If that were slabbed without a "Details" grade that would go for around $70 in VF. Anything before the 1920s 15% off-center or more sells pretty well in XF and higher. When they are damaged, that's where you get more inconsistent sale prices and demand drops. Minst State examples around MS63 go for well over $175, and if RED instead of RB or BN can tack on up to twice that much. MS65 and higher in RD can be $400+
Well, I don't want to say I "wouldn't" buy it. I will say there are a lot of these to choose from, and I prefer one that isn't damaged. At some point, the coins we have will be sold either by us or by our heirs who have no interest in them. Damaged coins are tough to sell. If you think about it, there really aren't that many serious coin collectors who actually pay more than $50 for a coin. And compared to traditional collectors, a fraction collect Mint errors. And not many of that small number will pay $50 for an error. Even fewer than that will put money into a damaged coin, as the market is microscopically small to begin with. So do I want a damaged coin? Not particularly. My only exception would be a transitional error (1965 silver dime, etc.)
I was just thinking is there a way to figure out when it was slabbed! Just wondering how long it was in circulation before it was slabbed!
I added up the 2019 price guides info: $12 for off center Lincoln cent 95% copper + about an MS-47 for condition = $13. You're looking at $25 and up for it, just like Paddyman said.
Exactly how you do arrive at that? What price guides? And what is MS47? There is no way any of your information is correct.
The 2019 RED BOOK by R.S.Yeoman, pg.436 Misstrikes & Errors: 3rd row 5th column, $12 off center wheat cent + guessing the grade at page 130 at AU-50 $13. Generously, you'd pay $10 and up for a holder with it being graded. So $35 value or better. Retail, you're looking at $61.25
I read them since 1978, lol. The stories were fun to gaze at, then I learned about Gray Sheets. What a nightmare. Also, the old addage of buying by the RED & Selling by the Blue Books was because they used the information for retail stores to get an advantage over the current market to pay for their employees, and taxes.
Guessing the grade? It says VF details for the 1916. Also, copper Wheaties could be as late as 1958 - can't compare that to a 1916. Redbook is great, but very limited for error info.
Some errors do reach into the multiples of thousands of dollars, it states that info too. It explains more than you give it credit for. What's your source of info on errors and misstrikes, please?
I agree with the auction price, they dropped the old Buy by the RED & Sell by the Blue years ago. Was just going by what I knew at the moment. The Mint News is a better source of info, that's correct. I would like to get their info too. Do you have a link to share please?
I googled it. https://minterrornews.com Thanks for sharing. I'm looking at the cent over dime double denomination, good reading info. Thanks
You have what? There are no real double denominations for $10.00.. Especially a Cent struck on Dime error.