Coin and Paper Money Collecting/2011 penny error

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Expert: - 7/25/2011


Question
Just like the one i have
Just like the one i ha
I also found a 2011 penny with a circle in it. The penny is new and found in my wife's change purse. I have not been able to determine the value. I believe it came from the mint with the marking. The circle on my coin is exactly in the center but not complete.

plese advise on value

Answer
Hi Daniel:

Thanks for the opportunity to answer your question.

With odd or unusual coins, you always need to provide as much information as possible or photos, to help pinpoint what you may have. With the photo you supplied, I'm going to say you likely have a real coin that was damaged by a counting machine after it left the mint. Damaged coins have no added numismatic value.

Sometimes you can think you have a real error coin. Here are examples of coins either being altered or damaged.
See link: http://coinauctionshelp.com/page15.html
See link: http://conecaonline.org/content/OhNo.htm

You may want to check Ebay listings under US coins in the error category to see if your coin is listed and what it is going for.

You may also want to check out these links on real error coin values:
http://www.coinsite.com/html/USErrorPrices.asp
http://www.minterrornews.com/priceguide.html

If you live close to a local shop, they should offer an opinion as to the value at no charge. Always try and get at least two opinions and try and deal with PNG dealers if possible. If you should decide to sell your items to a dealer, remember they will offer about 50% to 60% of the retail value. Here's a link to find one in your area: http://www.pngdealers.com/dealersearch.php

Please remember to go to the experts site to rate this answer. And check the nomination box on the rating page below any comments you may have.

Thank You and Good Luck in your collecting.  
    Questioner's Rating
    Rating(1-10)Knowledgeability = 10Clarity of Response = 10Politeness = 10
    CommentThanks for the fast response.


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Ronald Fern

Expertise

I can answer most all questions relating to US coins, tokens, and currency. I'm not strong on world coins or ancients. Primary field of expertise is errors and varieties. Over 55 years experience in coin collecting. Part time dealer since 1976. Employed by McDonnell Douglas/Boeing for over 34 years as an Industrial Engineer/Technical Specialist before retiring in 2002.

Experience

Worked weekends for "Lonesome" John in the late 1960's to mid 1970's processing error coins, packaging, and preparing orders. Worked with John Devine and Fred Weinberg on several California Error A Rama's in the early 1970's. Served as display judge at annual Error-A-Rama coin shows. Opened and operated mail order coin business DBA "CAL ERRORS" in 1976. Contributer to Alan Herbert's "Official Price Guide To Mint Errors" and Fivaz/Stanton "Cherrypickers' Guide". Worked Saturdays at Huntington Beach Coin Exchange 1980-1999. Had table and sold coins at a number of coin and gun shows in So CA, AZ and NV. Sell coins, tokens and currency currently at my space in the Pomona Antique Center. Past "Errorscope" Editor. Presently CONECA Examiner.

Organizations
ANA, CONECA, CWTS, NLG

Publications
Errorscope, Numismatic News, Civil War Token Journal, Error and Variety News

Education/Credentials
AA Degree LBCC pre Engineering, 1964 BS Degree CSULB Ind Technology, 1968

Awards and Honors
1st Place EAR Trophy for Civil War Token Errors, NLG Author of Year Award for best monthly coin column "Error News and Views" in small Numismatic paper, owned and published by Ray Anthony.

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