There Could Be A Fortune In Your Pocket Change & LPUD
Many people don't really bother to even took at their change after a transaction. It's just a few coins and people tend to toss them into a change dish or a bottle and forget about it. And to be completely honest with cashless transactions many of us are seeing less and less change. However, it's always wise to check your change carefully. You never know when you may find a very valuable coin worth far more than the coins themselves.
Several years ago I bought a coin from a coin shop that had come from Australia. It was located in the discount bin that the owner was trying to clear out, so it was 50% off. What caught my eye about the coin is that something was wrong with it, which many times in coins can be a bad thing. But in this case not so bad. Have a look:
I'm sure you saw it, but just in case:
It's even easier to see what happened on the front:
This coin was struck twice, the second one just catching the edge. These are known as error coins and can have significant value if you know what you are looking at.
About the coin:
numista.com
While the coin itself only contains 50% silver and isn't worth much by itself, maybe $2-3, what gives it some extra value is the double stamp error. In this coin it happens to be fairly small, and so it might add a few dollars to it's value depending on how many of these error coins managed to sneak past quality control. Most errors are found at the mint itself and sent back to be melted and reprocessed into a proper coin.
When mints are producing more than 20 million of a particular coin as in the case of this 3 Pence, errors will occasionally get missed and sent out for use. These coins will be found occasionally in your change and are always worth more than just face value. Many coin collectors only collect error coins and the bigger the error the more they will pay!
Error Coins
For some examples today I'll start off with some pennies from the United States. This coin has as of this year officially gone the way of the dodo bird, and will no longer be produced. A change that has been needed for years as it costs way more that $0.01 to produce them. Each year hundreds of millions of these were produced, and errors did happen. With that kind of volume not all of the mistakes are caught and make it out into circulation. Over the years I have found many error pennies and would always keep them.
The first example I'm sharing today comes from a coin grading web site as they often have some of the best examples of these coins. In 1955 a misalignment of the striking left doubled wording and dates. These are referred to as double die coins. How likely are you to find one of these in your change today? Because of it's age not too likely, but there may be some floating around still. A penny with this error and in good condition it could be worth in excess of $2,500!
ngccoin.com
Now for another error coin that is extremely rare, and I wish I had one! In 1969 the San Francisco Mint had the same issue happen, just less notable. You can see below the doubling in the date and the mint mark. If you happen to find one of these you could be $20,000 richer! They are very rare, but there may still be some floating around in change.
ngccoin.com
A year or two ago @silverd510 found one of these coins in his pocket change. In 1972 they once again had some double die errors slip out of the mint. There are still some of these floating around they are worth much more than just a penny. One in good condition can bring in more than $300, all depending on condition.
ngccoin.com
And now for something truly ugly that slipped past quality control. On occasion extreme errors like the one below somehow make it out into circulation. These extreme errors can get top dollar from the right collector. I couldn't find a sale price on this one, but it is pretty impressive how something stamped multiple times managed to be missed at quality control!
storage.googleapis.com
Now back to Australia with another error coin, this is called a clipped planchet error where a part of the coin is cut off during production. The also well carry a premium from error coin collectors, and the bigger the error the more they will pay!
pinterest.com
Taking a few minutes to check your change could really pay off!
Leo Power Up Day
And I very nearly forgot it is Leo Power Up Day, so I went ahead and powered up the LEO I had liquid, all 164 and change. Not too bad! Don't forget to do your LEO power up, they do provide some nice prizes to a few lucky participants. You might get lucky!
That will wrap up my post for today. I hoped you enjoyed the error coins, I always find fascinating! Remember to always check you change because one of those coins could be worth a fortune! Thanks for taking the time to read my post and thank you for all of your support everyone, it's greatly appreciated. Please feel free to leave any questions or comments below. Have a great day everyone!
References:
Disclaimer:
I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!
DUO token
This is a token from the Hive Onboarding Committee (HOC). It offers curation, dividends, and a tipping bot for those who stake enough tokens. The overall purpose of the token is to stack enough HP to be able to assist the HOC in onboarding and retaining new members to Hive.
Please check out the white paper: https://peakd.com/pimp/@hive-193566/duo-white-paper
You can find DUO for sale here:
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
If you are interested in precious metals or even want to learn more about them feel free to come join us #silvergoldstackers
I'm a proud member of The Alliance Family!
The HOC focuses on onboarding and supporting new Hive members
Posted Using INLEO
You received an upvote of 100% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
How interesting!
Here is a fraction of a !UNI coin for you...
And some other "coins" for your collection 😁
!HOPE
!LOLZ
!WRD
!INDEED
Receive some !LUV too... 🫶
@thebighigg, @pablito.saldo(1/3) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
Some of those coins look awesome! !UNI
Error coins can be pretty funky, and fun to collect!
!UNI
never knew old coins can be so rewarding , so if found how do you get the worth out of it? is it by selling or holding
Depends, some people sell for the cash right away, I'm a holder and don't sell. It all comes down to your mindset. Some cash now or even more cash later!
hmmm good questioning,
It really is amazing how these error coins can slip through quality control!😮
That’s awesome that you found your error coin in the 50% bargain bin!👍😊
I’ll be sure to look twice at the bargain bin going forward!😇
I think he may have placed it there accidentally or maybe just had it too long and no one was buying. Who knows? I love the bargain bins in any coins store, there is always something to be dug out!
It’s always so much more memorable when you find a bargain!🤗
Years later, you will always remember remember that special “find”!🤗👍😊
I have an Ike Dollar with a Lump on top of Ike's head... I've never seen or heard of any others...
How funky are some of those errors. Quite literally seeing double in some cases!
Glad you are back, I was wondering if you were okay as I saw no ttt post from you...
I've been down a couple days, threw out the old back. Slowly getting started again, little by little. I had started a TTT when it happened, so maybe I'll save it for next week!
Those double die errors make you feel like you've had a few too many to drink don't they?
Oh no, the dangers of writing ttt's!
Hehe yeah those double die errors sure would get you thinking you had one to many!
Excellent coin you found. I hadn't seen that error on that Australian coin before. Very interesting. Errors in numismatics are one of the most interesting and sometimes most difficult subjects. It would be good if you could certify it, since it's in good condition. Congratulations.
That is the kind of defect that I want, which is surprisingly expensive ;)
!LOLZ
They are out there, it just takes a lot of searching through change to find them and some good luck never hurts!
!PIZZA
!LOL
!LUV
@ekavieka, @thebighigg(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
lolztoken.com
... sky diving is not for you!
Credit: reddit
@ekavieka, I sent you an $LOLZ on behalf of thebighigg
(1/10)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
I forgot it was LEO power up day too. I have kind of let my holding slide. I just don't post as much finance stuff as I used to. I wish there was an easy way to sort my change jar for potentially valuable stuff!
The only way to do it is the slow way... That's why I check before it goes in! I nearly missed the power up day too, a last minute epiphany.
Now if you could design a change sorter than scanned each coin on it's way in to search for errors or valuable dates and attach it to a database. That might be kind of a cool machine. It probably wouldn't be cheap to build or the do the coding on either, but a cool thought!
No, I doubt it would be cheap at all!
I shared an error 2007 Canada 1 Cent planchette error on the #SGS discord, a coin I found in my Mom's dusty change jar, there was about $260CAD in change in the jar. I estimated the value $30 at least but I know I could get a better price for its practically uncirculated condition.
The more spectacular the error, the more valuable it is.
It's the same for Banknotes.
!PIMP
There are people who go to the bank a few times a weeks to get new rolls of change to sort through and look for errors. I've heard of some of them making some big finds too. Same thing with fresh stacks of bank notes. I've never been dedicated enough to do that though!
That's a cool find in your Mom's old change. With those coin star machines that sort change at big stores many of those old error coins are showing back up in circulation as the children find giant hordes of change in their parents homes when they die and don't bother to sort it. Very dumb move!
!PIMP
You are right, one should check one's change as one may find one of those coins you mentioned, sometimes you have to be cautious and look for luck.
Sometimes you get lucky, most of the time not. But if you never bother to look you definitely will never find anything valuable!
!BBH
$PIZZA slices delivered:
@thebighigg(1/10) tipped @ekavieka
Come get MOONed!
Happy Leo Power up day
It is late, but I was not free on the 15th
I got around 180 LEO powered up
Have a good day