New Lincolns, New Coins & A Bit of Ranting~

Amen, Clembo

 

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I must say that I'm amazed at the value of error coins. It seems to be one of the few things that brings more value if it is defective. When I have a defect on anything else, I return it. When I get an error coin, I keep and savor it. How weird!

 

Some interesting repsonses all and I'm not here to blast modern coins. Whatever floats your boat. My point is the hype of the teeny weeny errors. How many "varieties" on the LP2 now?
Hey if I wanted to search these at work I reckon I could find a few. We've got plenty. I could cherrypick the boss and sell them at a profit. Not worth my time and I respect the boss.
I could do it at home and I'd sell them in a heartbeat while they're hot. Make some money then watch the values fall.

Now honestly I think Doug nailed the real reason.

I do think they could write about more but if it sells I guess they write it.

Now granted AUBU2 there are a few decent errors out there. I do question the frequency though given the technology. Of the errors you listed I wouldn't mind a Monroe Dollar/Quarter planchet.
The others only if I found them. They show the typical pattern IMHO. Big money at first then a nice drop.

Heck I actually own a few "modern" errors. A couple of nice, red 1995 DDO Lincolns. They used to sell for $100 raw. I got mine much cheaper and will bet they would slab at MS66 at least. I could still sell and profit.

My original rant was not about the fairly dramatic errors. It was about the miniscule and the hype they receive.

 

:thumb:

 

If you need a microscope to see it, it ain't an error. That is my opinion do with it what you may.

Like others have said, I would gladly sell one but never buy one.

 

I view these ticky-tack errors the same way I view toned coins. They have no appeal to me whatsoever. Nevertheless, it's all about personal preference and I pay attention to them only because I know others find them very desirable. The profit motive looms large.

 

What I fin amazing is all the publicity over these teeny tiny errors on the LP2 cents, and almost no commentary on the one big doubled die on the 2009-D DC quarter. Naked eye and MAJOR separation on the lettering. (Most noticeable on the EL of Ellington. Letters are completely separated by about a third of the letters height.) I guess it was too rare to be promoted.

 

Just Carl, I love the thought that the Mint is controlled by MESS. Maybe it's a conspiracy! :bigeyes: Yea, Yea, that's it, a conspiracy

 

I have a bit of disagreement with Clembo on the errors. Any mass-produced product, especially those that are produced in multi-million unit quantities, are going to have some flaws. Otherwise, there would be no need for the MS-60 to MS-70 grade range.

Some of us enjoy finding errors, as I did when I opened a roll of Washington dollars, and found one without edge lettering. Think of all the varieties of Morgan dollars that there are, because of these differences. Enjoy collecting what you like, and try not to concern yourself too much about the collecting preferences of others.

I do think that the Mint is producing too many different products for MY taste (and budget), but that doesn't mean that other collectors don't appreciate the broad selection that is available. Let the market decide.