1896 Penny error?

[Russ777]

I found this one looks like a number 1 has been tooled instead of I in REGINA on 1896 penny

I know this penny is quite worn but none of the other I's are effected in this way

Has this been recorded?

Ideas to possible value?

Thanks Russ777

[£400 for a Penny ?]

To my eyes Russ, that looks like the body of an I in every way similar to the next one, except that there seems to be a small inperfection at the top left which gives the suggestion of a 1 as you point out.

Others may disagree, but to me that has no value at all, it's either die wear or an imperfection, I don't believe it to be an integral part of the design.

As to it's market value, who knows in these odd times, someone could well be interested in it ?

[Russ777]

Thanks I did wonder if it might be a small flaw as you said. I am going to put some more photos on for everyone to take a look.

[Russ777]

Another one taken in daylight!

[Russ777]

another...

[1949threepence]

I'm inclined to agree with 400 ~ that it's a random flaw of some sort. Maybe a die error.

But, and it's a big but. That really does look like a "1". Pretty much identical to the "1's" in the date. So who knows, maybe there was a problem with the "I" on a particular batch, and they replaced it with a "1" hoping no-one would notice.

[azda]

hmmmmmm possibly

Edited May 23, 2010 by azda

[1949threepence]

hmmmmmm possibly

You're right. The difference is palpable. The "I" in FID has a regular, symmetrical shape, almost akin to a bone, whereas the figure in REGINA is a definite figure "1" in appearance.

In fact the more I look at it, the more I'm becoming a convert to the "I" being replaced with a "1" scenario. Be that deliberately, or due to error.

ahhh, I clicked on your pre edited reply, but quoted the above.

Edited May 23, 2010 by 1949threepence

[Russ777]

So given the two camps small die flaw/I deliberately replaced what could someone be willing to pay??

I realise this is worn coin. I suppose it depends how many surface. Was this a very popular coin ie; what was the mintage and how big a batch could it be before someone changed it??

How could I confirm scenario 1 or 2???

Am I guessing there is no previous record of this on the 1896 penny??? I am searching 1896 Pennies to see if I can find others.. I suppose even if a die flaw it could be on 1000s of coins????

I am inclined to try flogging it on Ebay. But I am flogging a dead horse. Or would people suggest taking it to a specialist coin dealers/auction house???

Are we talking a couple quid/£10s or even as much as 100?

Sorry to be materialistic but could do with the hard cash for my other interests

Regards Russ777

[azda]

I'd get it researched first Russ, it could be worth much more if verified

[Russ777]

I'd get it researched first Russ, it could be worth much more if verified

Thanks Azda

Any suggestions who to approach ie coin dealers/ where to research. I was hoping it would be ina book somewhere...

Is Spink a good bet??

When you save worth much more I suppose as a slight die flaw we are talking a few quid, if tooled either deliberately/error as like a one much more?? In my opninion someone has only tooled the left side top as a one sloping down maybe in error thr rest looks very much as a letter I.

Could extraneous material/metal seeping out the die look like this?

Regards Russ

I am a novice as regards this and I am thinking maybe just seeing what someone would offer on Ebay and letting them either add it to their collection or research more and make their mark up.

If this was certificated as a tooling error even in this conditiion what could we be talking so I can guage whether that road is worth my while???

[azda]

Why not try PCGS and get it encapsulated at the same time, maybe they can work out what it is for you and you'd be killing 2 birds with 1 stone. You'd probably have to point the error, if thats what it actually is, then let them do the legwork

[azda]

Geez, thats some starting price Russ 4K Just spotted it on Ebay

[Russ777]

What should be nearer the mark given the possibility it is just a die flaw? Any ideas?? Of course expecting lower offers. Mind you I don't want to end up on the Ebay laughs page!!

I feel a tad embarrassed now what is nearer the mark. I would rather see what people might be interested than go through the other channels...

Regards Russ777

[Russ777]

What should be nearer the mark given the possibility it is just a die flaw? Any ideas?? Of course expecting lower offers. Mind you I don't want to end up on the Ebay laughs page!!

I feel a tad embarrassed now what is nearer the mark. I would rather see what people might be interested than go through the other channels...

Regards Russ777

That was buy it now/best offer now even lower... is that nearer?

[azda]

I really could'nt say Russ, personally i'd get it checked out, then no one could laugh if what you have is a genuine error. That piece of paper you would get would be quite some insurance, then if it were genuine Ebay would'nt be the place for it. Just my opinion, what's a month or so to get it checked out?

[Russ777]

I really could'nt say Russ, personally i'd get it checked out, then no one could laugh if what you have is a genuine error. That piece of paper you would get would be quite some insurance, then if it were genuine Ebay would'nt be the place for it. Just my opinion, what's a month or so to get it checked out?

Thanks Azda must say you are giving fair advice. So is what you are saying if it turned out to be the error Ebay is not the place??

I just had a look on the site you suggested about grading they do not do error/flaw online, but may be they do it postally. Looks very American,, do you have to post it to US???

Is there no grading in UK?

I think I may end up taking it off Ebay. I will try a while. I don't mind if I lose out a bit and someone else gains as at the end of the day I have found a penny that did not cost me a fortune and to someone else it may be an interesting item.

You seemed to suggest the other price was far to high. Surely then there is no chance of reaching that kind of money even if authenticated so is it worth the wait???

Sorry for my impatience

Russ

[azda]

I really could'nt say Russ, personally i'd get it checked out, then no one could laugh if what you have is a genuine error. That piece of paper you would get would be quite some insurance, then if it were genuine Ebay would'nt be the place for it. Just my opinion, what's a month or so to get it checked out?

Thanks Azda must say you are giving fair advice. So is what you are saying if it turned out to be the error Ebay is not the place??

I just had a look on the site you suggested about grading they do not do error/flaw online, but may be they do it postally. Looks very American,, do you have to post it to US???

Is there no grading in UK?

I think I may end up taking it off Ebay. I will try a while. I don't mind if I lose out a bit and someone else gains as at the end of the day I have found a penny that did not cost me a fortune and to someone else it may be an interesting item.

You seemed to suggest the other price was far to high. Surely then there is no chance of reaching that kind of money even if authenticated so is it worth the wait???

Sorry for my impatience

Russ

I'm not saying it's not worth that Russ, it might be if authenticated, then again, if it were authenticated it might be worth more, it could be unique and then it would be worth a hell of a lot more. This is why i think it would be better to get someone to look at it. You could send it off to spink. Go onto their website and maybe send an email with a few pictures of the coin, they might ask you to send it on to them, but as you didn't pay a lot for it, it will be to your benefit if it comes back a genuine error, then you'll be a happy man that you waited.

[Russ777]

I am going to see how it goes as regards offers already people 'watching' interest in the first hour...

Maybe then well take to Spink it would be interesting, of course they might say its a load of rubbish!!

Russ

[£400 for a Penny ?]

Sorry for my impatience

Russ

Russ, take a breath my friend. If it is worth anything, it will take many months until you could be in a position to sell it.

Az, I note, is slowly turning from poacher into gamekeeper (he used to be like this but has learned), I'd take his advice and slow down a bit ?

I still don't think it is a '1' but others might and 'others' have money.

Take it off ebay before you get a bid and go and have a stiff drink or lie down, whichever works best for you.

I like to do both in the correct order

Isn't it lovely, on such a perfect summers day, to see the last few pages of this topic emblazoned with burnished bronze ?

Well done everyone.

Rgds,

[azda]

You learn as you go along 400. Advice from the forum has helped me out a lot, so in turn, i like to help others. I think it would make sense for Russ to slow down and think about the bigger picture, so i hope he can just have a little patience, it could be to his benefit in the long run.

Pour me a Pimms 400 old bean

Edited May 23, 2010 by azda

[Peckris]

I am going to see how it goes as regards offers already people 'watching' interest in the first hour...

Maybe then well take to Spink it would be interesting, of course they might say its a load of rubbish!!

Russ

Russ, sorry to bring you down to earth , but ...

If you look at an earlier post I did of a previously undiscovered reverse variety (unquestionable) of an 1887 wreath reverse sixpence, you will agree with all my evidence that this is a clear variety. However, no-one has expressed any interest in it, from Spink downwards. The main reason being (I suspect) that there is only this one specimen. Ironically, fi there were a few others it could be classed as a rare variety, enter the books, and make me a modest fortune.

You're in the same boat. EVEN IF it turns out to be a 1 for I variety, without any other specimens you're on a hiding to nothing, and it's very unlikely anyone will take any interest. Sorry, but that seems to be the way of the world with coins.

[Russ777]

I see what you are saying about how unique items are often not recognised in catalogues. I also have noticed that there are two other possible die flaws. A spike of metal on the top left of 'C in 'VICTORIA' and a small metal spike to the top right of IND letter 'D'

I am lowering the price to reflect this could well the difficulty in getting anything recognised

Of course more may surface

Have also contacted Spink and await their reply..

If the item sells I will not be disappointed as a good return.

Thanks for all your opinions

Regards Russ

[Russ777]

Heres the small D flaw pic to top right of letter in IND

[Russ777]

Heres the small D flaw pic to top right of letter in IND

Have changed listing to £300 no reserve and let the market find the value given it could be absolutely nothing this is a good return.

I am still trying to get a reply from Spink nothing as yet. But I will see what happens. If they do give a positive response that this might be something rare I can always cancel auction

Russ777