"How much is this error coin worth?"

Started by Nevol, August 13, 2015, 08:17:23 AM

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Fulvio

Quote from: 'NZCoinerrors' pid='77749' dateline='1439539652'When I do buy Die fault coins (cuds, cracks or worn dies) I tend to look at the size of the fault.  I think bigger is better as the more drastic the fault the more likely it was picked up by the mint sooner so the theory goes there is less of them.  Smaller cuds tend to go unnoticed for a long time by the mints and you can often find that they have changed one die as it had a major fault but had not noticed the smaller fault on the opposite die that gets rather annoying to work out sometimes.

Interesting theory, but I'm not sure it holds water. Die damage comes in three broad flavours:

- Wear
- Accidental damage
- Structural flaws

Wear is obviously quite common, and the harder they try to work their dies to reduce cost, the lower the overall quality of the products. We've had some shocking years, remember?

Structural flaws will show up on multiple dies. Neck cracks, Rabbit ears, Fat 5's, Stole cuds, etc etc etc. Heck, sometimes it can be hard to find a coin that **ISN'T** an error!

For my money, Accidental damage is where its at. A dropped tool, A 'heavy' strikethrough, Rough cleaning, basically anything that damages a single die, especially towards the end of its life, or while a sharp-eyed and diligent worker is manning the press. This will give the shortest run and make that particular error rare.

Now, as to it being desirable, well, that's a whole 'nother kettle of fish, innit? You can lead a horse to water, you can't force him to bid on it. ;)
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NZCoinerrors

I agree and i think we are saying the same thing in different ways.  Sometimes harder to find a coin that does not have a fault and I used to record the numbers i found of each type but that got far to time consuming.  I also dont like to buy (from ebay or trademe) the smaller faults as these can often be found by noodling.  So I prefer to purchase the later progressions of a faulty die if I have not yet found a few.  Something that is so bad it is hard it stands out and cant be missed like the one below.

I only just found my second one these after getting the first by trading it for a few old tradesman tokens I did not want ( the other one is in better condition but filed away )

robbiegal

wowsa!!
i'm going to NZ in November
wonder if I will get one in change????

NZCoinerrors

Lol good luck I search about 2000 $1 coins a week looking for particular errors for people not to mention checking all the coins i count over the counter at work so when I found this second one I was over the moon.  If you do find one let me know if you want to sell it haha

Our new Banknotes will be the big thing in November and I cant wait.  Have been having a bit of a clear out of the UNC stuff to get some money to bring the new notes home from work.  The Reserve bank does not sell notes to the public but only to the security companies so it can be hard work to find true unc notes so I bribe the security company staff to get the new stuff delivered to my branch haha

robbiegal

you devil you
good luck and I will keep an eye out for a little lumpy kiwi coin in my change

markn

Quote from: 'NZCoinerrors' pid='77761' dateline='1439550403'I agree and i think we are saying the same thing in different ways.  Sometimes harder to find a coin that does not have a fault and I used to record the numbers i found of each type but that got far to time consuming.  I also dont like to buy (from ebay or trademe) the smaller faults as these can often be found by noodling.  So I prefer to purchase the later progressions of a faulty die if I have not yet found a few.  Something that is so bad it is hard it stands out and cant be missed like the one below.


That's cool.  I wonder how design got on the cud?
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Robster

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JeffH

QuoteI wonder how design got on the cud?
Me too. How can it still show some of the design on the cud when it should have been lost with the flake that went AWOL?
Thinking is dangerous, it makes you think. That\'s why many people avoid it.

NZCoinerrors

Thats a bit of a mystery to me also the other one I have does not have the design on it like this one does.  When I purchased the first one I got it was thought to be a one off fault.  But always nice to prove that theory wrong. I also cant work out how a cud this large is possible to be honest but here is the other one turns out it is not as good as I thought but at least I did take a photo and dont have to clear out the safe to find it unless I have 3 hmmm.   Have a Numismatic Society meeting at my house soon so might have a look after that to check


Unicorn

I think in the first one the piece of die that had broken (to leave the cud) was still partly attached, hence leaving a bit of the design. By the time the second coin came about, it had broken off completely.

Nevol

That's a super cud. :yahoo:  What year is it?
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NZCoinerrors

Quote from: 'Unicorn' pid='77803' dateline='1439602945'I think in the first one the piece of die that had broken (to leave the cud) was still partly attached, hence leaving a bit of the design. By the time the second coin came about, it had broken off completely.

Sounds good to me :-)

And the year is 2010

Fulvio

Quote from: 'Unicorn' pid='77803' dateline='1439602945'I think in the first one the piece of die that had broken (to leave the cud) was still partly attached, hence leaving a bit of the design. By the time the second coin came about, it had broken off completely.

Had it broken away as a single piece while remaining attached, the cud would be much smaller, and look completely different.

Keep in mind that most dies nowadays are chrome plated. The only way I could see this happening is for the break to have been in the underlying steel and it falling out the side, but leaving the plating in place. Sort of like the bubbling we see in the early stages of cud formation, but with nothing to contain the broken piece until the plating broke.

I can't see the plating lasting very long unsupported. A handful of strikes before it broke free perhaps. My bet is you won't find many more examples like this, if any.
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Unicorn

Quote from: 'Fulvio' pid='77811' dateline='1439610042'I can't see the plating lasting very long unsupported. A handful of strikes before it broke free perhaps. My bet is you won't find many more examples like this, if any.

I agree McDuck (and I want to know how you can still type when it's your birthday), there could be just the one broken strike and then it breaks off. Hence NZC you could have a "one of a kind". :good:

NZCoinerrors

QuoteI can't see the plating lasting very long unsupported. A handful of strikes before it broke free perhaps. My bet is you won't find many more examples like this, if any.


Sounds good to me but just to make sure I will keep looking :-)