The latest Coin World weekly issue, dated Sept. 18, 2017, is
out the door, and we present some exclusives, to be found also in our
latest digital edition.
How to value a coin when price guides differ
In his “Coin Lore” column, Gerald Tebben writes, “Most of us check a
price guide either before a purchase, in preparation, or after, in
remorse. The problem is, there are a lot of catalogs, and each one
lists a different price.”
Tebben, who also is a values analyst for Coin World, selects
the 1912-S Liberty Head 5-cent coin to illustrate the differences
between different price guides as well as the auction market. “That
1912-S 5-cent coin then is worth anywhere from $129, the lowest
auction price, to $285, the highest retail catalog price, a spread of
more than 100 percent.” What should collectors do, then?
First 2017 doubled die variety reported
“The winner of the ‘Who will be the first to find a 2017-dated
doubled die?’ bragging rights is Coin World reader Leonard
Matyjasik, who submitted a 2017-P Lincoln cent with a doubled die
obverse,” writes John Wexler in his “Varieties Notebook” column.
While the doubling is not especially strong on the cent, the variety
does provide the finder credit for being the first to report the find
to Wexler. See a photo of the doubling in Coin World.
Common coins that bring high prices in high grade
In his “The Joys of Collecting” column, Q. David Bowers writes about
the rising prices for certain coins that are common in mid-range Mint
State grades but rare in higher grades. He cites five coins, “Each of
the above is common and collectible in MS-63 grade. Each is a rarity
in an ultra-high grade.”
Among the pieces cited is a 1979 coin worth $4 in Mint State 63 that
has sold for $7,500 in MS-68. “For my money, I would much rather have
multiple sets of interesting coins in MS-63 when affordable, or in
lesser grades, than have a just a handful of otherwise common coins in
ultra grades at a cost of hundreds of thousands of dollars,” Bowers writes.
Right diameter but wrong thickness: Wrong stock errors
A wrong stock error is a coin struck on a planchet of the proper
diameter but of the thickness of a different coin. Mike Diamond, in
his “Collectors’ Clearinghouse” column, explains: “Stock (coin metal
strip, coil) intended for one denomination is sent through a blanking
press set up for a different denomination. The diameter of the blanks
will match their later design, but the thickness (and, rarely, the
composition) will be appropriate for another denomination.”
He adds, “This simple concept hides a more complex reality. For
example, how exactly do such mistakes occur?” Diamond offers several
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