Error Coin Collection
Some of the most valuable coins hobbyists can collect are known as error coins - which in turn will make any error coin collection valuable as well. If you want to start an error coin collection, the first thing you need to do is find out what coins are available and which will add value to an error coin collection.
The great thing about error coin collections is that they can include old and new coins, making them accessible to all, depending on budget. They can also include coins from a specific country, or world coins from anywhere in the world. You can even find some of them still in circulation.
Some of the best known coins minted with errors come out of the United States mint and include quite a few minted within the past four or five decades:
1969-S Lincoln Cents that have a doubled die obverse and are very rare, selling for up to US$35,000.
1970-S Lincoln Cents (small date) that have a doubled die obverse are not as rare, but still sell for around US$3 000, which is considerably more than its 1c face value.
1972 Lincoln Cents that have a doubled die obverse and sell for around US$500.
1982 Roosevelt Dimes without any mint mark that sell for between US$30 and US$50.
1995 Lincoln Cents with a doubled die obverse are still sometimes found in circulation, and are worth between US$20 and US$50.
1999 wide "AM" reverse Lincoln Cents that have a gap between the "m" and "e" in "America" on the reverse side of the coin are valued as much as US$600.
2004-D Wisconsin State Quarters with an extra leaf on the left-hand side of the ear of corn on the reverse of the coin are worth as much as US$300.
Coins with errors that have been minted in Australia include:
1947 Australian Penny with a broadstrike error.
1963 Australian Sixpence with a broadstrike error.
2002 Australian Outback design for Aus$1 that has an indent error.
All are worth considerably more than their face value so deserve a place in your error coin collection.