Coin Values on Error Coins

[2centsalMD-migration]

Hi everyone! Rise and shine!

 

I have a question that alot of people would like to know the answer to.

 

There many error coins on Ebay, in books( The CherryPicker's guide to error coins ) and the " The Official Guide to Mint Errors" to name a few. My question is how does the average collector put a value on error coins that aren't in any of the sources I listed above? My theory is to take the value of the coin from NGC, The Red Book, The Blue Book, the internet auction websites etc.....

Then add a ballpark figure (or premium) depending on how big the error is, for instance : I have a Kennedy half 1968d that has several letters that are "doubled" . It's not listed anywhere for that error. There are Errors on that year but not on the common Kennedy Half. I think there is a Proof error and a Obverse error but not "Doubling " on the reverse like mine.

 

Is there an expert that can help me and other's with this dilemma ?

Thanks

 

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[cpm9ball]

Your 68-D looks like strike doubling to me........flat and shelf-like.

 

It's pretty hard to put a value on many of the errors and varieties. The Cherrypickers Guide and Herbert's Guide to Mint Errors are rather old, so you have to take those estimates with a grain of salt.

 

On the other hand, errors and varieties listed on Fred Weinberg's site are priced rather high, but if you asked for the value of a particular coin, you would likely get a very low estimate. For example, the 2001-D Kennedy missing the clad layer on my sig line was shown to him at FUN 2006, and he said it was worth $125. There are only two of these known to exist, and the other one sold raw on eBay in 2005 for $555.

 

Suffice it to say that a coin is only worth what someone is willing to pay.

 

Chris

[physics-fan3.14]

Your Kennedy displays strike doubling, which is incredibly common, not worth a premium, and on higher graded coins will actually lower the grade and value. Your Kennedy is worth the $4.93 that the silver in it is worth, and that's about it.

 

Much of the value for error coins is based on their scarcity, desirability, and "cool" factor. A double struck, off center flipover double struck Kennedy is super cool and very scarce, so will be worth much. A misaligned die is incredibly common. Much of this knowledge is based on experience, but Herberts book is a good place to start. Values are difficult to come by.

[Coindude]

I'm in total agreement with the previous two answers. Strike or Machine Doubling, and for the reasons stated by CPM. Keep your eyes open though, you never know!

[halfpint]

 

...i agree with the above comments. here is a site that may help you to tell the

 

difference between the common machine doubled coin and the doubled die

 

version. hope it helps.

 

http://www.lincolncentresource.com/FAQ/machinedoubling.html