| Author |
 Replies: 13 / Views: 1,585 |
|
|
Valued Member
United States
319 Posts |
|
|
|
|
Bedrock of the Community
United States
10045 Posts |
 I would like it better if it were struck. As it is, it's just metal scrap. |
|
Pillar of the Community
United States
2824 Posts |
Dyslexic...
buy the plastic not the coin...
|
|
Pillar of the Community
United States
853 Posts |
I think it's cool, as an educational piece. Don't think I'd pay $34 for it though.
|
|
Rest in Peace
United States
10625 Posts |
Just curious, what makes this a "mint error" ?
|
|
Moderator
 United States
189340 Posts |
|
|
Pillar of the Community
Puerto Rico
778 Posts |
Great! Free shipping.  |
|
Pillar of the Community
Canada
2632 Posts |
Quote:
Just curious, what makes this a "mint error" ? Good question..shouldn't it have gone back to recycling? hmm.. |
|
Pillar of the Community
United States
1699 Posts |
I actually think that is a very cool piece. Most of the scraps that you see are from the "modern" denominations such as Pres. dollars, nickels, dimes, halves, & quarters. The only issue that I have with this piece, or any mint scrap for that matter, is determining authenticity. No matter what a mint error expert, TPG, or auction house tells you, these pieces would be easy to manufacture. Additionally, many of the coils needed for production are not made "in-house" but are actually contracted out to other facilities. What sort of security or quality measures are in place to stop thousands of pounds of this stuff from coming to the market? Does the government even care if thousands of pounds of this scrap comes to the market? |
|
Pillar of the Community
United States
4212 Posts |
What I found interesting is that Weinburg is offering it. I wouldn't have thought they'd mess
w/something like this.
|
|
Bedrock of the Community
United States
17884 Posts |
Quote:
Additionally, many of the coils needed for production are not made "in-house" but are actually contracted out to other facilities. The clad strip has always been made by outside contractors. The mint did not have the equipment for making it. And since shortly after 1976 all of the coinage strip has come from contractors. The mint still punches out the planchets in house and chops up the strip for recycling. (Exception is with the cents, they have been provided as ready to strike planchets by contractors since 1982.) |
|
Pillar of the Community
United States
1699 Posts |
Conder, do you know anything about their recycling procedures then? I'm assuming any scrap is sent back to the manufacturers, but as you've noted, some procedures change over the years.
|
|
Valued Member
United States
114 Posts |
OMG! I have a huge collection of graded and slabbed donut holes, and this would look great in my album. My grandmother got me started with this kind of collecting when she used to give me punched cookie strips. I'm thinking of collecting copper, zinc, nickel, steel and other coin metals in pre-planchet-strip form; you know, like nuts, bolts, flashing metal, etc. Do you think the TPGs would grade nuts and bolts as pre-planchet stock?
|
|
Bedrock of the Community
United States
17884 Posts |
The strip is sold to the mint by the contractors. The chopped up scrap may be returned to the manufacturers, or it may be stored and then sold as scrap by the GSA. It depends on the contract. Typically the strip suppliers repurchase the chopped scrap, but anyone can purchase it. (Waffled coins are also included with the scrap and that is probably how most if not all of them get out into the market.)
|
| |
Replies: 13 / Views: 1,585 |
|
Posted 09/12/2014 11:57 am
