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Issue 30 - Mint Error News Magazine

Issue 30 - Mint Error News Magazine

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Double Denomination & Off-Metal<br />

<strong>Mint</strong> <strong>Error</strong> Sales<br />

by Al Levy (alscoins.com)<br />

One of the most popular error types are double<br />

denominations. The high end “common dates” graded<br />

over MS66 have dropped in price. However, the sellers<br />

are still not willing to reduce their ask prices. Collectors<br />

need to realized that for some dates and mintmarks<br />

only a handful are known to exist. Eye appeal will<br />

generate a higher price paid than a grade. When a new<br />

seller lists this error type and does not utilize quality<br />

pictures or descriptions, they sell for a fraction of their<br />

real value. My charts reflect this decrease. This does<br />

not mean prices dropped. It means the buyer may be<br />

able to turn a quick profit by reselling it. Keep in mind<br />

that eBay sales are a small fraction of the true error<br />

coin market. Dates, mintmarks and grading services<br />

all make a difference in value. Read over my notes to<br />

help you decipher the real market.<br />

Here are records of recent sales of off-center mint errors on eBay from October 1, 2009 to December 31, 2009.<br />

1. All lots had buyers. If the coins actually changed hands is unknown.<br />

2. A picture accompanied each lot or it was not recognized.<br />

3. Mislabelled items were ignored.<br />

4. Some lots may have changed hands more than once.<br />

5. “D” next to the date symbolizes that the coin had damage or was scratched.<br />

6. “C” next to the date symbolizes that the coin was cleaned.<br />

7. “B” next to the date symbolizes that the coin had damage and was cleaned.<br />

8. If the date or mint mark was missing or partially visible, parentheses were used.<br />

9. Postage/handling/insurance fees were ignored.<br />

10. Major auctions were not listed.<br />

DESCRIPTION GRADED SOLD OBSERVATION<br />

DOUBLE DENOMINATIONS<br />

1988-() STRUCK CENT ON A STRUCK DIME BU $860.00 2ND STRIKE 90 DEGREE CW TURN. CENT<br />

DATE.<br />

1988-D STRUCK CENT ON A STRUCK DIME AU $560.00 2ND STRIKE 90 DEGREE CCW TURN. CENT<br />

DATE & DIME MM.<br />

1996-P STRUCK CENT ON A STRUCK DIME BU $611.06 2ND STRIKE FLIPOVER. BOTH DATES & MM<br />

SHOW.<br />

2001-P STRUCK CENT ON A STRUCK DIME ANACS 65 $460.05 2ND STRIKE FLIPOVER NO CLOSEUP PICS<br />

OF COIN. DETAIL REMAINED FROM 10c BUT<br />

COULD NOT MAKE OUT MUCH.<br />

Page 19<br />

minterrornews.com

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