Is anyone else seeing a lot of waffle cancelled coins on the market?

Discussion in 'Coin Chat' started by Mountain Man, Feb 24, 2022.

  1. Mountain Man

    Mountain Man Well-Known Member

    Perusing the auctions, I am seeing many, many more slabbed (ANACS) waffle cancelled coins. Did I miss the announcement to flood the market with them? Maybe someone got a hold of a waffle canceling piece of equipment and is producing these and then having them certified?
    Is anyone else seeing this?

    image.jpeg image.jpeg

    And too many others to even list.
     

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  3. charley

    charley Well-Known Member

    It has been and is being discussed. Sometimes, things are not what it is assumed they are.
     
  4. John Burgess

    John Burgess Well-Known Member

    I think people bought them, and they are sitting there, and someone sold one and it sold good, so now everyone is trying to offload off of the sale price of the one coin.

    I'd just say the more identifiable the better, and if you can identify the error that got it waffled even better, the dollars and quarters are the most common and I rarely see cents nickels and dimes.

    there was a recycler that was getting this scrap and found a way to make an extra couple bucks of it rather than just scrap it.

    Like this one,,,, this one is an amazing piece to get your hands on in my opinion.
    https://coins.ha.com/itm/patterns/-...elled-ms60-anacs-total-2-coins-/a/1204-6111.s

    Struck with the Mt. Vernon Martha Washington "nonsense" trial dies.
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Someone put together their own waffler, after realizing that a "canceled" coin could be sold for a good bit more than an intact one?
     
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  6. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    George Foreman!
     
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  7. 1stSgt22

    1stSgt22 I'm just me! Supporter

    I just seen 3 cancelled state quarters in an antique store for about $125.00! They were in a nice wooden display box! I was tempted but passed! Should I go back and buy them tomorrow?
     
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    Offer the dealer $100.00 cash for them. I would. With cash they are likely to avoid the credit card fees. But $125.00 isn’t too bad a price either. Most antique dealers ask more for coins than they are worth as they have no idea. I sell coins in my antique shop but I ask reasonable prices as I know what they are worth.
     
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  9. -jeffB

    -jeffB Greshams LEO Supporter

    Are waffled standard-issue coins (as opposed to patterns) really worth THAT much of a premium? I had the impression that they were pretty common now.
     
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  10. 1stSgt22

    1stSgt22 I'm just me! Supporter

    I don't know! That's why I asked if I should go back!!!
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    Looks to me like slabbed ones are going for less than $33 on eBay (not always, but sometimes).
     
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    That’s why I said offer $100.00 but $125.00 isn’t too bad, especially if you can identify the coin that’s been waffled to cancel it.
     
  13. John Burgess

    John Burgess Well-Known Member

    I'd offer $60 for the lot. The waffled quarters are common. it's a good buy at $20 each.

    I think $25-30 each is likely just about retail, $40 each, is a stretch, and yeah, they aren't antiques.... if he feels better he could keep the display box to sell seperately. LOL.

    this one sold on ebay on March 6th for just under $70.
    https://www.ebay.com/itm/2653240390...=true&nordt=true&rt=nc&_trksid=p2047675.l2557

    the "wooden display box" screams overpriced home shopping show junk and yeah, folks can't expect to get what they paid HSN for any of that.
     
  14. delila1

    delila1 Undermedicated psychiatric patient


    In my opinion too much money I bought 100 of them Pcgs S or NGC I can’t remember which I bought them for $10 each. This was roughly 8 or nine years ago I have a lot of trouble believing that these things went up that much in value and there are tons of them out there Monix is the one who sold it to me last time. For what it’s worth.
     
  15. baseball21

    baseball21 Well-Known Member

    You have to keep in mind though that you got a bulk price. 100 should always be cheaper per item than 2 or 3
     
  16. delila1

    delila1 Undermedicated psychiatric patient

    I did keep it in mind they were $10 each. Unlimited purchase no minimum
     
  17. green18

    green18 Unknown member Sweet on Commemorative Coins

    Who pays good money for purposely damaged goods? Certainly not this old sod. And graded too? Cripes.........
     
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