Ok just read all the posts on Greg's thread about the new book and made me think with the talk about rare and one off coins why errors aren't worth more because I have a couple that I have only ever seen one of and you can ask Uni as he's seen my 2009 $1 roo with handcuffs and there are other errors that are pretty rare so why aren't they worth more :angel:
....... and a very neat error it is too AJ!
Error coins are only worth what someone is willing to pay for them and there are nowhere near as many error collectors as there are general collectors.
Most of my error coins aren't worth all that much due to being heavily circulated and I think it would be nigh impossible for Greg to be able to account for all the variables in his relatively small Guide.
Maybe we need a thread along the lines of "How much is this error coin worth?" and see what error collectors think.
In fact, I'll put a thread up with that title and see how we go.
AJ, if you like, you kick it off with a picture of your 2009 $1 roo with handcuffs.
I think the majority of collectors aim for perfection rather than 'out of the ordinary'. Perhaps I enjoy pre decimal errors and varieties because they are slightly broken, warped or imperfect.! (like me).:angel:
I reckon hype and interest from the general public is the key for increased value, I don't think a smallish pool of collectors will affect price much in the short term. If something is reported in the media that's usually a good start, and I'm wondering if Ian McConnelly's new error and variety book really does have them all, probably not.
Large, obvious, easily understood and visually spectacular errors are worth more than small, hard to spot, and hard to explain errors. Small cuds are generally worth less than most other varieties except for perhaps planchet flaws.
Quote from: 'Nevol' pid='77643' dateline='1439419399'Error coins are only worth what someone is willing to pay for them and there are nowhere near as many error collectors as there are general collectors.
Most of my error coins aren't worth all that much due to being heavily circulated and I think it would be nigh impossible for Greg to be able to account for all the variables in his relatively small Guide.
Maybe we need a thread along the lines of "How much is this error coin worth?" and see what error collectors think.
In fact, I'll put a thread up with that title and see how we go.
AJ, if you like, you kick it off with a picture of your 2009 $1 roo with handcuffs.
Oop's sorry I didn't mean for Greg to put it into his book but just read his thread and with everyone going on about rarity I was just thinking, "I wonder why errors are more popular/worth more as they don't seem to get much unless it's like Mark said and it's a huge well know error :angel:
:dodgy: I'm not real sure about Ian as it's been quite a long while now since I sent and told him about the 2012 50 cent bubble variety so couldn't be bothered sending or telling him about any more I've found, eg like the 3 different one's on the 2014 50 cent.
Don't worry AJ ...... there's many a member here that are always keen to see your discoveries! :good:
Thanks mate :friends: You have a couple on the way with some that I passed on from another member so hopefully be there early next week with a bit of luck :good:
I'm one of those collectors who prefers perfection.
Anyway, I'm not sure what motivates the majority of collectors but for plenty I would think a complete set of something is desirable, and that's where a 1937 penny for example will win over an error any day of the week.
:laugh2: god I'm bloody hopeless, sorry team I posted the pic in the wrong thread so here it is :D
(http://i58.tinypic.com/2vdr9js.jpg)
Quote from: 'Mister T' pid='77672' dateline='1439435371'I'm one of those collectors who prefers perfection.
Anyway, I'm not sure what motivates the majority of collectors but for plenty I would think a complete set of something is desirable, and that's where a 1937 penny for example will win over an error any day of the week.
Yes I like perfection as well being perfect myself :blush2: :laugh2:
and like to make sets but sometimes it's really hard and the big coins put me out as I just can't justify spending that sort of money or having it wrapped up in coins but I hear what your saying Mister T :good:
Super error and a great example of a possible 'one of a kind'.!
Thanks Robster, never seen anything like it before or since
I think Mark is basically right. Here are the results of some of my recent error listings on ebay;
•2005 PEACE $1 DOLLAR coin with HAT CUD Start price $2 no bid
•2001 Centenary of Federation $1 DOLLAR with Rim Cud Start price $3 one bid
•2008 $1 dollar "DOUBLE TAIL" Start price $4 one bid
•2001 VOLUNTEERS $1 DOLLAR coins (2) with RIM CUDS Start price $4 one bid
However, in the same period I have sold nineteen $1 rabbit ear errors at an average price of just over $6.20 each. I don't know why they sell so well as I would not rate them higher than a rim cud. They are certainly much more common.
I rest my case your honour! Yes there's something about people knowing about the error makes them more sort after and really errors shouldn't make it out of the mint :(
I thought mc connelly's book was about pre-decimal errors, not the decimals ?????????
I think errors (cuds, planchet flaws) are a "Niche" market.
Most collectors want the "Perfect" coin in their collection.
I could be wrong But this is my perception :ok:
consider me niche then
when you collect mostly the aussie pre-decimals, then the varieties and errors jazz up the collecting fun
and help you to develop more expertise around the coins
how else did you know about the 'Q' 1925 penny, or the broken 'N'
the errors guys of course!
then bring in the die variety guys and wowza
the fun really begins
they can ponder, philosophise about root causes and argue 'til 3 in the morning regarding the die pairings and the mintages of such!!
Error coins are a funny market to be in but since I started my website here in NZ i have started selling a lot more. I think it does come down to the fact they are recorded somewhere now and it also helped that a couple of errors made it into the NZ coin catalogue with some hefty prices for unc examples. It depends on the collector as not all of us can afford thousands of dollars for 1 coin but are happy to put away a few $$ worth of error / die fault coins we find in change. It can also be a great way to attract new collectors to the hobby if they are willing to spend the time as they could find something rather unique or very significant to the hobby. For example I will be releasing a new coin Mule in the Royal Numismatic Society Journal at the end of the year that has currently gone unnoticed. (I believe it is important that it is first published in the Journal as the Society has helped me along the way and it is my way of keeping the information given by the society new rather than just repeating online articles.)
I sell error/ die fault coins every day of the week almost with standing orders from people for certain errors but for the time and effort spent it is not a particularly profitable exercise but then again I do not do it for profit but because I enjoy finding something new and possibly unique.
I've often wondered why errors are unloved.
For many people, rarity is everything. A 'blah, blah, blah table' is worth far more if its one of a small number produced or surviving for example. And one-offs can go for a fortune for no other reason (for example, 'Blue Poles', which is a piece of shyte IMO).
Yet when we come to coins, all that goes out the window. Ten or twenty bucks for a low mintage UNC decimal of which there are hundreds of thousand or even millions of examples, but you can't give away a unique flaw.
Even within the error 'community' you see this. A structural weakness that broke many dies and produced lots of similar errors, like the rabbit ears for instance, goes for a lot more than something that happened to a single die, and produced few examples.
AJ's cuffed roo is one of these. It's certainly not unique, but it must be a member of a very small family of examples. If the press operator was doing his job, it could be only a few hundreds or thousands. Which should put it in the same ballpark as a mule, surely?
Thanks for the comments team :good:
The bubble was meant to be in the coin and banknote mag RG, he didn't mention his book
Quote from: 'NZCoinerrors' pid='77706' dateline='1439470026'For example I will be releasing a new coin Mule in the Royal Numismatic Society Journal at the end of the year that has currently gone unnoticed.
Can you tell us what it is?
Quote from: 'Fulvio' pid='77709' dateline='1439471251'AJ's cuffed roo is one of these. It's certainly not unique, but it must be a member of a very small family of examples. If the press operator was doing his job, it could be only a few hundreds or thousands. Which should put it in the same ballpark as a mule, surely?
Maybe, but the chances of a mule are probably a lot slimmer than someone accidentally dropping something on a die.
Quote from: 'Fulvio' pid='77709' dateline='1439471251'AJ's cuffed roo is one of these. It's certainly not unique, but it must be a member of a very small family of examples. If the press operator was doing his job, it could be only a few hundreds or thousands. Which should put it in the same ballpark as a mule, surely?
Rarity is a two factor equation in numismatics. How many examples there are and the number of people who want them. AJ's coin may well have less extant coins than a mule, but how many people know about it and how many people who find out about it want one? Exonumia is littered with examples of amazing and beautiful medals (far nicer looking than coins) that are 200 years old, less than 50 known, and they are worth a couple of hundred dollars. Why? Not many collectors and no-one wants them.
Quote from: 'markn' pid='77729' dateline='1439513167'Exonumia is littered with examples of amazing and beautiful medals (far nicer looking than coins) that are 200 years old, less than 50 known, and they are worth a couple of hundred dollars. Why? Not many collectors and no-one wants them.
Too true Mark .....
Here's one of mine (not quite 200 years old, but getting there) along with a Noble link to the only other one I've seen.
http://www.noble.com.au/auctions/lot?id=239630 (http://www.noble.com.au/auctions/lot?id=239630)
(http://www.australian-coins.net/gallery/albums/userpics/11067/medal2.jpg)
(http://www.australian-coins.net/gallery/albums/userpics/11067/medal1.jpg)
Quote from: 'Unicorn' pid='77733' dateline='1439518098'http://www.noble.com.au/auctions/lot?id=239630 (http://www.noble.com.au/auctions/lot?id=239630)
(http://www.australian-coins.net/gallery/albums/userpics/11067/medal2.jpg)
That is a cool medal but you'll have to excuse me if I abstain from adhering to their suggested abstentions.
"I'll drink to that". :ireful: (nice)
Hi Ausjack,
I think all the folk who have already respond to your thread have pretty well covered everything. I think it is fair to say that most, but not all, collectors prefer to coins that have a start and finish like a set of sixpences or follow a particular theme such as a date set of $1 coins.
The thing about errors is there is no end to them. There is no way to catalogue them as no records are kept of their existence or mintage figures (obviously). Having said that, collectors who are passionate about them will certainly spend the bucks. Have a look at Noble's auction 109. Some really nice pieces attracted very strong prices. As others have mentioned there would be no better person than Ian to continue his massive commitment to this series.
Happy collecting mate
Greg
:laugh2: .... Mark & Robster
Likewise .... don't know what the Great Great Grandfather would be thinking of me :angel: (a pretty serious .... and sober ..... bunch apparently)!
Quote from: 'Greg McDonald' pid='77737' dateline='1439520561'I think it is fair to say that most, but not all, collectors prefer to coins that have a start and finish like a set of sixpences or follow a particular theme such as a date set of $1 coins.
Well I don't fall into that category. I'll buy a pretty coin any day of the week and it doesn't matter if I already have 20 or 50 of them.
Quote from: 'Greg McDonald' pid='77737' dateline='1439520561'Hi Ausjack,
I think all the folk who have already respond to your thread have pretty well covered everything. I think it is fair to say that most, but not all, collectors prefer to coins that have a start and finish like a set of sixpences or follow a particular theme such as a date set of $1 coins.
The thing about errors is there is no end to them. There is no way to catalogue them as no records are kept of their existence or mintage figures (obviously). Having said that, collectors who are passionate about them will certainly spend the bucks. Have a look at Noble's auction 109. Some really nice pieces attracted very strong prices. As others have mentioned there would be no better person than Ian to continue his massive commitment to this series.
Happy collecting mate
Greg
Thanks Greg :friends: I contacted Ian because of advice from here and he said he'd put the 2012 variety bubble into the coin and banknote mag but that was years ago and even sent him a coin so he could take his own photos and since then I have found a lot of other varieties but couldn't be bothered contacting him again and wonder how many others have done the same and feel let down :(
I like my errors/varieties but they don't seem to be much liked by other so I'm getting one hell of a collection :winkextra:
I like finding the errors and varieties but occasionally I will buy one if it is interesting.
So what one's interest you GS :blush2:
Anything that hasn't been found or discovered as yet.
At present I don't think I have found anything myself. I am just finding previously reported varieties/errors.
In saying that, I have found several varieties of errors/varieties already reported. EG: Size of Rabbit Ears, Back Cuds etc.
I still get a thrill in finding Mules and rotated 2010 50c pieces.
I suppose broadstrikes are always a nice surprise.
I'm still to find my first mule :cray: Haven't found and rotated 50's for ages and have a count of four and still only one 5 and one 10 cent broadstrike/out of collar but better than nothing :winkextra:
Quote from: 'Goldseeker' pid='79965' dateline='1443171793'Anything that hasn't been found or discovered as yet.
At present I don't think I have found anything myself. I am just finding previously reported varieties/errors.
In saying that, I have found several varieties of errors/varieties already reported. EG: Size of Rabbit Ears, Back Cuds etc.
I still get a thrill in finding Mules and rotated 2010 50c pieces.
I suppose broadstrikes are always a nice surprise.
Sorry I missed your more recent posts.
How was the cruise!?