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$2 Error?

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New Member

Australia
3 Posts
 Posted 07/01/2012  1:02 pm Show Profile   Bookmark this topic Add skypirate to your friends list Get a Link to this Message Number of Subscribers
Hi everyone. Just signed up and wanting to pick at your brains for a moment.

I received a very bashed up $2 coin in my change last week and not really sure whether it's come about due to general circulation and the strange things people do with coins or if it's a genuine error.

I'll post a pic later, so I'll do my best to describe it now.

It's a 1988 issue with a very pronounced crack (forgive my lack of terminology) at about two o'clock on the reverse, starting at the rim and passing through the bottom star on the southern cross and parts of the '2'. By pronounced crack, I mean that I can feel it. It's as if the coin is covered in a thick sheet of foil and it has come off the surface. It was immediately noticeable when I ran my finger over the surface of the coin.

There is a relatively less noticeable crack starting where the last began and ending at about 9 o'clock.

I've never seen a coin do this before. Any help appreciated.
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 07/01/2012  1:21 pm  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
You should post your thread when your ready to include photos as descriptions are not easy to reply to...

Welcome to the forum...
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 07/01/2012  3:35 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
to CCF!

It might be a Lamination Peel, but once you've posted a picture we can be more definite.
life is a mystery to be lived not a problem to be solved
Valued Member
juzzyb's Avatar
Australia
215 Posts
 Posted 07/01/2012  11:21 pm  Show Profile   Bookmark this reply Add juzzyb to your friends list Get a Link to this Reply
yet another welcome from me.
as the others have already said it's tough to say without seeing it.
New Member
Australia
3 Posts
 Posted 07/01/2012  11:35 pm  Show Profile   Bookmark this reply Add skypirate to your friends list Get a Link to this Reply
Pics of the coin:

$2-Error?

$2-Error?
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trout1105's Avatar
Australia
7096 Posts
 Posted 07/01/2012  11:38 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Nice pic's, great Lamination Peel
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 07/02/2012  02:11 am  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
Please forgive me for 'toying' with your image. I just want to hi-light the rest of the defect:

$2-Error?

I would say that all of this is part of one large Lamination Peel, just that the top right bit of it is much more pronounced than the rest.

Is there something else going on with the edge of the coin? From about 3.30 - 8.00, it almost looks like it's separating, or is it an optical illusion?

Anyhow, it's a corker error!

Excellent find!
life is a mystery to be lived not a problem to be solved
Valued Member
Australia
318 Posts
 Posted 07/03/2012  01:54 am  Show Profile   Bookmark this reply Add CoinManTim to your friends list Get a Link to this Reply
are lamentation peels worth anything?
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goatieman23's Avatar
Australia
869 Posts
 Posted 07/03/2012  07:53 am  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
For a lamination peel like that, I'd pay maybe $10-$15 (To add it to my $2 error collection). CoinTimMan, depends what someone's willing to pay. I appreciate lamination flaws because they don't come around often like a Cud.
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trout1105's Avatar
Australia
7096 Posts
 Posted 07/03/2012  08:01 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
are lamentation peels worth anything?



Quote:
For a lamination peel like that, I'd pay maybe $10-$15 (To add it to my $2 error collection). CoinTimMan, depends what someone's willing to pay. I appreciate lamination flaws because they don't come around often like a Cud.

Don't listen to these guys they are just fudging
If you listed this genuine error on ebay I would start the bidding at $50 and see what happens from there.
If I owned this I would never sell it.
Great find, these don't grow on trees
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appleangel07's Avatar
Australia
1607 Posts
 Posted 07/03/2012  09:03 am  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
I'd keep it too,just to see if it would eventually come apart when all the foreign matter in the planchet desolves or rots or falls out or whatever but very interesting errors IMO,some of the really spectacular peels are worth real good $$$$$ especially when the peel is opened right up.
New Member
Australia
3 Posts
 Posted 07/03/2012  10:28 am  Show Profile   Bookmark this reply Add skypirate to your friends list Get a Link to this Reply
Wow! Thanks for the help everyone.

I'm more of a bullion collector so all this more technical numismatic stuff is really new to me. That said, I'll probably put it on ebay at some point...this stuff doesn't really excite me and I would like to pass it onto someone who would appreciate it more.

Should I keep this is something like an AirTite container to prevent damaging it?

nancyc: I'm not too sure what you're seeing in the photo, but the entire edge of the coin is intact.
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appleangel07's Avatar
Australia
1607 Posts
 Posted 07/03/2012  10:55 am  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
skypirate,This is what Nancy was referring to,there looks to be a crack or metsal displacement around the bottom edge of the coin,it would also be part of the peel problem.

$2-Error?
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 07/03/2012  4:49 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
I also would keep it, and might even bid on it. Like I said, it's a corker.

Please let us know if/when you list it.
life is a mystery to be lived not a problem to be solved
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goatieman23's Avatar
Australia
869 Posts
 Posted 07/03/2012  9:29 pm  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
Nancy, the bidding war is on!
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 07/03/2012  11:02 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply

Quote:
Nancy, the bidding war is on!

life is a mystery to be lived not a problem to be solved
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