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Planchet crack
yellowkid
Posts: 5,486 ✭
Does a planchet crack, either very faint or an actual crack that gets into the body of the coin, affect marketability or price? Thanks
0
yellowkid
Posts: 5,486 ✭
yellowkid
Posts: 5,486 ✭
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Last year I sold a common date Peace in an NGC holder, MS-63, for $500.00. It had about a half-inch crack at 6:00.
Cheers,
Bob
<< <i>Does a planchet crack, either very faint or an actual crack that gets into the body of the coin, affect marketability or price? Thanks >>
error collectors normally pay a premium, especially if acknowledged by reputable grading company. I got over $400 for this raw James Monroe dollar when they were first released by the mint:
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If it is a modern piece it qualifies as a mint error (poorly annealed planchet) and could sell for a high price, especially if it's an error coin that seldom gets out the mint like a half dollar or dollar.
If it is an early U.S. coin, it’s a killer. I’ve seen a few 18th and 19th coins and tokens on cracked planchets, and I would not get near them. I remember a dealer had a very rare variety of a Hard Times token on a cracked planchet. He had forever because no one wanted to take a chance on it. It looked like it was about to split in half, which if it did, the thing would be worth a tiny fraction of the asking price.