Hey everyone! I hope you’re all doing well. I recently stumbled across an intriguing coin in my grandfather’s collection — it appears to be a wrong planchet mistake coin! I’ve been diving down the rabbit hole of error coins lately, and I’m both excited and a bit overwhelmed about what to do next. This coin is in decent condition, showing some wear but still retains clear details.
I’ve done some basic research and found that wrong planchet coins can be quite valuable, depending on the type and rarity. However, the market can be tricky and full of nuances. I’ve come across examples online, but theirs seems more pristine than mine. I’m really curious as to how the condition impacts value and whether I should clean it or just leave it as is. Have any of you dealt with a similar situation?
I’d love some advice on the next steps to take. Should I seek professional appraisal, or do you think reputable local coin shops might be able to provide insights? What’s the best way to verify its authenticity and rarity without diminishing its value? Looking forward to hearing your thoughts!
Congrats on finding such an interesting coin! Wrong planchet coins can indeed hold significant value depending on various factors. Coin condition is critical; typically, the grading scale ranges from Poor (P-1) to Perfect Mint State (MS-70). It’s great that yours still shows clear details, but it’s vital not to clean it. Cleaning can drastically decrease its value. Instead, I recommend carefully documenting its current state with photos.
Here’s a suggested plan:
- 1. Research the specific type of coin you have. Sites like PCGS and NGC offer valuable resources.
- 2. Connect with a reputable numismatic group or forum for initial opinions.
- 3. Consider visiting a certified appraiser for a thorough evaluation.
Let me know how it goes!
5 Likes
Thanks for the insight! I had no idea cleaning could be such a bad move. I’ll definitely hold off on that and follow your steps. I’ve been checking out US Mint as well. They provide fantastic info on error coins too! I appreciate the direct links, they really help. What do you think about posting some photos for feedback?
3 Likes
Definitely don’t clean it! Patina can be your best friend in preserving the history of the coin. If you’re looking for an appraisal, local shops can be hit or miss. Make sure you pick one with good reviews. Has anyone suggested NGC’s or PCGS’s grading services? They have experts who can provide certificates that will definitely increase your coin’s marketability!
4 Likes
That’s true! @NumisNerd77, getting a grade from a reputable service can add a ton of value! Just don’t forget that it usually costs a bit. I’ve sent a couple of mine and it’s worth it in the long run when you go to sell. Maybe think about sending it in if you end up with a good grade!
2 Likes
Sounds like an amazing find! Just remember, the market can fluctuate. If you want to determine its value, considering auction results for similar items can help. A website like Collectors.com could provide some comparative sales data. I had a similar misstrike that turned out to be worth a lot more than I anticipated! It’s crucial to find reliable comps.
3 Likes
Thanks @CoinFinds88! I had no idea comparative values could vary so much. I’ll definitely check out Collectors.com for that info. It’s overwhelming but also super exciting! I’m very curious to see how it stacks up against others like it.
2 Likes
@CoinHunter89, I totally understand being overwhelmed! I remember when I found my first error coin — I thought I hit the jackpot! Just stay patient and take your time to research. If it’s a rare find, you’ll be glad you did. Oh, and don’t listen to anyone who says “just rub it with a cloth.” That would be a hilarious mistake! 
5 Likes
With a find like yours, @CoinHunter89, I’d definitely recommend posting some high-quality images in our error coins section! The community can be super helpful. Plus, it can help you get different perspectives on its condition and type!
3 Likes
Great idea, @CoinSavvy101! I’ll definitely post some pictures once I get them sorted. I really appreciate everyone’s help so far — this community is amazing!
2 Likes