Numismatic Interest
Many beginning numismatists buy coins thinking they are very valuable, but really are not worth more than a little over face value due to a die deterioration doubling. This common error fools a number of people into believing that it is a much rarer, and more valuable, form of doubling. It goes by a number of names, such as the "poorman’s double die."
Jefferson nickels and Lincoln cents especially exhibit a large number of affected coins, throughout the entire history of the coin. The 1955 "poorman’s double die" is actually outside abraded die doubling, and a high percentage of 1999 coins exhibit this error. Because of the large numbers of these coins in circulation, they are not worth more than a few cents over normal value. Nevertheless, die deterioration doubling can deceive the beginning numismatist with the high hopes of discovering a new variety and making a fortune.
Read more about this topic: Die-deterioration Doubling
Famous quotes containing the word interest:
“There is hardly any contact more depressing to a young ardent creature than that of a mind in which years full of knowledge seem to have issued in a blank absence of interest or sympathy.”
—George Eliot [Mary Ann (or Marian)