What's A More Valuable Proof Error Coin? 2 2

[Errorists]

A 1968 no S proof dime or a 1968S reverse die cracked proof dime? Have better pictures of it here. 

Edited July 31, 2021 by Errorists

[Henri Charriere]

@errorist. You've got seven, count 'em! Morbidly Obese letters between 5 and 7 o' clock on your reverse and you want to talk about a hairline die crack at 9:00?!

[Errorists]

On 7/31/2021 at 7:15 PM, Quintus Arrius said:

@errorist. You've got seven, count 'em! Morbidly Obese letters between 5 and 7 o' clock on your reverse and you want to talk about a hairline die crack at 9:00?!

Let's talk about all defects..

[Henri Charriere]

@errorist As much as I would like to, I can't.  My Cousin Vinny is looking over my shoulder and to some extent he and I (I believe) do not ascribe any significance to hits, runs and errors.  I personally think some are interesting but that does not make them more valuable.

[Errorists]

On 7/31/2021 at 8:45 PM, Quintus Arrius said:

@errorist As much as I would like to, I can't.  My Cousin Vinny is looking over my shoulder and to some extent he and I (I believe) do not ascribe any significance to hits, runs and errors.  I personally think some are interesting but that does not make them more valuable.

You like fat letters?

[Henri Charriere]

@errorist Not particularly. They lack old-time definition. But they are unusual and that's what makes them special unless, of course, my perception here was distorted by a photographic effect.

[Errorists]

On 7/31/2021 at 9:21 PM, Quintus Arrius said:

@errorist Not particularly. They lack old-time definition. But they are unusual and that's what makes them special unless, of course, my perception here was distorted by a photographic effect.

How about the no S ?

[Just Bob]

A die crack  would likely be more desirable to a variety/error collector, while the the No-S coin would also be sought after by Roosevelt set collectors and registry participants. There are only a dozen or so known to exist, as far as I can remember, so the price would probably run $10k to $30K, depending on condition. I don't see a die crack reaching that price level.

Edited August 1, 2021 by Just Bob

[Errorists]

On 8/1/2021 at 11:14 AM, Just Bob said:

A die crack  would likely be more desirable to a variety/error collector, while the the No-S coin would also be sought after by Roosevelt set collectors and registry participants. There are only a dozen or so known to exist, as far as I can remember, so the price would probably run $10k to $30K, depending on condition. I don't see a die crack reaching that price level.

Only 1 die crack example I have seen over the 20 years. The die crack proof my be more rare.

[VKurtB]

On 8/1/2021 at 5:01 PM, Errorists said:

Only 1 die crack example I have seen over the 20 years. The die crack proof my be more rare.

Rare does NOT EQUAL more sought. At the tiniest scale, every coin is unique, therefore equally rare with all others. What counts is demand, not supply.

[Just Bob]

On 8/1/2021 at 5:01 PM, Errorists said:

Only 1 die crack example I have seen over the 20 years. The die crack proof my be more rare.

Possibly, but rarity does not always translate to higher price. There has to be demand for the coin, as well. There are many coins and tokens a few of which are known to exist which sell for much less than the No-S dime. There have to be enough interested collectors to run the price up through competition.

[Errorists]

On 8/1/2021 at 5:46 PM, Just Bob said:

Possibly, but rarity does not always translate to higher price. There has to be demand for the coin, as well. There are many coins and tokens a few of which are known to exist which sell for much less than the No-S dime. There have to be enough interested collectors to run the price up through competition.

Could be so rare no one knows about it.. It took me 21 years to find out about this one..

Edited August 8, 2021 by Errorists

[VKurtB]

On 8/8/2021 at 9:58 AM, Errorists said:

Could be so rare no one knows about it.. It took me 21 years to find out about this one..

Then no one wants one. Die cracks are a niche area, without much of a following.

[Oldhoopster]

A missing mint mark on a proof die = significant. 

Die crack on a proof coin = meh.  

Granted, minor errors like die cracks are much scarcer on proof issues because of the slow throughput and increased opportunity for detection, and It probably warrants a modest premium, trying to compare the desirability to a missing mm doesn't cut it.

FWIW, I do like your coin.

Edited August 8, 2021 by Oldhoopster

[Errorists]

On 8/8/2021 at 1:11 PM, Oldhoopster said:

A missing mint mark on a proof die = significant. 

Die crack on a proof coin = meh.  

Granted, minor errors like die cracks are much scarcer on proof issues because of the slow throughput and increased opportunity for detection, and It probably warrants a modest premium, trying to compare the desirability to a missing mm doesn't cut it.

FWIW, I do like your coin.

More rare then the missing mint mark?

[Errorists]

So would it be more valuable if it was also a no S dime with the reverse die crack also??

[Conder101]

If it was a No S Dime, no one would really care about the die crack.

[Errorists]

On 8/11/2021 at 1:35 PM, Conder101 said:

If it was a No S Dime, no one would really care about the die crack.

It would be a more rare dime. Correct??

[Henri Charriere]

On 8/8/2021 at 12:17 PM, VKurtB said:

Then no one wants one. Die cracks are a niche area, without much of a following.

Is it just me or is anyone else experiencing the sensation of circumferential reasoning at work here. That's a spectacular leap there somehow citing lack of want without much of a following while accepting lack of knowledge.  How can there be interest, much less demand about something, no one even knows exists?  🤔  If this keeps up, I'm off to Tristan da Cunha -- but not before checking if any of my Roosters have er, uh, die defects. I am with the Mighty @Conder101 on this one. A missing mint mark trumps a die disorder any day of the week.

(No, he di-int!)  Yes, I just did.  🐓

[Conder101]

It would be rarer, but it would not have any additional premium value.  Unless you can find an error collector who NEEDS a No S proof dime with a die crack.

Rare doesn't necessarily mean valuable.  I have a couple of unique pieces that I paid $50 apiece for.  I have another that was unique until a second piece turned up a few years ago.  That one cost me less than $200.

[Errorists]

On 8/11/2021 at 1:53 PM, Conder101 said:

It would be rarer, but it would not have any additional premium value.  Unless you can find an error collector who NEEDS a No S proof dime with a die crack.

Rare doesn't necessarily mean valuable.  I have a couple of unique pieces that I paid $50 apiece for.  I have another that was unique until a second piece turned up a few years ago.  That one cost me less than $200.

It would be like looking for the needle in the haystack squared.. Hence the value should be cubed..

Edited August 11, 2021 by Errorists

[Henri Charriere]

On 8/11/2021 at 2:53 PM, Conder101 said:

Rare doesn't necessarily mean valuable.  

Except in the rarefied atmosphere of the Twilight Zone where Madison Avenue steps in to stimulate the salivaries thereby creating the demand for a product the public never knew they needed... Nice racket!

Edited August 11, 2021 by Quintus Arrius
Die polishing

[Conder101]

The problem is, collectors who NEED a No S dime with a die crack are even rarer than the coin would be.  That's why there would be no additional premium.  Supply and demand comes into play again, you have the supply, but there is no extra demand so no increase in value.

Edited August 11, 2021 by Conder101

[Errorists]

On 8/11/2021 at 2:29 PM, Conder101 said:

The problem is, collectors who NEED a No S dime with a die crack are ever rarer than the coin would be.

Would the same go for a 1968 double struck no S proof dime?

Edited August 11, 2021 by Errorists

[Conder101]

Yes, a error collector who would NEED such a coin would still be rarer than the coin, but you would now have the additional problem that some collectors who would want a No S dime would back off because they wouldn't want a double struck one.  So now the overall demand would decrease and cause the value to go down, not up.  This is the problem with Keys that have errors.  They tend to be white elephants.  The error drives off collectors who would want the Key but don't want it with an error, but it doesn't attract error collectors because they can find the same error (which is what they are interested in) on common coins at a much lower cost.  So unless they are putting together a date and mint set all with an error, or the same error type, they have no interest.  So rare date/keys with errors are often worth LESS than the same coins without the error.

[Errorists]

On 8/11/2021 at 3:17 PM, Conder101 said:

Yes, a error collector who would NEED such a coin would still be rarer than the coin, but you would now have the additional problem that some collectors who would want a No S dime would back off because they wouldn't want a double struck one.  So now the overall demand would decrease and cause the value to go down, not up.  This is the problem with Keys that have errors.  They tend to be white elephants.  The error drives off collectors who would want the Key but don't want it with an error, but it doesn't attract error collectors because they can find the same error (which is what they are interested in) on common coins at a much lower cost.  So unless they are putting together a date and mint set all with an error, or the same error type, they have no interest.  So rare date/keys with errors are often worth LESS than the same coins without the error.

I'd like the more rare one..

[Six Mile Rick]

I want the NO - S

[Henri Charriere]

[Jeez, 1922 No D 1944 DD's, 1968 No S proof, 1909 VDB... Hmm, 🤔 think I'll throw in with @Six Mile Rick on this one. Make mine plain vanilla, hold the die cracks and rivets.]  

[Errorists]

On 8/11/2021 at 8:27 PM, Six Mile Rick said:

I want the NO - S

I want a no S with a die crack..

[Henri Charriere]

On 8/11/2021 at 11:17 PM, Errorists said:

I want a no S with a die crack..

Too late to change orders. Demand quickly outpaced supply and the window of opportunity closed in a matter of minutes. Better luck next time.