error orientation penny 1931-D

Discussion in 'Error Coins' started by gianni, Jan 13, 2019.

  1. Kentucky

    Kentucky Supporter! Supporter

    You are welcome to buy whatever you want.
     
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  3. Spark1951

    Spark1951 Accomplishment, not Activity

    If you want to misrepresent your coin and sell it to someone who doesn't know any better, that's on you.

    What you don't want to do is say Fred Weinberg gave you bad advice. "who says this?"...Fred says this!. He is one of our resident error experts and if he says your coin has no premium then it has no premium!

    Spark
     
    Kasia and Kentucky like this.
  4. Sullysullinburg

    Sullysullinburg Well-Known Member

    No one is saying it’s impossible for anyone to ever pay that, but generally speaking, something like this doesn’t bring much of a premium. This is not a major error or variety and it’s not in great condition. You can feel free to try and sell it and prove us all wrong if you like but this has gone on far too long.
     
  5. gianni

    gianni Active Member

    many people do not buy because the price says mister xxxx but because attracted by an uncommon specimen. for example I would NEVER buy a double die does not tell me anything, I like rarity and the 1931-D penny is always a historic event to mint just 5 million pieces. from 1932 onwards there are no penny coined on those numbers and if a collector wants some rarity must go from 1909 to 1931 you can not go further. this has a value that you do not imagine but maybe you'll understand in 20 years and if I had to choose today to buy a penny 1931-D I would buy it without much thought. The market of double die being only trendy maybe in 50 years all worth 10 dollars, but I am sure that a 1931-D in 50 years nobody can devalue the currency and even multiply my investments exponentially
     
  6. gianni

    gianni Active Member

    if you think you can unmotivate you will NEVER fail, I will NEVER sell the 1931-D penny for 10 dollars and if you have it I'm happy to buy yours for 20 dollars. Thank you
     
  7. Fred Weinberg

    Fred Weinberg Well-Known Member

    I think you might be confused a bit -

    Your 1931-D Cent is worth what a circ. 1931-D cent is worth.

    I said that it has no premium as an error coin (at least here in the US)

    It's your coin, and you are welcome to value it as you please - that doesn't
    mean it's worth what you value it for....but you can price it at any price
    you'd like to, because you own it.

    My congratulations to you
     
    Pickin and Grinin and Kentucky like this.
  8. gianni

    gianni Active Member

    I'm sorry I do not agree with you! the coin has a misalignment error that others do not present, unless we demonstrate other pieces, it can be a small error 20 ° / 30 ° that today is not considered by analysts (and perhaps not by buyers) but it is always a variant with an error of uncommon coinage on an uncommon currency like the 1931-D penny.
     
  9. Fred Weinberg

    Fred Weinberg Well-Known Member

    It's well within OMT - Official Mint Tolerance. So it is not an error coin ... period

    As mentioned, because it's your coin, you can think anything
    you'd like to about it - in your world.
     
    Spark1951 and Kentucky like this.
  10. Kasia

    Kasia Got my learning hat on

    @gianni Fred is one of the pre-eminent coin error dealers. You don't have to agree with him, but you are turning your back on someone with more experience than you could possibly ever hope for.

    Also, it seems all you are interested in is telling everyone how wonderful your coins are and complaining when you don't get your opinion confirmed. Then you go off on people. Totally unproductive in any positive way.

    I am now pretty much on the sidelines, gobbling my popcorn and having fun watching this train wreck unfold.
     
    Dynoking likes this.
  11. gianni

    gianni Active Member

    be the law of the markets NEVER buy when others tell you, BUY instead when others tell you to sell. I think that an uncommon misalignment on other coins is a big advantage. but I do not think this on this coin but in general on all the coins even if they are not mine, for me to be a plus bonus
     
  12. gianni

    gianni Active Member

    THE RULES
    In a normal U.S. coin the obverse and reverse are struck in such a manner that if you are looking at the obverse image right side up and flip the coin over the reverse image will be right side up.
    Classifications of rotated dies can be as high as 180 degrees. Since it is unknown which die, the obverse, reverse, or combination of both, was out of place, the error is referred to as a "rotated dies" mint error.
    The U.S. Mint allows for an error margin of less than 8 degrees. Rotated die errors are usually not collectible unless they are at least 15 degrees
     
  13. Fred Weinberg

    Fred Weinberg Well-Known Member

    Sorry, but your info in the above post is incorrect.

    I've been to the Mint - and as I posted for you earlier,
    US Mint tolerance is 27 degrees -

    They are not collectable, here in the US, unless the rotation
    is at LEAST 45 degrees, and even most of those, in most
    denominations, don't bring huge premiums as error Rotated Reverses.

    Maybe your countries Mint tolerance is 8 degrees, but not for
    the US Mint. Maybe you have collectors who collect 15 degree
    rotations, but again, not here in the US.

    Here in the US, your 1931-D cent is worth what a normal
    1931-D Cent is worth.

    Hope this info helps.....
     
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