- An off-center error features a phony composition and weak strike.Read More: Counterfeit Detection Series
In 1884 the New Orleans Mint produced more than 9.7 million silver dollars. Of course, when striking so many coins, a few mistakes are bound to occur. Sometimes, blanks do not enter the coining chamber completely before the dies impact the surface, thus creating a valuable error known as an off-center strike. However, thanks to the coins' large size, most mistakes were filtered out at the mint by both mechanical and manual means.
Recently, Numismatic Guaranty Corporation ( NGC
) received what appeared to be a 15-percent off-center 1884-O Morgan dollar
for grading. If real, a specimen like this would be worth thousands of dollars. However, a cursory inspection of the coin's elements revealed that it is not a genuine error.Read the Entire Article