If this coin is a result of an over polished die, why aren't other over polished die coins worth more than face value?
it all depends on what the over polishing does to the coin and whether or not it becomes an interest to collectors...take the 2005 detached leg bison for example, right now theres not much of an interest in it, but sometime in the future there may be, or if it gets added to a future cherrypickers guide then it may become a collectible, or if it turns out that there are like millions of them out there then it may never be worth more than 5 cents....
Thanks, Ken. I posted one on a 1990 P nickel that look as if the "L" ( Monticello ) were over another letter, there were people looking, but no responses. Is it just trash or what?
Polishing errors are common and as a rule are not worth a premium. Those few that do develop a following are due to hype and promotion, and more importantly if the company that makes the albums (Whitman, Dansco etc) put a hole for the coin in the album. If there was no hole for the 37 D three leg buffalo, or the 1922 no D cent, there would be very little demand and they would be just another curiosity. But since there IS a hole everyone feels they have to fill that hole so there is a lot of demand and high prices. Some people will say that the 22 No D would still be valuable because Philadelphia didn't make any cents that year. But Philadelphia didn't make any nickels in 1968, 69 or 70 and nickels for these years do exist with no mintmarks because of die polishing/filling and no one pays any attention to them. Put holes in the albums for the 68, 69, and 70 "P" nickels and I bet prices would explode.
That's because we have purchased and read a LOT of books, and studied a lot of coins. And some of us have been at it for a long time.