Getting Serious: Wisonsin Error?

[Devilock-migration]

Hi all,

 

First a bit of an introduction...

 

Im new to the forum. I'm in my mid 20's and have been collecting casually since I was young. My grandmother was a bank teller for many years and got me interested in this wonderfull hoby. I started out digging through my father's change jars to complete albums. After college, I developed a more serious interst in my hobby.

 

I've recently started collecting graded NGC coins...mostly errors. I love them! I hope to start submitting portions of my own collection soon, but it consists of +2,000 coins most silver and proofs and it is overwhelming. No one I know at my age shares this interest ,and I have no one to learn from except for books and olnine.

 

Now, here's my question:

 

I would like to purchase a set of Hi/Low leaf Wisconsin Errors. They are selling for about $400 on eBay. I can definately afford the price, so that is not the issue...but, do those of you who have been doing this for years think that the price is justified or is the value going to drop after the hype surrounding this coin dies (if it already hasn't).

 

I have enjoied reading all of your posts & hope to continue sharing my finds with you in the future!

 

Thanks for your help!

[supertooth]

Hello----Old time collector says to take your 400 hundred bucks and buy a rare coin of any kind that you like in an NGC holder. Not that the others might not turn out OK. But---why take a chance? You know the rare ones will always stay rare and there is not much risk in buying them. Good luck. Bob [supertooth]

[gmarguli]

Personally, I think the Hi/Low Leaf Wisconsin Errors are about as close to a scam as you can get right now in this hobby. There is serious doubt that there is any intentional die variety and it is likely it is just a die gouge.

 

Is it worth $400 for a set of these? It's your money, but I think you'll just be throwing it away. It's a mildly interesting novelty, but I can't see them being worth more that $20 a set a couple years from now.

[Devilock-migration]

Ugh...I'm such a noob!

 

I figured this would be the general response. Thanks for the input...if there is anyone with a differing opinion or more to add I would still like to hear more.

 

I am still curious about this coin. Not because of its investment potential, bucause honestly, I doubt there would be much potential. I've watched the set price go from $1,200 to $400 over the past month or so...

 

But, why all of the excitement? It hardly seems justified... And, from a historical perspective, have there been coins in recent history that have generated this much media attention?

 

Looking for some real insight here...

[goose3]

I've watched the set price go from $1,200 to $400 over the past month

 

if you have noticed that,,,,why would you consider snagging a set at this time?

 

If you really like them, wait and see if they drop even further.

 

Personally, I consider them along the lines of the 1995 doubled die cent. Overhyped and overpriced when first discovered. I guess we'll have to wait and see if scores of them are located though.

 

I'd take that money and buy a nice problem free key date coin myself.

[TomB]

I don't know how much general support there is in the hobby for this variety/error. Personally, I do not care for them at all and thought of the 1995 DDO Lincoln cent as soon as these surfaced. If it follows that trend then the prices will more or less bottom out and stabilize for quite a while. I wish I could give you a differing point of view, but I don't like these coins.

[cladking]

It's much too early to write these off. Most of the WI denver quarters are in circulation now and no more have been found. These are far more interesting and scarcer so far than the three legged nickels and they are off to a better start with public interest. There are large numbers of people taking a wait and see posture. If the coins don't turn out to be common they could surprise everyone on the upside.

 

I wouldn't buy one yet unless I was interested in them for a collection but I'd be getting very close to pulling the trigger. In the next couple months the chances of more being found will be getting very low.

[Bruceswar]

Hey you are not the only young one on the forums here, I am 22 and I also know alot of people my age look at coins and go ...I spend them thats all... As far as the wisconsin Qtr goes I think clad king is right on this one. If you know you want the coin then go for it now as these are going to start going back up soon. The wait game is not always the right thing to do. Look at the 99 Proof Sets.. They were supposed to top off but have not as of yet.... It all comes down to this... Don't worry about what others tell you it is your collection and go after the coins you want. It seems like you will not be selling anytime soon so chances are you are not going to lose on the coin. Welcome to the forum and good luck

[SilverDollarMan]

Hi all,

 

First a bit of an introduction...

 

Im new to the forum. I'm in my mid 20's and have been collecting casually since I was young. My grandmother was a bank teller for many years and got me interested in this wonderfull hoby. I started out digging through my father's change jars to complete albums. After college, I developed a more serious interst in my hobby.

 

I've recently started collecting graded NGC coins...mostly errors. I love them! I hope to start submitting portions of my own collection soon, but it consists of +2,000 coins most silver and proofs and it is overwhelming. No one I know at my age shares this interest ,and I have no one to learn from except for books and olnine.

 

Now, here's my question:

 

I would like to purchase a set of Hi/Low leaf Wisconsin Errors. They are selling for about $400 on eBay. I can definately afford the price, so that is not the issue...but, do those of you who have been doing this for years think that the price is justified or is the value going to drop after the hype surrounding this coin dies (if it already hasn't).

 

I have enjoied reading all of your posts & hope to continue sharing my finds with you in the future!

 

Thanks for your help!

 

Well great! Welcome 2 the board!

Brother Ur guess is as good as any. Buy what u like, not what everyone tells u.

 

 

 

Personally, I think the Hi/Low Leaf Wisconsin Errors are about as close to a scam as you can get right now in this hobby. There is serious doubt that there is any intentional die variety and it is likely it is just a die gouge.

 

Is it worth $400 for a set of these? It's your money, but I think you'll just be throwing it away. It's a mildly interesting novelty, but I can't see them being worth more that $20 a set a couple years from now.

 

How in the hell, do u get die gouge out of a definate corn leaf? Not being nasty but come on, that's a leaf!

[truthteller]

I would suggest to hold off on purchases for about a year. Next year's new errors will be in the spotlight, so the Wisconsins may drop in value. When the spotlight is taken off the coin, the value usually falls.

 

 

 

 

TRUTH

[braddick]

Can you imagine if this coin forum was around when the 55/55 cents were discovered or the 37-D 3 legged?

 

Unlike the 89 "No P" quarter, this high/low leaf error has staying power, IMHO.

 

It's visually exciting and just difficult enough to locate to make it interesting.

 

I'd imagine in a year's time the coin will a bit more pricey.

 

And, no. I don't have any for sale nor do I own any (yet).

[Devilock-migration]

Ohhh...my mouse pointer is howering over the "Buy Now" button... can't.... hold on.... much... longer!

 

Seriously though, thanks for all the feedback. I'm going to see how long I can wait & watch the prices a bit more, but eventually I think I will end up with a set or MS-65's. I'm fircely impulsive...bad trait I know, especially with collecting.

 

I'll post again if anything changes.

 

Cheers!

[Devilock-migration]

I did it!

 

Got all three examples (Regular, High & Low Errors) graded MS-65 and presented on a single slab.

 

Guess all that matters is that I'm excited to own them at that price. No intention of selling anytime. Time will tell what the ultimate market value of these pieces....but, for better or worse, I made the decision & their mine.

 

Can't wait to get them in the mail! Thanks to those who posted!

[TomB]

Even though I'm not excited about the issue, it seems as though you made the correct choice for yourself and that is a good thing.

[Fletcher]

I did it!

 

Got all three examples (Regular, High & Low Errors) graded MS-65 and presented on a single slab.

 

Guess all that matters is that I'm excited to own them at that price. No intention of selling anytime. Time will tell what the ultimate market value of these pieces....but, for better or worse, I made the decision & their mine.

 

Can't wait to get them in the mail! Thanks to those who posted!

 

I bought that set in MS65 as well. However, I added one more Wisconsin quarter error to the mix just for fun ... 15% off center:

 

[goose3]

Devillock..

 

all that really matters is what YOU want!

 

 

ChannelIslands....isn't that Broadstruck?

[cpm9ball]

I did it!

 

Got all three examples (Regular, High & Low Errors) graded MS-65 and presented on a single slab.

 

Guess all that matters is that I'm excited to own them at that price. No intention of selling anytime. Time will tell what the ultimate market value of these pieces....but, for better or worse, I made the decision & their mine.

 

Can't wait to get them in the mail! Thanks to those who posted!

 

I bought that set in MS65 as well. However, I added one more Wisconsin quarter error to the mix just for fun ... 15% off center:

 

 

It doesn't look like it has lost much on the right side. Are you sure it is a quarter planchet? Do you have an image of the obverse?

 

It is cool! It looks like they ran out of planchets and tried using the cheese.

 

Chris

[Coinbuf]

I'm not a collector of errors so I do not pay much attention to the price of these. I recently found a high leaf in change so it is still possible, not likely, but possible to find one.

 

Chris

[McKinley-migration]

read the story of the 1960 small date lincoln

 

same hype, same 'glamour' same price rocketing, etc

 

now it's just a penny

 

the wisconsin 'error' coins were made for insufficiently_thoughtful_persons if you ask me

 

 

picture the retards at the mint laughing at you

like how the french laugh at us for buying their bottled water

[cladking]

read the story of the 1960 small date lincoln

 

same hype, same 'glamour' same price rocketing, etc

 

now it's just a penny

 

the wisconsin 'error' coins were made for insufficiently_thoughtful_persons if you ask me

 

 

picture the retards at the mint laughing at you

like how the french laugh at us for buying their bottled water

 

Even though only around 5% of 1960 denver mintage was the small date they were very heavily saved. This coin now sells for less than any other memorial cent roll other than the 2005. The Philly issue is much tougher and commands a dollar or two. Of course there were many millions of the small dates made and apparently fewer than 10,000 of the WI varieties.

 

I'm sure the mint laughed equally hard at the clowns who wanted restruck 1804 dollars too.