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Tuesday, June 4, 2013

Error Coins

Some people specialize in collecting coins with errors.  These often are in limited, but unknown, quantities.  This can be exciting, especially since the chance of getting an error coin in change is real.

Know the error coins that are out there.  Yes, you could be the first to discover a new error, but chances are someone else already found that same error.  Stay current with your reading, since ting, expecially since the chance of getting an error coin in change is real.

Know the error coins that are out there.  Yes, you could be the first to discover a new error, but chances are someone else already found that same error.  Stay current with your reading, since you do need to know where to look. 

If it is a current year coin, think before you act.  Selling may be too soon, since there may be few available and the price might rise, but holding on may see the price plummet due to a large quantity being issued.  And, recalling the upside-down airplane stamp, if the government responded by flooding the market. 

Be certain the error is really an error.  The words on the edge of the Presidential Dollars can be oriented either way.  This is because the dollars are dropped into slots and the words pressed.  There is no attempt to turn a particular side up.  So, that is not an error.


As with all other aspects of coin collecting, knowledge is important.  And to acquire that knowledge, buy one of more books on the topic.



2013 US Error Coins - Coin Values Based on Realized Auctions (Volume 10)


 


 Strike It Rich with Pocket Change: Error Coins Bring Big Money


 

 1929 U.S. Buffalo Nickel Coin - Reverse Lamination Peel Error

 

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