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1943 Steel Planchet Strip. What Is It Worth?

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mmorgan22's Avatar
United States
570 Posts
 Posted 03/06/2012  3:39 pm Show Profile   Bookmark this topic Add mmorgan22 to your friends list Get a Link to this Message Number of Subscribers
Hey all, I got this at an estate sale last year. I saw one that was used for 25 coins at a Goldberg auction with an estimate of $1000-$1500, but it did not sell. This one is a strip of 33. I bought it like this in the frame and all. Has anyone ever seen a strip this long? What is it worth? Thanks.

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1943-Steel-Planchet-Strip.-What-Is-It-Worth?
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sel_69l's Avatar
Australia
21786 Posts
 Posted 03/06/2012  5:10 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have never seen a numismatic item like this in the market place before.
Some patient searching of auction houses archives would be needed, to get a handle on the current value.

Market price growth 'guesstimate' factors woud need to be applied to the recorded auction prices. That would be a nebulous execise in itself, but may yield a more accurate current estimate of value.
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joshkellogg's Avatar
United States
150 Posts
 Posted 03/06/2012  5:12 pm  Show Profile   Bookmark this reply Add joshkellogg to your friends list Get a Link to this Reply
Pretty neat though. I've certainly never seen one. Sorry, I know that doesn't help.
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oih82w8's Avatar
United States
7840 Posts
 Posted 03/06/2012  5:34 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
How much did you pay for it at the estate sale?
Edited by oih82w8
03/06/2012 5:35 pm
Valued Member
United States
306 Posts
 Posted 03/06/2012  6:09 pm  Show Profile   Bookmark this reply Add VetStudent to your friends list Get a Link to this Reply
Regardless of what it turns out ot be worth, it is awesome! Look forward to an update on whatever you find out!
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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/06/2012  9:10 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
there was one of these steel cent "webbings" posted on this forum a few years ago, I don't remember what it was deemed to be worth though

Edit: I found the thread http://www.coincommunity.com/forum/...PIC_ID=27551
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MorganDude26's Avatar
United States
206 Posts
 Posted 03/06/2012  10:52 pm  Show Profile   Bookmark this reply Add MorganDude26 to your friends list Get a Link to this Reply
That is one of the coolest numismatic items I've seen in a while!
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mmorgan22's Avatar
United States
570 Posts
 Posted 03/07/2012  12:23 am  Show Profile   Bookmark this reply Add mmorgan22 to your friends list Get a Link to this Reply
Thanks for the info and the link to the old post. I have tried looking up auction archives and only found the one from Goldberg. I saw one at the Long Beach coin show last month, but it was smaller and the guy wanted $500. I got a bunch of stuff at this estate sale, so I'm not really sure what I actually paid for it.
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westcoin's Avatar
United States
9792 Posts
 Posted 03/07/2012  02:16 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
I remember seeing one of these a long, long time ago at a Colorado coin show, if memory serves me correct the dealer was asking $500.00 back then (around 1982), I would think it is worth easily $1500.00 today!
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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RJP's Avatar
United States
105 Posts
 Posted 03/07/2012  03:06 am  Show Profile   Bookmark this reply Add RJP to your friends list Get a Link to this Reply
I like it and only seen on at the mint in Denver but not for sale, or in steel!
but I have haeard about them
Thanks for sharing
Bob
Edited by RJP
03/07/2012 03:09 am
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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/07/2012  05:23 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply

Quote:
I would think it is worth easily $1500.00 today!

I saw one on ebay not to long after that one was posted on here and it had 100.00 starting bid and never got a bid so I doubt it would be worth anywhere near that amount. These are not all that uncommon and it seems the ones that got kept was from the Steel Cent days (maybe because they were outsourced to a different company or something) but I think there is quite a few of them still out there and may have actually been sold as a memento from that company. I did find this that says its worth $135.00 from Fred Weinburg http://minterrornews.com/fw_pricelist.pdf and it was signed by Jim Heine and came with a type 1 and type 2 planchet with an explanation of what it was


Edit: Here is a smaller one on ebay http://www.ebay.com/itm/1943-STEEL-...em43add5a557 so I think the prices that are being thrown around on here is way off
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mmorgan22's Avatar
United States
570 Posts
 Posted 03/07/2012  10:20 am  Show Profile   Bookmark this reply Add mmorgan22 to your friends list Get a Link to this Reply
Thanks Bryan for the link. I saw Fred Weinburg at the Long Beach show and talked with him about another error coin that I have. I didn't even think about talking to him about this planchet strip. I guess I figured it was not an error.
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Conder101's Avatar
United States
17884 Posts
 Posted 03/07/2012  10:22 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
These used to be fairly available back in the 70's, you don't see too many of them any more. I would think that a couple hundred would be a reasonable value.
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RMAN4443's Avatar
United States
187 Posts
 Posted 03/07/2012  1:30 pm  Show Profile   Bookmark this reply Add RMAN4443 to your friends list Get a Link to this Reply
Very Cool.....I have no idea on it's value,but if I owned it,Iwould have to clear a little wall space to give it a home where I could see it more often....Very Nice
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 03/07/2012  6:35 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
I also have no clue and this is the first I have ever seen one. Absolutely awesome! I might be willing to part with a couple bills for one. Not an offer, just saying what I would be willing to spend on one.
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westcoin's Avatar
United States
9792 Posts
 Posted 03/08/2012  12:46 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Thanks for the info, I too had no idea they were sold to the public, I figured they would be worth a lot more, obviously by my answer, but was going on guessing rather than facts or by ones sold, the one I saw at the coin chow, looked a lot like the OP's photo, it was mounted in an unglassed frame, with a note stapled to it like the one on ebay shows. Very cool part of history. Most planchet strips were melted back down to recover the metal and make more planchets with. The steel ones probably didn't get melted down as much, due to the composistion being used only for a single year.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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