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The error coin market has been humming along all year. The ANA, as reported in the previous blog post, was good, and as a whole, the coin market is “pretty hot.” The upper end errors, and many of the very eye-catching error types are selling well. We recently saw two errors that we sold for around $5,000 a few years ago, recently sell elsewhere for around $18,000 each! The market has truly maintained strength. Some of the most popular error types right now include the less expensive double-denominations (11c, 6c), errors involving world coins, major double-strikes, brockages, silver cents (pre-1965 cents on dime planchets) and the rare error types prices above $5,000. 

It has been challenging to find quality error coins at fair prices, but that’s what we are working on every day. In this most recent listing of coins, we offered the two finest known 1944 silver cents—a MS62, and an AU58, and at reasonable prices. Other fresh inventory includes a number of more affordable major errors priced under $100. These are certified, which also makes them much easier to resale when the time comes (one reason we are such a fan of 3rd party graded coins.) 

PCGS, NGC and ANACS have been grading errors for years now, but recently (in the last year or so) CACG also began grading errors, which means the hobby has plenty of options for graded mint errors. Although even grading services make mistakes from time to time, for the most part, they back up their work with guarantees of authenticity, and will compensate owners for coins that are counterfeit, or altered that were placed in their holders—this is essentially “insurance” for your collection, and makes them worth more than just the “grade and description” on the holder. For errors over a few hundred dollars, it’s generally recommended to buy them certified. 

This week, after submitting to join, we were accepted as a member of the PNG, which is a coin organization dedicated to fair dealing, treating customers with integrity and honesty, and is self-governing in this. If you’d like to learn more about the PNG, here’s a link: https://www.pngdealers.org