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Mint Error News Magazine Issue 1
Mint Error News Magazine Issue 1
Al’s Coins
P.O. Box 147
National City, CA 91951-0147
Phone: (877) 442-3728
Fax: (619) 442-3693
e-mail: [email protected]
Mint Error News
Welcome 4
Volume I • Issue I • Spring 2003
2000-P Massachusetts Quarter Struck on an 5
Publisher and Editor Experimental Planchet
Mike Byers
The Real Story Behind The Aluminum Feeder 7
Production Design Finger Find
Sam Rhazi Chile 10 Pesos Double Struck on Feeder Finger 9
Contributing Editors Is a “Double Error” Large Cent More Valuable? 11
Ronnah Johnson “Shrunken Coins” and How to Recognize Them 12
Allan Levy
Al’s Perspective on 2002 & 2003 Mint Errors... 14
Contributing Writers
James Archibald
Pattern or Mint Error? 15
Ray Gaudette • Bert Hickman
Henry Hilgard • Terry Holcomb
Wow, Error Prices Have Changed 17
Mike Moloney • J.T. Stanton
Saul Teichman • Martin Wettmark
1865 2¢ Obverse Die Cap & Brockage Sells For 18
Record Price
Advertising
The ad space is sold out. Please e-mail
Mint Error News Price Guide 21
[email protected] to be added
to the waiting list.
Where Have All of the Coins Gone? 26
Subscriptions Error World Club / Mint Error News Contest 29
For a complimentary issue please e-mail Exclusive Discounts 30
[email protected]
Eureka Trading Systems Introduces Error Section 31
Mint Error News is the official publica-
tion of minterrornews.com. All content Specific Gravity 32
Copyright 2003 Mint Error News. P.O.
Box 5090, San Clemente, CA 92674. All 1999 SBA Dollar Cap on a Struck Georgia Quarter 34
rights reserved. No part of this magazine
may be reproduced in any form without The Story Behind An Interesting Overstrike Coin 35
the expressed written permission of the
publisher. Opinions expressed in this pub- Double Struck French 5 Francs on Spoon!! 36
lication do not necessarily represent the
viewpoints of Mint Error News. This publi-
cation is distributed with the understanding
The Amazing Broken CC and Other Errors on 37
that the information presented herein is Display
from various sources for which there can
be no warranty or responsibility by the A Fascinating 1790 Mule 38
publisher as to accuracy, price or complete-
ness. Mint Error News accepts unsolicited Triple Struck Double Denom Rev Brockage Off 39
manuscripts, artwork, and photographs for
publication. Direct editorial submissions Metal -OR- Triple Denom?.... That is the Question
to [email protected] or P.O. Box
5090, San Clemente, CA 92674. All unso- Two-Headed & Two-Tailed Coins 40
licited material will not be returned.
PRINTED IN THE U.S.A. Frequently Asked Questions 42
Page minterrornews.com
Welcome
W elcome to Mint Error News, bringing
the latest mint error news and
information to the collector.
ANACS (www.anacs.com) is one of the
three major grading services. They have been
authenticating, certifying and encapsulating
mint errors since 1991 which is years longer
The focus of the magazine will be on than the other two grading services combined.
articles, features and discoveries of major ANACS is highly respected in the Numismatic
mint errors (striking errors) from the United Community and has extensive experience in
States and around the World. The website authenticating mint errors.
minterrornews.com was launched on February
4, 2003. Mint Error News is sponsored by The two major contributors are Tim
Mike Byers and ANACS. Bullard (errorcointrader.com) and Allan Levy
(alscoins.com). Because of their combined
Mike Byers (mikebyers.com) has been experience and insight of the error coin
a Professional Numismatist since 1978. He market, they will bring valuable news and
specializes in U.S. and World errors, and is information to Mint Error News.
now the largest dealer of the world’s rarest
mint errors. His new discoveries of major We encourage collectors and dealers
mint errors has been front page news for to submit articles and photos of major mint
years. Mike Byers is also a Consultant to errors that we may feature on both the website
ANACS for Mint Errors. and the print version of Mint Error News.
Page minterrornews.com
2000-P Massachusetts Quarter
Struck on an Experimental Planchet
T his discovery is unique.
It is the only known 2000
dated State Quarter struck
Unique Discovery Coin
on an experimental planchet.
These Experimental
State Quarters have sold for as
high as $10,000 each, depend-
ing on which state, the coin’s
condition and which type of ex-
perimental composition was used.
• Type #2 - This type has the • COLOR - So far, the pieces discovered are either the same
“color” of the Sacagawea “color” of the Sacagawea Dollar, or have a slight “green hue”
Dollar but does not have to them.
the copper center core.
• LOOK - The edge is slightly rough and may have a higher rim
• Type #3 - This type has around part of the edge.
a slight “green” color and
• EDGE - Some of these do NOT have the center COPPER
has the copper center core.
CORE.
• Type #4 - This type
• STRIKE - None discovered so far are proof-like in the fields.
has a slight “green”
color but does not have • REEDING - Some of these have incomplete reeding.
the copper center core.
continued on page 6
Page minterrornews.com
2000-P Massachusetts Quarter Struck on an Experimental Planchet from page 5
In a recent Freedom of
Information Act (FOIA) request
for copies of any reports and test
results, the Department of the
Treasury acknowledged that “the
U.S. Mint conducted engineer-
ing and metallurgical tests as
part of its development of an al-
loy for the Golden Dollar”, but
would not release any information.
Northeast Numismatics has an impressive inventory of over 1,200 U.S. and foreign coins. We have a strong selection
of mint errors, both U.S. and foreign. And we carry every area of United States coinage from colonials through rare
gold including type, commemoratives, silver dollars and much, in addition to our extensive inventory of world coins.
Northeast Numismatics
10 Concord Crossing, Ste. 220 High quality “fresh” coins are what we are known for and take pleasure in offering. We constantly are hearing from
Concord, MA 01742 our customers about our excellent prices and high customer service. 2003 is our 39th year of business, so order with
800-449-2646 complete confidence. Also, please keep in mind that we are always buying coins of all kinds, certified and uncertified,
www.northeastcoin.com to fill our want lists.
Page minterrornews.com
by
Mike
Byers
Page minterrornews.com
Chile 10 Pesos Double Struck on Feeder Finger
by Mike Byers
T his unbelievable Mint Error is the cover story. It is a 1998 Chile 10 Pesos double
struck on the actual feeder finger!! This is one of the most incredible and spec-
tacular Major Mint Errors that has ever surfaced.
After reading about the U.S. Coins struck on feeder finger tips, one can ap-
preciate this piece even more because it is completely intact and did not break off.
Page minterrornews.com
Extraterrestrial Numismatics
w w w.a n a cs.c om
ANACS is the Collector’s Choice because we
know what counts: knowledge, integrity, and
service. How much we value coin collecting is
evident in our work.
Page 11 minterrornews.com
“Shrunken Coins” by Bert Hickman
and How to Recognize Them
What are they? contain hidden defects that are not “dies” of pure magnetic force!
readily apparent. During the shrink-
Shrunken coins are genuine ing process, the inner and outer lay- Prior to shrinking, a coin
coins that have been reduced to 65- ers may partially detach, resulting is carefully centered within a coil
95% of their original diameter using in a very strange looking “mutant of insulated copper wire. The coil
huge magnetic fields. Over the last coin”, such as this Kentucky state is then bolted securely to heavy
year, we began offering shrunken quarter. electrical conductors inside a bul-
coins as educational, scientific, and letproof blast chamber. Using a
coin collecting novelties. A sig- high voltage energy source, a huge
nificant number of these are now current is abruptly forced into the
in the hands of experimenters and coil, creating an ultrastrong pulsed
collectors throughout the world. magnetic field. The peak current
Shrunken coins have been featured through the coil may be greater than
in Coin World (November 25, 2002) 120,000 times the current drawn by
and in the January-March, 2003 is- a typical 100-watt light bulb. This
sue of Extraordinary Technology Do you suppose there might rapidly changing powerful magnet-
magazine. This article will briefly be a market for “error” shrunken ic field also induces an even larger
explain how these unique coins coins?? current to flow within the coin. The
are produced and how they can be current flowing within the coin can
recognized so that they won’t be How are they shrunk? easily exceed one million amperes,
confused with true error coins. causing the coin to become a power-
Everyone has played with a ful electromagnet as well.
pair of permanent magnets and felt
how strongly they attract or repel The magnetic fields of the
each other. Although the forces coil and the coin violently repel each
that repel small magnets may ap- other, resulting in almost unimagi-
pear quite strong, magnetic fields nable forces that easily overcome
that are thousands of times stronger the yield strength of the metal in the
can be created by forcing an elec- coin. These forces evenly squeeze
Are there any shrunken error tric current through a coil of wire, the coin inward, almost instantly
coins? forming a powerful electromagnet. shrinking it into a smaller diameter
Increasing the current increases the while simultaneously causing it to
We don’t shrink error coins magnetic field, and a really huge become thicker. These same forces
since the shrinking process re- current can create an ultrastrong also drive the coil outwards, causing
lies upon symmetry for balancing magnetic field. Magnetic fields of it to explode in a potentially deadly
forces. It would also be a shame to this magnitude have the ability to spray of high velocity wire frag-
further alter rare error coins. How- overcome the yield strength of any ments. All this takes place in about
ever, once in a while the shrinking metal. Although it may be hard to 20 millionths of a second, and is
process fails to work properly on a believe, a properly-shaped ultra- accompanied by a bright blue-white
coin that otherwise appears normal. strong magnetic field can actually flash and a loud BANG! When the
For example, clad coins sometimes reshape a coin using only invisible dust settles, a hot and shrunken coin
Page 12 minterrornews.com
rests at the bottom of the cham- Coins with higher features, such as radiating Luders Lines.
ber. Amazingly, the features of a proof coins, tend not to work as well
shrunken coin are fully preserved in as circulating coins. Coins or tokens
spite of its explosive birth. with centered holes often result in
the hole partially or entirely closing.
Does the shrinking process work The outer and inner parts of bimetal
on all coins? coins often shrink to a different de-
gree, causing the center to loosen
The process works very well and sometimes be completely freed Finally, certain features of
with most US and foreign coins and from the outer ring. a coin may actually shift relative
metal tokens. to one another, particularly in clad
How can shrunken coins be rec- coins. This effect can be seen in the
ognized? close-up view of the shifted state
motto in the Delaware state quarter
The most obvious char- pictured below.
acteristic is their smaller diam-
eter. Shrunken coins have the same
weight and density as a normal coin,
but they are thicker. The copper cen- Other coins, such as this
Although the process uses ter of US clad coins is a much better Sacagawea dollar, show a minimum
magnetic fields, the coin’s electri- electrical conductor than the outer of feature shifting and Luders lines.
cal conductivity determines how copper-nickel layers. This causes
well it will shrink. Metals that are the center to shrink a bit more,
good electrical conductors, such as becoming indented similar to the
copper, silver, aluminum, or gold, filling in an Oreo cookie. Because
work best. Poorer conducting cop- the coin’s features cause slight force
per-nickel alloys or plated steel imbalances, the coin’s rim may also
coins may shrink only slightly. become slightly scalloped. All three
While older 90% silver coins such of these effects can be seen in the
as Morgan Dollars work very well, before and after scan of the edges of Need more information?
coins with only 40% silver content a quarter.
may lose surface features due to Stoneridge Engineering is
their lower melting temperature. the exclusive source for “Electro-
Coins with metals of lower melting magically” shrunken coins. Custom
temperature, such as copper plated shrinking is also available. For
zinc pennies, are simply destroyed more pictures and information visit
in an explosion of molten zinc. www.teslamania.com.
Previously mirror-like sur-
faces acquire a frosted appearance
due to microscopic dislocations
in the surface of the metal. Also,
faint lines, called Luders Lines, America’s Coin
may radiate from the center of the Supply Distributor
coin, reflecting localized plastic Thousands of Products
deformation during the shrinking Always in Stock
process. An interesting example is
this Kennedy clad half dollar, where Wholesale Inquiries
Kennedy’s bust appears “haloed” by 1-800-575-4007
Page 13 minterrornews.com
Al’s Perspective on 2002 & 2003
Mint Errors...
by Al Levy
eurekatrading.com
Page 14 minterrornews.com
Pattern or Mint Error?
by Saul Teichman
It is believed that this piece and the 1877 Date Pollock Judd Additional Comments
illustrated below (J1495-6/P1648-9) were struck on 1865 P473, J404, Judd reports one on 3 Cent
P475 J406 planchet probably ex Bluestone
Venezuelan 1 Centavo planchets. These pieces should 10/37
weigh approximately 36-37 grains. 1869 P745- J669- AW826, Taxay reports 2 pieces
P746 670 on 3 Cent Nickel planchets
The Judd, Pollock and Adams and Woodin 1871 P1177 N/A Pollock lists one on 68.25 grain
books contain many listings for Indian Cents struck planchet.
in either nickel or copper-nickel that are not patterns. 1872 P1321, J1180, Judd reports one on 3 Cent
These pieces, especially those after 1876 from business P1323 J1182 Nickel planchet ex Gable, Olsen,
Lohr, and another at 49 grains
strike dies, are actually mint errors struck on either 3 (Columbian 5 Cent?) also ex
Cent Nickel planchets or one of the following foreign Gable, Olsen sales
planchets: 1873 P1398 J1257 ex Gable, Olsen sales - 49 grains
(Columbian 5 cent?)
Country Denomination Diameter Weight Composition 1874 P1491 J1347A the one listed in Pollock has not
been available for study
Venezuela 1 cent 19 mm ~36.5 grains copper, 1876 P1597 J1451 believed to be struck on
nickel, zinc Venezuelan 1 Cent planchets
Dominican 5 cent 18 mm 32.4 grains copper 75%,
1877 P1648- J1495- Struck on Venezuelan 1 Cent
Republic nickel 25%
P1649 J1496 planchets
Columbia 5 cent 20 mm 48.8 grains copper 75%,
nickel 25% 1879 P1776 J1583 see Lohr FPL, Federal Brand
10/61
Nicaragua 5 cent 19.8 mm 44.8 grains copper 75%,
nickel 25% 1881 P1868 J1664 AW1657, on 3 Cent nickel
Haiti 5 cent 19.8 mm 44.8 grains copper 75%,
planchet
nickel 25% 1884 P1932 J1723A Probably struck on either a
Costa Rica 10 cent 18 mm 30.9 grains silver 90%, Haitian 5 or Nicaraguan 5 Cent
copper 10% planchet
Page 15 minterrornews.com
Mint Error News welcomes Error World
Club as a new sponsor to the website
and magazine. Jim Archibald (Laz),
Ray Gaudette (Surok) and Michael
McMahan (mmac) will be contributors.
They are dedicated collectors with years
of experience and bring a fresh outlook
and perspective to Mint Error News.
errorworldclub.org
Join Today
Page 16 minterrornews.com
Wow, Error Prices Have Changed
by Tim Bullard
uspatterns.com
The Society of U.S. Pattern Collectors is dedicated
to the study of many of the rarest coins struck at the
U.S. Mint: patterns, die trials and experimental pieces.
Page 17 minterrornews.com
1865 2¢ Obverse Die Cap & Brockage
Sells For Record Price
T his spectacular 2¢ Die Cap traded hands
three times at the Long Beach Coin Show
last week, and set a record price.
Page 18 minterrornews.com
Page 19 minterrornews.com
BUYING MAJOR ERROR COINS & CURRENCY
If you have a single major mint error coin, either a recent issue or an older
type coin, or 1,000 Off-Center Cents, please contact us. We stock over
60,000 Major Mint Error Coins and constantly need to purchase Major
Error Coins for our clientele (please note that we do not deal in or buy Die
Varieties, Damaged Coins, Doubled Dies, Filled Dies, or Die Cracks).
Because of the many differences in each Error Coin we request that you
send scans of your coin(s) to us for our examination and firm offer.
fredweinberg.com
Mint Error News Price Guide
This price guide is brought to you by Mint Error News. It has been compiled by
many of the top major mint error dealers.
This price guide is a guide. Prices fluctuate due to the date, grade, eye appeal and how
dramatic the striking error is. Rarity is also a factor. The price is sometimes based on
the rarity and grade of the type of coin as well as how rare the error is. The price can
also vary depending on whether two collectors are bidding for the same rare major
mint error. When purchasing a mint error, it is important to use multiple resources to
determine value, as there are many mint errors that do not fit into one category.
Brockages
A brockage error can only occur when there
are two coins involved. One of the coins
involved will always be a struck coin which has
not ejected properly. That struck coin will find
its way back between the dies and will be struck
next to a blank planchet which was fed into the
collar. The image of that first struck coin will be
impressed into that side of the blank planchet.
The result will be a second coin which has im-
ages of the first coin impressed into it. Those im-
ages will be pressed into the coin and the image
will be in reverse. This incuse sunken image is
known as a brockage.
Denomination 50% Brockage XF 100% Brockage XF 50% Brockage Unc 100% Brockage Unc
Large Cent $600 $1,000 $3,000 –
Indian Cent $500 $1,250 $1,500 $4,000
Lincoln Cent 1943 Steel $350 $500 $650 $1,000
Lincoln Cent Wheat Ears $125 $200 $200 $350
3 Cent Nickel $1,250 $2,000 $3,500 $5,000
3 Cent Silver $2,000 $3,000 $3,000 $6,000
Shield Nickel $1,500 $2,500 $3,500 –
Liberty Nickel $1,250 $2,250 $2,000 –
Buffalo Nickel $2,000 – – –
Jefferson Nickel War Time $250 $750 $750 –
Jefferson Nickel $50 $75 $50 $150
Barber Dime $2,500 $3,500 $5,000 $7,500
Mercury Dime $1,000 $2,000 $1,500 $4,000
Roosevelt Dime Silver $100 $200 $150 $250
Roosevelt Dime Clad $50 $100 $75 $150
Washington Quarter Silver $200 $500 $500 $1,000
Washington Quarter Clad $75 $150 $150 $250
State Quarter N/A N/A $750 $1,500
Kennedy Half Clad N/A N/A $650 $1,500
IKE Dollar $1,500 $2,000 $3,000 $5,000
SBA Dollar N/A N/A $500 $1,500
Sac Dollar N/A N/A $1,500 –
Page 21 minterrornews.com
Mint Error News Price Guide
Double & Multiple Strikes
Page 22 minterrornews.com
Mint Error News Price Guide
Off-Center Strikes
Denomination 10% - 15% XF/AU 25% - 60% XF/AU 10% - 15% Unc 25% - 60% Unc
Large Cent $400 $2,500 $1,000 $7,500
Flying Eagle Cent (1857 – 1858) $2,500 $10,000 $5,000 $15,000
Indian Cent $100 $400 $200 $600
Lincoln Cent 1930 and Earlier $75 $300 $150 $750
Lincoln Cent 1943 Steel $40 $250 $100 $500
Proof Lincoln Cent N/A N/A $1,500 $3,000
3 Cent Nickel $300 $1,500 $600 $3,500
3 Cent Silver $1,000 $5,000 $2,000 –
Shield Nickel $750 $2,500 $1,000 $7,500
Liberty Nickel $250 $1,000 $500 $2,500
Buffalo Nickel $250 $750 $400 $1,500
Jefferson Nickel War Time $100 $500 $200 $1,000
Proof Jefferson Nickel N/A N/A $2,000 $5,000
Seated Half Dime Legend $3,000 $7,500 $5,000 $15,000
Seated Dime Legend $2,000 $7,000 $3,500 $10,000
Barber Dime $300 $1,500 $500 $2,500
Mercury Dime $100 $750 $150 $1,250
Proof Clad Dime N/A N/A $2,500 $5,000
Barber Quarter $1,500 $5,000 $2,500 $10,000
Standing Liberty Quarter $5,000 – $15,000 –
Washington Quarter Silver $50 $100 $75 $150
State Quarter N/A N/A $75 $300
Proof Clad Quarter N/A N/A $3,000 $6,000
Barber Half $3,000 $8,500 $5,000 –
Walking Liberty Half $4,000 $12,500 $7,500 –
Franklin Half $2,500 $4,000 $3,500 $6,000
Kennedy Half Silver $100 $500 $250 $1,000
Kennedy Half Clad $60 $250 $100 $400
Proof Clad Half N/A N/A $4,000 $7,500
Morgan Dollar $3,000 $13,500 $7,500 $20,000
Peace Dollar $7,500 $15,000 $8,500 $30,000
IKE Dollar $125 $1,250 $150 $2,000
SBA Dollar N/A N/A $100 $500
Sac Dollar N/A N/A $1,000 $3,500
Page 23 minterrornews.com
Mint Error News Price Guide
Off-Metals
O ff-metal and wrong planchet errors occur when a correctly made
blank from one denomination is accidentaly fed into a press for
another denomination. Examples are a nickel struck on a cent planchet
and a cent struck on a dime planchet. The coin struck on an incorrect
blank will weigh exactly what the denomination of that blank would
have been. An even more dramatic wrong planchet error is a coin
struck on a previously struck coin of a different metal.
Denomination Off-Metal Planchet Circulated AU Unc Choice Unc – Gem
Indian Cent Foreign Planchet $1,000 $1,500 $3,000 $5,000
Indian Cent Dime Planchet $7,500 $12,500 – –
Lincoln Cent Before 1919 Dime Planchet $4,000 $6,500 $10,000 –
Lincoln Cent Before 1919 Foreign Planchet $1,500 $3,000 $6,000 –
Lincoln Cent 1919 – 1940 Dime Planchet $2,000 $2,500 $4,000 $6,000
Lincoln Cent 1919 – 1940 Foreign Planchet $750 $1,250 $2,000 $2,500
Lincoln Cent 1943 Steel Dime Planchet $1,500 $2,500 $3,500 $4,500
Lincoln Cent 1943 Transitional Copper Cent Planchet $40,000 + $60,000 + $85,000 + $100,000 +
Lincoln Cent 1944 Transitional Steel Cent Planchet $7,500 $12,500 $17,500 $25,000
Lincoln Cent Wheat Ears (1941-1964) Dime Planchet $500 $600 $1,000 $1,500
Lincoln Cent 1965 and Later Dime Planchet $125 $150 $200 $350
Lincoln Cent 1964 Transitional Clad Dime Planchet $2,500 $4,000 $5,000 $6,500
Lincoln Cent 1965 Transitional Silver Dime Planchet $2,750 $4,500 $6,000 $7,500
Shield Nickel Foreign Planchet $7,500 $12,500 – –
Shield Nickel Cent Planchet $6,000 $12,500 $15,000 –
Liberty Nickel Foreign Planchet $400 $750 $1,250 $2,000
Liberty Nickel Cent Planchet $2,000 $3,000 $6,000 $7,500
Buffalo Nickel Foreign Planchet $2,500 $6,000 $10,000 –
Buffalo Nickel Cent Planchet $2,000 $4,000 $6,000 $8,000
Jefferson Nickel Before 1950 Cent Planchet $250 $500 $750 $1,000
Jefferson Nickel 1950 and Later Cent Planchet $125 $150 $200 $250
Jefferson Nickel 1943 Steel Cent Planchet $1,000 $2,000 $3,000 $5,000
Jefferson Nickel 1964 and Earlier Silver Dime Planchet $200 $300 $350 $400
Jefferson Nickel 1965 and Later Clad Dime Planchet $150 $200 $225 $250
Roosevelt Dime Silver Foreign Planchet $2,000 $2,500 $3,000 $3,500
Roosevelt Dime Clad Foreign Planchet $1,500 $2,000 $2,250 $2,500
Roosevelt Dime 1964 Transitional Clad Dime Planchet $5,000 $6,500 $7,500 $8,500
Roosevelt Dime 1965 Transitional Silver Dime Planchet $5,000 $6,500 $7,500 $8,500
Washington Quarter Silver Cent Planchet $300 $400 $500 $750
Washington Quarter Silver Nickel Planchet $300 $400 $500 $600
Washington Quarter Clad Cent Planchet $250 $300 $400 $500
Washington Quarter Clad Nickel Planchet $100 $150 $200 $250
Washington Quarter Silver Dime Planchet $300 $400 $500 $650
Washington Quarter Clad Dime Planchet $250 $300 $350 $400
Washington Quarter 1964 Transitional Clad Quarter Planchet $5,000 $6,500 $7,500 $8,500
Washington Quarter 1965 Transitional Silver Quarter Planchet $5,000 $6,500 $7,500 $8,500
State Quarter Cent Planchet N/A $6,500 $7,500 $8,000
Delaware State Quarter Nickel Planchet N/A $500 $650 $750
All Other State Quarters Nickel Planchet N/A $1,000 $1,250 $1,500
State Quarter Dime Planchet N/A $5,000 $5,500 $6,000
Walking Half Quarter Planchet $12,500 $15,000 $17,500 $22,500
Walking Half Foreign Planchet $10,000 $12,500 $17,500 $20,000
Franklin Half Cent Planchet $3,000 $4,000 $5,000 $6,000
Franklin Half Nickel Planchet $3,000 $4,000 $5,000 $6,000
Franklin Half Dime Planchet $3,500 $4,500 $5,500 $6,500
Franklin Half Quarter Planchet $600 $750 $1,000 $1,250
Kennedy Half Silver 1964 Cent Planchet $1,000 $1,250 $1,500 $2,000
Kennedy Half Silver 1964 Nickel Planchet $1,000 $1,250 $1,500 $2,000
Kennedy Half Silver 1964 Dime Planchet $1,000 $1,250 $2,000 $2,500
Kennedy Half Silver 1964 Quarter Planchet $400 $500 $600 $750
Kennedy Half Clad Cent Planchet $750 $850 $1,000 $1,500
Kennedy Half Clad Nickel Planchet $750 $850 $1,000 $1,250
Kennedy Half Clad Dime Planchet $750 $850 $1,000 $1,400
Kennedy Half Clad Quarter Planchet $350 $400 $450 $500
Kennedy Half 1964 Transitional Clad Half Planchet $5,000 $6,000 $7,000 $9,000
Kennedy Half 1965 Transitional Silver Half Planchet $5,000 $6,500 $7,500 $10,000
Kennedy Half 1964 Transitional Clad Quarter Planchet $5,000 $6,000 $7,500 $8,500
Kennedy Half 1965 Transitional Silver Quarter Planchet $6,000 $7,500 $8,000 $9,000
Ike Dollar Cent Planchet $3,000 $3,750 $5,000 $6,000
Ike Dollar Nickel Planchet $3,000 $3,500 $5,000 $6,000
Ike Dollar Dime Planchet $3,250 $3,750 $5,500 $6,500
Ike Dollar Quarter Planchet $2,750 $3,000 $4,000 $4,500
Ike Dollar Half Planchet $1,600 $1,750 $2,000 $2,500
Ike Dollar Foreign Planchet $900 $1,000 $1,250 $1,500
Ike Dollar Transitional 40% Silver Planchet $2,750 $3,000 $3,500 $4,000
SBA Dollar Cent Planchet N/A $1,750 $2,250 $3,000
SBA Dollar Nickel Planchet N/A $6,000 $7,000 $8,000
SBA Dollar Dime Planchet N/A $6,000 $7,000 $8,000
SBA Dollar Quarter Planchet N/A $600 $850 $1,000
Sac Dollar Cent Planchet N/A $8,000 $9,000 $10,000
Sac Dollar Nickel Planchet N/A $7,500 $8,000 $9,000
Sac Dollar Dime Planchet N/A $8,000 $9,000 $10,000
Sac Dollar Quarter Planchet N/A $1,500 $2,000 $2,500
Page 24 minterrornews.com
Byers Numismatic Corp
mikebyers.com
T he Lar ge st D e a ler of the World’s R are st M i nt Er ror s
TM
U.S. & World Major Mint Errors • Die Trials • Numismatic Rarities
Unique 1866 $2½ Struck on a 3 Cent Pair of Indian Head 1¢ Die Caps Barber Half
Nickel Planchet Obverse & Reverse Full Obverse Brockage
NGC MS 66 PCGS MS 64 PCGS AU 58 UNIQUE
1846 J-110A $5 Obv Die Trial 1924 SL 25¢ 1862 Indian Head 1¢
Struck on $2½ Trial Double Struck Deep Obverse Die Cap
NGC MS 65 BN ANACS AU 55 PCGS MS 62
Unique Set of Three 1887 $3 Indian Gold Proof 1942 Walking Liberty 50¢
Paraguay Gold Overstrikes Triple Struck Struck on Silver 25¢ Planchet
NGC Certified PCGS PR 63 PCGS MS 65
1804 $2½ Capped Bust To Right 1898 Barber 25¢ 1945-S WL 50¢
Double Struck Obverse Die Cap & Brockage Struck on El Salvador 25¢ Planchet
NGC Fine 15 PCGS MS 62 NGC MS 63 UNQUE
1806 $5 Capped Bust Triple Struck 1865 $1 Indian Gold Proof 1920 Buffalo Nickel
Rotated 90° Triple Struck Reverse Struck on Copper Planchet
PCGS AU 50 PCGS PR 64 Cameo NGC AU 55 UNIQUE
1874 $1 U.S. Gold T3 1873 $20 Closed 3 J-1344 1901/0-S $5 Liberty Gold
Full Brockage Double Struck 10% Off-Center
PCGS MS 62 UNIQUE NGC PF 61 RB PCGS AU 55
1853 U.S. Assay Gold $20 1965 English Penny 1875-CC $20 Liberty Gold
Double Struck Struck on Gold Planchet Partial Collar
NGC AU 55 PCGS MS 62 NGC MS 62
Pair of Barber Dime Die Caps Franklin Half Dollar 1910 Lincoln Cent
Obverse & Reverse Struck on 1948 Cent Uniface Test Strike
PCGS AU 55 UNIQUE NGC MS 64 BN PCGS AU 58
1904 $20 Gold Indian Cent on Half Dime Planchet 1851 3¢ Obverse & Reverse
Double Struck Uniface Obverse Die Trials
ANACS MS 60 Proof-Like PCGS MS 63 Struck on Cardboard
1864 2¢ Obverse Die Cap Martha Washington Dollar Test Piece 1869 Indian Cent
Mated With Brockage Clad Plan w/Exp Edge Struck on Silver Dime Planchet
PCGS MS 62 NGC MS 64 PCGS AU 55
1856 Large Cent Obverse Cap/ Martha Washington Dollar Test Piece 1906-D $20 Liberty Gold
Brockage Reverse Sac Plan w/Exp Edge Broadstruck
Gem BU NGC MS 64 NGC AU 58
1920 SL 25¢ 1838 $5 Die Trial Splasher 1866 Shield Nickel with RAYS
Struck on Peru 20C Planchet J-A1838-6 Struck on Indian Cent Planchet
NGC MS 60 FH Unique PCGS MS 65 UNIQUE PCGS XF 45
Where Have All of
the Coins Gone? by
Ray Gaudette
The U.S. produced its first bullion value of the copper in the coin change and most likely “hid” in bu-
“coin” in 1792 and has been pumping was exceeding the face value of the reau drawers and glass jars by com-
them out non-stop for the next 200+ coin. The answer seemed to lay in the mon folks as “emergency” money and
years. For the year 2000 alone, the elimination the Half Cent and the pro- thus escaped destruction.
last year that the Redbook lists full duction of a smaller one-cent piece,
mintage figures, the mint produced which was to become the Small Cent. The Pittman Act of 1918
in excess of 22.326 BILLION of the The Law of 1857 thus mandated the
little circles of metal for circulation elimination of the Half Cent and the In 1918 the Pittman Act was
alone, not counting the numbers of minting of a smaller one-cent coin. ratified. Silver dollars were not a
commemoratives, proofs, or gold and By shrinking the size of the one-cent popular series of coinage in use in
silver coins made for other special coin, the government would use less commerce and by 1904 the U.S. had
purposes. By this account, the U.S. copper per coin and stretch it’s cop- used up its silver supply and stopped
should be awash with these little dev- per reserves further. Another chal- minting them. Under the Pittman Act
ils, but instead we periodically en- lenge was also present and that was (named for one of its principal spon-
dure coin shortages where the banks what to do with all of those large Half sors, Sen. Key Pittman of Nevada),
cannot get enough coins to meet the Cents and cents that were already in the federal government was autho-
needs of commerce. circulation. In order to kill two birds rized to melt as many as 350 million
with one stone, the government pro- silver dollars, convert the silver into
What happened to all the ceeded to recall all Half Cents and bullion and then either sell the metal
coins? Are they sitting in Grandma Large Cents from circulation as they or use it to produce subsidiary silver
and Grandpa’s cookie jars all over the became available to the banks. These coinage. It also was required to strike
country or has some bunch of shrewd coins were then returned to Wash- replacement dollars for any and all
coin dealers bought them all up in a ington to be melted and the resulting that were melted. During fiscal years
quest to corner the coin market? Sad- copper bullion would be used to strike 1918 and 1919, the U.S. government
ly to say, the answer is “neither”. The the new Small Cents. How many Half melted a total of more than 270 mil-
coins were destroyed to make way for Cents and Large Cents were recalled? lion silver dollars. The “Pittman
newer designs, less costly composi- Millions! What were their dates and coins” represented nearly half the
tions and compositions containing mints? Nobody knows, as it was not entire production of standard silver
little or no intrinsic value. What a mandated that anyone keep track. dollars (as distinguished from Trade
waste! But, how could this have hap- One story has it that mint employees dollars) made by the U.S. Mint up to
pened? Let’s revisit some key mo- were allowed to purchase some of that time. Were any records kept of
ments in U.S. numismatic history to these recalled coins for face value for the dates/mints that were sacrificed to
find out the grisly details. “numismatic purposes only”! Some the melting pot? Again the answer is
farsighted mint employees saved in the negative.
Large Cent To Small Cent (1856) uncirculated and near uncirculated
specimens from the melting pot to The Gold Confiscation Of April 5,
During the mid 1850’s, the start their own collections. We must 1933
U.S. was recovering from the Civil remember, though, that coin collect-
War and was in the midst of a severe ing was not an established hobby of In 1933, during the height
copper shortage. Because of the cop- the masses at that time and money of the Great Depression, President
per demands of the war, the price of was quite precious to the working Franklin Roosevelt issued Presiden-
copper was rising to the point that it man for purposes of food, clothing tial Executive Order 6102, which
was no longer feasible to mint copper and shelter with little to be “saved”. “forbid the hoarding of Gold Coin,
half cent and one cent pieces as the Fortunately for us, this was small Gold Bullion and Gold Certificates”.
Page 26 minterrornews.com
It further went on to state, “All per- measures. It thus began phasing silver By 1979 Nelson Bunker Hunt and
sons are hereby required to deliver on out of currency. In 1961, the Treasury William Herbert Hunt formed a silver
or before May 1, 1933, to a Federal ordered $5 and $10 silver certificates pool of more than 200 million ounces
Reserve bank or a branch or agency out of circulation, freeing silver re- of silver, equivalent to half the world’s
thereof or to any member bank of the serves held against these bills. In No- deliverable supply.
Federal Reserve System all gold coin, vember of 1961 the government also
gold bullion, and gold certificates suspended silver bullion sales by the The Hunts started buying silver back
now owned by them or coming into Treasury at the formerly fixed price in 1973 when the price was in the
their ownership on or before April of 91 cents. $1.95 / ounce range. By 19’79, the
28, 1933”. In other words, the govern- price had climbed to around $5. As of
ment recalled all gold coinage and Without the active interven- early 1980 the price had skyrocketed
currency payable in gold coin from tion of the U.S. Treasury on its be- up to the $50 range, peaking at $54.
the banks and made it illegal for any half, the price of silver quickly rose.
U.S. citizen to hold gold in the form By 1963, silver prices reached $1.29, Very quickly, a combination of
of coins or bullion. This act was fur- which was equal to the value of the changed trading rules on the New
ther given teeth when you remember silver in our coins. At $1.38/oz it be- York Metals Market (COMEX) and
that this came in the midst of the came profitable to recycle coinage for the intervention of the Federal Re-
worst depression in U.S. history when its silver content. serve put an end to the game. The
the common man barely had enough price began to slide, culminating in
money to supply food, clothing and Between 1960 and 1965 the a 50% one-day decline on March 27,
shelter for his family, much less be- Treasury sold silver to keep the price 1980 as the price plummeted from
ing able to hoard gold. Were it not stable Over the six years between $21.62 to $10.80.
for farsighted wealthy numismatists 1960 and 1965, the Treasury used 814
that violated this law, we would not million ounces of silver in coinage. What this meant for U.S. silver coin-
have the beautiful gold coins that we The silver used in coinage during this age was that all, or most of the silver
admire today. Once again, the spe- time quickly found its way into the coinage that had escaped the Trea-
cific dates/mints that were melted is hands of investors. Government steps sury’s grasp in the early 1960’s fell
unknown. to remove silver from the currency into the great melting pot as the price
had led investors to conclude that the of a common silver dime (numismatic
The Great Silver Melt (1960 price of silver would rise sharply once value $.20) soared to $2.50 and more.
– 1965) the Treasury no longer was supplying “Common” Morgan and Peace dol-
the market with such large volumes of lars died as their melt price exceeded
For quite some time the U.S. the metal and thus the investor run on $25 along with common Franklin
Treasury had been a net buyer of sil- silver had begun. Coin melt rose from And Walking Liberty Half dollars
ver, in part to keep the silver markets 10 million ounces in 1960 to 30 mil- whose melt value exceeded $12.00. I
settled and for the manufacture of lion ounces in 1965. personally viewed the melting stock
coinage. By 1960, it had become a net of some buyers, which contained not
seller as silver prices began to rise. The Hunt Brothers (1970’s) only silver dollars but also Barber
The Treasury sold 22 million ounces coinage and 3¢ silvers. BU rolls and
of silver bullion in 1960, and used As if our silver coinage had individual coins were turned in to be
another 46 million ounces in coinage. not been beaten up enough by this melted indiscriminately.
The next year the Treasury had to sell point, along came the Hunt Brothers
63 million ounces of bullion to settle of Texas. In 1973, the Hunt family of To answer the question that I posed
the silver markets and use another 56 Texas was quite possibly the richest earlier… Where are all the coins…
million ounces to replace silver coins family in America and, as a hedge the answer is GONE for the most
that had been taken out of circulation against inflation, decided to buy silver part. Except for those that survived
by investors speculating in silver. bullion. Remember, it became illegal in cookie jars, collector’s albums and
The Treasury quickly realized that to own gold in 1933 so the Hunts be- investors inventory. It is a wonder
it would run out of silver for use in gan to buy silver in enormous quan- that some dates/mints haven’t disap-
coinage and as backing against sil- tity. peared completely during all of this
ver certificates unless it took drastic mayhem.
Page 27 minterrornews.com
Byers Numismatic Corp
mikebyers.com
T he Lar ge st D e a ler of the World’s R are st M i nt Er ror s
TM
U.S. Errors • World & Ancient Errors • Die Trials • Currency Errors
We are offering this service for error collectors and dealers alike. The reason why we are doing this is to
promote the error business through the world wide web and to connect error collectors with the coins they
have been searching for. In order to post your item on our web site: byersnc.com, you must agree to the
following terms and conditions.
1. All major U.S. mint errors are accepted if they are certified by ANACS, PCGS, NGC or ICG.
2. The approximate value of each item must exceed $1000.
3. The minimum time for any listing is thirty days.
4. Seller agrees to a seven day return privilege from date of receipt.
5. Seller agrees to use an escrow service if requested by the buyer.
6. We reserve the right to deny or cancel any listing at any time.
7. All listing are subject to prior sale.
We only accept consignments of U.S. Errors that were legitimately found or released thru normal
distribution channels.
Scanning Specifications
1. Scan both the obverse and reverse of the entire holder.
2. Scan with a resolution of at least 300 dpi.
3. Save the picture in jpeg format (jpg).
Information Requirements
In addition to e-mailing a photo of your item, please include the following information:
1. Name, Address & Phone Number
2. E-Mail Address
3. Asking Price
After your item is listed, we will contact you by e-mail with any offers and questions. Once a price is
agreed upon we will handle the entire sale for a 10% transaction fee, which includes all costs (eBay fees,
grading fees, webmaster charges, postage and registration fees, insurance, paperwork, etc.).
If you have a Mint Error collection for sale or would like to sell your duplicates and do not want to consign
your coin(s), we can purchase your entire collection outright. Please contact us at [email protected].
Page 28 minterrornews.com
Error World Club by James Archibald
Page 30 minterrornews.com
Eureka Trading Systems Introduces Error Section
E ureka Trading Systems, the recently launched
dealer-to-dealer coin exchange, announced
that it has added an error section to its site. The
Market screens also serve as numismatic
“micro-portals”, with coin-specific links to
CoinFacts.com, eCoinage.com auction records,
member roster, which includes over 300 leading and upcoming Heritage and Teletrade auction
coin dealers, may be viewed at eurekatrading.com. lots. Additionally, requests may be made for
automatic notification of upcoming auction lots.
According to Eureka co-founder Andy
Lustig, “After discussing with Michael Byers the Eureka also offers many of the other
current state of the error market, it became clear features one would expect in a numismatic
that error dealers needed a central marketplace portal: Bulletin Boards, Forums, a Coin Show
to privately conduct large scale transactions. and Auction Calendar, and even a Help Wanted
Eureka was perfectly situated to serve that section. Inquiries should be directed to Julie
need, and we jumped at the opportunity.” Abrams ([email protected]).
coinlink.com
Page 31 minterrornews.com
Specific Gravity by J.T. Stanton, N.L.G.
fredweinberg.com
Page 32 minterrornews.com
Upcoming Coin Shows
April 3-6 Santa Clara Coin and Stamp Show
May 1-4 Central States - St. Louis, MO
May 28-June 1 Long Beach Coin & Collectible Expo
July 25-27 Pre Show (Before ANA)
50 years of quality Tradition: Make new friends July 30-Aug 3 ANA Baltimore
but keep the old - one is silver the other is gold.
Sept 18-21 Long Beach Coin & Collectible Expo
Page 33 minterrornews.com
1999 SBA Dollar Cap on
a Struck Georgia Quarter
by Mike Moloney
Page 34 minterrornews.com
The Story coins. Each person who wanted one of these
was given one. Therefore, it may be wrong to
Behind An
describe the coin as a true error. To this day
approximately 10 coins are known that were
struck deliberately in this way. A few of these
Interesting coins have been offered on the market and
have been purchased by collectors.
Page 35 minterrornews.com
Double Struck French 5
Francs on Spoon!!
T his is one of the most
outrageous, exotic,
dramatic and unique mint
by Tim Bullard
errors that I have ever
encountered in 25 years.
It would be fascinat-
ing to know why this was
struck. Was it a test strike
with whatever was avail-
able at their fingertips (a
spoon)? Was it made “after
hours” by a very creative
Mint Employee with extra
time on his hands?? We
will never know!! I wanted
to share this wild piece
with all of the readers of
Mint Error News.
Page 36 minterrornews.com
The Amazing Broken CC and Other Errors on Display
Page 37 minterrornews.com
A Fascinating 1790 Mule
Northeast Numismatics has purchased an unusual and rare mule pattern. It’s Peck #1023, which is a 1790
½D in Proof 66 Brown NGC. It has an estimated mintage of five pieces struck and is the first one we’ve
ever seen of this type.
It was struck by the Soho Mint in England in 1790, and was designed by J.P. Droz who was a French
medalist, designer and sculpturer. This mule depicts a clothed portrait of Britannia on the obverse and a
nude Britannia on the reverse. It is struck in bronze copper with a plain edge. It is in gem proof condition
and is a very unusual mule. Interested parties, please contact Northeast Numismatics at (800) 449-2646.
I BUY AND SELL MAJOR ERROR COINS, ALL U.S COINS & EARLY FOREIGN CROWNS & GOLD, HIGH
GRADE CERTIFIED MORGAN & PEACE DOLLARS, U.S DATED GOLD & HI RELIEFS, EARLY 1936-42
PROOF SETS CERTIFIED & RAW.
I AM A STRONG BUYER OF ORIGINAL EARLY MINT SETS 1947-58, AND PAY STRONG PRICES FOR
ORIGINAL ROLLS OF CENTS THRU HALF DOLLARS 1954 & EARLIER. I ALSO BUY ORIGINAL BU
DOLLAR ROLLS. I AM A FULL TIME USER OF THE CERTIFIED COIN EXCHANGE AND THE COIN NET
SYSTEMS. I AM AN ACTIVE BUYER OF LARGE COIN COLLECTIONS.
Page 38 minterrornews.com
Triple Struck Double Denom Rev Brockage Off Metal
-OR-
Triple Denom?....
That is the
Question. The slab label is too small
for a full description of this fabulous
All this is on a copper/zinc
cent planchet that has expanded to a
error. At the present time, this is the size that fills a Sac dollar slab.
by Terry Holcomb only known, possible 3 denom, US
error coin. The only other known 3 The final mystery is that
denom example was recently lost in some experts believe Lincoln cent
a theft. designs are still visible under all
these other strikes. That makes this
This incredible piece shows either a full 31c piece, slabbed by
a state quarter obverse, 50% off ANACS MS 62 RED, struck on a
center, with a full incuse mirror Lincoln cent; -OR- a 30c piece on a
image brockage of Washington, Lincoln cent planchet.
50% off center on the reverse.
Unique in the entire history
Prior to the strike by the of the US mint, I acquired this
quarter dies, the planchet was amazing error in 2001 as part of
double struck by 2000-P Jefferson my state quarter error collection
nickel dies, BUT, it was flipped and as a companion to my
over between strikes. In the area Sacagawea Mule error. Inquiries
unstruck by the quarter dies there welcome. Please contact me at
are clear images of both Jefferson, [email protected].
and the Memorial, on both sides.
Page 39 minterrornews.com
Two-Headed & Two-Tailed Coins
T here are approximately twenty known
genuine two-headed or two-tailed coins
that have been authenticated and certified by
Most of these world coins that were
struck with either two obverse or two reverse
dies have been handled by Mike Byers of Byers
ANACS, PCGS and NGC. Numismatic Corp. (mikebyers.com). Two of
these are Canadian Copper Cents that were
There are only three known “Two struck with two reverse dies and authenticated
Tailed” U.S. coins: two Quarters and one by PCGS. A few others from this collection of
Dime. One of the Quarters recently sold for two headed and two tailed coins are featured
$80,000. below.
Page 40 minterrornews.com
Page 41 minterrornews.com
F A Qrequently sked uestions
I have a two headed coin. Is this a rare mint I just found a State Quarter that looks like it’s
error? If so what is it worth? golden or brass. Is this made out of the same
metal as the new golden dollar?
Page 42 minterrornews.com
Byers Numismatic Corp
mikebyers.com
U.S. & World Major Mint Errors • Die Trials • Numismatic Rarities
Mike Byers
P.O. Box 5090, San Clemente, CA USA 92674
Office: 949-276-7072 • Fax: 949-276-7073
Fed Ex Address only: 1001 Avenida Pico #C 612, San Clemente, CA 92673
E-Mail: [email protected] • Website Design: [email protected]
Mike Byers, Professional Numismatist since 1978
Byers Numismatic Corp. A California Corporation Since 1980
Mike Byers is a consultant to ANACS for Mint Errors