Hi All, Just talking to my next door neighbour who is a coin collector. He was telling me he was at the bank in 1968 when he got hold of two rolls of 2c coins (still in the rolls) and that the coins had mint error where they didn't have a date stamp on them. What do you guys and girls think they would be worth each. Cheers Chris
No idea (and I suspect most people wouldn't know either), but I suspect they'd be quite valuable. Your best bet would be to take them around to a number of dealers specialising in numismatics and get several valuations.
Book value of one 1968 2 cent piece in uncirculated condition is $65. If possible, can you get a picture and post it ? I've not heard of this error on our coinage as yet but could be a possible die error or crud in relief causing errors in stamping. As said in previous post, I would get several valuations from respected ANDA dealers and auction houses and advise your neighbour not to sell until thorough research has been conducted.
Having sought valuations from several dealers about my 10 cent piece, I came to the conclusion that they wanted me to sell to them for chicken feed and they would resell for more. LOL. At the end of the day, the coins are only worth as much as someone is willing to pay for them. Dealer A could quote $100 a coin, Dealer B $1000 a coin ..... but at auction, they could sell for $65 a coin or $5000 a coin. Without opening the rolls, you cannot verify each and every coin has a unique error so I would expect price to be something like 49 x Unc price + 1 x error price ... unless a dealer or auction house is willing to gamble on the entire roll being dateless .... big risk for them and any purchaser. Therein lies the mystique about such a roll. I would love to see a close up of the date area on the coin to determine if there is any strike, a weak strike or some time of abrasion on the surface. This is my opinion as a lay person who has been collecting and studying coins for over 30 years. Don't get me started on stamps. Graeme Edit: spellink erors
I say open the roll and sell them off one by one on eBay.com.au. Sell them at least 2 weeks apart from each other - dont mention the opened roll, as potential bidders may suspect future listings of the same coin and wont seem as scarce and may wait to bid on the coin in the future.
Give Scott at Universal a Call (Site Sponsor) If he cant give you ans answer, he will pass it across to Alan Flint, who will definitely know.
Thanks for the replies guys, I put up the post as a favor to him. He's an old bloke who has been collecting for years. Guilt would get the better of me and I could never rip someone off like that. Although I did try to get hold of his 66 50's at spot lol. I'll go over tomorrow and get a photo for u all and maybe any other strange ones he has.
