Blog

Monday, October 14, 2019 - 08:31

As Fall has rolled around and we are getting well past the Summer slow down that happens every year, when collectors spend time and money on things besides coins (vacations, sports, etc), we are seeing the regular fall "pick up" in collecting activity. In the last few weeks, we have been surprised how many collectors have emailed "out of the blue" requesting this coin or that. This shouldn't be surprise since it happens every year. In August, collectors start slowly returning to their collections, and it only increases as you get into Fall. So, we are glad to see the activity since it keeps us on our toes looking for fresh inventory for our customers, and also just creates a healthy buzz in the market. 

We have been listing a LOT of major mint errors on the website in the last few months, in part form a large collection that we have been selling, and also some quality error deals came our way, which has all resulted in lots of off-metals, striking errors, state quarter errors and more being available to our customers. You can expect to see more material as we continue selling the "large collection" we have been selling, and also as coins come back from grading and make their way to the website. It's always nice to be able to offer fresh material to our customers!

If you have a want list, we would encourage you to send it to us. Many coins sell before they make their way to the website, so if we have your want list on file (and if you are an active buyer), you are much more likely to get first shot at fresh coins that come in. This is important, since with the scarcer and more popular mint errors it's frequently the case that the coin is much more rare than the money collectors are willing to spend on it, meaning as soon as the coin hits the market, it's gone. 

Our next major coin show will be Baltimore next month in mid-November. If you are attending, it's time to start making plans since it's only a month away. This will be our last show of the year until the FUN show in January. If you are attending the show, please do stop by our table and look at our 5 cases of mint errors--we always enjoy seeing our customers at shows!

A few of the coin we have recently added that our particularly "special" include the following listed below. These are based on price as much as rarity, eye-appeal, and how desirable they are as an error. 

1973-S Proof Ike on Half PlanchetProof Ike on Half Reverse













 

 

1.When was the last time you saw a proof Ike on a half dollar planchet? Very tough coin, and we have in stock TWO offered here! Actually, until now, we've never had a proof Ike on half planchet in stock. 
https://sullivannumismatics.com/coin/ngc-1-1973-s-proof-ike-dollar-half-planchet-double-struck-pf66-cameo?v=5393

https://sullivannumismatics.com/coin/ngc-1-1973-s-proof-ike-dollar-struck-half-planchet-pf67-cameo?v=5392



2.Bonded state quarters are rare, and do not often come up for sale. This Delaware example is quite rare, with probably no more than 2 or so examples existing...maybe even just this one (we only know of this example.) https://sullivannumismatics.com/coin/ngc-25c-1999-p-delaware-quarter-2-coin-bonded-pair-ms67

Bonded Quarter Obverse
Bonded Quarter Reverse

 

 

 

 

 

 

 

 

 



3.Jefferson nickel double-struck off-center on a struck cent. Double-denomination 6c coins we see frequently, but when was the last time you saw one that had a 2nd strike off-center? They are quite rare. https://sullivannumismatics.com/coin/ngc-5c-2000-d-jefferson-nickel-2000-d-lincoln-cent-double-struck-ms66-rd?v=5386

6c double-struck obverse6c double-struck reverse






















4.Elliptical clip state quarters are relatively common. However, proof examples are scarce. Most proof example are very minor, showing just a tiny amount of the planchet missing. This example is missing a lot of the planchet, and is therefore rare. https://sullivannumismatics.com/coin/pcgs-25c-2007-s-proof-utah-quarter-elliptical-clip-pf66-dcam?v=5391

Utah Proof EllipticalUtah proof elliptical reverse



















5.Mated pair sets of dimes are fairly common. Proof examples are rare though, and this is one of the few we have handled. Dramatic, with the 2nd strike mating into the brockage of the 2nd coin. https://sullivannumismatics.com/coin/2-coins-ngc-10c-1969-s-roosevelt-dime-2-coin-mated-pair-pf63-pf66?v=5287

Mated Pair Proof Dimes






























6. 5 Ounce ATBs with minor struck thrus come along on occasion, but not large strike thru and retained coins. This ATB 5 ounce quarter has an incredible, huge piece of plastic struck in and retained in the coin's obverse. https://sullivannumismatics.com/coin/pcgs-25c-2016-5oz-theodore-roosevelt-retained-struck-plastic-ms64?v=5327

ATB 5 ounce obverse5 Ounce ATB Reverse

























7. State quarters are scarce but "available" struck on aluminum feeder finger fragments. However, this 1999 Delaware example is unique as a Delaware on aluminum. It also is the first year for the state quarter series, and so this is an especially desirable coin. https://sullivannumismatics.com/coin/ngc-25c-1999-delaware-quarter-multi-struck-aluminum-feeder-finger-fragment-ms62?v=5229

Delaware 25c on aluminum Delaware 25c on Aluminum Reverse





















8.Transtional off-metals are rare, and this 1977-D 40% silver Kennedy is no exception. Something over a dozen examples known, the coin is on the prior years' 40% silver planchet that was being used for 1976 silver half dollar coins. https://sullivannumismatics.com/coin/anacs-50c-1977-d-kennedy-half-40-silver-transitional-metal-au50?v=5313

1977-D 40% silver Kennedy1977-D 40% silver Kennedy reverse

Friday, August 2, 2019 - 12:31

It's been some time since we have posted in our blog (months in fact!), so we thought we would give some thoughts and updates of things happening here and in the coin market. Over the last few months, we have been having a major overhaul of the website, which has more to do with update "behind the scenes" items in the website's design and stability than it does in any visual or obvious changes. These things are in their finishing stages, and will be going into effect starting next week if all goes according to plan. We are very happy to have this done, since the site will be more robust in handling our customer's traffic (we've had too many customers on at the same time, which effected the site's performance, and we wanted that fixed!) Also, we have some more tools to help us manage the site better for you our customers. You may see some minor changes around the site, but most of it will be the same or minor improvements, with the checkout process improved, as well as some other small features.

The ANA is coming up in under two weeks, and we are excited to be there to see our customers and hopefully buy and sell some errors. This is a tie for "best error show of the year", with the winter FUN being the contender. Both are excellent shows, though, and we always look forward to them every year. If you are attending the show, stop by our table #806. We will have a large selection of mint errors for sale, and will also be looking to buy anything you have for sale!

Overall the error market has been good. We have been able to offer a lot of fresh material over the last few months, but it has been going into collections pretty quickly. Of course, we try to price all our inventory at the current market values, and so from time to time you will see certain errors go up or down in value, depending on where the market is at at any given time. We will be working hard throughout the rest of the Summer to continue to find as much fresh material as we can, and offer great values so keep an eye out for our "new inventory" email alerts (and if you're not signed up, we recommend you do so since the early bird gets the coin!)

Our most recent update of the website's inventory will be our last until after the ANA in a few weeks. If you don't see the errors you need on the website, send us an email and we will be happy to work with you to find the coins you are looking for. Until next time, have a great Summer everyone, and take time to enjoy your error collections!

Friday, April 19, 2019 - 07:55

We recently attended the ANA in Pittsburgh, Pennsylvania, which was from March 27th-30th. The spring ANA as it is often referred, is one of the historically slow "big shows" of the year. Dealer attendance tends to be on the light side, and perhaps corresponding to that, so does the public attendance. However, I've always enjoyed the Spring ANA show since it does give you more time to spend with dealers and customers alike. There's not the crazy rush of the Summer ANA or Winter FUN show, but is much more laid back, which can lead to interesting converstions and more time to really dig through other dealer's inventories to find good coins for our customers. 

This year, the ANA was pretty much all of what was just described. It was overall a slow show, with not a lot of activity, but we still managed to find a decent amount of quality inventory (most of which has already been listed on our website, seeing as this blog post is a few weeks late.) Some of it is still off at the grading services getting graded. There really was not a lot of error coins for sale at the show, and what few coins were in the auction went for super high money for the most part.

Any of the various auctions haven't been offering much in the way of error coins in the last 6 months or so, and what few coins have been offered, tend to sale for retail+ money. Perhaps it's the minimal number of lots that resulted in fiercer competition among bidders? But that pretty much pushes a coin dealer out, since if a coin isn't being offered at a wholesale price, there's no reason to buy it since you cannot retail a coin that you paid retail money for!

There were a few impressice error coins on exhibit at the show, including a red 1943 copper cent, and a nice AU 1944 steel cent (we have one of those in our inventory!) Also were the frequent guests of coin show exhibits, including an 1804 draped bust dollar, and a 1913 liberty nickel. Some other intereting exhibits were on display as well. Coin shows give local collectors the rare opportuntiy to see these historic and popular coins, so it's nice to see the ANA putting these coins on exhibit for collectors to see and appreciate (so often, coins simply sit in dusty drawers in museums, and really do not get shown to the public very often.)

After several days of buying and selling, we got back to our office on Monday, and sold a number of the coins we'd purchased fairly quickly (since we have a fairly large database of customers with want lists who are searching for particular mint errors, when the new coins comes in, they often sell very quickly.) Others get sold on our website, with our email alert subscribers getting first shot at this newly listed inventory--if you are not a subscriber, here is a link to sign up https://sullivannumismatics.com/e-mail-subscriptions 

Monday, March 4, 2019 - 12:54

The Baltimore coin show is just over, and we're back in our office working away at preparing for resale purchases from the show, as well as getting caught up on the regular backlog of customer orders, emails and other things that tend to get built up when we’re away at coin shows. 

 

Overall, we were pleased with the Baltimore show. We purchased a moderate but decent amount of fresh inventory for our customers. Some small groups of errors and some individual nice errors we were able to purchase, but overall there was not a lot of material available at the show this time. 

 

We sold a surprising amount of coins at the show, with a fairly large number of “holes” in our display of coins by the time the show was over. Some of our regular customers showed up, and we sold a number of 4-figure coins, as well as some less expensive errors. Unfortunately, due to limited space when traveling, we typically are only able to bring our more expensive inventory with us to shows since the bulky, less expensive material tends not to be brought. We do plan to start bringing a little more “affordable” coins to future coins as space permits, since young collectors need access to “entry level” error coins in order to get started in the hobby (and adults who are on a tighter budget.) 

 

Not a lot of collectors typically come to coin shows anymore (at least, compared to 10 years ago), and shows tend to bring in a small number of collectors and therefore become primarily “wholesale” events for coin dealers. This isn’t a bad thing, just the way coin shows are nowadays. Most coins are sold online, and collectors prefer buying coins form their armchair than getting in their car and spending the day looking through dealer’s coin cases for what they could more easily have found on their computer. But we are always glad to see our customers in person, and chat about errors and the hobby with them.

 

U.S. coin dealers all seemed to be having a good show overall—not super busy, just “good.” There really wasn’t a single dealer at the show that we met who were unhappy with the show, and all were selling and buying.

 

Our next show will the the ANA in Pittsburgh, PA at the end of this month. If you are in the area or are able to attend the show, we look forward to seeing you there. 

 

 

Saturday, February 23, 2019 - 12:15

Cracked planchet coins are a well known error type. They typically are found on nickel and copper coins, but also on silver coins on occasion, and very rarely on gold coins. We recently acquired an extremely rare and dramatic 1927 Saint Gaudens $20 gold piece, with a large crack extending across the coin from the 8 o'clock position to the center of the coin. The crack is separated about 1/4 inch into the coin (you can even see a little light through the coin if held up to a light source), and then simply extends inwards to the very center of the coin, with a "crack" visible on both sides of the coin to the center of Ms.Liberty. 

 

Although long cracks are actually fairly common on coin series such as Lincoln cents or similar low value coins, it is all but unheard of on U.S. gold coins to have a crack this large. This is because of the high quality standards applied in the manufacture of gold coins. Even the most minute errors resulted in the coin's being rejected and melted down before they were allowed to leave the Mint. Gold coins were typically examined individually by hand, and were weighed individually. This resulted in virtually no errors coming out for gold coins, and this is even more the case with large sized gold coins, such as this 1927 Saint Gaudens double-eagle. 

 

Even today, gold and silver coins are created with extreme care. Anything which effects the metal content or integrity is of utmost importance to the Mint. Gold and silver eagles, for example, never come with cracked planchets (and only very rarely with errors effecting their weight or metal.) As was true in the past is also true today—when the metal content is important, it is vital that the Mint do a near perfect job in manufacturing their precious metal coinage. 

 

When looking back over the last 200 odd years of U.S. Mint coin production, there are remarkably few gold errors. Most of what exists are small strike throughs, slag inclusions or minor laminations. Major errors on gold coins are rare, and the number of cracked planchet coins is minute, with probably no more than a handful known for all gold coin series’. The 1927 Saint Gaudens is the largest planchet crack we have seen so far on any U.S. gold coin. To view images of the coin, here is a link: https://sullivannumismatics.com/coin/ngc-20-1927-saint-gaudens-double-eagle-huge-cracked-planchet-ms64