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<p>[QUOTE="JCro57, post: 3087726, member: 92083"]There are 7 reasons why I buy a particular error, variety, counterfeit, or other oddity coin, in no particular order:</p><p><br /></p><p>1. Do I understand the history of that particular denomination? (Who/what is featured and why. If counterfeit, is it from a known counterfeiter?) To be honest, for foreign coins, unless it is someone world famous, historically significant or interesting and on a precious metal (gold Napoleon Franc, silver Russian beard tax token, authentic gold bar stamped with Nazi symbol or British East India Company logo), I don't care for them.</p><p><br /></p><p>2. Do I have a basic understanding of how the error/variety/oddity occurred, or may have occurred, and can I explain it to others?</p><p><br /></p><p>3. Is it dramatic looking? If I would have to tell the average coin collector there is something wrong without them noticing, I don't want it. Some exceptions include missing mintmarks (1982 no p dime) but otherwise I want something people look at and say, "Wow! Not that thing is a freak!"</p><p><br /></p><p>4. Is it rare and highly sought after by others? Is there a market for it should myself or my heirs wish to sell it later? Coin blanks aren't all rare, but they are much more rare and in demand than railroad rims and grease filled strikes. And railroad strikes and most grease filled die strikes have almost no premium, so I don't care for them.</p><p><br /></p><p>5. Is it in a great condition? High AU or MS only for me. No distracting bag/reeding marks, no scratches, rim dings, not worn, not discolored, no fingerprints, no wheel marks, no environmental damage, or anything giving it a possible details grade. (Exceptions made if, say, fewer than 25 are known to exist).</p><p><br /></p><p>6. Can I buy it for less than what similar examples have sold for recently on auction sites or Grey Sheet?</p><p><br /></p><p>7. Do I personally like it? No matter how dramatic, I generally don't like error coins without full 4-digit dates or uniface strikes. I think cuds are ugly and overpriced, lamination peeling (unless it occurred before strike) is ugly, die cracks are undesirable, and strike throughs are overrated unless the object is still in there or you can clearly tell what it was.</p><p><br /></p><p>So, I don't really want to collect something simply because a slab states "Mint Error." I have to love it. Foreign coins? Don't love them. I don't even like them.[/QUOTE]</p><p><br /></p>
[QUOTE="JCro57, post: 3087726, member: 92083"]There are 7 reasons why I buy a particular error, variety, counterfeit, or other oddity coin, in no particular order: 1. Do I understand the history of that particular denomination? (Who/what is featured and why. If counterfeit, is it from a known counterfeiter?) To be honest, for foreign coins, unless it is someone world famous, historically significant or interesting and on a precious metal (gold Napoleon Franc, silver Russian beard tax token, authentic gold bar stamped with Nazi symbol or British East India Company logo), I don't care for them. 2. Do I have a basic understanding of how the error/variety/oddity occurred, or may have occurred, and can I explain it to others? 3. Is it dramatic looking? If I would have to tell the average coin collector there is something wrong without them noticing, I don't want it. Some exceptions include missing mintmarks (1982 no p dime) but otherwise I want something people look at and say, "Wow! Not that thing is a freak!" 4. Is it rare and highly sought after by others? Is there a market for it should myself or my heirs wish to sell it later? Coin blanks aren't all rare, but they are much more rare and in demand than railroad rims and grease filled strikes. And railroad strikes and most grease filled die strikes have almost no premium, so I don't care for them. 5. Is it in a great condition? High AU or MS only for me. No distracting bag/reeding marks, no scratches, rim dings, not worn, not discolored, no fingerprints, no wheel marks, no environmental damage, or anything giving it a possible details grade. (Exceptions made if, say, fewer than 25 are known to exist). 6. Can I buy it for less than what similar examples have sold for recently on auction sites or Grey Sheet? 7. Do I personally like it? No matter how dramatic, I generally don't like error coins without full 4-digit dates or uniface strikes. I think cuds are ugly and overpriced, lamination peeling (unless it occurred before strike) is ugly, die cracks are undesirable, and strike throughs are overrated unless the object is still in there or you can clearly tell what it was. So, I don't really want to collect something simply because a slab states "Mint Error." I have to love it. Foreign coins? Don't love them. I don't even like them.[/QUOTE]
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