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Replies: 28 / Views: 9,649 |
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Pillar of the Community
Canada
3692 Posts |
Nobody seems to talk about coin dies here, in what is supposedly one of the better coin forums on the net. The integral part of the coin, which is basically its parent, is neglected in the discussion of collecting. We're so preoccupied by rare dates and precious metals that we forget the real hard work that goes into making each die. Does anyone here collect dies themselves (decommissioned, of course) and what kind of a market is there for them, or are they relegated to being a museum-type object? http://doubleddie.com/This link above is simply a starting point, but it just amazes me how much work and intricacies are involved in this hobby that we take for granted. Thoughts? Where does one begin to explore this realm of the coin?
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Pillar of the Community
United States
3253 Posts |
The first step in preventing a coin from being counterfeited while it's in circulation is making sure dies are not being used illegally. That's why, for centuries, when a set of dies goes out of use, my understanding is that they are often formally destroyed, not just "decommissioned." These are not items a government would want to sell, like military surplus.
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Pillar of the Community
Russian Federation
5172 Posts |
Quote: The first step in preventing a coin from being counterfeited while it's in circulation is making sure dies are not being used illegally. That's why, for centuries, when a set of dies goes out of use, my understanding is that they are often formally destroyed, not just "decommissioned." These are not items a government would want to sell, like military surplus. I believe there are some decent amounts of old dies in museums, but most are archaeological finds (and these "decent amounts" are on the level of hundreds at most). In fact, I'm fairly sure Heritage had sold some (judging by the sheer variety if whatever they did sell); I won't be surprised, though, if they had prices well into five or six figures (or possibly even more). A year or two back, there was an official government sale of decommissioned State Quarter dies; these were waffled and, I believe, defaced in some other way as well, to the point that it took a certificate of authenticity to even prove it was ever a die. This is probably the closest one would get to the OP's idea (outside of paying ridiculous sums that should rather be used for buying high-grade rare coins, or possibly to start a collection of patterns).
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Pillar of the Community
United States
2543 Posts |
The old State Quarter dies were defaced, and used to be for sale on the Mint's website, I don't know if the still have them. I have also seen few on $bay for sale.
Edited by denco7 02/24/2013 11:31 am
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Pillar of the Community
United States
1436 Posts |
I would guess that most decommissioned & defaced dies that make it out to the realm of the consumer end up as paper weights by the time all is done & said
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Pillar of the Community
United States
3253 Posts |
If all these dies are out there, I'd love to see some pictures of them. I have heard of the Fugio Cent dies that were "discovered" by Horatio Rust in the 19th century being used as paperweights in a hardware store, that he used to make the New Haven "restrikes," but I think the consensus now is that they were dies from later fantasy pieces, and not Abel Buell's originals.
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Moderator
 United States
23522 Posts |
Quote: The old State Quarter dies were defaced, and used to be for sale on the Mint's website, I don't know if the still have them. I have also seen few on $bay for sale. I have one of those. The die themselves tend to be a sort of arcane corner of our hobby, but they get plenty of discussion with those who collect by variety. Especially for Morgan collectors, there is much thought expended as to what the die might have had to do, to create the variety in question.
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Bedrock of the Community
United States
17884 Posts |
US coinage dies are as a rule rare items. The most common examples are the completely defaced dies that the mint sold directly to collectors in the late 1990's and 2000's. These dies have the die face completely ground off leaving a flat featureless face. The next most common are dies that were defaced and sold for scrap steel back in 1968/69. Literally several 55 gallon drums of old dies were purchased the scrap dealers and entered the numismatic market. These dies had the die face defaced by using an acetylene torch to melt and puddle the die faces. In some cases part of the die face may still be visible and undamaged. The third most common are a couple of thousand dies that were used to strike the proof (and possibly MS) 1996 Olympic commemoratives. These dies were defaced by grinding a fairly narrow X across the face of the die. In this case most of the original striking surface remains intact. These dies are costly often running several hundred dollars apiece today. The Mint originally sold them on their mailing list for $50 each. They sold out almost e=immediately. Rarest of all are earlier 19th century US coinage dies either X canceled or even rarer not cancelled at all. Most of these dies are in museums, the few in private hands tend to sell in the thousands of dollars when they make their rare appearances in the market. There are probably between two and three dozen dies in this category at most. Most of these are CC Morgan dollar dies that were discovered a couple decades ago under sidewalks during renovation of the CC mint. None of those CC dies are in the marketplace. The ANS has at least two early 19th century dies in their collection, One of the most recently sold dies was for a late 19th century double eagle. Sometimes coinage dies for foreign countries will show up in the market but they are also rare. Token dies do show up from time to time. Recently Lost Dutchman Coins in Indianapolis purchased some 200 token dies from the late 19th/early 20th century.
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Bedrock of the Community
United States
12437 Posts |
 Colorado State Quarter die from Denver with one of the first coins struck by the die(a true First Strike  ). As you can see, it is just a glorified paperweight with the die completely effaced.
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Pillar of the Community
Australia
1041 Posts |
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Pillar of the Community
New Zealand
1679 Posts |
Cheers Don
Vickies cents and GB Farthings nut. "Old" is a figure of speech and nothing more
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Pillar of the Community
Australia
1041 Posts |
so the serial numbers on the die ..... could tell you what when and were
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Pillar of the Community
Australia
1041 Posts |
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Valued Member
United States
336 Posts |
I purchased the Michigan Quarter Die some years ago directly from the mint. Just pulled it out the other day actually. Guess I need to take some pictures :)
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Pillar of the Community
United States
7390 Posts |
A lady in Virginia City, NV just above Carson City used a rare CC die as a doorstop for decades and I believe it was sold about 10yrs ago at auction for around 25k if I remember correctly. I think littelton coin bought it
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Pillar of the Community
Australia
1041 Posts |
sweet very rare in Australia but no were close to that price I could only wish
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Replies: 28 / Views: 9,649 |