rim & mistrike errors

[jozk123]

Ausjack if the 2008 coin with the ring around it is a 5c IMHO they're quite common

[ausjack]

I just look with the naked eye and then if something stands out then I get my lookin glass for a better look and then zoom in with the pic's so the error can be seen better, sorry GS I'm still learning and want to know what are keepers so I don't do like I did before and end up with heaps of nothing so again sorry I didn't meant to up set anyone.

[Goldseeker]

Hey Ausjack, nothing you have said, (posted), has upset me.   I was just letting off a little bit of steam.

Everyone is too their own and if one wants to use an atomic microscope to look for varieties/errors, then that is their choice.

Me, use the naked eye, if found, then I use my x2 or x4 microscope for a closer look.

Me thinks that you and I are all on the same level.   Good luck.

Mules, rim cuds, out of collar errors, hat cuds are all visible to the naked eye.

I shall have to post some pickies of the errors I have found in my time.   I have some already posted throughout the forum under various topics but I should now post under my own topic for those interested.

My problem is with the many errors I have collected, I might run out of space in my "picture posting" limit.   I just might have to do a link to my error collection once I have worked out how to do it.

[ausjack]

Thanks jozk, it's a 10 cent mate

:laugh2: all good GS I know what that's like :winkextra:

Yeah I agree as it's too much strain on my eyes so mine is a pretty quick scan so I suppose a lot here would like to look thru what I take back as well my main one's are wavy 66, incuse and mule and any others are a just bonus..that bloody mule is still eluding me, I'll get him one day :good:

yes your collection is to die for..gee I'd like what the mint has of your let alone what other goodies you'd have

[Coins from Vending]

.....

I am of the opinion that many so called "coin collectors" call anything nowadays a "variety" because something is oh so slightly different from another coin of the same denomination etc.

Take for eg the bloke on ebay, errorhunter,



I am not errorhunter on Ebay, my user name on Ebay is watchtherocks
This is who your thinking of

http://www.ebay.com.au/sch/Coins-/58520/i.html?item=161078772155&pt=AU_Coins2&hash=item25810b01bb&_ssn=ronnyparker

[ausjack]

I was waiting for that :laugh2: best be paying them a visit EH and sort this out if they're gonna keep givin ya a bad name I didn't think it was you :winkextra:

[Unicorn]

Errorhunter ..... I can't see why you single that seller out? I just looked through all their items for sale and think most of it is pretty reasonable (didn't see any jousting sticks though). Sure some of the errors might be common to us, but so be it. 10 x 50c pieces staring at $10 and $2.50 postage, looks reasonable to me.

Check this out ..... if I had a FJ I'd have bought it by now.
http://www.ebay.com.au/itm/161078497713?

[Coins from Vending]

Errorhunter ..... I can't see why you single that seller out? I just looked through all their items for sale and think most of it is pretty reasonable (didn't see any jousting sticks though). Sure some of the errors might be common to us, but so be it. 10 x 50c pieces staring at $10 and $2.50 postage, looks reasonable to me.

Check this out ..... if I had a FJ I'd have bought it by now.
http://www.ebay.com.au/itm/161078497713?

I didn't see anywhere where you've questioned goldseeker to show the identity of the person on Ebay he was "trying" to think of?

No, your happy to go along with him stating my username as an ebay seller selling garbage.

[Unicorn]

Well errorhunter, that's not too polite .....

Firstly, I know what your ebay username is and I know it's not errorhunter. You might have a short memory, but mine's bl00dy excellent! It was only the other day we were all debating the purple $2 on listed on your ebay account ...... so I knew damn well thanks.

Suggesting we are ganging up on anyone is where I draw the line, hence my comments on your seller ...... are they here to defend themselves ...... don't know, but I stated an observation that I could see nothing wrong there.

Did I defend comments posted where someone who was obviously trying to rip people off (posted last night) ..... no. I supported those comment because I agreed with the conclusion.

[Goldseeker]

Errorhunter ..... I can't see why you single that seller out? I just looked through all their items for sale and think most of it is pretty reasonable (didn't see any jousting sticks though). Sure some of the errors might be common to us, but so be it. 10 x 50c pieces staring at $10 and $2.50 postage, looks reasonable to me.

Check this out ..... if I had a FJ I'd have bought it by now.
http://www.ebay.com.au/itm/161078497713?

I didn't see anywhere where you've questioned goldseeker to show the identity of the person on Ebay he was "trying" to think of?

No, your happy to go along with him stating my username as an ebay seller selling garbage.

If you have think I have labelled you a poor seller, I apologise.   You are not the seller I am talking about.   I knew as soon as I posted my comment that someone would take offence at my comment.   I should have stated that my naming of the Ebay seller is NOT the error hunter that is a member of this forum.

If you have taken offence at my post, then please accept my apologies.

.....

I am of the opinion that many so called "coin collectors" call anything nowadays a "variety" because something is oh so slightly different from another coin of the same denomination etc.

Take for eg the bloke on ebay, errorhunter,



I am not errorhunter on Ebay, my user name on Ebay is watchtherocks

This is who your thinking of

http://www.ebay.com.au/sch/Coins-/58520/i.html?item=161078772155&pt=AU_Coins2&hash=item25810b01bb&_ssn=ronnyparker

PLEASE SEE MY AMENDED POST THAT SHOULD CLARIFY THE SITUATION.

[cracker]

Would any of these be worth noting as a mistrike.
[attachment=2219]

[ausjack]

these are the things I'm trying to find out so sorry I'm no help mate..keep them for now as you can always put them back at a later date but it's a bit hard to get them back from the pond

[Nevol]

Would any of these be worth noting as a mistrike.

Not as far as I can make out, however a few do look to be a tiny bit off centre.  

If you already have them, check out the milling for any variance from normal. If you're considering buying them, don't spend too much on them.

[Cobwebs]

An off centre coin would be struck outside the collar die. If there is edge reeding all the way round then it would be a normal struck coin. The variance in the rims is more likely to be a worn collar die and or presses.

[Fulvio]

I am not errorhunter on Ebay

Yeah, goldy said that, in big red letters even.

One question to ask yourself is, why keep them?

OK, I know I've had this discussion with various people, with inconclusive results. So here's my take:

First up, for any given coin, there are a finite number made. And from the moment they leave the dies, they start collecting damage. Though long, their lives are limited, and with every passing year there are fewer and fewer examples, and they're in worse shape.

Secondly, you can keep anything many times, but you can only dispose of it once. You can't wish back that mule or 1930 penny you spent back when you were uninformed.

Thirdly, nobody knows the future of this or any other hobby or passtime. Who knew that the country would be overrun with mini property tycoons because of a couple of TV reno shows, and house prices would shoot up 1,000% overnight? The same could easily happen if coin collecting got the right kind of exposure and everyone caught the bug.

So, I keep everything that is interesting. That means any UNC, rare year, variety, error or flaw I come across. I usually draw the line at blowing a fortune buying someone else's finds, though Goldy has this trip to pay for...

So why do I keep these truckloads of coins? Simple. When  take something out of circulation, I halt the degeneration of that item. It stops wearing, and whether it was UNC or VF or whatever, it isn't going to get any worse. I even try to remove contaminants that would have destroyed it over time. This I view as simply conservation. Kind of like not knocking down your great-great-grandfather's house, which may or may not have some future historic significance.

Is everything I have valuable? Heck no. But almost all of it worth what I paid for it (apart from a heap of NCLT from before I wised up). And the cost of ownership is only the lost interest I might have earned had I deposited them somewhere. 5% tops. Its not a fortune, and wouldn't have turned me into a mogul, so who cares? And its still cheaper than golf...

Yes, there are minor errors and flaws. So? I can't even SEE the date on a coin with my fixed-focus Mark II eyeballs, let alone an overdate (yet people go all stupid over those, don't they?). I have to use magnification (10x loupe) for everything, even reading instruction sheets, so its no biggie. If I see something that shouldn't be there, or is missing, that's the end of that coin's travels.

In my experience, about 5% of any random quantity of coins are keepers. So lets put that into perspective...

A coin, say a 2048 $3 flying kangaroo, has a mintage of four million. There are cuds on King William's chin, forehead, and nose. There are die fills in the date and the K, there are rim cuds on the reverse in two spots, there is a filled R in dollar, and the roo has rabbit ears. Plus it comes to light that there is both a large and small obverse, with pointy or flat A's

So our future coin has two varieties and nine errors. One of the varieties is 10% of the mintage, for 400,000 coins. The errors vary from 1:50 to 1:1000, for 4,000 to 80,000 examples. Fewer for multiple errors. And there are also the usual flaws... ripped planchets, cold shuts, a couple of mistrikes, maybe an off-metal planchet. But since flaws are all unique, they are automatic keepers anyway, and don't enter into this discussion.

So lets say that in total there are 800,000 varieties and errors that are keepers. That's a lot, right? Well, no. Because there are only 4,000 possible complete sets of errors, and any serious collector is going to want all of them. In the best possible grade. And the earlier you pull them out of circulation, the better they're going to be.

Suppose that some time in the intervening years some genius at the RAM comes up with a non-idiotic way to promote the hobby, and it takes off. The collector population expands to three million people, 10% of the population. Of these, 20% get into errors. That's 600,000 people chasing our 400,000 varieties and 80,000 or fewer errors.

Do you want to be the guy who threw back all those UNC nose cuds because they weren't huge, only to later find there are only 4,000 in existence? How many mules got tossed back in their first 4 years in circulation before people recognised their value? Or 1930 pennies, for that matter.

Like I said up there, you can only throw something away once. So I'll very happily sit on everything until I'm absolutely certain I no longer want to hang onto it, or I need the cash.

Oh, and just in case you think this is all a bit whimsical, here's a little assignment for you. Dig out your federation state coins and a magnifier and see how many different errors you can find. And this is on coins with around 2 million mintage.