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$50 For $50 Doubling

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Paulsz's Avatar
Canada
2187 Posts
 Posted 10/07/2014  09:46 am Show Profile   Bookmark this topic Add Paulsz to your friends list Get a Link to this Message Number of Subscribers
I just got the $50 for $50 polar bear coin and noticed it had doubling of a couple of letters on the obverse. Is this common for them? I know they are struck more than once, but shouldn't they be very precise since they are 'collectible coins'?

I'll post pictures as soon as I get the change and the right shot to show it.

These are the pictures

$50-For-$50-Doubling

$50-For-$50-Doubling

$50-For-$50-Doubling
Edited by Paulsz
10/07/2014 10:09 pm
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 10/07/2014  11:32 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
collectible coins ? Really ? !!
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Canada
6768 Posts
 Posted 10/07/2014  12:08 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
They haven't been minted for circulation.
But for collections. Just exchange the $50 bill to the fine silver coin.
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Paulsz's Avatar
Canada
2187 Posts
 Posted 10/07/2014  3:13 pm  Show Profile   Bookmark this reply Add Paulsz to your friends list Get a Link to this Reply

Quote:
collectible coins ? Really ?


what would you call them?
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NuMoosematist's Avatar
Canada
867 Posts
 Posted 10/07/2014  3:24 pm  Show Profile   Bookmark this reply Add NuMoosematist to your friends list Get a Link to this Reply
I would call them collectible.

In fact I collect them.
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Pacificoin's Avatar
Canada
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 Posted 10/08/2014  2:17 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
I would call them cashable ! Happiest day of my life the Royal bank taking 75 20 for 20 coins and depositing to my TFSA
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skip79's Avatar
Canada
403 Posts
 Posted 10/08/2014  4:02 pm  Show Profile   Bookmark this reply Add skip79 to your friends list Get a Link to this Reply
I personally think error coins like that are cool, even if they are supposed to be "collectible" (ie. flawless). Id hang on to it if it were me.
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Petersun's Avatar
Canada
1700 Posts
 Posted 10/12/2014  5:34 pm  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
I'd call them cash. Since the mintage is so high, I'd think that it's going to be $50 for quite a while, and it's always easy to get it. When it's always accessible at that price, I wouldn't even call it collectible.
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Northerncoins's Avatar
Canada
2019 Posts
 Posted 10/12/2014  8:02 pm  Show Profile   Bookmark this reply Add Northerncoins to your friends list Get a Link to this Reply
Not worth anything according too these guys but maybe interesting to note that they are dealing with millions of a type of coin and when Mechanical Doubling occurs its on many many coins but since NCLTs have mintage's of 7500 10000 20000 etc, who is to say a Mechanical Doubling is rare or not as it may only affect a few coins..and then hence could be called "rare"




Quote:
Unlike genuine doubled dies for which the doubling is on the die itself (hence the term "doubled die"), Mechanical Doubling is the result of loose parts in the coining press. These loose parts allow the dies to shift and/or bounce slightly at the moment of impact when the coin is being struck. This slight shifting and bouncing of the dies is what causes the flat, shelf-like appearance of Mechanical Doubling.

The loose coining press parts result from the continuous pounding of the presses as they strike coin after coin, and from wear on the coining press parts. The coining press operators have reported that when they see this doubling on the coins, all they have to do is grab their tools and tighten up all of the loose parts in the coining press. As soon as those loose parts are tightened, the doubling no longer occurs.

As we indicated before, this form of doubling is extremely common with numerous examples being produced on all denominations every year. Most serious doubled die collectors view this type of doubling as a form of damage to the coin rather than a collectible form of doubling. We are not saying that you cannot collect this form of doubling, if you are interested in it. Rather, we are saying that you should know the difference between the two forms of doubling and label them properly. Knowing that Mechanical Doubling is an extremely common form of doubling you also need to be very realistic about any values that are assigned to coins with this common form of doubling.



http://doubleddie.com/144822.html



Quote:

You just found a coin that clearly has doubling to one or both sides of the coin. You have been reading about doubled dies being found and you have been watching them bring nice prices at the on-line auctions sites such as ebay. It is somewhat apparent to you that doubled dies are usually worth more than "normal" coins. At this point it is natural for you to start getting a bit excited. However, you need to be aware that there are other forms of doubling on coins.

Unfortunately these other forms of doubling are quite common and basically worthless to serious collectors of die varieties with doubling such as doubled dies. Most serious collectors of doubled dies view these other forms of doubling as a type of damage to the coin rather than a collectible form of doubling. As such, there is no extra value assigned to coins that feature these common forms of doubling.



http://doubleddie.com/144801.html
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