What if i had a theory about how a error was made???

Hey!

 

Log in or Sign up to hide this ad.

Is that you Tim?

 

washington

 

I think this analogy isn't good enough. Those eight-cylinder engines are demanded because there is a logical reason about it, more power, more useful, more utilitarion. What about error coin? What error in an error coin makes it more valuable? This has been a question in my mind for centuries, well, ok, for months that's my history in this coin collecting field which I view as subjective field.

What error makes an error coin more valuable?
For example. I read this somewhere on the net: "... 1969-S Lincoln Cent With a Doubled-Die Obverse... This particular doubled-die coin is one of the rarest coins around. When these doubled-die error coins were first discovered, the Secret Service confiscated them. After the coins were confiscated, the U.S. mint admitted the error. Ever since, these coins have been legendary..."

So, if Secret Service hadn't confiscated them, if the US mint hadn't made any response about the error, then, these coins wouldn't have had been legendary error coins at all. Right? So, I see that it is not the error itself that has been making an error coin valuable. Rather, it is due to challenges between the "governmental authorities" including the mint people and the folks. Questioning the governmental authorities and finding their errors have been popular things among the folks all over the World in all history, but, what about the folks? Folks have not been doing any error? (Yes, I connected this too to the error in the one cent coin which the folks don't have it in their pocket. If this thread does not end up a discussion worth to be talked, still, I thank OP for this thread for questioning these here.)

 

I feel this has been widely known in the hobby since what seems like forever:

1) Obviousness. An error that requires high magnification to see will always suffer in value.
2) Unusualness. "Same stuff, different year" depresses value.
3) Radicalness. I fit won't fit it a normal holder, it's gonna go up in value.
4) Escape from Hobby. If it makes general media, it goes up in value.

And best of all, if more people want one than there are pieces around, it gets valuable. If almost nobody cares, it's a loser. Supply, and especially DEMAND.

Bottom line? Throwing a gazillion power of a digital microscope at pocket change is NOT anybody's path to riches. Sorry, Ken Potter, it just isn't. It may sell books, which is good for Ken Potter, but, well, you know.

 

Just for grins and giggles, can we see the reverse of the coin as well?

 

Shhh. The reverse is a trade secret. There is discovery credit at play here, after all.

 

Does the technique include the flat file or rasp that was used as a surface treatment on the obverse?

 

So, if we summarize, for an error in a coin to be valuable error, the error must be obviously unusual radical mediatic error? Thumbs up (lol).

As for Supply and DEMAND; I've never heard anyone demanding error. If I were a mint manager, and if I wanted the mint to make more profit, I'd form a special department to make some fascinating errors. (hmm, maybe, there are some already doing suchs?)

Ps: I won't answer/say anything about "Ken Potter", brother of Harry Potter who @Kentucky mentioned before? or, whoever he is.

 

I say Scooter gets all the credit for discovering this error. In fact, we can rename this entire thread, "Scooter's Big Ol' Honkin' Error", okay? We good?

 

Do you read at all? Or even get out of the house occasionally? Ever log off of the stupid Internet? Ken Potter wrote, to the detriment of the entire coin hobby, a tome called "How to Strike It Rich With Pocket Change". He should be forced, in my opinion, to EAT every copy out there, for the damage he has done to this hobby's reputation through that one book. Not that I'm bitter...

 

Interesting Cent
I see 4 things -

Contrast
Repetition
Alignment &
Proximity

 

Bravo!

It's about time a greater light is shined upon this nonsense. The book is an utter disgrace to this hobby, and is particularly so coming from a man who both supposedly supports and has a known "name" in this business. Not only that, but was targeted towards giving false hope to those who can least afford it, and all while offering absolutely nothing of any real value within.

Eating every copy printed is too lenient a punishment, though; reversing the direction seems much more fitting to me.

 

I go out occasionally, now, gone to the forest of Amazon through Google and found this: https://www.amazon.com/Strike-Rich-Pocket-Change-Error/dp/1440235708 - 141 customer reviews, 4,6 out of 5 stars rating. So, there is demand for his book and he is already on the way to become a rich with the error, anyway, while the entire coin community see him doing error by writing such a book.

Anyway. I see, he is an error master. (OP, you better contact him.)

 

The only thing for sure about Potter was the book mentioned, trash. But his knowledge of the hobby is vast. He should just not write books like "Strike it Rich....".

 

Kurt, with all the due respect I can muster, I am not going to debate with you on the 1999D post. Here, in this post, you stayed on track for the most part, this I can respect. I am hard pressed however, to understand why this thread has gone on for 3 pages thus far. My, my.

 

Tommy, I don’t see how you have the stomach for thread upon thread upon thread of this “errors which are not” garbage. Yes, this isn’t exactly where to obtain a doctorate in numismatics, but really, where do you get the stamina for it?

 

Mostly because when I started I made the mistake of taking Frank Spadone's book to heart being a newbie. Only to later discover what I had done wrong and be disappointed by his mistakes and mine. Now that I'm retired I can spend the time to repeat the things over and over again to try and do a little to steer others in the right direction. Guess I have not yet reached that dreaded "jaded" old age thing yet. (only speaking for myself) I can understand your frustration, it can indeed be frustrating. But not working 12 hour days anymore has helped out a lot for sure.