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 Replies: 21 / Views: 5,964 |
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Press Manager
 United States
1420 Posts |
Royal Canadian Mint - A rare error on a large modern coin is identified by NGC and confirmed by the Royal Canadian Mint.Numismatic Guaranty Corporation® (NGC®) has certified an extremely unusual "mule" error of the 2017 "In the Eyes of the Timber Wolf" Gold Kilogram $2,500 coin issued by the Royal Canadian Mint. A mule is an error in which the two sides of a coin were incorrectly paired. In this case, the large gold coin was struck with the obverse intended for the silver kilogram, which bears the denomination of $250 instead of the correct $2,500. Modern coins struck with incorrect denominations are virtually unheard of. Adding to the significance of this piece is its low mintage of just 10 coins and its high intrinsic value - approximately $40,000 (USD) at current gold prices. (The mintage of the silver coins was also low, a mere 400 pieces.)  David Camire, an NGC Grading Finalizer and error coin specialist, notes: "This is quite possibly the most significant error on a modern coin that I have seen in the past decade. The fact that it is a large format coin makes the error even more intriguing. It is hard to believe that such a coin made it out of the mint considering all of the quality control procedures the coins go through. I don't think anyone could have ever imagined that such an error could occur, let alone be released." After NGC received the coin for certification, it contacted the Royal Canadian Mint for further information. In a statement, the Royal Canadian Mint confirmed that as many as four of these mules may have been inadvertently struck and shipped to customers. The silver and gold kilogram (32.15 troy ounces) Timber Wolf coins share a nearly identical reverse: the head of a northern timber wolf, staring straight ahead, creating a captivating effect. The eyes of the wolf, however, are colored differently on the two coins. On the silver coins, they are gold-toned, while on the gold coins, they are green. The error that was submitted to NGC received a grade of NGC PF 70 Ultra Cameo. With a diameter of 101.6 mm (about four times the diameter of a US quarter), it was encapsulated in an NGC Oversize Holder® with a label that bears a description of the error and the coin's grade. Read More: Error Highlight Series
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Pillar of the Community
Canada
5324 Posts |
Although a cool error, there is few buyers of such piece due to price point
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Valued Member
Canada
343 Posts |
Wonder if this is going to cause someone's head to roll at the RCM? |
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Pillar of the Community
Canada
3690 Posts |
10 coins...and one is blatantly incorrect? How can the RCM even claim to have a quality assurance program? |
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Valued Member
Canada
83 Posts |
They are advertising or perhaps touting the error, a lapse in quality they seem to endorse, as a desirable characteristic, it would appear. Presumably, desirable numismatic characteristics occurring as a result such lapses in quality will translate into higher selling prices for the vendor(s)? Monetize a mistake or two for me as well. I'm really excited to get my lapses in the mail now.
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Pillar of the Community
United States
3467 Posts |
The mint acknowledges as many as 4 of the 10 (40%) were struck with the incorrect obverse die and shipped to customers.
I wonder if any of the silver version were struck with the $2500 denomination.
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Pillar of the Community
United States
1609 Posts |
 That would spell trouble if they ever made pure silver and gold as acceptable forms of currency. |
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Moderator
Canada
10456 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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Replies: 21 / Views: 5,964 |
Posted 08/08/2017 11:35 am
