Article by:

Al Levy

Double Denomination & Off Metal Mint Error Sales

Here are records of recent sales of double denomination & off-metal mint errors on eBay from October 1, 2009 to December 31, 2009.

1. All lots had buyers. If the coins actually changed hands is unknown.
2. A picture accompanied each lot or it was not recognized.
3. Blurry pictures or other problems are notated under “observation.”
4. Items mislabeled commanded a small premium.
5. Some lots changed hands more than once.
6. Any scratches, dents or defects notated were either in the description or grading service’s holders.
7. Auction houses that listed these errors were ignored.
8. Shipping charges are not included.

One of the most popular error types are double denominations. The high end “common dates” graded over MS66 have dropped in price. However, the sellers are still not willing to reduce their ask prices. Collectors need to realized that for some dates and mintmarks only a handful are known to exist. Eye appeal will generate a higher price paid than a grade. When a new seller lists this error type and does not utilize quality pictures or descriptions, they sell for a fraction of their real value. My charts reflect this decrease. This does not mean prices dropped. It means the buyer may be able to turn a quick profit by reselling it. Keep in mind that eBay sales are a small fraction of the true error coin market. Dates, mintmarks and grading services all make a difference in value. Read over my notes to help you decipher the real market.

There are date collectors for off-metals. Completing this may not be possible. For the collector that has been looking for specific dates to come on the market may have been waiting for decades. So, it is not unusual to see an MS64 example sell for the same price as an AU55. If you do not stretch for this coin, it may not show up on the market for another decade.

Off-metals have a very high eye appeal. Cents struck on dime planchets have always peaked collectors interests. Same with nickels or quarters struck on cent planchets. Check out the price variance between an example that sells that has a brown color to one that is a full red. The red coin may bring twice the price due to EYE APPEAL!

Check out the price realized for the 1c/10c 1919. It is damaged and graded net “good details!”

Multiple errors on off-metals are highly desirable. There may only be one example of an off-metal struck off center. Or, double struck plus off-metal.

Common are the 25c 1970-D on 10c stock planchet. Try and find examples for other years or on other denominations. These are very under rated and under valued error types. Some collectors hope to determine that these errors are actually struck on a foreign blank. The problem with eBay, there are many coins being sold as off metals, off stock. Please refer to my chart on “Counterfeits/Questionable errors.”

Copyright Ⓒ 2010 All rights reserved. Legal notice.