Mint Packaging Mistakes Can Potentially Be Valuable
- Date: 2010-04-09 - Word Count: 384
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If you have at any time acquired any coins from the United States Mint you will be acquainted with their unique packaging. A large percentage of it is colorful, attractive and protective. The same as all of us, though, even the government Mint in some instances makes mistakes and sends out coins which are not correctly packaged as a set. When that takes place collectors are generally not angered by the error. They know that mistakes made in packaging may occasionally end up being even more valuable as opposed to pristine coin sets. And they are happy to get a hold of something that is different from all others.
The most frequent errors are seen in the packaging of Mint Sets and Proof Sets. Those are the sets which ought to include one coin of each denomination, however in some cases the assembly stations do not work correctly and put in more coins, leave one out, or replace one denomination for another. Sets with two pennies instead of a penny and a dime are frequently found, as are sets lacking the traditional mint medal which should be there.
A collector in Florida recently reported acquiring two sets of 1999 Anthony dollars. Each set should have contained a coin from Philadelphia along with one from Denver alongside the appropriate mint medals. One of these sets, however, was comprised of the coins and two of the Philadelphia medals; the other set had just a bare space where its medal ought to have been. Sets with a mix of dates are viewed as the rarest kinds and are generally valued at a premium above the typical value of an ordinary set. A set comprising of even one coin of an older date is very hardly ever found, and may boost the value of the set by about double. Packages with a missing coin or coins tend to be the least valuable and are ordinarily worth less than a normal set.
It pays to take a look at your government packaged coins and sets for mistakes or unique types, and to hang onto any that are not precisely what you would expect them to be. Their policy is to exchange any coins that are not satisfactory, but in most situations you will likely be pleased to add them to your collection.
The most frequent errors are seen in the packaging of Mint Sets and Proof Sets. Those are the sets which ought to include one coin of each denomination, however in some cases the assembly stations do not work correctly and put in more coins, leave one out, or replace one denomination for another. Sets with two pennies instead of a penny and a dime are frequently found, as are sets lacking the traditional mint medal which should be there.
A collector in Florida recently reported acquiring two sets of 1999 Anthony dollars. Each set should have contained a coin from Philadelphia along with one from Denver alongside the appropriate mint medals. One of these sets, however, was comprised of the coins and two of the Philadelphia medals; the other set had just a bare space where its medal ought to have been. Sets with a mix of dates are viewed as the rarest kinds and are generally valued at a premium above the typical value of an ordinary set. A set comprising of even one coin of an older date is very hardly ever found, and may boost the value of the set by about double. Packages with a missing coin or coins tend to be the least valuable and are ordinarily worth less than a normal set.
It pays to take a look at your government packaged coins and sets for mistakes or unique types, and to hang onto any that are not precisely what you would expect them to be. Their policy is to exchange any coins that are not satisfactory, but in most situations you will likely be pleased to add them to your collection.
Related Tags: investing, coin collecting, coins, mint packaging
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