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I'm going to say there was no collar die holding the rim in place which would cause the extrusion of metal in the area of the missing portion of the die (the CUD). Triple strike was first struck in collar, then out twice.
[B][FONT=Franklin Gothic Medium][SIZE=2]Chris & Charity Welch- [COLOR=red]LIVEAN[/COLOR][COLOR=black]DIE[/COLOR][COLOR=blue]VARIETIES[/COLOR][/SIZE][/FONT][/B]
[FONT=Franklin Gothic Medium]Purveyors of Modern Treasure [/FONT]
Agree with Scott... during the first strike the coin's field area was pushed down, and on subsequent strikes there was no metal to fill the broken die.
But what I don't understand is... on the third strike, how did the bust design get imprinted on the field where there is no raised metal ?
The excess metal having been "squeezed" out as a cud in the first strike, the second and third strike are on a thinner planchet area and there is no more to "squeeze" out.
First strike is to the rim -- die is broken and the area left blank. Second strike you can see the space of the missing dies at the junction of the open area of the broken die and the underlying strike. The third is another strike like the second, the die is broken where the CUD shows on the initial, but being gone, allows the strike underneath to be seen....
I believe that Roller had the best answer. The first strike had what is called "cold metal flow". The collar restricted this cold metal flow allowing the extra metal to fill into the broken area of the die. The second and third strikes were outside the collar and on a thinner disc of metal (the struck coin is thinner than the original planchet). So, little to no cold metal flow occurred during the second and third strikes (though there is slight bulging where each of the off center strikes terminate).
There was nothing sinister about the reverse, I just did not include an image. But, here it is.
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