Why

robbiegal · August 13, 2015, 08:07:14 PM

I thought mc connelly's book was about pre-decimal errors, not the decimals

trout · August 13, 2015, 08:18:58 PM

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:

robbiegal · August 13, 2015, 08:45:52 PM

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!!

NZCoinerrors · August 13, 2015, 10:17:06 PM

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.

Fulvio · August 13, 2015, 10:37:31 PM

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?

ausjack · August 14, 2015, 05:39:15 AM

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

Mister T · August 14, 2015, 09:22:13 AM

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.

markn · August 14, 2015, 10:16:07 AM

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.

Unicorn · August 14, 2015, 11:38:18 AM

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

markn · August 14, 2015, 12:05:01 PM

Quote from: 'Unicorn' pid='77733' dateline='1439518098'http://www.noble.com.au/auctions/lot?id=239630

That is a cool medal but you'll have to excuse me if I abstain from adhering to their suggested abstentions.

Robster · August 14, 2015, 12:07:14 PM

"I'll drink to that". :ireful: (nice)

Greg McDonald · August 14, 2015, 12:19:21 PM

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

Unicorn · August 14, 2015, 12:23:12 PM

: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)!

purplepennyhunter · August 14, 2015, 12:48:15 PM

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.

ausjack · August 14, 2015, 01:05:07 PM

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: