Coin Collecting Errors
Coin collecting errors can be a treasure hunt. Essentially, error coins are minted in error. These coins may be a broadstruck penny, a clipped planchet, or a double-dated dollar. Since these items are rare, they can be valuable additions to any collection. But what exactly is an “error” coin, and why are they valuable? Let’s take a closer look at some of the most common types of errors and how they affect the value of your coin collection.
The first type of error coin is a planchet error, which occurs when the blank is imperfect. This can cause a half-moon design to be missing. Collectors refer to these missing parts as clipped planchets. The second type is a lamination error, which occurs when the planchet peels off the coin’s surface. While a planchet error can be a problem, it is a good starting point for a coin collector.
The most common type of error coin is an off-center coin. This type of coin has more than half of the design struck off-center. As the design becomes smaller, its value increases. Off-center coins can be worth $50 or more, and a few of them can even be worth hundreds of dollars. As a result, they’re an excellent way to add value to your collection. And if you’re not interested in minting your own coin, you can always buy an error one at a local hobby shop.
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