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<p>[QUOTE="bhp3rd, post: 825983, member: 16510"]This is "one of the side effects of die varieties and errors" is you pile up a lot of stuff that's neat but has no, or little premieum. It's just the way it is.</p><p>A quick story them I got to go.</p><p>15 years ago when I first got into searching for doubled dies and RPM's and such it began to dawn on me that although this stuff truly is "a die variety" (and or error) there few folks wanting the minor RPM's and doubled dies. There is thousands more of these dies than collectors of such. Arnie Margolis, "The Error Coin Encyclo.") told me this very thing once and I dismissed at the time. He was right.</p><p>I bet I've searched over 10,000 BU Lincoln bank rolls, a dozen or so mint sewn bags, and another 6,000,000 circulated cents since that time. I began to pile up rolls of BU 1959 thru 1963-D RPM's all attributed and true die varieties but what was I going to do with 17 rolls of 1960-D RPM 177 (in Wexler's file) at the time???</p><p>One day while considering the 200 or so BU rolls of this stuff it dawned on me, "I've got more than all the die variety people in the world or who are out there want"!</p><p>I sold them in bulk and got about .7 cents each and was glad to get that!</p><p>I learned just because a coins a minor error, RPM or true doubled die does not make it worth much or even any extra money.</p><p>That's when I learned it's the rare coins that bring the money and the common ones do not. The rare ones are the bigger ones in Cherry Pickers Guide that bring "the money". The reason is they have "main stream appeal"!!! They are sought by both regular and die variety collectors.</p><p>Since then I have found and sold coins I paid $11 for for $2000, coins I paid $15 for for $150 and so on, hundreds and hundreds of times over.</p><p> </p><p>The wrong direction but not totally useless is to look at the coins first for errors and varieties then the book. This gives you learning (by looking) but it does not lead you very far in finding the real $$$$ coins or even understanding them.</p><p> </p><p><b>My best suggestion for a new person in errors and die varieties is to buy the book, buy the book, buy the book!!! Get The Error Coin Encyclopedia by Margolis, Get The Cherry Pickers Guide by Fivas/Satnton, study the books, learn the die making process and minting process, find out the coins that are not also rare but bring good money and then go search your coins. That way you have a knowledge and background established to know a coins worth and which ones deserve or warrant further investigation before having to question every single thing you find.</b></p><p><b>There is only so much time in a day and I know because I have searched as many as 3000 Lincoln's a day on a thousand different days. To find good stuff your gonna need to look at a lot coins and you cannot afford to waist much time on coins that are just going to sit in a tub because they are so minor.</b></p><p><b>One more thing, if your going to try and find good coins start with good coins. BU rolls, (of wheat cents or memorials), proof and mint sets are you best bet all around because condition is everything and you might as well start with good stuff because that way you have leg up when you do find something. </b>[/QUOTE]</p><p><br /></p>
[QUOTE="bhp3rd, post: 825983, member: 16510"]This is "one of the side effects of die varieties and errors" is you pile up a lot of stuff that's neat but has no, or little premieum. It's just the way it is. A quick story them I got to go. 15 years ago when I first got into searching for doubled dies and RPM's and such it began to dawn on me that although this stuff truly is "a die variety" (and or error) there few folks wanting the minor RPM's and doubled dies. There is thousands more of these dies than collectors of such. Arnie Margolis, "The Error Coin Encyclo.") told me this very thing once and I dismissed at the time. He was right. I bet I've searched over 10,000 BU Lincoln bank rolls, a dozen or so mint sewn bags, and another 6,000,000 circulated cents since that time. I began to pile up rolls of BU 1959 thru 1963-D RPM's all attributed and true die varieties but what was I going to do with 17 rolls of 1960-D RPM 177 (in Wexler's file) at the time??? One day while considering the 200 or so BU rolls of this stuff it dawned on me, "I've got more than all the die variety people in the world or who are out there want"! I sold them in bulk and got about .7 cents each and was glad to get that! I learned just because a coins a minor error, RPM or true doubled die does not make it worth much or even any extra money. That's when I learned it's the rare coins that bring the money and the common ones do not. The rare ones are the bigger ones in Cherry Pickers Guide that bring "the money". The reason is they have "main stream appeal"!!! They are sought by both regular and die variety collectors. Since then I have found and sold coins I paid $11 for for $2000, coins I paid $15 for for $150 and so on, hundreds and hundreds of times over. The wrong direction but not totally useless is to look at the coins first for errors and varieties then the book. This gives you learning (by looking) but it does not lead you very far in finding the real $$$$ coins or even understanding them. [B]My best suggestion for a new person in errors and die varieties is to buy the book, buy the book, buy the book!!! Get The Error Coin Encyclopedia by Margolis, Get The Cherry Pickers Guide by Fivas/Satnton, study the books, learn the die making process and minting process, find out the coins that are not also rare but bring good money and then go search your coins. That way you have a knowledge and background established to know a coins worth and which ones deserve or warrant further investigation before having to question every single thing you find.[/B] [B]There is only so much time in a day and I know because I have searched as many as 3000 Lincoln's a day on a thousand different days. To find good stuff your gonna need to look at a lot coins and you cannot afford to waist much time on coins that are just going to sit in a tub because they are so minor.[/B] [B]One more thing, if your going to try and find good coins start with good coins. BU rolls, (of wheat cents or memorials), proof and mint sets are you best bet all around because condition is everything and you might as well start with good stuff because that way you have leg up when you do find something. [/B][/QUOTE]
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