4) Errors & Anomalies
An error that makes it onto a coin is one of the biggest factors in driving the value of a coin up. While these errors rarely occur, several notable examples exist, sending coin collectors into a frenzy to snatch them up.
What kinds of errors and anomalies have made it onto coins?
• Incorrect dates
• Double die (overlapping)
• Off centered images and text
• Wrong metal used (wrong planchet in the machine)
Most error coins are widely known and accounted for. However, stranger things have happened (like finding a Stradivarius violin in a closet), so who knows – that pile of change in your drawer might bear a famous error! The most widely known error coins are:
• 1955 Doubled-die Cent: Worth over $3,000.
• 2004 Peace Nickel: Double-die.
• 1943 Copper Cent: Wrong planchet used.
• 1943 Bronze cent: Wrong planchet used; Last sold for over $1 million.
• State Quarters: Some of the new state quarters have come out as double-die or off center, spiking their value.
The lesson here is to have a keen eye when looking at your coins!