Coins were engraved with the wrong total mintage

Discussion in 'World Coins' started by ttl1900, Jan 4, 2018.

  1. ttl1900

    ttl1900 New Member

    I have on of the ART mint coins :’ 2016 Niue 5$ GREEK MYTHS "Oedipus and Sphinx”

    The mintage authorized for the issuer authority was 299 coins. As a matter of fact some coins were engraved with the wrong total mintage ( XXX/500 instead XXX/299).

    When the mint realized the error some coins were already distributed in the market. My coin is from this badge.
    Mint offers the replacement for another coin with the correct number engraved without costs.
    Should I keep the coins with engraved error? Or should I replace it?
    IMG_1660.JPG IMG_1661.JPG IMG_1661.JPG
     
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  3. vdbpenny1995

    vdbpenny1995 Well-Known Member

    I can't imagine this would hurt the value of the coin. However, I know nothing of this series I focus on vintage bullion. If it were my coin, I would keep it since its population would be much lower than the correct stamp population. Might be a super niche market to get a premium over a correct one, but I don't see any downside to keeping the error.
     
    princeofwaldo likes this.
  4. rickmp

    rickmp Frequently flatulent.

    I'd want the ones marked 300/500 or higher.
     
  5. Paddy54

    Paddy54 Well-Known Member

    Does the coa have the mintage number on it? If it reads 35/229 I simply keep all paper work and correspondence with the maker. The error may add value in the future. I would also buy another that has been numbered orrect.
     
  6. Browns Fan

    Browns Fan Active Member

    Would you mind giving a couple examples of your vintage bullion? Thanks
     
  7. vdbpenny1995

    vdbpenny1995 Well-Known Member

    Like companies? I try and get some of everything! Engelhard, Johnson Matthey, Foster, Silverfarm, Omega Refining, Bache, Hoffman & Hoffman, etc, etc
     
  8. Browns Fan

    Browns Fan Active Member

    I'm late to the bullion collecting fun, so when you said vintage, I wasn't sure how long bullion had been produced and what angles one might use to collect. All mine is undated.
     
  9. vdbpenny1995

    vdbpenny1995 Well-Known Member

    Oh yeah, well I focus on US vintage bullion which can go back at early at the late 1800's! Antique Chinese bullion bars go back hundreds of years. If you ever want some info on pieces you got feel free to shoot me a PM and ill assist where I can
     
  10. princeofwaldo

    princeofwaldo Grateful To Be eX-I/T!

    Anyone have a silver Talent from the old testament of the bible? The bars are mentioned several times, --weighs about 72 pounds each-- though I'm not sure if that is Troy pounds or not.
     
  11. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    Ha.. You incorrectly spelled the word correct.. :rolleyes:
     
  12. TheFinn

    TheFinn Well-Known Member

    An error in a discussion about an error. How erronic!
     
    paddyman98 likes this.
  13. Browns Fan

    Browns Fan Active Member

    All mine are undated.
     
  14. desertgem

    desertgem Senior Errer Collecktor Supporter

    I imagine that such from countries that really have them minted else such as these, it is a trick of advertising. They will somehow find enough if there is people wanting them, then excess goes on world bullion market. Rather like the goofy people on the TV coin auction channels.
     
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