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Ok..... WILL SOMEONE FINALLY SETTLE THIS?

I have a 1992 proof set that is rather unusual. There is a flaw in the penny and the copper has flaked off of the zinc and you can see the flakes inside the sealed holder.

There is no doubt this is an error on a proof coin. But when I rarely bring it up to people they argue about it somewhat.

Some feel that the error must occur inside the mint, before packaging. Others feel that as long as the proof set is sealed, it is an error.

Many simply look at that penny and see it as a damaged proof coin. Others see it as a true find that is to be kept.

What would you do and who is right?

(Finds a Foxhole)

Alexandria Collection

It is better to dwell in the corner of the housetop, than with a brawling woman and in a wide house. - Proverbs 25:24

Comments

  • Catch22Catch22 Posts: 1,086 ✭✭
    I would consider it poor quality from the mint and not an error. I'd dump it for a better set or simply leave it in the plastic so I could say, "see what kind of crap the mint is putting out these days?"


    When we are planning for posterity, we ought to remember that virtue is not hereditary.

    Thomas Paine


  • << <i>Pics??? >>



    Pics are not going to be easy but I will try......
    Alexandria Collection

    It is better to dwell in the corner of the housetop, than with a brawling woman and in a wide house. - Proverbs 25:24
  • I had a 1985 proof penny that had a lamination all the way across the reverse with some flaking evident.I thought it might bring a premium on ebay,but got my feelings hurt.
  • I agree with catch22. Sounds like poor quality from the Mint.

    I can't imagine it would bring any kind of premium. Probably just the opposite.

    edited to add: It's not like it's some kind of doubling or wrong planchet mistake. Sounds to me like the coin is just falling apart.

  • BillJonesBillJones Posts: 34,843 ✭✭✭✭✭
    Yep! Poor quality in the execution of a Proof coin usually results in LOWER values, not higher ones.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • well ok....... no major deal..... It is not bad enough to call it lamination, but flaking yes...... I already have another one.

    It is has done its flaking between the date and mintmark and it is a cuss to take a proper picture of but can be easily seen with the naked eye.... As soon as my digital camera or my scanner tries the light the put off causes the error to be covered up in the picture because the light reflects off that blasted plastic.
    Alexandria Collection

    It is better to dwell in the corner of the housetop, than with a brawling woman and in a wide house. - Proverbs 25:24
  • merz2merz2 Posts: 2,474
    I also agree with catch22.
    Don
    Registry 1909-1958 Proof Lincolns
  • SteveSteve Posts: 3,312 ✭✭✭
    drainbamage, the assumption most people make about an error coin is that it is worth more money than a non-error coin. In reality this just depends on whether a potential buyer is willing to pay more for the coin than he would for a normal non-error coin. Based on your description, I personally wouldn't pay more and in fact I probably wouldn't even want to own the coin. JMHO. Steveimage
  • ShamikaShamika Posts: 18,785 ✭✭✭✭
    I suspect that in 100 years, many proof cents will be flaking their skins.

    Buyer and seller of vintage coin boards!
  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    The zinc probably gave off some gas and the copper plate fell off. I would think the coin is worth less than a coin of higher quality. Try asking the question of David Hall, he should be on the Q&A forum tonight.

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • MyqqyMyqqy Posts: 9,777
    The zinc probably gave off some gas

    There's a joke here somewhere and I just can't find it!! image
    My style is impetuous, my defense is impregnable !
  • Dog97Dog97 Posts: 7,874 ✭✭✭
    <<<What would you do and who is right?>>>
    A striking error occurs inside the Mint because that's where coins sre struck but a planchet error of that nature can occur anywhere outside the Mint because the planchets are made outside the Mint.
    It's a neat oddity but not worth much prem because plating problems are common with zinc cents.
    Change that we can believe in is that change which is 90% silver.
  • mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    On Ebay each of those flakes is an error. you could sell it for big bucks.
    coinimaging.com/my photography articles Check out the new macro lens testing section

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