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Permalink Reply by Clair Alan Hardesty on October 5, 2009 at 5:12pm Are the Puerto Rico quarters clad or silver? It would be interesting if anyone out there knows the approximate lifetime of proof die pairs (in terms of coins struck). The die pairs for the UHR only last for about 500 coins each. Eventually proof die wear to the point where they no longer produce proper cameo coins (see image). One would also assume that a die pair would be retired early (and the coins it produced possibly purged) if a severe enough error was discovered (as in the case of my 2009 Northern Mariana Islands silver proof quarter). In the case of your quarter, the die may have been retired early but they might have let the coins already minted continue.
Clair
Permalink Reply by Clair Alan Hardesty on October 5, 2009 at 5:54pm The mint may have decided that the quarter error was not significant enough to purge the coins from production (even if they stopped using the die once discovered). I have five uncirculated (W-mint) 2008 silver Eagles that all have the same smooth spot on the obverse (obviously a die issue) that is just probably too small to fail quality controls, like your quarters might be. It is very difficult to place a value on modern error coins until they go to auction and even then it may depend a lot on who is bidding on that particular day. I am hoping that my 2009 Silver Quarter die error coin is at least valuable enough to pay the costs of authentication, grading and auctioning, with a little left over for my efforts. PCGS charges $20 to $36 extra for mint error designated coins ($14 for moderns, $30 for regular, and $50 for mint errors). Being an ANA member, I would normally go with NGC, but with the proof error, I feel that the added prestige of the PCGS holder will help it sell at auction.
Clair
Permalink Reply by True Money on October 5, 2009 at 6:52pm Are the Puerto Rico quarters clad or silver? It would be interesting if anyone out there knows the approximate lifetime of proof die pairs (in terms of coins struck). The die pairs for the UHR only last for about 500 coins each. Eventually proof die wear to the point where they no longer produce proper cameo coins (see image). One would also assume that a die pair would be retired early (and the coins it produced possibly purged) if a severe enough error was discovered (as in the case of my 2009 Northern Mariana Islands silver proof quarter). In the case of your quarter, the die may have been retired early but they might have let the coins already minted continue.
Clair
The mint may have decided that the quarter error was not significant enough to purge the coins from production (even if they stopped using the die once discovered). I have five uncirculated (W-mint) 2008 silver Eagles that all have the same smooth spot on the obverse (obviously a die issue) that is just probably too small to fail quality controls, like your quarters might be. It is very difficult to place a value on modern error coins until they go to auction and even then it may depend a lot on who is bidding on that particular day. I am hoping that my 2009 Silver Quarter die error coin is at least valuable enough to pay the costs of authentication, grading and auctioning, with a little left over for my efforts. PCGS charges $20 to $36 extra for mint error designated coins ($14 for moderns, $30 for regular, and $50 for mint errors). Being an ANA member, I would normally go with NGC, but with the proof error, I feel that the added prestige of the PCGS holder will help it sell at auction.
Clair
Permalink Reply by Clair Alan Hardesty on October 5, 2009 at 9:24pm
Permalink Reply by Lee Grant on October 6, 2009 at 7:12am
Permalink Reply by Clair Alan Hardesty on October 6, 2009 at 8:36am
Permalink Reply by Tom Ecker on October 6, 2009 at 9:49am It looks like just bad quality control.Errors like these probably won't generate much interest, and probably few bids. I would think that they just decrease the value of the set. Is is too late to return them for exchange for less-impaired sets?
Claire's proof seems to be the type to get more interest- especially if someone comes up with a reason why that problem occured during production.
Please keep us informed as to what happens in the future with these varieties!
Permalink Reply by Clair Alan Hardesty on October 6, 2009 at 11:38am © 2012 Created by coinnetwork.