Error Coin Help "Where's Fred W?"
jdimmick
Posts: 9,807 ✭✭✭✭✭
Yesterday, while purchasing a collection, the bank teller asked me about an error coin she found in a roll of dimes that came straight from the federal reserve roll. It is a copper planchet with a brockage type look , with an overly thick rim, and very weakly stamped lincoln design, but the size of a dime. It looks like some type of trial strike?
Any help as to what it actually is and approx value would be appreciated> She is intrested in selling it as well?
Thanks
Jim d
Any help as to what it actually is and approx value would be appreciated> She is intrested in selling it as well?
Thanks
Jim d
0
Comments
Looks like someone put it through a roller to flatten out the details then spooned the rims in. Someone just having a little fun I guess.
Sorry but it's worth is melt value.
<< <i>No the case I assure you as it came from a brand new roll of dimes from the reserve! >>
Most places coins don't go to banks from the reserve, The mint sends bags to Brinks, ect... and they roll them and send them to banks. Many times new coins are mixed in with old coins.
That may be the case as she said the roll was new in with a brinks box of dimes. Anyway, I was commenting on the ridiculous comment that it was made outisde the mint?
jim
<< <i>Marty,
That may be the case as she said the roll was new in with a brinks box of dimes. Anyway, I was commenting on the ridiculous comment that it was made outisde the mint?
jim >>
LOL, you will 'see' when others with knowledge post just how "ridiculous" my comment is.
Maybe your teller lied or someone from Brinks placed it in there. I just know an obvious fake when I see it and this one is very obviously fake.
What you describe sounds like it may be a post-Mint alteration (and no, that's not a ridiculous statement). But without seeing it in hand, it is tough to say. While the bank teller may believe it came directly from the Federal Reserve and thus it must be a Mint error, that may actually not be the case. Marty is correct that the Mint does not send coins to the Fed, but uses an intermediary. In addition, coins get "cycled" back for distribution and are "reissued" as if they were "new" from the Mint. As such, anything that fits through the sorting and rolling machinery can end up in a roll.
It is highly unlikely that the Mint would do a trial strike of a Lincoln cent using an "thick rim" planchet and a dime-size collar. More likely than a trial strike is a cent that is struck on a foreign planchet. I can't tell from the image if the coin is worn, weakly struck, or struck through filled dies.
Perhaps a few questions can get us closer to the answer...
Does the coin appear to be copper or copper plated?
Is there a visible date on the coin?
How much does the coin weigh?
If it weighs either 2.5 grams (post 1982 cent) or 3.1 grams (pre-1982 cent)* it would suggest that it was a cent planchet when it left the Mint. It CANNOT be a cent planchet struck by cent dies in a dime collar.
If she wants to sell it, she may wish to consider sending it to PCGS or NGC. That way she will be sure of the error type or if it is not an error.
Lane
*Yeah, yeah, yeah, I know the Mint issued copper and copper-plated cents during 1982...but you get the drift.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
I dont have the coin in hand, Ill have to go back and get it to weigh, and take pictures. Ill send it in under mint error and will see. I am not an expert on error by far, but It looks like an authentic type of error. If not Ill be th efirst to apoligize to the posters!, you can bet on it!!
jim
I also agree with the previous posts about old coins getting mixed in with new, back when I was searching rolls regularly it was not at all unusual to find stuff like a roll of brand new state quarters with a single well-worn 1965 in the middle.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
So two questions is it a 2008? and did every other coin in the roll have brand new luster, if not it was another roll that was rolled by a machine at the bank not the reverse. I hope this helps.