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Coin and Paper Money Collecting/error coins and their value


Error Coins Front
Error Coins Front  

Error Coins Reverse
Error Coins Reverse  
Hi, Perhaps you can give me some insight regarding US error coins.  I have quite a few error coins, Quarters, dimes, nickles, and  pennies that I am wanting to sell, preferably as one big lot.
How does one determine a fair asking price for error coins?
I haven't had much luck finding a (free) price guide. I've also found it very difficult and time consuming trying to find comparable coins to reference. I am aware that age, key dates, and condition are important. Rarity also plays a role but with error coins there are so many varieties, and one of kinds. What makes one more desirable than another; apart from the obvious. And, how is it's fair value determined?
Some examples of coins I have are:
1) 1940 S Lincoln Wheat back with a faded zero (not from wear) and    the "L" in Liberty is flat (like it got smashed), too large, and misplaced.
2)  1992 D Lincoln Memorial - there is a 'hole' in the hair at the base of the neck
3)  No readable date, front of coin can barley see the outline of Lincoln. The other side of the coin is also very damaged but can clearly see it is the reverse side of a Lincoln Memorial penny. The coin in very thin, and looking at the edging all the way around it appears as if two pieces of metal were 'sandwiched' together to make the one coin.
Thank you very much for your time and help ! :))


I'm sorry to say that at least two of the three coins in the photos supplied appear to be damage/altered coins. The last is a minor error and of little value. Errors are unique in that there is no fully established guide for general, minor errors. The major error varieties have been documented in the "Cherry Picker's Guides", Vol. I and II, by Fivaz and Stanton. The best place to find values is EBAY, where you can see what the coins sold for. Major varieties prices can be found in NGC and PCGS as well as VAM sites.

Sometimes people try and fool you into thinking you have a real error coin. Here are examples of coins either being altered or damaged.
See link:
See link:

You may want to check Ebay listings under US coins in the error category to see what these errors are going for. You may also want to check out these links on error coin values:

VAMS (Morgan and Peace Dollars):
Error Coin Club:
Lincoln Cent Errors:
PCGS Lincoln 1c Memorial values:

If you live close to a local shop, they should offer an opinion as to it's value and if it is authentic at no charge. Always try and get at least two opinions and try and deal with PNG dealers if possible. Here's a link to find one in your area:

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Ronald Fern


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.


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. Contributor 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 on Facebook. Past "Errorscope" Editor. Presently CONECA Examiner.


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

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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