Joy, I'd like to ask you a question and hopefully get an honest answer. Are you just looking to strike it rich with an error coin, or seriously becoming a collector? You ask for us to value your coins, hoping they are worth more than face value, but don't seem to be putting a lot of effort in learning how to do it yourself. Just asking.
I'm making coin collections for my grand kids and do t care about money I own my own business just like to know which ones are worth saving and I can't get enough on finding error coins or antiques I have a vintage elephant bell that I treasure because I've never seen one and won't part with it.
Very nice, Joy. I'm sure you're very proud of the wee ones. That said, if collecting for them and not concerned with value, perhaps just collect coins YOU like. The sad fact is that the vast majority of collections intended for children's futures end up being worth little to nothing and is something I've personally witnessed over decades. The true value in such collections is in the person it came from, meaning your grandkids should cherish what you give them not because of what it's worth to someone else, but because it came from your heart.
I totally agree my granddaughter likes rocks and bugs so my pyrite is hers she's only three and can keep up with them just yet my grandson will be a year old in August and his mom and dad have silver dollars and gold dollars for him and yes if I received a coin worth a lot of money it would go into there accounts someone on here asked me once why I kept a cent when it wasn't worth anything its because it's different and I don't care it will be kept
I'm leaning towards die gouge or tooling mark based on the shape and location, but it could just as easily be a crack like @paddyman98 said. Regardless, it doesn't have much value over face. That being said, I think it's an interesting minor error and if I found this in change, I would probably keep it.
I agree with @BooksB4Coins. There is a high probability that you're grandchildren will have no interest in coins. I started collecting coins when I was a 6 and stayed active in the hobby for over 45 years. I used to give my kids the new state quarters, wheat cents, Bicentennial coins, etc, but none of them ever became interested. I have 8 three-ring binders full of common foreign coins that I put in 2x2s and identified in the hopes that it would give the kids a jump start to collecting (I would have gone nuts if someone gave me that stuff when I was 10). I still have all the binders, nobody wants them. You should also remember that even though errors are hard to find, the vast majority of things you get in change are generally worth very little. STill fun to save, but you're not going to get rich
I know I have a Jamaican dollar and a lot of Canadian cents and Mexico's silver coins and love them all I even like my wooden nicklefrom 1964
If my grandkids won't in the future likely safe coins I will just cash them in and put it in the bank I also collect old cast iron and my kids aren't even interested in them even though some are worth about 350 each but I will just keep them and pass them down I know coins are like baseball cards they fluctuate
It is in your best benefit to read for a while on the minting process and grading. I am not saying don't look at coins, but get yourself more acclimated to the process's that need to be learned in order make money from a coin. Something that most newbies don't understand is that the grade of the coin, will always matter more that the actual Error, or Variety itself. The better the grade the t=better the price. Let's put into these terms, Below is a retained interior die break, This coin is actually attributed three times in cuds on coins. It is a retained interior die break, an Interior die break and a has a cud. http://cuds-on-coins.com/wp-content/uploads/2013/09/73072600-300x2961.jpg It is absolutely beautiful and in Mint uncirculated grade. Worth? What someone will pay for it. Let's say $20 to $50 now lets say the grade (details) of this coin was circulated. More like this one. This is a 57D with multiple die chips on the obv. I haven't seen this one in hand in a while so I will do the best from my photos. Do you see the wear on the high points of Lincoln? (discoloration) Cheek bone, fore head, hair etc. And the multiple deep marks from circulation (damage). This would be graded XF45 to AU50. It has a very dull luster in the fields, the only full mint luster resides next to devices (letters, portrait, wheat stalks) the rest has mostly been worn away. This one is much less worthy of a high price because it has been circulated. It still may have a cool factor to some, but for the folks that are willing to pay top dollar? They have seen others that make this coin much less note worthy, and wouldn't touch it, unless it was cheap enough.
