Found this odd cent in my local Walmart Coinstar...I've never found/collected these types of Lincolns, so not sure about: these are considered true mint errors, yes? how to properly calculate the % of off-center? any value above face/collectible? if gradable, would the TPG evaluate the struck coin fields/devices, the "blank" surface or both as far as determining MS/UNC? The cent is actually (in hand) quite nice - minus "chatter" on the non-struck portion of the planchet (I sure hope my terminology is correct), still pretty "shiny". Very interesting to find - going in a flip for now. p.s. I am tagging @paddyman98 - this seems like something right up his alley. ;-) Thanks in advance.
Very nice find! It is an error coin. From what I've seen, I think these have a few bucks premium depending on how off center it is and the condition. Lets see what others have to say.
You can get a good estimate of the %off center using the following method. Look up or measure the standard diameter of the coin. For a cent it's 19.05mm. Measure the distance from the edge of the design to the rim over the unstruck part. Use the longest distance. Don't measure the length of the struck portion since it can be distorted Plug them into the following formula 1 - [(19.05 - Measured distance)/19.05] Multiply by 100 to get the percentage and round to the nearest 5% (off centers are usually reported to the nearest 5% or 10%) If you don't subtract from 1, you'll calculate the % ON center Better living through mathematics Edit to add:
A nicely 60% off center coin. Yes, it's a mint error. Best not to grade due to cost and resale value. Having a date show increases the value. Here's a few of mine. Then there's this one. In the last photo the Cent is on top of a quarter.
