Error Type:
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In Cod We Trust Error
Double Die
Other Error
Die Break & Chip
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Executive Summary
Based on comprehensive analysis of 117 eBay listings from July to October 2024, this guide explores the fascinating world of 2023 Quarter errors, with particular attention to the most significant error variety – the “In Cod We Trust” misprint.
Notable Representative Error Coins
1. Premium Jovita Idar “In Cod We Trust” Error
- Price: $2,477 – View Original Listing
- Mint Mark: P (Philadelphia)
- Location: Lindenhurst
- Significance: Represents the highest recorded sale price in our dataset
- Notable Features:
- Pristine condition
- Early discovery specimen
- Clear error visibility
- Complete documentation
2. Bessie Coleman Multiple Error Variety
- Price: $1,800 – View Original Listing
- Mint Mark: D (Denver)
- Location: Phoenix
- Significance: Features multiple striking errors
- Notable Features:
- “In Cod We Trust” error
- Additional striking anomalies
- Rare error combination
- Strong collector appeal
3. Double Die Quarter (DDO-DDR)
- Price: $1,700 – View Original Listing
- Location: Winchester
- Significance: Technical minting error
- Notable Features:
- Double Die Obverse and Reverse
- Uncirculated condition
- Sharp detail preservation
- Technical collecting significance
4. Eleanor Roosevelt “Missing Text” Error
- Price: $1,500 – View Original Listing
- Location: New York
- Significance: Unique striking defect
- Notable Features:
- Absent reverse text
- Complete design elements
- Historical significance
- Unusual error type
Market Analysis and Price Distribution
Key Market Indicators
$485.23
Average Price
76%
“In Cod We Trust” Market Share
117
Total Analyzed Listings
Price Tier Analysis
Premium Tier ($1,000+)
15% of total listings
Notable Examples:
- Jovita Idar P-Mint ($2,477) – Highest recorded sale
- Long Beach Specimen ($2,000) – Second highest price
- Philadelphia Mint Error ($2,000) – Premium condition
Mid-Range ($500-$999)
25% of total listings
Representative Sales:
- Washington Quarter ($800) – Clean error example
- Jovita Idar P-Mint ($750) – Popular variety
Entry Level ($100-$499)
45% of total listings
Common Examples:
- Denver Mint ($300) – Typical condition
- Tucson Specimen ($333) – Average market price
Budget Tier ($1-$99)
15% of total listings
Entry Points:
- Rockford Example ($99.99) – Affordable entry
- Budget Specimen ($3.99) – Lowest recorded price
Market Trends and Observations
- Certification Premium: Certified coins consistently command 30-50% higher prices
- Mint Mark Impact: P-mint errors generally selling for 10-15% more than D-mint
- Multiple Error Bonus: Coins with combined errors typically achieve 25-40% premium
- Condition Sensitivity: Uncirculated specimens command 2-3x higher prices
Price Determinants
- Error Clarity: Clear, well-defined errors command premium prices
- Documentation: Professional certification or thorough documentation increases value
- Error Combinations: Multiple errors on the same coin significantly boost value
- Historical Significance: Errors on historically significant designs tend to sell higher
Error Types Classification
1. “In Cod We Trust” Error (76% of Market)
Characteristics:
- Misspelling of “GOD” as “COD” in motto
- Occurs on both P and D mint marks
- Most valuable on Jovita Idar quarters
Notable Examples:
2. Die Break & Chip Errors (12% of Market)
Characteristics:
- Physical damage to the die
- Results in raised areas on coins
- Various locations on both sides
Notable Examples:
3. Double Die Errors (5% of Market)
Characteristics:
- Double impression in the die
- Creates doubled design elements
- Most visible in lettering
Notable Examples:
Investment Guide
Investment Strategies
Recommended Approaches:
- Focus on certified “In Cod We Trust” errors with clear documentation
- Look for multiple error combinations on single coins
- Prioritize uncirculated condition specimens
- Consider P-mint examples for potentially higher future value
Risk Factors:
- Be cautious of artificially created or enhanced errors
- Verify authenticity through reputable dealers or certification services
- Watch for market saturation in common error types
- Consider long-term holding strategy over quick flips
Value Appreciation Factors
- Historical Significance: Errors on commemorative designs tend to appreciate better
- Error Clarity: Clear, well-defined errors maintain value better long-term
- Documentation: Professional certification adds significant value protection
- Rarity: Focus on less common error combinations
Future Market Outlook
- Growing collector interest in modern error coins
- Increasing value for well-documented specimens
- Premium market developing for certified examples
- Strong potential for long-term appreciation in top-tier errors