i have a good amount of really minimal error coins..what do you (anyone reading this) do with them? do you just stick them back in circulation? sell 100 at a time for 50.00? keep them anyway??? thanks for your opinion!
I put them in a jar and then give them to kids at the show or I put them in a jar and then give them to kids at the show or school groups, bank tellers and sometimes I just learn what I can from them and throw them back into the bag that goes to the bank. "It's only money you know"?
it's just like die cracks, breaks, chips, the usual common errors. but looking values up http://www.coinsite.com/html/userrorprices.asp they're worth maybe .50-1.00 each. i just found a chip on a quarter that looks like a nose ring on Washington, it's unusual so i'll keep that one for kicks.. lot's of die polish and breaks/cracks on dimes.. i really like the idea regarding the school.. that's a great idea...
It really depends on what error and how minimal they are. For example, I doubt you could sell MADs (or other common errors) beyond face value unless they were rather extreme. Even something pretty cool like a 20% off-center broadstruck coin may only sell for $10-15 unless it is from the right time period or encapsulated. I just keep a few examples of different errors for reference and replace them a I find something a little more dramatic. Keep searching and you'll have bigger finds and won't have to worry about the little stuff anymore...
We do the exact same thing here at the shop. We have a box of stuff that we give YN's to keep then interested. If we ever end up with a whole bunch bunch of it we make a large lot on the EBay and just let it go for whatever.
do you (anyone) search just the dated coins with the "known" valuable errors or do you search them all? i'm searching through about 25,000 coins a week (10 boxes of pennies) and i want to be able to double that... if i don't go blind in my right eye first.. lol.. i look at them through a 10x loupe first if something catches my eye i go under my dino-lite for a closer look. i also heard if you can't see the error with a 10x loupe the error won't be valuable.. is this correct?
I hang onto them and look through them every once in a while and realize their not so much of an error anymore, then toss them.
Well if you have an abundent amount of them I would sell them on ebay as a package deal. Say you have 10 different errors you specify each one and then you ask a price of two dollars or a dollar a piece, so you made 10 to 20 dollars on them without getting rid of them, or just keep them for the future they may take off later on who knows with this crazy coin bussiness. JC
