How do people find error coins?

I looked through 24 pounds of wheats with a 16x loupe. I found 5 mintmark
errors, I won't say easily, but if I look at them closely now, I can spot them
without the loupe. It takes experience.

Mike

"Brian" wrote in message ...
I've never seen an error coin, so I'm guessing they're rare. How do most
collectors find them? (esp the off-color, off-center, or highly deformed
ones) Do they just get tons of rolls from the bank and search through them,
or what? If so, which banks should you go to and when should you go to
guarantee you're not getting rewrapped circulated coins?


If you were to buy a couple $100 face of Kennedy halves from
the mint, you'll probably find a couple of "struck thru grease"
coins.

Concerning circulated kennedy's...I'm surprised how so
many people try to abuse them and mark them up.

I've gone thru over $1,250 face value of roosevelt dimes and
was rewarded with just *four* die-clashes. Talk about misery.

If you start the habit of buying boxes of coins from your
local bank, you'll start to develop a keen eye for the
supergrade and error coins.

But if you try to price your findings by the current bid
price on ebay, you'll get discouraged. For whatever
reason, people aren't willing to pay much for a coin
unless a lot of people think the coin is special

But if you try to price your findings by the current bid
price on ebay, you'll get discouraged. For whatever
reason, people aren't willing to pay much for a coin
unless a lot of people think the coin is special

Makes me want to read the Fountainhead again.

"Brian" wrote in message
...
I've never seen an error coin, so I'm guessing they're rare. How do most
collectors find them? (esp the off-color, off-center, or highly deformed
ones) Do they just get tons of rolls from the bank and search through
them,
or what? If so, which banks should you go to and when should you go to
guarantee you're not getting rewrapped circulated coins?

Over the past week or so I collected maybe 400 Kennedy halfs from local
banks.
At first I opened up accounts but they never asked me so I just started
walking
in asking for any halfs they had. It seems they hate them so they want to
get rid
of them. I also got asked to take some dollar coins to I took some and
looked
at them. I found quite a bit of silver but the most interesting part was the
errors.
I don't know much about coins but I spent maybe 20 seconds with a 10x Loup
on each coin.
I found quite a few with doubled lettering. Only a few letters / coin which
confused me at first but a friend mentioned might be pivoting from a point
on
one edge. A couple with doubling on Kennedies face (kind of like a double
chin!), 6 or so die cracks. Most common is a crack from the bottom pointy
bit of his neck to the edge of the coin. Nothing big but clear under
magnification. One coin with dollars missing just a smooth area and
one coind with some kind of lamination error that wrapped around the
whole of one side (hard to explain this).
So its well worth doing this to see them. Makes your eyes sore though.
I doubt anyone would buy this stuff as its not major but it was great to
find it!
Neill.

Makes me want to read the Fountainhead again.


Those worthies like Alan who perform the often thankless task of filtering our
circulating coinage are true numismatic heroes. Slugs like me, who searched
change in the '50s, are unable to adjust to the very low yield of modern
circulating coinage.

Regards,
Tom

WinWinscenario wrote:

Makes me want to read the Fountainhead again.


Those worthies like Alan who perform the often thankless task of filtering our
circulating coinage are true numismatic heroes. Slugs like me, who searched
change in the '50s, are unable to adjust to the very low yield of modern
circulating coinage.

Regards,
Tom

In the way of errors, I've found a 1964 Jefferson struck on a damaged
planchet (design imprinted into areas of missing metal), a Zincoln with
a cud on the date, and a blank cent planchet. Those all from rolls.
Clips, I think, are pretty much impossible from circulation.

As far as yield of 'other stuff'...I'm saving about 5% of the nickels,
those that meet my standards. Today was typical, 24 of 400 which
included two canadians, a 1940-S, one War nickel, a couple 1957 (P).
The last 500 cents had two canadians (1981 and 1965) and three wheats,
1949, 1956 and a 1951-D. ;-)

Alan
'not all that apply are accepted'

"Brian" wrote in message ...
But if you try to price your findings by the current bid
price on ebay, you'll get discouraged. For whatever
reason, people aren't willing to pay much for a coin
unless a lot of people think the coin is special

Makes me want to read the Fountainhead again.

Go the whole route and read Atlas Shrugged.