing to pay for said error? Also which of these is more common?
Any coin, no matter rarity, die cracks, doubled die, toned, etcetera, is only worth what someone will pay for it. There are people that seek and collect many different things in coins. There is a market for everything, but you have to make an effort to find or create a market for what you are selling.
You might see error specialists like Fred Weinberg advertising certain errors for hundreds of dollars, but it really boils down to what someone is willing to pay for it. You might see an error sell for just a few dollars on FleaBay because there was only one person who really wanted it, but a few days later, a similar error might sell for moon money because two or more bidiots were chasing it. Chris
Out of the five errors you mention, I would say chips and cracks are the most common. But again, it all depends on the type of coin and date.
This is where education and experience come into play as these are specialists markets. For general coin buyers, those errors are just oddities at best, and negatives at worst. But the price depends on if there is a market for them. Cuds generally have a market on any coin as there are cud collectors, but with that said, rare cuds on large cents can command a huge premium, while on Lincolns they may be a small one. Again, there is no set in stone answer to your question, it will depends on how much of a specialist collector base there is for that particular error, and only other specialists will be able to comment...
Thanks I appreciate the replies. I save any I find and have even bought coins that had clashes when I could get them as cherrypicks. I just didn't know other than cuds if there was much of a demand for the others. I know there is a website that is dedicated to cuds and keeps records of them but the others I haven't seen much information on.
As stated above, demand is subjective. These might be helpful if you haven't already seen. http://coinauctionshelp.com/page14.html#.V7Hps7W5y-p http://www.maddieclashes.com/ http://errorvariety.com/index.html
In a nutshell, if you don't know the market for what you are selling, you probably cannot find the strong money.
One of the more rare errors is to find a coin struck through cloth. (This coin has a reverse rim error also.) I bought this one raw ($10) and had it slabbed. I posted this in another thread I started and naively invited others to show coins they had that were struck through cloth. I learned that there are really not many out there. As far as a value for something like this, there is no formula. My approach with all error coins is I look for an error-type I am interested in as a collector. I will pay a premium (not too big) for one I like. I don't think in terms of buying and selling in the immediate future for a profit: I buy the coin as a collector. Anyway, it is all part of what makes coin collecting interesting.
My favorite error has always been clipped planchets. They are MUCH easier to spot than most other errors and even non-coin collectors usually appreciate them.
I have plenty of Clipped Planchets.. But have you ever seen a Ragged Clip Edge Planchet? This is from my collection -
That ragged clip is cool. I have some clipped coins but actually wouldn't buy one until I researched how to tell if they were original or faked. I forget the term as I'm sitting in the cardiologist office but is some kind of effect opposite the clip. I'm sure y'all know what I'm referring too. Sent from my iPhone using Tapatalk
It's called the Blakesley effect I want to share this webpage with you - http://koinpro.tripod.com/Articles/CurvedClipDiagnostics.htm
It totally depends on the right circumstances IE I sold a 83 Lincoln cent with a cud that was in average circulated condition for almost 5 times the amount I sold a Wv state quarter with a cud that was in BU condition, the cent had several bidders while the quarter only had 1. Errors are very hard to determine a true value.
Not only had I not seen a ragged clip edge planchet, I had not heard of it before today. Extremely nice! Thank you for sharing it.
Here is some info for you. I want to share this webpage - http://www.error-ref.com/ragged-clips/e And you're welcome
Thanks I knew it had a name but just couldn't remember it. Sitting in the cardiologist office can be stressful as well as distracting. I was just trying to keep myself busy on the phone. CT is kinda like therapy and education all in one. Thanks got the link also. Sent from my iPhone using Tapatalk
