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MintErrors

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  1. <H1> Coin Show Attendance and Sales Down for 2017 </H1> My experimentation of coin shows is almost complete. That is while we are heavily vested in bringing to life an Online coin store which we will pack with Lincoln Cents, Kennedy Half Dollars and Morgan Dollars. In the not too distant future, we will probably expand the products we sell online to include US Half Cents, US Large Cents and Indian Cents. The sky is the limit when it comes to having stock available online. Coin dealers can only display so much merchandise on their tables until it becomes a heap of confusion. Our online store will be as organized as possible. We are planning on offering some short-fused sales on select coins throughout the year, so make sure you bookmark our site, or sign up on the Coin Forum to receive notifications when items are going to be on sale. I have attended quite a few coin shows in 2017, and there weren't too many blockbuster shows to speak of. I ask many of the coin dealers that are trustworthy and are willing to speak the truth about the sales and people at their tables. many a promoter will simply say "We had a RECORD turnout this year, and there were many dealers that are reporting great sales". When asked about who these dealers were, and what items sold for them, there is no solid evidence. I DO see a mediocre amount of customers within the coin shows, but in 2017, they seem to be window shopping more than actually buying. I talk to many sources during shows, I let them tell me their side of the story at length. One coin dealer was actually frustrated. He says to me, "I don't know what is wrong, I keep striking out. I have not made one good sale". Paraphrasing another coin dealer, he was willing to give his side of the story and bluntly said "Dealers at shows are here because they don't know technology. People AREN'T buying at coin shows because the majority of coin dealers that are at shows refuse to budge on prices and they are grumpy. Online coin sales are killing the coin shows. A person need not attend a coin show. All he or she has to do is go online, find what they are looking for and when they do, they don't even need a loupe. They can magnify the coin up 20 times or better and see what they are buying. The customer can buy coins online a lot cheaper than they can get at shows." One person attends almost all shows in a large east coast zone. he attends these shows, and he is dynamite at assessing the attendance of the shows. I can trust his judgement and he has a keen eye when it comes to making an opinion on some of the shows in a three to five our trek away from my home. I sat down with him as he flipped through his calendar of events that he attends. in a nutshell, there were only one or two additional shows in a 300+ mile radius, that were longer than one day and had the people in attendance and were actively buying. This man travels to 50+ shows a year. He has both one day venues as well as three to four day coin conventions on his list and he makes notes on them all. It's a sad day when he, and I reflect and come to a somber conclusion that coin shows are slowing down pretty quickly. I have other examples, but I want to limit the size of this post. When I dive into something, I prepare myself pretty well. I document as much as I can. I talk to dealers that travel to coin shows in Virginia, North Carolina, West Virginia, Delaware, Pennsylvania and Maryland. The bottom line is always sales from customers, not sales between the dealers. There are many other website articles that mention this very subject. They document major coin shows across the country as low attendance and mediocre sales Here are a few references: U.S. Mint Gold & Silver Bullion Coin Sales Down Two Years in a Row Gold-Coin Sales Drop to Decade Low as Retail Buyers Flee: Chart U.S. Mint American Eagle gold, silver coin sales fall sharply Why is attendance down at Coin Shows? There are hundreds of articles that express the concern at coin shows where people give their side of the story on coin show attendance being low, as well as coin dealers saying some shows are great, but there were less people than last year. The writing is on the wall, much like many other types of shows that died at convention centers and venues across the US, the coin shows are the mercy of online sales.In my opinion, online sales are a better alternative. There are many Pro's to this: - You don't have to wait for a coin show to come to your area - You don't have to visit a coin shop with redundant stock - Online coin stores typically carry slabbed coins. Third Party grading service typically is far superior to any dealer who is not a certified coin grader. - If you have a problem with a purchase, online returns are easier than tracking down a coin dealer attending shows. - Online coin purchases can be researched at your leisure, with no pressure or distractions - Online coin sales allows you to search multiple websites for the product and find the best value. - Online coin sales typically can be lower. Coin dealers at shows need to pay table fees, hotels, food and transportation fees when attending shows. In closing, it's up to the coin collectors to keep the coin shows alive. It's up to the coin dealers to offer items at fair market value, and to offer items which the customer expects at a price which is affordable. most of the coin dealers I have witnessed in the 5 state region are older people, some close to 70+ years of age. The majority are over 65, retired and appear to want to get out of the house and do something. Some coin dealers simply rent one table, throw some merchandise on the table and talk all day long with other dealers that are willing to listen to them. From the promoter's side of the house, things need to change. The good ole' boy network that exists needs change. All dealers should be treated equal, but in many cases that is not the case. The only way the coin shows are going to stay alive is coming up with a marketing plan that will draw in the younger generation that are avid coin collectors. Simply offering them the same ole' prize show after show, dealers offering bullion at over inflated prices, redundant stock and some dealers who are not the most pleasant people on the planet make up a event that could fail any given year. My goal is to attend select shows that have more merit, trustworthiness over all of the other coin shows across the eastern USA. As we look forward to 2018 and further, we will list our coin shows we attend on our calendar of events. This post is our opinion of what the coin market and general population of coin collectors and coin dealers that have attended shows in 2015, 2016 and 2017 and were willing to offer their honest opinion on the coin collecting hobby. I'd love to hear your side of the story on this topic. Simply join the Online Coin Forum and make a post. It's easy and free !
  2. I was at the Virginia Numismatic Association Show when John approached me and he mentioned he had a 1960-D Lincoln Cent bag that his dad had purchased quite some time ago. John said the bag had been stored in an ammo crate since 1964. John said he wanted $250.00 for this bag and the contents of the bag were 1960-D small date Lincoln Cents. I told John I only had a handful of 1960-D small date rolls, and several hundred of the 1960-D Large Date rolls. John said, you can have 100 more rolls of the 1960-D small date Lincoln Cent rolls if you buy this bag. I said OK, fine, I'll purchase the bag. John did note we would have to meet up somewhere in the not to distant future so he could get the bag to me and I could pay him for the bag. We decided to do this near his location in December 2017. We coordinated a time and place to make the sale. In December, I pulled into the parking lot, and I seen John sitting in his vehicle. he had an older version of Coin World he was reading, about the coinage of the 1960's. He was reading about the 1960-D small date as I approached his vehicle. John seen me coming, and swung the passenger side door open for me. In the floorboard of the vehicle was the aforementioned bag, closed with three clothespins. The bag itself wasn't an ordinary bag. it was from the Treasury located in Washington DC.John welcomed me, shaking my hand, and I got into the vehicle with him. John proceeded to tell me some of the items he had read about the 1960-D small date Lincoln Cent bag, and how the bags, back in the day went for close to $2,000 usd. John's dad was a banker, and he was able to purchase this bag. Back then, the US mint was very reluctant to acknowledge that there were two versions of the 1960-D Lincoln Cent. Over time it was revealed that there were two versions, and that the 1960-D small date Lincoln Cents were far more rare than the 1960-D Large date Lincoln Cents. The price for the bag was decent, I have bought bags around this price from other sources and since John knows me, I am sure he gave me a slight break, These cents were to be Brilliant Uncirculated, 100 rolls. The bag had the Lincoln Cents in paper bank wrapped rolls, but most of them would be tightly wrapped in Tin Foil to keep the sulfur from the roll toning or damaging the luster of the Red coins within. John and I talked about the bag, the coins, the saga behind them. After about 15 minutes, we shook hands. I cheerfully handed John $250.00 cash and I carried the bag from his vehicle to mine and we departed our ways. I have the bag close to me, so I can process several rolls a night, and I have a status update. I brought the bag into the house and dumped its contents onto a plastic table. I counted out 65 bank wrapped rolls with the tinfoil wrapped coins inside. The other 35 rolls were in the old time cent tubes which can be a pain to open. The old type cent rolls seem to shrink around the coins themselves. if they were sealed with tape, it takes two pairs of channel locks to open most of these. Then, the rolls are so tight, a towel has to be spread out on a tile or concrete floor. I get the top off, and at a 45 degree angle tap the tube pretty hard to get a few coins out of the cent tubes. Each tube offers unique challenges, but on average it takes close to 5 minutes to get all of the coins out of a single tube. One roll was packed so tight my son and I had to put it in a vise and break away the tube in order to get the coins out. So, although at times it is a challenge, it is well worth the effort. I am about 20% of the way through the bag. Of the 20 or so rolls completed, I have approximately three to four rolls of Re-punched mint marks. I have not found any bell-ringer type coins, like the 1960-D small date over large date, or any other significant finds, but who knows what the other 80 or so rolls will hold. I have an objective to document the contents of this bag as much as I can, and as time permits, I plan on adding photos throughout this post. I want to document the types of RPM's I have pulled, potentially list all of the die pairs I see in this bag, and show the type of coins that have been pulled from the bag. I have seen both the tin foil wrapped coins, as well as one or two rolls of coins that weren't wrapped in tin foil which produced an array of purple-ish toned Lincoln cents. Over time I will add content to this article. Its both a tribute to John and his dad, as well as a treasure to find bags like this that are still available for purchase. Each coin to me is like a single present, one at a time these coins are looked over and one does not know what will be displayed until it is under the glass. Standby for another update, hopefully with photos, probably before Christmas.
  3. MintErrors

    1958 Lincoln Cent Roll

    This past VNA show, I was headed to an objective, and on my way, I walked around a few tables trying to locate a few Lincoln Cent rolls to fill my voids. I walked down a main aisle asking coin dealers as I headed to another objective. One coin dealer answered up, "Hey I have a few rolls, and if you provide me a list, I'll see what else I have available and bring them in for you to look at tomorrow". I finished my quest and then told the coin dealer that I will provide them a list either by hand or email. Well, the coin dealer brings down three rolls. A few re-wrapped rolls from the 1960's era, and a 1958 roll in a plastic roll. The coin dealer says, "Look these over and let me know if you are interested in ay of these". The coin dealer then heads back to his table. I decide to uncap the 1958 and spread a few over the table. I immediately notice that this roll is far above the usual quality you find at shows in these days. This Lincoln Cent roll had promise for me to pull out a winner or two. or more. I had my son run the other two rolls back to the dealer, and ask what he wanted for the 1958 roll. My son tells me he wants $3.00 for the roll. I immediately handed the son the cash and I started to sort the newly bought Lincoln Cent roll out. ANACS always runs specials, so I decided to cherry pick 15 of the best to send into the strictest grading company there is and see what comes back. The only thing about ANACS specials is, that it can take what seems forever for your coins to come back. They DO tell you up front that it is under one of the slowest grading programs they offer, and most of the times, this economy package will take close to a month or more. In working days, this is probably between 25 to 30 days. In ANACS's defense, there are a LOT of people who take advantage of these specials, and its all about waiting, or coughing up more hard earned money and getting them back just a tad faster. After I cherry picked about 20-25 1958 Lincoln Cents out of this roll and asked my son to assist in looking over the roll and cherry pick the best over all. I grab an ANACS submission form, fill in the details and hand them over to the ANACS representative, Geoff. They are sent out during the show, which saves me shipping costs to ANACS. The ANACS special also has free return shipping, so I ended up sending (15) 1958 Lincoln Cents in and four error coins. The total cost was $139.00. The coins came back a few days ago, and I was pleasantly surprised. Of the (15) 1958 Lincoln Cents I sent in, I ended up getting: (8) 1958 Lincoln Cents MS-66 Red (7) 1958 Lincoln Cents MS-67 Red Wait - what ? Seven 1958 Lincoln Cents in MS-67 ? Lincoln Cents are some of my favorite coins, and I know that grades in the MS-67 range can get pricey. I decided to look up the price first: PCGS price guide for a 1958 Lincoln Cent MS-67 Red is $675.00 each NGC price guide for a 1958 Lincoln Cent MS-67 Red is $645.00 each The population report for the 1958 Lincoln Cent in MS67 Red is as follows: ANACS - out of 700 1958 Lincoln Cents graded as MS, only 27 graded as MS67 with only 1 better. PCGS - out of 3522 1958 Lincoln Cents graded as MS, only 44 graded as MS67 with none better. NGC - out of 4160 1958 Lincoln Cents graded as MS, only 159 graded as MS67 with only 1 better. That is only (230) 1958 Lincoln Cents that has been graded MS67 over all these years. That's less than 5 rolls of Lincoln Cents. The MS-66 value is close to $45.00 a piece, and the population numbers are a lot higher. I ended up with eight of these. So for an investment of $3.00 for the roll, plus 139.00 for the grading, I ended up with; (7) 1958 Lincoln Cents worth $645.00 each ($4515.00) (8) 1958 Lincoln Cents worth $45.00 each ($360.00) That's a total value of $4875.00, if these 1958 Lincoln Cents sell near price guide value. That's the type of investment I would like to make each and every day.
  4. The www.MintErrors.org online store is getting populated. Over the past few days, I have taken photos of and added the following US standard coins to the www.MintErrors.org coin store. 1964-D Kennedy Half Dollars graded MS-64 by ANACS Link to page: http://minterrors.org/index.php?/store/category/1-1964-kennedy-half-dollars/ 1964-D Kennedy Half Dollars graded MS-65 by ANACS Link to page: http://minterrors.org/index.php?/store/category/1-1964-kennedy-half-dollars/ 1944-D Lincoln Cents Brilliant Uncirculated (raw) Link to page: http://minterrors.org/index.php?/store/category/8-1940-1949-bu-lincoln-cents/ 1945 Lincoln Cents Brilliant Uncirculated (raw) Link to page: http://minterrors.org/index.php?/store/category/8-1940-1949-bu-lincoln-cents/ There will be more products added in the near future. if you have a coin want list, email the list to us at help@minterrors.org and we will attempt to assist you find your product.
  5. MintErrors

    1880-s-ms67-PL-rev.jpg

    Our latest purchase is a 1880-S NGC MS67 Proof Like Morgan Dollar. This 880-S NGC MS67 Proof Like Morgan Dollar, will soon be available online and will be offered for sale at the Annadale coin show, December 9th and 10th. I have uploaded the 880-S NGC MS67 Proof Like Morgan Dollar. obverse and reverse photos. NGC price guide lists the 1880-S NGC MS67 Proof Like Morgan Dollar for $1,950.00. Our goal is to offer the uncommon, rare and unique Morgan Dollars that are not typically seen at coin shows.

    © MintErrors.org, do not copy, duplicate, link or use without explicit written permission. Intellectual copyright.

  6. Our latest purchase is a 1880-S NGC MS67 Proof Like Morgan Dollar. This 880-S NGC MS67 Proof Like Morgan Dollar, will soon be available online and will be offered for sale at the Annadale coin show, December 9th and 10th. I have uploaded the 880-S NGC MS67 Proof Like Morgan Dollar. obverse and reverse photos. NGC price guide lists the 1880-S NGC MS67 Proof Like Morgan Dollar for $1,950.00. Our goal is to offer the uncommon, rare and unique Morgan Dollars that are not typically seen at coin shows.

    © MintErrors.org, do not copy, duplicate, link or use without explicit written permission. Intellectual copyright.

  7. MintErrors

    MintErrors.org want list

    Our want list ! Brilliant Uncirculated Lincoln Wheat Cent rolls. All coins should be problem free. Below are the following rolls we need at a minimum. We will also be buying from other dealers and finding these rolls at alternate locations, so this list will probably be very dynamic. Do not immediately think we will purchase all items that are presented. We reserve the right to choose when and where and what we may offer for particular items. I will be adding and removing items from this list, and I will attempt to put dates on the entries. We need the following problem free Brilliant Uncirculated Lincoln Cent Rolls. We do NOT buy circulated rolls, partial rolls, damaged rolls, spotted rolls or problem rolls. Should you have a large quantity of problem free Brilliant Uncirculated Lincoln Cent Rolls, let us know by emailing us at help@minterrors.org. When we purchase problem free Brilliant Uncirculated Lincoln Cent Rolls, we consider rolls from 1909 to 1980, focusing on Lincoln Cent rolls from 1940 to 1958. List of Lincoln Cent Rolls 1943 - D Brilliant Uncirculated Lincoln Cent Roll (problem free) 1943 - S Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1944 - S Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1946 - P Brilliant Uncirculated Lincoln Cent Rolls, (problem free) 1946 - D Brilliant Uncirculated Lincoln Cent Rolls, (problem free) 1946 - S Brilliant Uncirculated Lincoln Cent Rolls, (problem free) 1947 - D Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1948 - P Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1948 - S Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1949 - P Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1949 - D Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1949 - S Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1950 - P Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1950 - S Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1951 - P Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1952 - P Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1952 - D Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1952 - S Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1953 - S Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1954 - P Brilliant Uncirculated Lincoln Cent Roll, (problem free) 1956 - P Brilliant Uncirculated Lincoln Cent Roll, (problem free) For the problem free Brilliant Uncirculated Lincoln Cent Rolls. It is best to email us and let us know what you have and what your asking price is. If the price is reasonable amd we would consider purchasing the roll, we then would like to see what you have to offer via photos. It is best to take extreme care while handling Brilliant uncirculated coins, wearing some white cotton gloves, or washing and drying your hands thoroughly prior to handling them. Handle the coins only by the rims, keeping fingers off the rest of the coin. Place 25 coins with the obverse (front) of the coin in a 5x5 pattern and take a photo of them. Keeping each coin in the same area, carefully flip the coins over and take a photo of the reverse (back) of the coin. Do the same for the remaining 25 coins. These photos should be close enough to get all 25 coins in the photo and with enough lighting to show a decent amount of detail per coin. You can email us these photos at help@minterrors.org . You can call to inform us that you have left us a message, but we'd like to negotiate most of the transactions via email so it is easier to manage. This coming year will be a replenishment year for us. We do not hold onto coins and ask a demanding price. We also do not take the very first offer presented. We like to "Haggle" with customers, but we are quick to point out that we will try our best to make a deal. We are a business and with that come the bills associated with traveling to shows; travel fees, hotel fees, table fees and eating out. All necessary evils when on the road. We also do not just sell these coins for profit. On a few occasions, we do offer coins to young collectors for free. Our goal is to offer a few amazing offers to the Boy Scouts and/or Girl Scouts who attend a show to achieve their merit badge which is centered around coins and the history of them. In order to do this, we need product that we can afford to part with and still make a modest profit on what is left. Please take this into consideration when presenting your offer.
  8. At the CONECA table at shows, I get a lot of questions about die break and die cracks. I basically try to break these two categories out. I am old school, and I have learned from some of the best. The first thing that normally happens to a coin when things go wrong, is the die begins to crack. At first, the die cracks are hair thin. I typically see the die cracks in the head area of the Lincoln Cent. Some of these die cracks may go from head area towards the rim. Most of the die cracks run towards the WE in In God We Trust. I have seen die cracks start on Lincoln's jacket area and travel slowly toward the southern rim. Again, these die cracks are pretty thin. When looking at die cracks on a Morgan Dollar happen, they are seem to happen in a circular format, especially close to the rim. These die cracks can travel through many of the letters on the reverse of the Morgan Dollar. The die cracks seem to be relative in width due to the size of the coin. Now, the die breaks. Die breaks seem to become quite uneven in width. Die breaks are blotchy, and can be very wide. I have found a good example of a Lincoln cent with both the die cracks and die breaks. Die breaks typically make people wonder how this piece of the die does not fall out of the die. In this case, it looks like the rim of the die was still intact, but that die crack would last much longer. Die cracks and die breaks end up happening over time. Some of the design features of the die, and some times the metal composition play into the reason die cracks and die breaks happen. I have seen a lot more Die cracks in cents, followed by die cracks and die breaks in Morgan Dollars, then quarters then half dollars. The value of die cracks and die breaks is very minimal. Most of the collectors state that die breaks and die cracks are simply damage, and these are not a true error or a variety. There comes a point when die cracks and die breaks become dramatic, and then may become a collectible item due to the sheer spectacle it becomes. The Lincoln Cent below may be an example of where it may fetch a premium since it shows both the die cracks and die breaks. The good ole' saying says, to a collector, a coins' value is only as high as a collector is willing to pay for it. Typically, if a coin has some pretty dramatic die cracks, it may fetch between $1,00 to 5.00 on a good day. A coin with dramatic die breaks - I mean a wow spectacle where its a sheer wonder why the die hasn't disintegrated may fetch several hundred dollars or more. Some of the major die breaks may even make it into some of the magazines or books. It all boils down to what people wish to collect, and how much they are willing to spend. With every roll or bag that is out there, it's like a lottery. One never knows what exactly will be pulled out of the roll or bag and in some cases some great damaged coins, errors and variety coins can be pulled. Stand by for another post on a group of strike through's I found digging through a bag of Lincoln Cents. In the mean time, here is a photo of the Lincoln Cent with the die cracks and die breaks.
  9. MintErrors

    A CONECA State Representative for Virginia

    A CONECA state representative for Virginia CONECA society for error coin collectors CONECA - Combined Organizations of Numismatic Error Collectors of America CONECA is a great organization to offer education about coins, error coins and die varieties. Become a CONECA member today ! Along with our dealer tables, if a promoter is to offer a free table, I will also be manning the CONECA table. CONECA (pronounced: CŌ´NECA) is a national numismatic organization devoted to the education of error and variety coin collectors. CONECA focuses on many error and variety specialties, including doubled dies, Re-punched mintmarks, multiple errors, clips, double strikes, off-metals and off-centers — just to name a few. In addition to its website, CONECA publishes an educational journal, The Errorscope, which is printed and mailed to members bimonthly. CONECA offers a lending library, examination, listing and attribution services; it holds annual meetings at major conventions (referred to as Errorama) around the country. The CONECA website is: www.conecaonline.org The CONECA organization has a lot to offer. There is a forum that has some of the best attributors on the CONECA forum. Variety Vista offers an extensive listing, most with photos of error coins, categorized by year, mint mark and coin type. CONECA also sports the CONECA master listing which provides a text listing of each coin attributed and listed with a CONECA number. The master listing typically shows Re-punched mint marks, Doubled die Obverse and doubled die reverse entries. Many of the coins listed in the CONECA master listing show a URS rarity listing, so it helps the collectors know how rare an error coin is, which may help identify a value of the error coin for insurance purposes or a potential agreed upon sale price. Error Coins are getting a little scarce, and the more you know about an error coin, the better you are prepared when you find one, or if you are looking to buy one. Don’t be a victim of fraud, or be disappointed in a purchase to find out that mechanical doubling is not a true doubled die coin. CONECA representatives exist in many states. You can visit the CONECA website at www.conecaonline.org to find out more info where a state representative will attend a show. You can join the CONECA society. The cost to join varies, but young adults, Families and individuals will find great value in joining CONECA. If you choose to do so, as part of your membership, you can receive copies of the CONECA bi-monthly magazine called ErrorScope. The articles offer expert advice and tips on how to recognize error coins from across the world. The CONECA errorscope is sent bimonthly, and that added value alone is worth the yearly fee. You can find out more information about joining CONECA, at the CONECA main website. Click this link to know more about joining CONECA. http://conecaonline.org/content/join.html Come on by the table. Take a CONECA application. It’s free and you can mail it in at your leisure. We’ll offer a CONECA elongated cent for stopping by the CONECA table, subject to availability.
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