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1886 V Nickel Error Value?
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<p>[QUOTE="medoraman, post: 1197188, member: 26302"]FWIW, if the coin had been genuine it would have been worth less than a normal 1886 I believe. Its a hard trap, and have seen it many times. Error collectors like the errors and are not concerned about the date really. Date collectors collect by date the best example they can find. </p><p><br /></p><p>The example I remember readily was a 1914d penny, gem uncirc, about 40% offcenter. If normally struck, back then was worth about $1000. As a 40% offstruck penny, it was worth about $50. The seller wanted HIGHER than a 1914d price since he thought the two things should have been additive, but in fact they are mutually exclusive. for years he had this coin for sale, and I admit I looked at it in his case every show, since it was cool. I think he ended up selling it for between $75 and $100. In many ways higher end coins are just like ancients, where errors do not add to value, but significantly take away value, since perfectly struck coins are what are desired.</p><p><br /></p><p>Chris</p><p><br /></p><p>P.S. Btw, I am pretty sure you can "custom order" any date or denomination error nowadays from your friendly pseudo communist. Others posting here about that are correct, and I think it makes error collecting even more risky than regular coin collecting since due to the error I believe they are a little harder to catch.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1197188, member: 26302"]FWIW, if the coin had been genuine it would have been worth less than a normal 1886 I believe. Its a hard trap, and have seen it many times. Error collectors like the errors and are not concerned about the date really. Date collectors collect by date the best example they can find. The example I remember readily was a 1914d penny, gem uncirc, about 40% offcenter. If normally struck, back then was worth about $1000. As a 40% offstruck penny, it was worth about $50. The seller wanted HIGHER than a 1914d price since he thought the two things should have been additive, but in fact they are mutually exclusive. for years he had this coin for sale, and I admit I looked at it in his case every show, since it was cool. I think he ended up selling it for between $75 and $100. In many ways higher end coins are just like ancients, where errors do not add to value, but significantly take away value, since perfectly struck coins are what are desired. Chris P.S. Btw, I am pretty sure you can "custom order" any date or denomination error nowadays from your friendly pseudo communist. Others posting here about that are correct, and I think it makes error collecting even more risky than regular coin collecting since due to the error I believe they are a little harder to catch.[/QUOTE]
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