Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Error Coins
>
25C - Clamshell Lamination - A Different kind of Lamination - Thread #7
>
Reply to Thread
Message:
<p>[QUOTE="Conder101, post: 2987874, member: 66"]As general rule a significant error on a key or semi-key date is a white elephant*.</p><p><br /></p><p>You have to think about who your market for such a coin would be. First thought would be those that collect that series. The people who collect that series want a coin as close to perfect as possible for the grade for their set. They don't want a "defective" coin or one with an error on it. So that eliminates a large portion of the market.</p><p><br /></p><p>Next thought would be error collectors. The problem here is that they just want a nice example of the error, they don't care what coin it is on. So they are not going to be interested in paying much of a premium over what the error is worth on a common coin just because this one is on a scarce coin. They don't care about the coin, just the error. So that eliminates most of the rest of the market. And you are stuck with a coin that no one wants.</p><p><br /></p><p>About the only way to get a premium price for it is to find someone who is collecting the series, and who wants every coin in the set to have a major error. People like this are scarcer than hens teeth,and possibly rarer that key dates with major errors.</p><p><br /></p><p>*White Elephant. In India a white elephant was considered to be sacred and all belonged to the local ruler. If a subject was gaining too much power, money, and influence the ruler would make a gift to them of a white elephant. Being sacred it had to be pamper and well taken care of, and of course could not be used for any work by which it might help pay for its very expensive upkeep. Often the gift of a white elephant would eventually be the ruin of the recipient. </p><p><br /></p><p>Today a yard sale might be referred to as a white elephant sale, or you may see a white elephant gift exchange. Basically an exchange of items that no one really wants.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 2987874, member: 66"]As general rule a significant error on a key or semi-key date is a white elephant*. You have to think about who your market for such a coin would be. First thought would be those that collect that series. The people who collect that series want a coin as close to perfect as possible for the grade for their set. They don't want a "defective" coin or one with an error on it. So that eliminates a large portion of the market. Next thought would be error collectors. The problem here is that they just want a nice example of the error, they don't care what coin it is on. So they are not going to be interested in paying much of a premium over what the error is worth on a common coin just because this one is on a scarce coin. They don't care about the coin, just the error. So that eliminates most of the rest of the market. And you are stuck with a coin that no one wants. About the only way to get a premium price for it is to find someone who is collecting the series, and who wants every coin in the set to have a major error. People like this are scarcer than hens teeth,and possibly rarer that key dates with major errors. *White Elephant. In India a white elephant was considered to be sacred and all belonged to the local ruler. If a subject was gaining too much power, money, and influence the ruler would make a gift to them of a white elephant. Being sacred it had to be pamper and well taken care of, and of course could not be used for any work by which it might help pay for its very expensive upkeep. Often the gift of a white elephant would eventually be the ruin of the recipient. Today a yard sale might be referred to as a white elephant sale, or you may see a white elephant gift exchange. Basically an exchange of items that no one really wants.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Error Coins
>
25C - Clamshell Lamination - A Different kind of Lamination - Thread #7
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...