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1956 Penny Die Chip In Liberty

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 Posted 12/13/2020  09:42 am Show Profile   Bookmark this topic Add TippyCanoe to your friends list Get a Link to this Message Number of Subscribers
Is this 2x2 worthy? Also what's the best way to remove the superficial gunk on the coin?

1956-Penny-Die-Chip-In-Liberty
1956-Penny-Die-Chip-In-Liberty
1956-Penny-Die-Chip-In-Liberty
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SilverCents's Avatar
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 Posted 12/13/2020  09:47 am  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
I'd wait for another member besides myself to tell you the best way to remove that gunk.

However yes that is a BIE die chip. Personally I stopped putting them in 2x2s, but I think if you're a newer collector, and you haven't found hundreds of them, then yes go for it.
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 Posted 12/13/2020  09:52 am  Show Profile   Bookmark this reply Add TippyCanoe to your friends list Get a Link to this Reply
i appreciate your confirmation! ty! yes I am a new collector.
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 Posted 12/13/2020  09:54 am  Show Profile   Bookmark this reply Add TippyCanoe to your friends list Get a Link to this Reply
Also, sorry for the extra questions but what does BIE stand for?
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 Posted 12/13/2020  09:55 am  Show Profile   Bookmark this reply Add TippyCanoe to your friends list Get a Link to this Reply
Is it because the error happens within the letters IBE?
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SilverCents's Avatar
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 Posted 12/13/2020  09:56 am  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Of course, I'm here to help

The BE in LIBERTY is where lots of die chips tend to form. Sometimes the die chip inside of BE looks like an I, giving it the name BIE.
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levelsofmadnes's Avatar
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 Posted 12/13/2020  09:57 am  Show Profile   Bookmark this reply Add levelsofmadnes to your friends list Get a Link to this Reply
hello TippyCanoe,

looks like LDB4-1956-019 4EL+ on Cuds on COINS http://cuds-on-coins.com/ldb4-1956-2/
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 Posted 12/13/2020  10:02 am  Show Profile   Bookmark this reply Add TippyCanoe to your friends list Get a Link to this Reply
OK, got it! ty both. Guess I'll just hold on to this. Base on the prices for these kind of mistakes I don't think I'll be getting rich anytime soon!
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SilverCents's Avatar
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 Posted 12/13/2020  10:10 am  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
It isn't really a mistake, as in an error. It's known as a die event. As the die ages and wears, die cracks and chips become more prominent.
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 Posted 12/13/2020  10:12 am  Show Profile   Bookmark this reply Add TippyCanoe to your friends list Get a Link to this Reply
makes cents! More of an wear and tear issue.
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Coinfrog's Avatar
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 Posted 12/13/2020  10:17 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Very common on cents of this era.
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SilverCents's Avatar
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 Posted 12/13/2020  10:17 am  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Exactly, but instead of the wear and tear happening on the coin after it leaves the mint, the die (stamps the image on the blank coin planchet), is the thing which wears down.
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Rothery's Avatar
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 Posted 12/13/2020  2:36 pm  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply

Quote:
Also what's the best way to remove the superficial gunk on the coin?

You can try a soak in Acetone. Use 100% acetone you can get at a hardware store - don't use fingernail polish remover. Put in a small glass jar (covered) and soak for a few hours then rinse and pat dry with a soft towel - doesn't hurt to try.
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 Posted 12/13/2020  2:39 pm  Show Profile   Bookmark this reply Add TippyCanoe to your friends list Get a Link to this Reply
Good to know because I would use fingernail polish
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 Posted 12/13/2020  2:40 pm  Show Profile   Bookmark this reply Add TippyCanoe to your friends list Get a Link to this Reply
How about a soft q tip instead of soft towel?
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Rothery's Avatar
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 Posted 12/13/2020  3:08 pm  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply

Quote:
How about a soft q tip instead of soft towel?

Anything soft that will absorb water is fine
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