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Errors - Just how rare and valuable are blanks or planchets?
jmcu12
Posts: 2,452 ✭✭✭
In looking through ebay and in shops etc, everyone seems to love these. I admit that I do as well. But how rare are they really and how much premium should they bring? I have come across a few Morgan/Peace planchets and they are going for big bucks - +++$2,000.
I imagine it matters based on the type of metal, 90% silver, gold, clad?
And what types of planchets have you seen?
I imagine it matters based on the type of metal, 90% silver, gold, clad?
And what types of planchets have you seen?
Awarded latest "YOU SUCK!": June 11, 2014
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I'm not too familiar with the prices of scarcer planchets, but the gold ones are very, very expensive and quite rare.
it doesnt specify if thats for one with an upset rim or not.
the non-upset rims (totally flat blank) are a bit rarer and should have more collector value.
Things get more interesting for obsolete coinage. $2,000 for a 90% $1 planchet is a high retail price, but not impossible. $500-$1000 is more reasonable (I had one on the BST for a while with no takers at $1000). Really esoteric pieces are more. There is one particular 1/2c planchet that has sold twice in the last 5-ish years for $1500 or so each time. And if you're looking for a gold planchet... well, if you ever find one, expect to pay 5 figures. The Damon collection had a couple ($2.50 and $5, or maybe $5 and $10) each selling in the range of $20,000.
Do you remember where you saw the 1/2 cent planchet at auction? I just got a copper blank that is 24mm and 6.5 grams. The half cent is the closest in size/weight so I wanted to get a comparable picture. I don't know the weights of the colonial blanks. I just started researching this.
Thanks for any info.
Lestrrr
Franklin-Lover's Forum
After a little reading in some other threads I've come to the conclusion that I have a blank slug...darn it.
Lestrrr
I should get some of those metal electrical boxes...
Push out all of those round inserts... [edit] You know...the knock outs...
And get 'em into circulation somehow...
that last bit is tricky.
Perhaps I'll take a handful to a coin show and just leave them somewhere. [edit] After filing down the tabs of course.
<< <i>LOL!
I should get some of those metal electrical boxes...
Push out all of those round inserts...
And get 'em into circulation somehow...
that last bit is tricky.
Perhaps I'll take a handful to a coin show and just leave them somewhere. >>
I think they are called "Knock Outs"
<< <i>I have come across a few Morgan/Peace planchets and they are going for big bucks - +++$2,000. >>
I wonder how hard these would be to fake?
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
<< <i>Yes, blanks for current circulating coinage are only worth a dollar or two each. Sac/Presidential $1 blanks (indistinguishable) sell for $50+. 1964-era silver blanks are typically in the $20-40 range. All of those numbers are off the top of my head, so don't kill me if I'm off by a bit.
Things get more interesting for obsolete coinage. $2,000 for a 90% $1 planchet is a high retail price, but not impossible. $500-$1000 is more reasonable (I had one on the BST for a while with no takers at $1000). Really esoteric pieces are more. There is one particular 1/2c planchet that has sold twice in the last 5-ish years for $1500 or so each time. And if you're looking for a gold planchet... well, if you ever find one, expect to pay 5 figures. The Damon collection had a couple ($2.50 and $5, or maybe $5 and $10) each selling in the range of $20,000. >>
I found a blank planchet in a GW dollar roll & sold it on the 'Bay for $600/$700.