this is a big, jumbo can of worms..as for coins that are doubled being no value..here is some food f

Discussion in 'Error Coins' started by john65999, Jul 10, 2020.

  1. john65999

    john65999 Active Member

    https://www.ebay.com/sch/cut_the_mid_guy_out/m.html?_trksid=p3692

    food for thought...(yum)
    this guy is reputable, i looked at his feedback, it is pristine, and he does sell coins that every day on this forum people say no added value, machine doubling worn die, etc...well this dude has over images.jpg 400 of them in the 5.00 to 90 dollar $ range, and he does sell them,,,like i said before, people will collect anything and are willing to pay for these "so called" worthless doubling...so, ok i opened it...lol
     
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  3. Inspector43

    Inspector43 72 Year Collector

    I like those worthless coins because I found them and they are fun. I wouldn't pay a penny over face for any of them. But, I keep all I find. Every collector has his own thing.
     
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  4. thomas mozzillo

    thomas mozzillo Well-Known Member

    I only looked at a few of the listings and did not see any doubled die coins of any value. The 1955 cent is a perfect example of DDD and not a doubled die. This is taken from doubleddie.com:
    upload_2020-7-10_23-28-19.png

    Personally, I wouldn't buy most of what I've seen on his site but everyone is entitled to spend their money as they please.
    EDIT. The one thing I can say about the seller is he's not being dishonest. He's not calling them doubled dies, just "....doubling".
    IMO none of them are worth the price listed.
     
    Last edited: Jul 10, 2020
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  5. john65999

    john65999 Active Member

    same here, i like doubling of any kind, but usually pay a few dollars for a coin, his prices seem a tad bit high, but looking at his feedback, and past sales..he seems to have quite a market, and he is just one of many selling these types of coins, so to keep on saying no added value or worthless doubling, when you can plainly see there is a market and pricing for these items, that is all i am saying..people will buy anything...when i was a wee lad, went to a museum and at their souvenir stand, they had rocks and minerals, and a big chunk of dinosaur poo..and well, you guessed it, people were buying millions of year old excrement for 3.00 a chunk..lol cheers!
     
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  6. paddyman98

    paddyman98 Let me burst your bubble! Supporter

    It's sad..

    By the way. You probably just won the award for the longest title for a thread on CoinTalk. It is so long you couldn't even enter the rest of it. :facepalm:

    Keep your titles shorter.
     
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  7. thomas mozzillo

    thomas mozzillo Well-Known Member

    I'll finish it for him (I think, which makes me dangerous) "or thought". lol :D
     
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  8. l.cutler

    l.cutler Member

    I would say this seller is very deceptive. He does not state what kind of doubling it is, just "Error, major doubling". I would say he is targeting people who don't know the difference.
     
  9. john65999

    john65999 Active Member

    all i am saying, as in previous replies to other's posts, is to be saying: "NO ADDED VALUE, OR WORTHLESS DOUBLING" IS NOT VERY TRUE, WHEN THERE ARE PEOPLE SELLING, AND PEOPLE BUYING THEM...i, myself believe, that if a coin is minted, and not to original form, if there are mistakes on it, this makes it an error in my book, and has some value...there are even some in slabs listing these, just because the hub was not doubled, which if it were makes many thousands or more coins...just saying..the numbers speak for themselves..people are buying them
     
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  10. l.cutler

    l.cutler Member

    Maybe there are some people buying them for what they are, I really don't know. It really seems most are bought by people who really don't understand what they actually are.
     
    Last edited: Jul 11, 2020
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  11. -jeffB

    -jeffB Greshams LEO Supporter

    The excerpt in your image is exactly correct, but it leaves out the fact that these were being heavily advertised in coin magazines back in the 60s and even the 70s as "poor man's double[d] die". (I don't remember if the ads typically said "double" or "doubled", I think it was the former.) As a very young collector, I would've been taken in -- after all, it's in print!
     
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  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    Most of us on CT are collectors not out to make a buck. That's the difference.
     
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  13. l.cutler

    l.cutler Member

    Using that rationale, do an ebay search for "no mintmark" you will find dozens of common Philadelphia minted coins for sale, and even many that have sold for ridiculous amounts. One 1968 circulated dime sold for $79.99. Now does this mean a 1968 circulated dime is worth $79.99? Or does it mean that some unknowledgeable person got caught up in the "no mintmark" thing? Same deal with doubling, some unknowledgeable people get caught up in the doubling, most likely after seeing something about valuable doubled dies.
     
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  14. john65999

    john65999 Active Member

    yes, i understand that..but people do want these md, and ddo coins...whether from mechanical or die attrition, i personally like em, and will pay a small premium, but to say they are worthless i think is wrong, being shady or disreputable is one thing, but to offer a coin with doubling at what the market will bear i think is quite another...
     
  15. john65999

    john65999 Active Member

    i, too remember the so called "poor-man's double die" cents and have seen them at shows in the past
     
  16. john65999

    john65999 Active Member

    that is all and good, i myself do not sell them, i buy them if i like the doubling on a particular coin..after all they are misprints, or mis-coined, not as intended, it is a type of error, just not one worth a ton of loot is all, but still has a value to some people, myself included...i have searched hundreds of rolls, and not encountered a single one..
     
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  17. Collecting Nut

    Collecting Nut Borderline Hoarder

    To me they are always worth face value. That's why I use the term NAV but not worthless.
     
  18. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    I believe most of the demand that your referencing comes from New and inexperienced collectors who haven't learned the difference between hub doubling and the much more common machine doubling and die deterioration doubling. I'm the link that you posted, the seller doesn't say these coins are MD or DDD, which in my opinion is misleading.

    Go to any established error dealer and offer to sell them MD coins. There will be no interest. Ask if they have any ND coins for sale. They will say no.

    I feel that a true collecting interest for these coins does not exist and any sales are not to knowledgeable collectors. Without that, there is no sustainable market.

    In addition, doubled dies have a market because they occur infrequently. MD and DDD occur much more frequently. It's not like a 1955 DDO where there is only one die. How many dies are run until they deteriorate and how does that deterioration progress during the life of the die? How do you characterize them?

    While there is nothing wrong with saving MD and DDD coins if you like them, you just need to be aware that there is no serious collector demand and it would be very unlikely to find a buyer that would pay a premium for them when it's time to sell.
     
  19. paddyman98

    paddyman98 Let me burst your bubble! Supporter

    And it is.. Ridiculous!.. I'm not giving anymore opinions on the subject :facepalm:
     
  20. ldhair

    ldhair Clean Supporter

    If you want them, buy them. Someday you will learn that they have very little value.
     
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  21. thomas mozzillo

    thomas mozzillo Well-Known Member

    @-jeffB I'm sure you've heard of the saying "Believe only half of what you see and nothing of what you read". Maybe you were too young then to have heard it. lol :)
     
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