JQA Presidential Dollar error help

ajbauman · July 13, 2008 6:10AM

Hey all...

I could use a little help with this error.

I'm pretty sure it's not PMD because I pulled it out of the Mint's Direct Ship rolls.

My guess is thin/irregular planchett, all help would be appreciated.

Are there many of these types of errors on these coins? Do you think it is (or will be) worth anything signficant?

Obverse:

Reverse:

Side:

Thanks for your help!

ctf_error_coins · July 13, 2008 6:12AM

Its a clip and an error. good find

ErrorsOnCoins

Rampage · July 13, 2008 6:17AM

Yup, minor clip and a fantastic find. Congratulations. If you decide to toss it on eBay, it should bring you a few bucks. I would not bother getting it slabbed, however, because the fees are way too expensive for such an error.

Broadstruck · July 13, 2008 6:28AM

Maybe FredWeinberg will jump into this thread... as IMHO I feel it is worth getting certified.

sumnom · July 13, 2008 6:33AM

Watch out for finger prints!

bigmansam88 · July 13, 2008 6:35AM

<< Watch out for finger prints!

>>

ajbauman · July 13, 2008 6:56AM

<< Watch out for finger prints! >>

Yeah...I was taking a group of pictures and I got too lazy to put on my gloves... I've fixed it though!

tahoe98 · July 13, 2008 7:08AM

<< Watch out for finger prints!

>>

i was cringing too, when i saw the fingers.

ajbauman · July 13, 2008 11:08AM

<< Its a clip and an error. good find >>

So do you mean this is two seperate incidents, a clip and "an error" or were you just confirming that it is an error?

How does a clip happen again?

And how could it happen on 3 sides of the coin?

WinPitcher · July 13, 2008 11:12AM

Yeah...I was taking a group of pictures and I got too lazy to put on my gloves... I've fixed it though!

How did you 'fix' it?

Steve

kieferscoins · July 13, 2008 11:17AM

<< Yeah...I was taking a group of pictures and I got too lazy to put on my gloves... I've fixed it though!

How did you 'fix' it?

Steve >>

Yeah. Fixed it with a brillo pad?

Cameron Kiefer

ajbauman · July 13, 2008 11:27AM

<< How did you 'fix' it? >>

I just did a quick rinse in some 100% acetone, rinse w/ distilled water, air dry... no problem... good as new.

sumnom · July 13, 2008 11:29AM

Another way to fix it is to just touch all surfaces of the coin with your fingers to make the appearance even.

Batman23 · July 13, 2008 11:37AM

<< 

<< Its a clip and an error. good find >>

So do you mean this is two seperate incidents, a clip and "an error" or were you just confirming that it is an error? >>

I was thinking he was talking about the clip (the real error) and the warts on Adams' chin (a minor die thingy). I would like to see what else he meant.

FredWeinberg · July 13, 2008 12:54PM

It would be described, if you
submitted it to PCGS, as a

Rim Clipped Planchet @ XX:00 (clock position)

It would be weighed to see if it's 1-2% light,
but it appears to be a nice rim clip......

Fred

ajbauman · July 14, 2008 12:56AM

FredWeinberg - Thanks for the input.

Do you know how rare errors are on these new coins?

How would a clip happen on 3 sides?

Any idea on value?

FredWeinberg · July 14, 2008 1:26AM

I'm not sure what you mean by
"clip happen on three sides" ?

There's the rim clip, the Blakesley
Effect opposite the clip........

Can you explain what you mean
by "three sides" ?

Clips on the Presidential Dollars are pretty scarce so far,
and it's hard to give an estimate that's really accurate,
but if I had to, I'd say your Rim Clip is worth up to
$100-$150 or so...

Fred

seanq · July 14, 2008 1:47AM

Here's a page which describes how clips are made. The metal was missing before the strike, so the rim on either side is weak and the edge lettering is missing since the edge die could not reach down into the clip. You can also see signs of metal flow into the area of missing metal which occurs during the strike.

I have a similar clip on a George Washington dollar which cost me just over $100, so Fred W's value estimate is right on. Three's really no reason to certify it as the slab will not add much value, it's obviously genuine and not a super high grade (I'd call it MS63).

Sean Reynolds

ajbauman · July 14, 2008 2:21AM

FredWeinberg - what I was referring to was what seanq clairified for me.

Thanks all for your help!

This is the first error that I've found on my own (besides a rotation error on a 1996 $1 ASE) since I started this foray into coin collecting!

packers88 · July 14, 2008 5:35AM

packers88 · July 14, 2008 5:44AM

As for cashing out I would say getting it slabbed is the only way to maximize the value on this coin. Prospective buyers will stay away from buying a raw smooth edge, a clipped planchet, or for that matter any other error that could be prone to counterfiet. Yes it will sell, but I bet you would get two to three times as much having it slabbed. I've seen slabbed clipped planchets go for over $1000 for the presidential dollars and I can tell you they are a rare find as I have looked through thousand of presidential dollar rolls and have only found one so far. It all boils down to getting a few people who need these to fill their collections and thus engage in a bidding war. If this were slabbed I bet $500 wouldn't be unheard of if you get two people wanting it, otherwise raw it should sell for $100 to $200. Good luck and I know it is nice to get rewarded when you roll search alot.

seanq · July 14, 2008 6:04AM

packers88, I'm going to respectfully disagree with you on getting that coin certified. A small clip like the one in the OP is actually easier to attribute as genuine than a larger one, in part because the metal flow is more evident and also because on harder blanks like the dollars and nickels the Blakesley effect tends to be more noticable on a 1-3% clip than it would on a 10-15% clip. The pictures alone are more than enough to authenticate this particular coin, so I don't think many serious collectors of these errors would have any need for a third party to authenticate the coin as a genuine Mint error.

Right now Fred Weinberg has a clipped John Adams dollar on his site which is PCGS certified. Compared to the OP's coin Fred's is in a higher grade, with a larger clip, from a scarcer issue, and from a scarcer Mint (Denver, I'm assuming the OP is a Philly coin, so I could be wrong here). The asking price for Fred's coin is $600; with that as a comparable I think the OP's coin would be worth around $200 in a PCGS holder. Back out the costs to certify ($40 plus postage both way) and you're not looking at a lot more than the $100-150 the coin should realize raw.

Sean Reynolds

JQA Presidential Dollar error help

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