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wavysteps2003Expert Member
Posts: 1344 Joined: 25 Feb 2005
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Posted: Sat Oct 02, 2010 6:32 am |
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One must keep in mind that error coins coming from the Mint are decreasing. Two factors; one better quality control and the other is that the Mint now sends its coins to an outside facility to be wrapped. Any coin that cannot be excepted (because of size) by a coin rolling machine is sent back to the Mint.
The one error coin that does make it through both of those factors is the die clash. So, prices will increase for this type of error coin.
One other factor to consider; a die clash is not just a die clash anymore. One only has to look through the maddieclashes.com site to see the various forms of this intriguing error.
BJ Neff
_________________ Member of: Coppercoins, ANA, CFCC (VP), CONECA, FUN, NCADD (Editor), NLG, LCR, traildies.com. and MADdieclashes.com
The opinions that I express do not necessarily reflect the policies of the organizations that I am a member of.
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coppercoinsSite Admin
Posts: 2809 Joined: 29 Jun 2003 Location: Springfield, Missouri.
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Posted: Thu Oct 07, 2010 6:18 am |
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Summarizing and throwing my own education into the ring here...
1. The coin is a die clash. If it had been struck first with a reverse die on the obverse, the columns would still be raised. as it is, the bays are raised.
2. The reason the clash doesn't show on the reverse is probably because the clashed die was likely removed.
3. This coin - even if in nice grade (MS65RD) would be worth $5-$10 maximum. This coin is MS60RD (because of the heavy spots and corrosion). Value would be debatable, but not $5.
4. Coop's feelings are important, but people do pay more for slabbed coins because of the guarantee of grade they represent. The slabbed price for an MS65RD coin represents the actual value of that issue in MS65RD. The reason people pay less for "raw" (ungraded) MS65RD coins is because there's no guarantee the dealer or collector they are being purchased from grades with the same consistency as the grading company.
5. Generally speaking, coins worth less than $25 are not worth the trouble and expense of slabbing. Your coin falls in that category easily.
6. While the frequency of errors coins is on the decline, this decline actually started around 2000. This coin was minted in 1989, a year heavy in minor errors and imperfections. Clashed die cents are VERY common throughout the 1980s.
_________________ C. D. Daughtrey
owner, developer
www.coppercoins.com
cd@coppercoins.com
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mojaveblueAdvanced Member
Posts: 143 Joined: 02 May 2010 Location: Southern Cal
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Posted: Thu Oct 07, 2010 9:49 am |
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Thanks Chuck,
I really like how you itemize your answers and subjects, makes it much easier for me to understand and file away for further use/recall. I am hoping to have more time to get a grip on coin grading, Ill be using your book as my main resource on that.
So now I know a lot more about clashes, and from the website maddieclashes.com I found out how they come about.
Thanks too, BJ
I didnt know the mint didnt roll theirs. I had wondered why "String" rolls were so sought after and what they represented.
Phil
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