Issue 1 - Mint Error News Magazine

1865 2¢ Obverse Die Cap & Brockage
Sells For Record Price
This spectacular 2¢ Die Cap traded hands
three times at the Long Beach Coin Show
last week, and set a record price.
Last year in a Bowers and Merena Auction,
a different 2¢ Cap sold for approximately
$15,000. The Cap featured in this article is
considerably deeper, will not fit in a holder at
the grading services and has a brockage on the
reverse of the obverse.
It was purchased by Allan Levy from
an East Coast coin dealer who had just arrived
at the show. Allan immediately located Mike
Byers at his table who purchased it on the
spot. Mike Byers then sold it to Tim Bullard
of errorcointrader.com, who is placing it in his
personal Mint Error Collection.
Mint Error News reached Michael
Faraone of ANACS who originally sold this 2¢
cap over twenty years ago as part of his Mint
Error Collection. He instantly remembered this
spectacular piece and stated that “it was one of
my all time favorite caps in my collection and I
wish that I had never sold it. It was such a deep
cap with blazing red color.”
In the future, Tim Bullard might display
this fabulous mint error with other caps that
he has. Even though a record price was paid,
he still felt it was a bargain considering that
Mint Errors are hot, this cap was very deep
and in gem condition and it also had a great
pedigree.
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