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Understanding the benefits of collecting error coins
by D. L. Crane
Error coins can prove to
be very beneficial, Error coins are coins
which are improperly made when manufacturing,
this are also called Mint error coins.
These coins may be struck off centre, or have
the wrong placket type, which could be thick or
thin and many more problems that can occur
during manufacturing. The Mint tries very hard
to catch any errors but some do get by. Those
that do usually carry a premium value.
There are a number of
valuable error coins in circulation.
These are normally overlooked by collectors
because they have small distinguishing
characteristics that only error coin collectors
look for.
The most important thing is
to teach yourself which coins are valuable and
why.
Error coins are becoming more
popular with collectors, some are just
interested in getting their hands on something
rare, and others are more interested in what
went wrong during the minting process.
Coin collectors are suggested
to visit
http://www.bestcoin.com/glossary.htm
to benefit and learn more about the hobby of
coin collecting.
Here are some of the most
common of error and
mint error coins:
1) An Off Centre struck coin
are the most known error in numismatic. This
usually occurs when the blank doesn’t land
properly on the collar.
2) Broadstrike is another
form of error coin, this is error occurs almost
the same way a an off centre error happens, in
this coin the design can be off centre but the
lettering, and portrait are never missing from
this coin. No portraits are missing from the
coin.
3)
Error coins with
double strikes this happens when the error
coins fail to eject form the collar. This
means the coin is struck by the dies more than
once which causes marks on the coin.
4) Brockages - this happens
when a coin sticks to the upper die striking the
blank coin , the blank coin will have a mirror
affect image of the coin which is stuck on the
new coins surface
5) Indents this happens when
two coin blanks are placed in one collar. When
the upper die strikes it causes a depression on
the below coin, this is a
rare error coin.
You do not need talent, or
skill when starting out with your collection,
and you basically do not need a lot of skill.
Many Americans have started their collection
from their own pockets, collecting Quarters, and
trying to put together a complete set of one of
each State Quarter right out of your pocket is
not always at all. Searching through nickels
from rolls purchased from the banks is maybe
another way to start your collection. It is easy
to say that recently the most looked for coins
are
Error coins , some of which are worth
thousands .Error coins are easy to seek
under a 7x or 10x magnifier and maybe the
easiest way to find them is being able to go
through a lot of change quickly .
Here are some useful hints on
how to find
Error coins in your own
pockets:
Always examine your coins so the best way is to
sort your coins out . Check all your pennies,
nickels and try and find differences between the
coins,
If the error is hard to see
with a 10x magnifier, then it is not worth a lot
of money. It is important to look for letters
that do not seem right and are unusual, such as
doubling in the words, polish or grease, look at
the coin from different angles. You should
always focus on the date and mint mark as these
may be the most errors that make the coin
valuable. Check the die rotation as the US mint
take care in making sure the die is perfect , so
the coins you find which are out of rotation
maybe valuable .Check the edge and look for
missing edges , missing or doubled letters most
importantly.
Always set aside coins that
look odd, you will get used to the procedure the
more practice. You may be holding on to a very
valuable coin so watch out.
Getting reference books for guides isn’t a
bad idea especially for beginners, the most
recommended is the Official price guide to min
errors, and this book should set you on the
right track.
Please click here for more
information on
U.S. Mint Coin Errors
Go to
www.BestCoin.Com for a Free Coin Guide and
More Coin Collecting Information.
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