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 Replies: 21 / Views: 5,974 |
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Moderator
 Canada
10458 Posts |
I am almost equally impressed that NGC makes a slab for a 1 kilogram coin...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
393 Posts |
Quote:
I wonder if any of the silver version were struck with the $2500 denomination. Seems plausible since the diameter of the dies are nearly identical (102.1 vs 101.6), that the wrong obverse was simply placed in the wrong machine when striking the gold coin.  Perhaps if they were striking these simultaneously the same might have occurred with the silver. One can only hope as the denomination would then be more than the original selling price!  Edited by Proof Nut
08/08/2017 2:11 pm
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Pillar of the Community
 United States
2843 Posts |
Epic Fail RCM. When you consider that nearly half of the total issued are thought to have this error, hardly makes the error any rarer than the non-error. |
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Pillar of the Community
Canada
2360 Posts |
Ooopsy daisy, nice Kilo mule, they were $69,000 retail,
(no tax) wonder what the premium will be for the high rollers.
4/10 is a bad record for mistakes for that run, it is just
missing one 0 on the obverse give the QA guys a break. lol
I like error coins but this one is a bit above my weight class.
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Valued Member
Canada
393 Posts |
Thanks SilverDon, I hadn't considered an engraving error.
If that turns out to be the case wouldn't that show up on the remaining six coins to create another variety?
Can a die that's been hardened and plated be re-engraved or would the mint scrap it and make a new one for just a few pieces?
Edited by Proof Nut
08/08/2017 4:50 pm
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Pillar of the Community
Canada
2360 Posts |
Sorry, didn't mean to say they forgot to engrave a 0, it is the obverse of the silver kilo die paired up with the reverse die of the gold kilo, denomination is off by one 0. Should have caught it.
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Valued Member
Canada
92 Posts |
This tells me the process of minting a coin of this size means that the die is used to strike at most 4 coins before it is replaced with another die. Does a die wear out that quickly?
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Pillar of the Community
Canada
3690 Posts |
Quote:
This tells me the process of minting a coin of this size means that the die is used to strike at most 4 coins before it is replaced with another die. Does a die wear out that quickly? More likely that the process is to mint to order. That is, they had orders for 4, so they created 4 but the RCM employee inadvertently used the wrong die (not that the correct die was worn and replaced mid production run). The other six were likely produced on other days and the correct die was used. |
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Pillar of the Community
Canada
849 Posts |
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When you consider that nearly half of the total issued are thought to have this error, hardly makes the error any rarer than the non-error. BigSilver - I like your logic!! |
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Valued Member
Canada
320 Posts |
I agree with BigSilver and punman. If in fact there are six coins minted correctly and four error coins produced, the error coin is no rarer than than the non error. I guess a person just needs to own one of each :)
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Forum Dad
United States
24154 Posts |
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If in fact there are six coins minted correctly and four error coins produced, the error coin is no rarer than than the non error. Ummm...  It would be 20% rarer. Would you turn down a 20% raise at work because you considered it "the same." |
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Pillar of the Community
United States
2408 Posts |
In my book, both versions are errors. The true denomination should be more like $50,000.
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Pillar of the Community
Canada
2984 Posts |
Given the market for $69,000 coins is very limited, I don't see much a premium for this "error".
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Bedrock of the Community
United States
10034 Posts |
Fooey, Guess I should not have returned the one I noticed was in error. The other three I got were normal.  As many special issues designs the RCM makes in one year it is no wonder something like this could happen. They do great work n most things, but poke around on the Canadian forum sometime and see how many Canadians have given up collecting everything they make b/c there is just way too much (understatement)being produced. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Moderator
Canada
10458 Posts |
Quote:
It would be 20% rarer. But at a $69,000 issue price, the 4 mule coins will never garner any kind of premium over the 6 normal ones... Still - it must be impressive to hold a gold coin in your hand that weighs 1 kilogram... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Replies: 21 / Views: 5,974 |
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First Page
Posted 08/08/2017 2:10 pm
