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Error Collectors and Dealers: What's Your Opinion Concerning Errors on Key Dates/Mintmarks?
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<p>[QUOTE="Fred Weinberg, post: 4019022, member: 86437"]Always an interesting topic -</p><p><br /></p><p>Last week I sold in a Heritage Auction, a 1942/1 Mercury Dime, NGC VF-35.</p><p><br /></p><p>It sold for $625 total.</p><p><br /></p><p>Greysheet is $345 for VF-30, and $430 for an XF-40, so we can assume, for</p><p>our discussion, that a VF-35 would GS for about $385 if there was a column for that grade.</p><p><br /></p><p>So, in this case, the coin brought roughly a 60% premium over the non-error value.</p><p><br /></p><p>In 1974m, when I had the Bolt Collection of Errors, there were at least a half-dozen</p><p>Gem, nicely toned 1921 Mercury Dimes, about 10-15% Off center.</p><p><br /></p><p>At the time, the normal coin was worth about $1,100-$1,200 or so.</p><p>I could only sell them for $700-$800 each, at the time.</p><p><br /></p><p>Today, a major error (not a struck thru, lamination, etc.) on a Key Date coin</p><p>would bring a nice premium, due to many changed factors, such as Certification</p><p>(they 'fit' into a collection of PCGS/NGC coins), collector taste (rarity is more appreciated, as are error coinage now), for example.</p><p><br /></p><p>There are many other 'rare' coins with errors that bring good premiums,</p><p>for major mechanical errors on them, not minor errors.</p><p><br /></p><p>Just my two cents worth[/QUOTE]</p><p><br /></p>
[QUOTE="Fred Weinberg, post: 4019022, member: 86437"]Always an interesting topic - Last week I sold in a Heritage Auction, a 1942/1 Mercury Dime, NGC VF-35. It sold for $625 total. Greysheet is $345 for VF-30, and $430 for an XF-40, so we can assume, for our discussion, that a VF-35 would GS for about $385 if there was a column for that grade. So, in this case, the coin brought roughly a 60% premium over the non-error value. In 1974m, when I had the Bolt Collection of Errors, there were at least a half-dozen Gem, nicely toned 1921 Mercury Dimes, about 10-15% Off center. At the time, the normal coin was worth about $1,100-$1,200 or so. I could only sell them for $700-$800 each, at the time. Today, a major error (not a struck thru, lamination, etc.) on a Key Date coin would bring a nice premium, due to many changed factors, such as Certification (they 'fit' into a collection of PCGS/NGC coins), collector taste (rarity is more appreciated, as are error coinage now), for example. There are many other 'rare' coins with errors that bring good premiums, for major mechanical errors on them, not minor errors. Just my two cents worth[/QUOTE]
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Error Collectors and Dealers: What's Your Opinion Concerning Errors on Key Dates/Mintmarks?
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