What Kind of Penny Error is This? Memorial in back on Obverse.

I picked it up for $20.00. Thought it looked like a super nice coin. Lincoln Memorial in back on obverse. Mint error is beyond me though. Rare?

http://picasaweb.google.com/rh28732/RecentlyUpdated#5418495852843993330

http://picasaweb.google.com/rh28732/RecentlyUpdated#5418495955509268642



Thanks....

 

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hrm. Not sure there. The memorial on the obverse looks like it is a shadow more than an impression. Does it look the same in hand?

 

It's called a die clash. It happens when the dies come together with no planchet between them. IMO, you way over-paid for $20 as these are pretty common.

 

What is the date of the cent?

 

It is a case of die clash, probably enhanced by surface film transfer between the reverse die and the obverse die. You overpaid, though. Such an error is probably worth no more than ten dollars.

 

Mike:
$10? For a clashed ide?

Really, I would have though a dollar or two, max.

Or were you being kind?

 

I've seen them sell for this much on eBay. However, the price is variable.

 

It always amazes me how folks through their money around.

 

Looks like a minor error - struck by clashed die

Hello RH287,

I recommend http://www.jimscoins.com/ for error coin books and really cool error coins. I further recommend "The Error Coin Encyclopedia" by Margolis & Weinberg. I bought my first copy of the book from Len Rosemallen (It used to be called Len's Coins before it was named Jim's Coins in Madison WI.

Very best regards,
collect89

 

OK THanks...
And its a 1986 Cent...

 

Yep, definitely overpaid again. I would suggest doing some research before you go broke.