Liberty Head Double Eagle Error
CaptainBlunt
Posts: 190 ✭✭✭
The New York Assay Office of Gold did a tremendous amount of business with the Philadelphia Mint. Her customers would make gold deposits that were melted down and turned into fine gold bars. These bars were in turn sent to the P Mint and coined into (primarily) Double Eagles. The coins were then sent to New York and the customers of the NYAOG would receive their newly struck coins.
On rare occasions un struck DE planchets left the P Mint by mistake.
On February 9,1860, the Treasurer of the United States Assay Office at New York wrote the following letter to the Treasurer of the Philadelphia Mint.
I have this day transmitted by Adam’s Express Company receipt invoice enclosed, four boxes fine gold bars of the net value of $283,872 57/100 for which please remit double eagles.
I also return through the Express Co. a blank twenty dollar planchet , received in your remittance this morning of $100,616.27 which amount I have placed to the credit of your a/c.
The returned blank DE planchet was probably melted and re coined
I only remember seeing one such piece
for sale It appeared in a Heritage Auction
and was in an NGC holder I don’t recall the date of the sale. I think they described it as a Type 1 DE planchet
It was called an error-I guess because it was an error for the Mint to release an un struck piece
This contemporary 1859 letter corroborates that these un struck planchets even on pieces as large as DE’s etc. occasionally slipped through the Mint’s doors.
Comments
I suspect that the Philadelphia Mint would have just weighed it and, if it was within tolerance, put it in a bin of $20 planchets waiting to be struck. After all, it had never left the Treasury's possession.
https://coins.ha.com/itm/errors/blank-type-one-planchet-for-a-double-eagle-not-graded-ngc/a/1166-5045.s?ic4=ListView-ShortDescription-071515
Is an unstruck planchet considered to be an error coin considering it was never a coin?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Would it depend on if it was fed into the press and ejected without being struck?
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