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2018 lincoln cent error worth?
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<p>[QUOTE="Oldhoopster, post: 3141440, member: 84179"]You are correct that people are buying them on ebay for exorbitant amounts. However, you need to ask yourself, are these knowledgeable collectors buying a truly rare coin that they want for their collection, or are they speculators hoping for a quick flip, or uninformed collectors who have not done the research?</p><p><br /></p><p>It’s been pointed out that the “Errors” you see are due to overworked dies. The mint, like any high volume manufacturer, is trying to make coins at the lowest possible cost. If you do some research, you’ll find the mint frequently uses dies to the point of overuse. Coins with these defects are common and can frequently be found in change. Due to the number available, and lack of a collector base actively looking for these to add to their long term collections, they DO NOT have any added value.</p><p><br /></p><p>Now, if you want to speculate and unload theses on ebay before the uninformed realize they have no market, that’s your business. But just like beanie babies, 90’s baseball cards, and tulip bulbs in the 1600’s, somebody is going to be left holding the bag when reality sets in and they find no long term collector market.</p><p><br /></p><p>I would strongly recommend following your own advice and do the research before telling people they don’t know anything. And let us know what the other, more experienced groups say about your coins. It's always nice to learn something[/QUOTE]</p><p><br /></p>
[QUOTE="Oldhoopster, post: 3141440, member: 84179"]You are correct that people are buying them on ebay for exorbitant amounts. However, you need to ask yourself, are these knowledgeable collectors buying a truly rare coin that they want for their collection, or are they speculators hoping for a quick flip, or uninformed collectors who have not done the research? It’s been pointed out that the “Errors” you see are due to overworked dies. The mint, like any high volume manufacturer, is trying to make coins at the lowest possible cost. If you do some research, you’ll find the mint frequently uses dies to the point of overuse. Coins with these defects are common and can frequently be found in change. Due to the number available, and lack of a collector base actively looking for these to add to their long term collections, they DO NOT have any added value. Now, if you want to speculate and unload theses on ebay before the uninformed realize they have no market, that’s your business. But just like beanie babies, 90’s baseball cards, and tulip bulbs in the 1600’s, somebody is going to be left holding the bag when reality sets in and they find no long term collector market. I would strongly recommend following your own advice and do the research before telling people they don’t know anything. And let us know what the other, more experienced groups say about your coins. It's always nice to learn something[/QUOTE]
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2018 lincoln cent error worth?
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