Why Error Coins Fascinate Collectors?
In the world of numismatics, few things spark excitement like discovering a rare error coin. These “minting mistakes” not only hold monetary value but also tell fascinating stories of history, technology, and human error.
What Exactly Are Error Coins?
Error coins are coins that deviate from the U.S. Mint’s intended design due to mistakes during the production process. These flaws can range from subtle variations to striking anomalies, making them highly collectible and sometimes worth thousands of dollars.
Think of error coins as accidental rarities — products of imperfection that turn ordinary coins into extraordinary finds.
Types of Error Coins
1. Planchet Errors:
Planchet errors happen before the design is struck. Examples include:
- Clipped Planchets: Coins with missing crescent-shaped sections.
- Wrong Planchet Errors: A design is struck on the wrong metal blank, such as a dime design on a penny-sized planchet.
- Improper Alloy Mix: Visible streaks or discoloration due to inconsistent metal composition.
2. Die Errors:
Die errors occur when the die — the engraved tool that stamps the coin — is damaged or misaligned. Look for:
- Doubled Die: Designs appear doubled, like the famous 1955 Lincoln Cent.
- Die Cracks: Raised lines or blobs due to cracks in the die.
- Re-punched Mint Marks (RPM): Mint marks struck more than once, creating a shadow effect.
3. Strike Errors:
These occur during the actual striking process:
- Off-Center Strikes: Part of the design is missing.
- Broadstrikes: Coins that spread outward due to missing collars.
- Multiple Strikes: Coins struck two or more times, creating overlapping designs.
Why Error Coins Matter?
Error coins hold both historical and financial significance:
- High Collector Demand: Unique anomalies are prized by numismatists.
- Investment Value: Rare examples, like the 1972 doubled die Lincoln cent, regularly sell for thousands of dollars.
- Educational Insight: Each error provides a snapshot of minting technology and quality control from its era.
Expert Tip: How to Identify Valuable Error Coins
Before you sell or submit a coin for grading:
- Examine it under good lighting and with a magnifying glass.
- Research similar errors using trusted resources.
- Get a professional evaluation to avoid misidentification.
PGS Gold & Coin: Your Trusted Partner in Coin Collecting
At PGS Gold & Coin, we’ve helped thousands of collectors and investors understand the hidden potential in their collections. We offer free in-store evaluations to help you understand the value of your coin – before you commit to the time and cost of professional certification.
If you want to better understand the value of your coins, PGS Gold & Coin offers free in-store evaluations — allowing you to learn the worth of your items before pursuing professional certification.
Why Choose PGS Gold & Coin?
- Trusted by families across Chicago and surrounding suburbs since 2008
- Certified, knowledgeable appraisers with expertise in coins and precious metals
- Transparent pricing with no hidden fees
- Multiple convenient locations and a discreet, welcoming environment
- Optional on-site estate consultations for large or complex collections
For over 17 years, PGS Gold & Coin has provided professional, friendly service to thousands of satisfied customers.
📍 Visit a nearby location or get started online at staging.pgsgoldandcoin.com