Is there any premium on a ty1 gold dollar error? Pictures Posted

Tdec1000

Made a mistake, this coin is not a 10% Clip as previously thought....still a neat piece in my opinion. Excuse me for the poor photos not very good at photographing gold coins especially small ones.

savoyspecial

many fakes in that series......are you sure it is genuine?

Tdec1000

Yes it is genuine for sure. Almost looks 63 but a small bit of wear on the most highest points. I almost pulled the trigger on it today.

Tom

CaptHenway

They were very careful with the weights on the gold coinage. I would think that it would have a good premium, if genuine.

BillJones

<< <i>They were very careful with the weights on the gold coinage. I would think that it would have a good premium, if genuine. >>



The weight of the of all business strike U.S. gold coins was VERY important. If the coin was underweight, it did not matter what the denomination was, you only got its weight in gold. For that reason I am very surprised that this coin got out of the mint, and after it did how it survived without someone turning it in to be melted. If this is a genuine mint caused clip, I would think that this piece is rare. If the clip was made outside the mint, it is just a damaged coin.

ambro51

I've never heard of one. Which mint? A premium valu for sure but it would need to be fully verified

seanq

I've only heard of one clip on any $1 gold, and that was a tiny rim clip. Anything bigger than that would be of great interest to me and other error collectors. Without seeing a picture and knoing what others have said about how strict the Mint was with weights and measures on gold coins, I'm suspecting the coin is damaged and not a Mint error.


Sean Reynolds

GoldenEyeNumismatics

We need pictures.

Tdec1000

<< <i>We need pictures. >>



I guess I'll be going over on Tuesday to purchase it then.

lordmarcovan

<< <i>I've only heard of one clip on any $1 gold, and that was a tiny rim clip. Anything bigger than that would be of great interest to me and other error collectors. Without seeing a picture and knoing what others have said about how strict the Mint was with weights and measures on gold coins, I'm suspecting the coin is damaged and not a Mint error.


Sean Reynolds >>

I knew this one would draw seanq out before very long.

Tdec1000

<< <i>I've only heard of one clip on any $1 gold, and that was a tiny rim clip. Anything bigger than that would be of great interest to me and other error collectors. Without seeing a picture and knoing what others have said about how strict the Mint was with weights and measures on gold coins, I'm suspecting the coin is damaged and not a Mint error.


Sean Reynolds >>



Sean with all due respect I do know a clip when I see one.

Tdec1000

Honestly I don't remember... I will take pics on Tuesday.

Tdec1000

<< <i>Hopefully you can pick up "You suck!" #3. >>



I hope your right!

Tdec1000

<< <i>I've never heard of one. Which mint? A premium valu for sure but it would need to be fully verified >>



If I remember it is an 1849. Philly mint

Tdec1000

<< <i>

<< <i>I've never heard of one. Which mint? A premium valu for sure but it would need to be fully verified >>



If I remember it is an 1849. Philly mint >>



It's an 1853 not a 49. Pics coming soon.

Tdec1000

<< <i>We need pictures. >>



Posted pics in first post.

ModCrewman

Sure looks legit to me. Cool.

ColonelKlinck

Might the coin have been in a piece of jewelery at some point in time accounting for the "clip"?

Tdec1000

<< <i>Might the coin have been in a piece of jewelery at some point in time accounting for the "clip"? >>



No this coins clip is from the dies.

seanq

Definitely a legit Mint error, but not anywhere near 10%, by weight I'd be surprised if that was more than 2% to 3%. The only other one I've seen was IIRC an 1851 and it was slightly smaller than that. Fantastic find, I hope you acquired it.

EDIT to add I found a tiny picture of the 1851, see below, the rim clip is at K-10. As I thought, the clip on the OP's coin is slightly larger. the 1851 was sold on eBay maybe ten years ago, I did not have the funds for it but I tipped off a buddy who was also into clips and he bought it. This was his picture when he liquidated most of his collection in 2009:




Sean Reynolds

CaptHenway

Agree. A genuine rim clip. Maybe 1%? Needs a precise weight.

Tdec1000

<< <i>Agree. A genuine rim clip. Maybe 1%? Needs a precise weight. >>



I have a basic digital scale. I don't know if it would suffice in this situation.

PerryHall

<< <i>

<< <i>Might the coin have been in a piece of jewelery at some point in time accounting for the "clip"? >>



No this coins clip is from the dies. >>



As a matter of clarification, "dies" refer to the dies that punched the planchets out of the sheet stock rather than the dies that struck the coin.

2ltdjorn

<< <i>

<< <i>Agree. A genuine rim clip. Maybe 1%? Needs a precise weight. >>



I have a basic digital scale. I don't know if it would suffice in this situation. >>



Just measure your weight on the scale in the bathroom, then measure your weight while holding gold $... Then subtract your weight holding gold $ from weight without gold $... should give you precise weight of Gold $....

PerryHall

<< <i>

<< <i>Agree. A genuine rim clip. Maybe 1%? Needs a precise weight. >>



I have a basic digital scale. I don't know if it would suffice in this situation. >>



Is a clip % based on weight loss or the distance the clip intrudes into the coin?

Tdec1000

<< <i>

<< <i>

<< <i>Agree. A genuine rim clip. Maybe 1%? Needs a precise weight. >>



I have a basic digital scale. I don't know if it would suffice in this situation. >>



Is a clip % based on weight loss or the distance the clip intrudes into the coin? >>



I would imagine it is based on distance.

FredWeinberg

Clip percentages are based on
the weight of the clipped coin,
vrs. the standard weight.

If you see a PCGS coin with
the tag saying "7% Clipped Planchet",
for example, you can be assure that
the coin was actually weighed; that
percentage listed is the amount of the
coin missing from the standard weight.

(yes, there are small tolerances to the standard weights)

In the 'old' days (before the 70's), it was accepted form
to give the percentage based on sight, and there were
some templates that tried to show what a 5% or 10%
clip would look like.

Weighing the coin is the most accurate method, imo.

CaptHenway

<< <i>

<< <i>Agree. A genuine rim clip. Maybe 1%? Needs a precise weight. >>



I have a basic digital scale. I don't know if it would suffice in this situation. >>



An old-fashioned Ohaus triple beam balance is accurate to one-hundredth of a gram. I always like using them.

seanq

Bumping this to let folks know that this coin, now graded AU55 by our friends ATS, has found its way into the collection of a devastatingly handsome and modest clipped planchet specialist.


Sean Reynolds