As we’ve discovered in our research, error coin collecting can be surprisingly lucrative and easy to do. Quite simply, all you need is a jar of change or a roll of coins from the bank. Prices for actual mint error coins can range from a few dollars (quite a markup from a penny) to several thousands of dollars (a lot of markup from a penny).
As we discussed in an earlier post, setting aside time in the evening once a month to examine your loose change can be a fun family activity. Before starting this hobby, its a good idea to conduct some research. A great resource is Mint Error News Magazine. This online magazine features an error coin glossary and error coin pricing guide as well as the latest news.
The right tool can go a long way in helping you with finding error coins. A 10X loupe/magnifier is an inexpensive tool that can you can use to quickly examine your coins.
