Baby Boomer Pocket Change

Quarter Errors

I love looking for error coins. But you already know that if you have read any of my posts. So, here is an article from Coin World on quarter errors. Enjoy!

Tags: coins, Error Coins, quarter errors, Quarters

A Great Resource for Presidental Dollars

I found a website that provides great information on Presidential Dollars. I am placing it in this post so I can refer to it when needed. I was looking for errors on some of them and this site is clear in it’s explanation.

Here is a post discussing thesome of the basic errors you would find on the Presidential Dollars.

Tags: errors on presidential dollars, Presidential Dollars

I Brought A John Tyler Presidential Dollar Coin Roll

I just got a roll of the Presidential John Tyler Dollar Coin.  The coin was was designed and sculpted by United States Mint Sculptor-Engraver Phebe Hemphill.

A total of 87,080,000 John Tyler Presidential Dollars  were produced by the United States Mint. This amount was divided equally between the Philadelphia and Denver facilities. This is a very low mintage. I am finding out that when there is a lower mintage it can mean increased value in the future for collectors.

I plan to share some of them in a workshop as a bonus prize. Here is an article about this really nice coin which is 10th in the Presidential series.

Now, I confess, I am looking for errors. Most of the errors are being reported on the edges where there is lettering. Allow me to explain. The Presidential coins have writing on the edge. When some of the writing is missing or there are spacing differences or NO WRITING at all they are considered coin errors.

For example, on some of the coins the motto “In God We Trust, the date and the words “E Pluribus Unum should appear. A small number of the Washington Presidential coins are missing the writing. In some cases, some coins are missing other words.

I have found a great site that focuses on Presidential coins. They have a category for Presidential coin errors.

I think I just might open my roll. Don’t yell at me you seasoned collectors out there. I am discovering that I am half collector and half error coin adventurer.

Tags: coin errors, john tyler, Presidential Dollars

Did You Know That Some of The New Presidental Dollar Coins May Have Errors

I just recently read about some of the errors on the new presidental dollar coins. There is a great, easy to read, book on error coins  by Brian Allen and Ken Potter. It is called: Strike It Rich with Pocket Change.

One of the most interesting errors are found on the edge of the coins. You see, the new coins have writing on the edges. Some are missing writing, for example and that makes it an error coin. Of course the book shows you great pictures and indicate other errors as well as the average value.

Why is this important?

There are collectors that specialize in error coins. They will pay for coins to add to their collection as well as sell coins that have certain types of errors. Trust me, after you read this book  you will never look at any coin, regardless of the date, the same way you did before.

Now if you want to really see some error coins that are selling just go to an online auction like Ebay and search for error coins. That will be fun and educational.

Tags: coins, Error Coins, presidental dollars

Can You Believe That Someone Discovered a 1943-S Lincoln Cent Error?

I found a great site full of radio archives of radio shows all about coins. It is called Coin Talk Radio. So every now and then I will present some of their segments.  I am sure many savvy baby boomer coin experts will be the stars of some of these shows. I am going to tune in right now.

This  segment  features many guests including dealer Emil Torp and his rare discovery of a 1943-S Lincoln cent struck on a dime planchet, ANA Convention Manager Brenda Bishop, Kevin Brown of the Bureau of Engraving and Printing, and collector Paul Whitna from the floor of the National Money Show in Portland, Oregon.  And as always, host Bob Van Ryzin has the latest in hobby headlines.

Tags: coin collecting, money, penny lincoln 1943-s

10 Valuable Error Coins You Might Find in Pocket Change

I am fascinated about looking in my pocketchange now for possible errors.  I even asked a supermarket the other day to allow me to purchase a roll of coins. Anyway, I am on the hunt.

Here is an article I just read about 10 Valuable Error Coins that just might be in your pocket change. So read the article and start looking.

Tags: Error Coins, pocket change

Type of Error Coins-Overdate

Now I am really looking for overdate errors. They seem to be easy to pick up, just waiting to find one.

Overdate

In the past, it was a common practice for a mint to use a certain die until it broke. As some dies would last for multiple years, a figure would be punched over the old date. For example, some 1942 Mercury dimes show a 1 beneath the 2.(Wikipedia)

Here are examples of overdate errors.

Types of Error Coins-Strike Errors

Below is a definition of strike error coins by Wikipedia. Now, I suppose by now you know that a magnifying class is essential. Actually, you might need several with different magnifications. But more on that later.

Strike errors

Strike errors occur when the planchet is struck. It is a fault in the manufacturing process rather than in either the die or the planchet. A standard type of strike error is a broadstrike, where the rim image is not struck into the coin’s edge because the collar die was missing. Numismatists often prize strike error coins over perfectly struck examples, which tend to be more common, but less highly than die error coins, which are usually rarer, making it valuable.

Broadstrike errors are produced when the collar die malfunctions. The collar is the circular die surrounding the anvil (lower) die. It applies the edge device (reeded edge, plain edge) and prevents the metal of the coin being struck from flowing outside of the confines of the die. When the collar is prevented from working properly during striking, it may rest below the surface of the anvil die. All denominations of U.S. coins with a broadstrike have a plain edge.

Here are some examples of Strike Errors

Tags: coins, Strike errors

Types of Coin Errors-Hub and Die

Wikepedia defines hub and die errors:

Hub and die errors

Hub and die errors are the result of faults in the coin hub or coin die. There are many different kinds of such errors. Modern coins are still released with hub and die errors, because the defects are too small to be seen with the naked eye. A few exceptions exist, where the dies are used despite producing easily visible flaws. The 1955 Lincoln cent is an example.

Now before you get real excited note that there are, unfortunately, some phonies out there created to fool you. If you have one of the 1955 Lincoln cents that look like it has the die error have it checked out with a reputable dealer.

Bonus

Here is  a current sale going on now at Ebay auction for the Lincoln double die, 1955 cent. You will not believe what it is selling for. So, start looking closely at those Lincoln 1955 pennies.

Tags: coin die, coin hub, Lincoln cents

Type of Error Coins-Planchet

Planchet errors

Planchet errors occur when the wrong coin blanks, or planchets, are fed into a coin-stamping press. This results in a coin that has been stamped with a design intended for a differently sized coin; this is called a wrong planchet error. In addition, unminted or blank planchets are occasionally produced. The results are usually obvious errors that are also prized by collectors, though the errors are usually caught in manufacturing and destroyed. Blank planchets with rims are valued lower than those with no rim.

A Kennedy half dollar struck on a Susan B. Anthony planchet is extremely rare. Sacagawea dollars exist with a state quarter design on the back; this type of error is called a mule, and unintentional ones are rare.

Occasionally a misfeed can occur where a strip isn’t fed through far enough. When this happens, the punches strike an area of the strip which overlaps the hole left by the previous strike. The result is a blank with a piece missing. A clipped planchet is straight, curved, ragged, incomplete, or elliptical.

A wrong planchet occurs when a denomination is struck on a planchet of a different denomination. Some examples include cents struck on dime planchets, nickels on cent planchets, or quarters on dime planchets. Sacagawea dollars have been reported with statehood quarter designs on the reverse. A much rarer error is a U.S denomination struck on a foreign planchet (17th,18th, and 19th centuries only).

(Source: Wikedpedia)

I appreciated Coin Worlds’ explanation and deeper look at the types of plancet errors. The pictures are very clear.

Here is an example of an error coin on Ebay. It is a quarter on a nickel planchet.

Tags: planchet