Manufacturing errors might be annoying when it comes to most products, but they are a big moneymaker when it comes to collectibles. Errors increase the value of collectibles because a limited number go into circulation before the error is spotted and corrected. For evidence, look no further than a 1999 Georgia quarter whose value has been estimated as high as $10,000 due to errors.
$2,000 Quarter? Check Your Pockets Before You Use This 2004 Coin
Explore: How To Build Your Savings From Scratch
Georgia state quarters from 1999 have several types of errors, according to the U.S. Coins Guide website. The biggest error involves coins struck on experimental metals, called planchets, intended for the Sacagawea dollar.
As U.S. Coins Guide noted, the Georgia and other state quarters were minted in 1999 when the U.S. Treasury first began the state quarters program. This took place just as the U.S. Mint was working on a new metal alloy for coins. The alloy had a gold tint that was eventually used for the one-dollar Sacagawea coins that came out in 2000.
“Curious how the alloy would look on quarters, a bunch of Georgia state ones were minted using it,” the U.S. Coins Guide said in a blog. “The Treasury decided not to go with the alloy on quarters, but the ones minted with it were still released and are now very much desired by collectors.”
Some Georgia quarters struck on experimental planchets sold for as much as $10,000, according to the blog. Another sold for $7,200 in late 2022.
Here are some signs that you might have an experimental planchet 1999 Georgia quarter error:
-
Weighs between 5.9 and 6.3 grams on a coin scale, which is more than the 5.67 grams for a typical copper-nickel clad quarter
-
Appears thicker than normal
-
Has a golden or greenish color, similar to Sacagawea dollars
-
Lacks the copper (orange-colored) stripe on the edge of the coin
-
Lacks some or all of the edge reeding (e.g. ridges)
-
Has a thicker rim than normal (a coin’s rim refers to the raised ridge encircling the circumference of the obverse and reverse of a coin, according to Professional Coin Grading Services)
If you think you might have one of these Georgia quarters — don’t spend it. U.S. Coins Guide recommended showing it to a reputable coin dealer or getting it certified by a third-party coin grading company.
Learn: Keep an Eye Out for Rare Dime Worth as Much as $2,000 — How To Spot It
Find: Check Your $2 Bills — They Could Be Worth Upwards of $4,500
If you do end up with a rare 1999 Georgia quarter and want to sell it, the easiest way to do so is by listing it on eBay, according to the iHeart website.
More From GOBankingRates
This article originally appeared on GOBankingRates.com: $10,000 Quarter: This 1999 Georgia Coin Is Worth Big Money Because of an Error
[ad_2]
Source link
