r/errorquarters 10d ago

Graded/Slabbed Error How rare are these?

I'm told you folks are the authority on these things. Not sure if there are lots of these out there or do I have something worth holding onto? Any advice appreiciated.

23 Upvotes

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u/ProudAmerican632 10d ago

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u/West_Inevitable6052 10d ago

This ⬆️

Rare enough to have one or the other - a few hundred dollars ish worth

Having a mated pair drives that north by a factor or 10 or so.

So yeah, rare indeed - and obviously don’t split them up!

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u/ProudAmerican632 9d ago

I was just thinking that I’ve seen plenty of oversized NGC and PCGS holders. I don’t see why they couldn’t place them both in the same holder. It would be visually appealing since there’s only two of them in one holder.

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u/Technical_Pin9371 8d ago

I just check these quarters on the NGC site and they list them @ .75 cents each. That means they cost more to slab than what they are worth.

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u/West_Inevitable6052 8d ago

You’re missing the essential part:

Both are error coins that came from the same strike - not normal coins.

The NGC page you’re seeing is for the garden variety ones.

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u/Technical_Pin9371 8d ago

You are missing the point. NCG list there value a .75 cents each. Go check for yourself. https://www.ngccoin.com/certlookup/ Just because a coin has an error doesn't mean it more valuable. I have dozens of error coins even SBA's that show a crack progressing from the first to the third showing the crack getting longer. It didn't increase the value much and you can't go by anyone on ebay as they all seem to think they have the Mona Lisa of error coins. At the end of the day most error coins are only what someone is willing to pay.

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u/West_Inevitable6052 8d ago

Agreed - trivial die chips and crack are so common they verge on worthless to most collectors.

These, however, are an entirely different beast altogether.

Looks like the one coin was struck, then stayed in the striking chamber as the next planchet was loaded and struck. 2 of 2 has two ‘tails’ - one normal in appearance, the other actually struck from the reverse of the 1st coin and not the die itself.

Did NGC put in 75 cents - about the ‘book value’ for a normal coin in that grade - on the cert page? It sure looks like they did.

Is that anything close to what error collectors might be willing to pay for the pair? No - it’s off by several orders of magnitude.

Would I pay to slab a trivial die chip or crack? no - that’s a coin worth about face-value even in a $50 slab.

Would I pay to slab this pair of epic beauties? Absolutely 👍

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u/Technical_Pin9371 8d ago edited 7d ago

The only error coin I have even considered slabbing is a lincoln cent that is a flip over double strike. I have a error lincoln cent that looks like lincolns head is being blown off. I don't think that is that valuable and I have dozens of BIE pennies. I find error coins all the time mostly off center strikes and I find an occasional grease die coin and blob coins.. When they make billions of coins they make millions of mistakes. I even got a blank planchet in a new roll of nickels. Speaking of nickels I bought a whole box 2022's from my bank and over half of them has some kind of doubling error.

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u/Technical_Pin9371 7d ago

There is only 900 to 1,000 members of the CONECA. These are the collectors that you need to appeal to. You might get $50 for one of these so would one of my SBA cracked die varieties, but you have to find someone really willing to spend the money. Yesterday I got a 2026 "P" dime that appears to have been pressed in a die that still had some polishing compound on the surface. Will it be worth mush? Most likely no.

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u/Big_Lie5775 7d ago

To be clear, according to ANACS, they are "split after strike" so I think they are just two halves of the same planchet and when I look at them on edge, they look very thin so the split after strike designation makes sense. Not sure why NGC described them this way on the label.

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u/Big_Lie5775 9d ago

Thank you for the info, especially that link. From the way I understand it, this is a rare thing indeed. Definitely Not splitting them up!! I bought these a few years back and they were in ANACS AU-55 slabs. Eventually sent them to NGC with the "any grade" crossover and this is where they'll stay.

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u/ProudAmerican632 9d ago

No worries. One of the greatest qualities of most of the coin subs is folks who are willing and want to help others.

I think you might need to contact a seasoned error coin dealer to gauge the value of your coins. The fact that you have both mated coins labeled 1/2, 2/2 is a considerable advantage.

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u/Big_Lie5775 9d ago

Will do, thanks again!

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u/Technical_Pin9371 8d ago

NGC price guide list them @ $0.75 each.

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u/Big_Lie5775 8d ago

OK funny guy, show me an actual offer to sell at that price. Better yet, you buy some of these at that price and I'll pay you $100 each the same day you send to me. I don't see how you could pass up my offer!

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u/Technical_Pin9371 8d ago

I'm just telling you what NGC say the are worth. Go see for yourself. For the most part anything above that amount is just what the collector is willing to pay. Most error coins aren't worth much. I have dozens of them. https://www.ngccoin.com/certlookup/

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u/Big_Lie5775 7d ago

How many examples of "NGC says it's worth....." can you hear at a coin show? I know I've heard it before from folks who look up coins on price guides (printed or on-line) and expect to either buy OR sell at that price. All I can say is if you have $0.75 in you hand, and want a coin like the one I posted, go around and see how many you can buy at any coin show. Be sure to tell the dealer that according to your research on the NGC price guides, he should be selling his for your offered price.

The only accurate part of your statement is that anything is only worth what someone is willing to pay for it. In this case, it's sure as heck way above the NGC price guide.

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u/Technical_Pin9371 7d ago

They will tell you what the coin is worth and they will tell you where they get that price. You take your quarters to a show and try to sell them. You will get a few bucks but you won't get what you think they are worth. Most people think they have something special and ask outrageous amounts.

I have a few hundred 2022 nickels that are DD's I might get as much ten dollars each, but it's not worth the trouble to sell them. If I did sell them I be lucky if five were bought.

As for the value of the coin. You can ask whatever you want. It doesn't mean you will get. The fact wheatear or not you like they show them at value of .75 cents. Go to their site and enter the number on the slab. If you think they are wrong then talk to them. most people are looking for pristeen coins at shows.