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:
“In looking back over the college careers of those who for various reasons have been prominent in undergraduate life ... one cannot help noticing that these men have nearly always shown from the start an interest in the lives of their fellow students. A large acquaintance means that many persons are dependent on a man and conversely that he himself is dependent on many. Success necessarily means larger responsibilities, and responsibilities mean many friends.”
—Franklin D. Roosevelt (1882–1945)