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<p>[QUOTE="Kevin Mader, post: 8207028, member: 106826"]1. Are there marker listings only for errors?</p><p><br /></p><p>Markers are a means to confirm a variety coin and for which die stage a variety coin is found in. Surely, they can be used for a non-variety coin (a normal coin), perhaps to establish the die stage/transition point for the specimen. I really haven’t thought of it in that context before.</p><p><br /></p><p>2. Is it really hard to find an example of what a regular strike would look like for a year? How do we differeniate between whats normal and what is not?</p><p><br /></p><p>Not hard at all. Each coin from a particular die starts out ‘normal’ and moves to a new ‘normal’ as the die wears. As you may have noticed at the sites we’ve been referring you to, coins are found at different stages during the life of a die. When you study a coin from an early die stage and compare it to another coin from the same early die stage, you’ll notice similarities and differences. What caused the difference? Was it a non-normal cause? If so, then maybe you have a variety or error coin.</p><p><br /></p><p>3. Or am I wasting my time because I am looking too hard?</p><p><br /></p><p>We all look too hard at the start of this journey. In a few weeks, you’ll see another newbie like yourself asking the same questions. In our excitement to find something, we look to hard at things…many times under overmagnification and poor circumstances (e.g., lighting, equipment, etc.). You’ll learn to dial it back, but for now, you are about par for the course or even steeper on the learning curve. You, asking questions like this, means you are adjusting your filters.</p><p><br /></p><p>4. Should I only be looking for the "holy grails" and toss everything else aside?</p><p><br /></p><p>If you are like many of us, we start with shorter lists, grow them to obscenely large lists, to dial them back to a reasonable risk. Some draw the line at the Red Book listings (akin to the holy grails, I suppose), but there are tons that aren’t listed by Red Book that are worth looking for. For instance, the Red Book listing for the 1995 P DDO is for the third most valuable DDO for the year (but the most readily available). There is another more moderate DDO for the date that is at or higher in value for 1995 P and the big one for the date is a 1995 D variant. If you only look for the ‘holy grails’, you’ll be missing a lot. However, digging down into the minor and very minor DDs will take longer and not return much on value…if value is your thing. Some of us like collecting lesser DDO/DDR specimens to fill out a date and for the interest in collecting…value be darned. So, creating a list and revising it often is my advice to you.</p><p><br /></p><p>5. How do I know what would be considered different if it's not a known error? Are finding new varieties even that important?</p><p><br /></p><p>If you stick with variety hunting long enough, you will eventually get an attribution to your name for a finding. Fun…but not necessarily that important. Clearly, if you find a discovery piece, you’ll have no references for it. That’s why it’s important to learn how coins are coined/produced and how varieties are created. Knowing what to look for will help you know if you have a variety, or a common coin. Also, make sure you understand the distinction between a Variety and an Error coin.</p><p><br /></p><p>6. With different die stages are LDS even sought after? Or ones that are way older with a lot of damage? Isn't it possible to accidentally pass up an error because of these 2 reasons?</p><p><br /></p><p>Yes, many variety coins are missed because they may be confused with some other potential cause. For instance, I found a ‘really worn’ 1939 Jefferson nickel. Tossed it into my hoard of old Jeffersons for a rainy day. When the rainy day came and I started to look for a Henning nickel, something that I had heard about in discussion, I was shocked to find that I had one. Looked like a beat up old Jefferson. What it was though was a counterfeit nickel, which look worn on the day it was coined, that had seen actual circulation wear and kind of blended in with the rest. Know what to look for kept me from releasing the most valuable nickel find in my collection. And as another example, I’ve found a few 2004 Jefferson Nickel DDOs. I was able to attribute these to Stages B, C and D. The only DDO stage left is A. So having a complete set of die stages for a particular variety interests me. Maybe not every other variety collector, but certainly me. And a question: Is an early die stage DDO in MS65 condition worth more than a late die stage DDO of the same year in MS67? Or MS65 even? It depends on the buyer and the objective that they have in mind.</p><p><br /></p><p>Trust me on this one: you will pass on a collectible coin at some point. Each of us has a horror story about the one that got away.[/QUOTE]</p><p><br /></p>
[QUOTE="Kevin Mader, post: 8207028, member: 106826"]1. Are there marker listings only for errors? Markers are a means to confirm a variety coin and for which die stage a variety coin is found in. Surely, they can be used for a non-variety coin (a normal coin), perhaps to establish the die stage/transition point for the specimen. I really haven’t thought of it in that context before. 2. Is it really hard to find an example of what a regular strike would look like for a year? How do we differeniate between whats normal and what is not? Not hard at all. Each coin from a particular die starts out ‘normal’ and moves to a new ‘normal’ as the die wears. As you may have noticed at the sites we’ve been referring you to, coins are found at different stages during the life of a die. When you study a coin from an early die stage and compare it to another coin from the same early die stage, you’ll notice similarities and differences. What caused the difference? Was it a non-normal cause? If so, then maybe you have a variety or error coin. 3. Or am I wasting my time because I am looking too hard? We all look too hard at the start of this journey. In a few weeks, you’ll see another newbie like yourself asking the same questions. In our excitement to find something, we look to hard at things…many times under overmagnification and poor circumstances (e.g., lighting, equipment, etc.). You’ll learn to dial it back, but for now, you are about par for the course or even steeper on the learning curve. You, asking questions like this, means you are adjusting your filters. 4. Should I only be looking for the "holy grails" and toss everything else aside? If you are like many of us, we start with shorter lists, grow them to obscenely large lists, to dial them back to a reasonable risk. Some draw the line at the Red Book listings (akin to the holy grails, I suppose), but there are tons that aren’t listed by Red Book that are worth looking for. For instance, the Red Book listing for the 1995 P DDO is for the third most valuable DDO for the year (but the most readily available). There is another more moderate DDO for the date that is at or higher in value for 1995 P and the big one for the date is a 1995 D variant. If you only look for the ‘holy grails’, you’ll be missing a lot. However, digging down into the minor and very minor DDs will take longer and not return much on value…if value is your thing. Some of us like collecting lesser DDO/DDR specimens to fill out a date and for the interest in collecting…value be darned. So, creating a list and revising it often is my advice to you. 5. How do I know what would be considered different if it's not a known error? Are finding new varieties even that important? If you stick with variety hunting long enough, you will eventually get an attribution to your name for a finding. Fun…but not necessarily that important. Clearly, if you find a discovery piece, you’ll have no references for it. That’s why it’s important to learn how coins are coined/produced and how varieties are created. Knowing what to look for will help you know if you have a variety, or a common coin. Also, make sure you understand the distinction between a Variety and an Error coin. 6. With different die stages are LDS even sought after? Or ones that are way older with a lot of damage? Isn't it possible to accidentally pass up an error because of these 2 reasons? Yes, many variety coins are missed because they may be confused with some other potential cause. For instance, I found a ‘really worn’ 1939 Jefferson nickel. Tossed it into my hoard of old Jeffersons for a rainy day. When the rainy day came and I started to look for a Henning nickel, something that I had heard about in discussion, I was shocked to find that I had one. Looked like a beat up old Jefferson. What it was though was a counterfeit nickel, which look worn on the day it was coined, that had seen actual circulation wear and kind of blended in with the rest. Know what to look for kept me from releasing the most valuable nickel find in my collection. And as another example, I’ve found a few 2004 Jefferson Nickel DDOs. I was able to attribute these to Stages B, C and D. The only DDO stage left is A. So having a complete set of die stages for a particular variety interests me. Maybe not every other variety collector, but certainly me. And a question: Is an early die stage DDO in MS65 condition worth more than a late die stage DDO of the same year in MS67? Or MS65 even? It depends on the buyer and the objective that they have in mind. Trust me on this one: you will pass on a collectible coin at some point. Each of us has a horror story about the one that got away.[/QUOTE]
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