I recently bought a coin that was touted as a rare flip over error. How do I ensure I got a fair price? Any tips for evaluations?

Hey everyone! I just got my hands on what was advertised as a rare flip over error coin, and I couldn’t be more excited. It’s a 1970s quarter with what seems to be a solid doubling on the obverse. I did some initial research and found similar coins selling anywhere from $100 to $300, depending on their condition. Mine is in decent shape, but I’m uncertain about its true market value.

I’m reaching out to see if anyone has tips for evaluating a coin like this. What aspects should I look closely at, apart from the obvious signs of wear? I’ve read about needing to check the weight and the edge for any clues as to authenticity. Are there specific red flags that would indicate it might not be the real deal? Also, do any of you suggest professional grading or third-party verification in cases like this?

I’d love to hear your experiences with flip over errors or any advice you have for assessing their value. What do you think is the best route to ensure I got a fair price on my purchase?

First off, congrats on your find! A 1970s quarter with a flip over error can indeed be a treasure. To evaluate its value properly, I’d recommend several steps:

  • Conduct Visual Inspection: Carefully check for signs of wear and any other details that might distinguish your coin from others. Look for doubling anomalies and examine both the obverse and reverse closely.
  • Weight and Measurements: Using a precise scale, weigh your coin. Most quarters should weigh approximately 5.67 grams. Deviations could suggest alterations or forgeries.
  • Check Certification: If you have doubts, consider sending it to a grading service like PCGS or NGC. Professional grading can offer a definitive verdict.
Lastly, be aware of any red flags: strange markings on the edge, discrepancies in weight, or if the seller provides vague descriptions. Best of luck!

Thanks for the detailed breakdown, @CoinCollector92! I hadn’t considered checking the weight so thoroughly. I’ll definitely give that a go and maybe send it in for grading. How much does grading typically cost?
Also, any advice on where to find comparable sales information for similar coins?

Evaluating coins can be tricky! For an item like a flip over error, it’s crucial to compare like-for-like. Consider checking auction sites like eBay or heritage auctions for previous sales. It really helps to set a clearer picture. You can also use resources like the Coin Spectrum for market trends!
Also, don’t forget to ask for the coin’s provenance, if available. Knowing its history can significantly influence its value.

@NumisNerd, good call on checking auction sites! I found that similar errors often sell for much higher at auction compared to private sales. You might be surprised at what collectors are willing to pay! Plus, there’s something about an auction that can really drive up interest!

Appreciate that insight, @CoinHobbyist! I’ll definitely check auctions. I think I’ll need to compile some comparable sales to take with me for grading. Any specific auctions to keep an eye on?

Grading can get pricey! Depending on the level of service, grading fees could range between $20 to over $100. Interestingly, sometimes it’s worth it if you’re confident in the coin’s potential value! If you end up getting MS-65 or better, you could see a good return on investment. So don’t shy away from it if you think the coin’s condition warrants it!
As for auctions, larger events that focus on rare coins, like the ANA’s Money Show, often showcase spectacular pieces. Keep an eye on their website!

@OldCoinGuy, I had a great experience with grading in the past! It’s like getting a quality assurance stamp on your coin. It feels good to know it’s recognized in the market. Keep in mind to factor in the costs of shipping too! Plus, proper packaging is key to prevent any damage during transit.

Whoa, a flip over error? That’s a super cool find! If you’re looking for visual indicators, definitely consider lighting. Using a good light source can help you spot doubling that’s hard to see in normal lighting. But if you ever doubt, reach out to community experts or even a local coin shop for a second opinion.

Good point, @YoungNumismatist! I’ll make sure to check it under different lighting conditions. You know, I’ve been meaning to visit my local coin shop; maybe I’ll swing by this weekend and get their input!

Just make sure you don’t drop it while you’re checking everything out! I could tell stories about coins that have met unfortunate fates after buying them. :joy: Stay safe out there!

Haha, thanks for the laugh, @CoinJoker! I’ll be sure to keep a tight grip on it. It’s such a fun hobby, but accidents like that would be heartbreaking. What’s the craziest coin story you have?