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How did this sort of error happen?
Here's my understanding. As manufactured and supplied to the Mint, bimetallic coin blanks are rather loose - it is the act of striking the blank into a coin that locks the two pieces of metal tightly together. So, as the blank is being fed into the machine, the core can come loose. So in effect, we have a "displaced off-centre core" - the coin as a whole is properly centred in the dies, it's the core that has moved.
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