Discussion in 'Error Coins' started by Diogenes Diaz, Jul 4, 2020.
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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
Maybe there shouldn't be a premium for them, but clearly there is for some.
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 .
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.
Those buyers are called bidiots! ~ Chris
BIDIOTS or not. They are out there paying Premiums for MD coins.
Yes, Meow does keep the neater MDs that Meow find too.
Maybe they should collect hubcaps, instead! ~ Chris
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
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
Gee, I wish I'd said that
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