Should be me be worth more than a normal coin?

Discussion in 'Error Coins' started by Diogenes Diaz, Jul 4, 2020.

  1. Diogenes Diaz

    Diogenes Diaz Active Member

    They always say the MD is quite common with no added value.There is a few question I got--Does it look better than a normal coin?Are there less MD than a normal struck coin?Can't know unless you ask.
     
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    It wouldn't matter even if the entire production run of a coin was machine doubling, aka mechanical doubling, aka strike doubling, aka ejection doubling, it still adds no value to the coin. ~ Chris
     
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  4. Diogenes Diaz

    Diogenes Diaz Active Member

    Sorry guys-- I have a tablet that like to finish my sentences-- I won't let it happen again-- On the title should read---shouldn't MD be worth more than a normal coin
     
  5. Robert Ransom

    Robert Ransom Well-Known Member

     
  6. l.cutler

    l.cutler Member

    The only thing that makes anything valuable is demand. If there is more demand than supply it is valuable, if nobody wants it then it is not. There is no demand for mechanical doubling, so there is no value.
     
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  7. Beardigger

    Beardigger Well-Known Member

    I respectfully disagree......if you look at eBay for MD coins, you will find premiums paid for MD coins. Just because you may see no added value, there are those that do, and purchase them for a premium.
    Maybe there shouldn't be a premium for them, but clearly there is for some.
     
  8. rascal

    rascal Well-Known Member

    The reason people don't want coins with the MD is probably because of the fact that MD coins always has a slight difference from each other. True doubled dies are exactly the same because they were struck with dies that had the doubling on the die.
     
  9. rascal

    rascal Well-Known Member

    You may see about anything selling on Ebay because some of the buyers don't know what the heck they doing. I have seen folks bidding high prices on there for totally junk coins that had been ran over by vehicles .
     
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  10. Beardigger

    Beardigger Well-Known Member

    I don't disagree with that.
    However even though there shouldn't be a premium for them, the evidence shows that there IS a premium being paid for them, and I'm only talking the ones listed as MD......not counting all the ones just listed as DOUBLED which are clearly MD being sold for a premium too.
     
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  11. Mountain Man

    Mountain Man Well-Known Member

    I think that some dramatic Machine Doubling would increase the value. I go a lot by eye appeal (even though I'm going blind)LOL. If it were cool enough on sight, then I might pay more than face value.
     
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  12. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Those buyers are called bidiots! ~ Chris
     
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  13. Beardigger

    Beardigger Well-Known Member

    BIDIOTS or not. They are out there paying Premiums for MD coins.
     
  14. MeowtheKitty

    MeowtheKitty Well-Known Member

    Yes, Meow does keep the neater MDs that Meow find too.
     
  15. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Maybe they should collect hubcaps, instead! ~ Chris
     
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  16. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    There is a manual function called proofreading, and there is also a tool to the immediate right of the title that allows you to correct any mistakes. ~ Chris
     
  17. Kentucky

    Kentucky Supporter! Supporter

    Perhaps instead of saying that there is no added value, we should say there is no added value for experienced collectors.
     
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  18. Burton Strauss III

    Burton Strauss III Well-Known Member

    The value axis and the coolness axis are different. There are many things that are cool but not valuable. There are even things that are valuable but not cool.
     
  19. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    The people who are paying a premium for these coins ARE NOT knowledgeable collectors. They are new or uninformed collectors who are confusing MD with the much rarer and desirable doubled dies.

    A 1909SVDB cent is valuable because established collectors WANT IT for their sets. A 1955 or 1972 doubled die cent is valuable because established collectors WANT those coins and will pay a premium. There is no solid foundation in the hobby for MD coins. Go into any coin shop or show with an authentic 1914D cent and you will get offers from dealers. Take a wrong planchet or double struck error to an error specialist like Fred Weinberg or Jim Sullivan and they will make an offer to buy. Why?because collectors WANT these.

    Try doing that with a MD coin. There will be no interest because there is no collector interest. Or better yet, go to your locAl dealer or coin show and ask if anyone has MD coins to sell. They dont, because there is no collector intetest.

    You may be able to make a few bucks here and there by selling to uniformed collectors on ebay, but at the end of the day, MD coins have no sustainable value.I

    Hope this explanation helps
     
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  20. Kentucky

    Kentucky Supporter! Supporter

    Gee, I wish I'd said that
     
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  21. Diogenes Diaz

    Diogenes Diaz Active Member

    If you had one coin missing to fill a whole collection and you found two coins to pick from and one is a crazy md and the other normal--which one will you use to complete the collection?
     
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