Interesting Coin | Wild error up for grabs

[Guest]

What a wild, desirable mess!! A must see!

http://www.teletrade.com/coins/lot.asp?auction=2991&lot=1920

[georoxx]

Interesting. "Desirable" is a subjective term. At $300 (current), I don't "desire" it.

I prefer die varieties over errors. I wonder if that is the consensus..? I'm sure there are plenty of folks who collect errors, though.

The question is: How did this make it through to circulation? (Or... did it?)

-George

[koinmon]

A MESS YES; BUT NOT VERY DESIREABLE (IMHO).
George

[pennies4pennies]

I don't know but a price of right now being $400.00 I would say pretty desireable.

[DoubleYou]

Is it a real error? If it is, it looks like the Mint's security is getting rather bad.

Wendell

[LINCOLNWATCHER]

Chances are very high this is a real error as it is certified by PCGS and the container looks real. I would say that the coin is pre 1993 as it has a wide AM, so how was the mint security 18+ years ago?

[jcuve]

Never seen anything like it but it appears legit. I see it is way out of my price range...wonder where it will stop...

[DoubleYou]

Can an expert please explain how this mess occured? The description on the slab doesn't help much.

Wendell

[mikediamond]

This is most likely a very thin, multi-struck, split-before-strike planchet that received a succession of uniface strikes. The planchet rotated between each strike. The result is a final set of incuse, mirror-image design elements (a strong incuse ghost image) surrounded by earlier sets of raised, mirror-image design elements. I have seen several cents struck through such a disc, and have seen the equivalent phenomenon on detached obverse cap bottoms. This is the first such disc I've seen that is die-struck on the reverse face. I think it's rather groovy.

[georoxx]

Now, the auction site indicates that the item was NOT SOLD. I wonder if there was a sort of "reserve" that wasn't met..?

-George

[LINCOLNWATCHER]

I did not see how high the bidding went but if the seller wanted more money than was bid he would have the option to pay Teletrade the commission and keep the coin.

[jcuve]

The seller probably had unrealistic expectations on the final price. I would sure like it, but no way could afford it...