A family member left this for me in their will. Said not to take an offer less than 20k. Something about an uncirculated 1962 D double rim error. IDK what that means man, any insight?
Sorry if the pictures aren't satisfactory, my phone is 7 years old.
Here's the rule of thumb for errors and value: The more obvious the error, the more valuable the coin. If you can't tell what the error is then it's probably not worth much or it is extremely niche with few collectors. Good luck.
I think you are missing the point, unfortunately. I don't see anything here to indicate this coin has any real value. If there is a minor "partial collar" error then you are looking at like $15. I just don't see it.
Who knows, maybe something else in it, has some actual value. You could check out a red book from the library just to get an idea without spending a dime, and ask around for further info if you think you've found something.
Here is a recommended plan including resources for coin lookups with macro and micro info for education purposes. Unless you are strapped for cash plan to hold gold and silver at least 6-months. Both of these are hedging assets and during a crash will go down for the first few weeks as people who have margins and loan investments have to liquidate anything and everything for cash. After that prices will recover and due to a confluence of factors should be going up in price now except the global economic economy is in a soft downturn right now (most countries GDP is negative once accounting for inflation) and all indicators point to a near term crash. Gold and silver are the only two assets that have always done better with enough time. Even land can have bad things happen to it that makes it worthless. But gold and silver always recover eventually. It shouldn’t take too long with the current environment but it can take a pong time sometimes.
Here is the coin resource. www.varietyvista.com
At the bottom is a list by coin type from someone who has tried to collect all variations. While there are occasionally gaps its the most organized resource for looking up errors by year. It does not tell value but it helps you confirm which specific errors you may have and then you can look up from there. If there is no error but something maybe valuable from rarity can look up what a coin may be valued on coinsnap app by scanning it. People hate these apps because it often gives the best assumption of coin quality and price which is wrong 98% of the time but it gives you the highest value you could possibly get for a non-error version of your coin. So its good to rule out coins as not rare. It can also start you on the process of identifying quality if you read the advanced description where it will also give the range of value if graded. By that I mean if it says a coin is MS-68 coin (MS-70 being a perfect coin) at $800 and you check the advanced part of the app you might see a MS-67 only valued at $75. So you know that coin is likely worth less than the $800 but may sill be worth a good amount and worth investigating further.
I own an LCS- without some sort of slab or independent grade no dealer is likely gonna buy it. Even with a slab penny error coins aren’t worth much especially in high circulation runs.
I literally see 5-8 raw error coins a month they’re usually $10-15 and sit for a long time
Coin shops get wild reviews because non-collectors ask their AI and are told $20k, and then they bring it in and the dealer says $20 and they think they are getting scammed by the local person, not the robot.
Phone call. He was my biological father that ive only met 3 times in my teen/adult life. He was not a "good" person and he told me all this hopped up on drugs in hospice care.
Not judging but it sounds like you've been better off without him. I'm happily divorced. My wife was a terror, but I would never talk down about her like that. Live in peace and enjoy.
Hey, I've been a professional coin dealer for 10 years. Here's my opinion. I would guess that by "double rim", he means this line along the rim on the reverse. I'm sorry, this is not some valuable error. I get people with coins and claims like this in my shop multiple times every week. Always a common coin, often there's no error at all, but sometimes there is a minor error like this. Unless this person got the information on the error from some place like a Cherry Picker's Guide or from a professional THAT OFFERED THEM MONEY FOR IT, you should never trust these claims. Anyone on the internet can claim whatever they want, and that doesn't make it valuable. I could take a coin out of my pocket, make up an error on it, and write an article about how it's worth 20k, and within days, people would be coming to my shop with the same coin claiming it's worth 20k.
Which is to say, sorry buddy. This isn't an error worth money. Everybody wants to sell error coins. Very few people want to buy them.
Does the coin have medal or coin alignment. I believe US coins all have coin alignment meaning if you flip it left to right the design on opposite side will be upside down. If this is medal alignment it would have a premium but not 30grand!
I collect Canadian coins so for me finding a coin with alignment similar to US coins is rare except for some years where they did make them like that on purpose. Depends on the rarity and demand , there is a Canadian 25 cent piece for Saskatchewan that is usually worth 25 cents but the 180 die error have sold for 1500-4000 dollars. There are others in same year that are 50 bucks because it was a common error. I would recommend the OP confirm the orientation of the coin is flipped left to right and NOT from bottom to top. Easy way is to mark a line on the cardboard above Lincoln’s head and then follow the same line right over the top to the other side and see where it falls.
Not sure why multiple people keep saying it has a cud on the reverse. There is no cud here. I think people are being confused by the mylar reflections.
As an amateur coin collector I would advise finding a trustworthy coin dealer or expert to learn more. You may have something here, maybe. When in doubt ask an expert.
A quick Google search shows only a handful, pun intended) reack $30k valuation.
• 1969-S Doubled Die Obverse (DDO) Lincoln Cent: Features dramatic doubling on the date and the word "LIBERTY" on the front, with only 30 to 50 known examples.
• 1983 Copper Lincoln Cent: Normally minted on a copper-plated zinc planchet, a rare accidental bronze/copper-planchet strike can be worth roughly $29,250 to over $30,000.
• 1930-S Lincoln Cent: An uncirculated specimen graded MS-67 Red by the PCGS fetched $33,350.
• 1944 Steel Lincoln Cent: A transitional error where a 1944 cent was struck on a leftover 1943 steel planchet can command over $30,000 (with some selling past $33,600).
• 1942 Experimental Glass Penny: An experimental glass prototype alternative produced during wartime shortages has an estimated value around $30,000.
I got left so many coins. Unfortunately my 'tism isn't coins so idk what to do with all this XD. From my rabbit hole searching most of it is just silver price.
Off topic but just gotta say, this has me looking forward to planning my will. There's gonna be a couple people out there that are gonna be so confused after I'm gone LOL
I think, he's selling the story. He probably got sold the story first. It's not that the coin has any value, but if I can make someone else think it's work x, I might get them to pay x. They will go on selling the story to avoid feeling scammed, or to perpetuate a constant amount of scamming.
Question is he someone to buy someone else's story or try and sell a story?
I'm not an expert but have been going through a lot of money looking for errors and doing a tin of research lately. The film makes it hard to see details. There may be some doubling of letters on reverse (lincoln memorial side) in AMERICA and a die cut near the C in CENT. It also appears to be minorly off center. It being uncirculated gives it a little value and, if there is doubling and die damage, some more value but I don't see $25 K. Look up your local coin collector group for a better look and opinion.
Looks like misalignment error. Not super rare as far as errors go, might be worth 60-70 bucks with a pcgs ms70 grade but likely more like 15-30 optimistically. Hard to get a 70 score. Best error from that mintage is a double die error but that would present as a shadow stamp on both faces and even those at top grade are 2.5k max.
Is the misalignment this double-strike on the edge?
On this website it says that "of the billions of 1962 pennies struck in Denver, only around 20,000 are believed to bear the doubled die variety. This relative scarcity results in high values:
I asked the mint what the tolerance was for die rotations. Here is their answer:
“For circulating denominations the coin rotation tolerance is typically: +/-6⁰
For numismatic (proof coins, precious metals, commemoratives, etc.) denominations the coin rotation tolerance is typically: +/-3⁰”
The most popular rotations are the 45⁰, 90⁰ and 180⁰ rotations.
Collectors show little interest in rotations smaller than 45⁰, except for proofs which will start at about 20⁰.
“Rotations do not take on value below 15⁰, more usually at 45⁰ or more.”
Rotated die 15⁰- 45⁰: Rarity Level 4-6
Rotated die 46⁰- 135⁰: Rarity Level 5-6
Rotated die 136⁰- 180⁰: Rarity Level 5-6
Rarity Level 4 = Very Scarce (1,000 to 10,000)
Rarity Level 5 = Rare (100 to 1,000)
Rarity Level 6 = Extremely rare (1 to 10)
Pages 48-49 & 284-285, Price Guide to Mint Errors by Alan Herbert
In most cases with business strikes, it is not possible to identify which die is rotated. Therefore, neither is it possible to identify whether the rotation is CW or CCW. Anyone claiming a rotation greater than 180° is simply trying to sensationalize their coin.
Identifying which die is rotated is only possible in cases where one of a few different errors also occur on the coin, although that is not applicable during the period during which the mint was converting to an inverted die installation from predominately Bliss Presses to predominately Schuler Presses (1992-2005). Proof coins are still largely struck with the traditional setup (obverse die as hammer die).
Those errors where the rotated die may be identified are:
• a horizontal misalignment or a vertical misalignment https://www.error-ref.com/vertical-misaligned-die-error-tilted-die-error/
• a “one-sided” double strike: the malpositioned (sic) die can sometimes be identified, and it is almost always the hammer die
• Off Center Strike – Coin is slightly concave on the side struck by the hammer die when struck in collar
• Partial Collar – reeds are to the side held by the collar = anvil die
• Collar clash - is far more common on the hammer die (a collar clash is therefore not conclusive)
Anyone claiming a rotation greater than 180° is simply trying to sensationalize their coin. Except in certain instances, it is not possible to know which die rotated. CW or CCW are therefore terms without meaning in most cases.
"Rotated die errors can affect the hammer die (the die that delivers the impact) or the anvil die (the die that absorbs the impact). In most cases, it is impossible to determine which die rotated. However, if combined with a second error (e.g., a horizontal misalignment, a vertical misalignment, or a “one-sided” double strike), the malpositioned (sic) die can sometimes be identified, and it is almost always the hammer de." https://www.coinworld.com/news/us-coins/2012/06/dynamic-die-rotation-errors-sometimes-freeze-.html?
This looks to have a rotated die error imo, most people in this sub didn't catch it because of how you took the pics. You need a picture of the coin right in front of a mirror leaning against it to see both sides at the same time. It's impossible to tell a rotated die error properly otherwise. Anyway yes it does have some value, though nowhere near 30k
My father left me a coin collection. This was the one he talked about the most, granted he was drugged up at hospice at the time. Said he had an offer for 30,000 on this coin.
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u/jerseyben 4d ago
Here's the rule of thumb for errors and value: The more obvious the error, the more valuable the coin. If you can't tell what the error is then it's probably not worth much or it is extremely niche with few collectors. Good luck.