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1853 $1 Liberty Head Gold Planchet Error

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 Posted 05/16/2015  8:40 pm Show Profile   Bookmark this topic Add Arthur42 to your friends list Get a Link to this Message Number of Subscribers
New addition to my collection and wanted to get some opinions. Had my dealer friend verify and he agrees that it is a planchet error. What do you think? Anybody have an opinion of value?

1853 $1 Gold Liberty Head Planchet Error

1853-$1-Liberty-Head-Gold-Planchet-Error
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 05/16/2015  9:02 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Interesting coin. I'm thinking it has to be struck through something as opposed to a planchet error; doesn't really seem much like a departed lamination. No edges anywhere. Pretty sure it's as-struck, though, and not postmint.

In this specific case it probably detracts from value rather than adding to it. A random collector of interesting errors might snap at it, as it's uncommon to find gold in this shape, but the average collector would see it as damaged.
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 Posted 05/16/2015  9:06 pm  Show Profile   Bookmark this reply Add Arthur42 to your friends list Get a Link to this Reply
The affected area is "deeper" than the rest of the coin. I originally thought it to be a lamination error but my dealer friend pointed out that the 1 is struck through along with some of the "dollar". That is why he thought it was an imperfection with the planchet before minting.
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SsuperDdave's Avatar
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 Posted 05/16/2015  10:18 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Well, if it were a planchet void of some type, the strike would most likely be sharp up until the point where no metal was available to fill the die. At that point the strike would stop rather than blur as it is seen here.

The denticles are part of the die, not the collar, and would not have developed had there not been sufficient metal under outward pressure to strike them, and I feel that contraindicates a planchet void as well.

Is there anything that might be related to the event on the obverse? If that were a void which existed during the strike, you could reasonably expect there to be almost no detail at all on the face opposite the void, because there'd be nothing to "brace" the obverse die against.
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 Posted 05/16/2015  10:44 pm  Show Profile   Bookmark this reply Add Arthur42 to your friends list Get a Link to this Reply
This is great info. Thanks for the help. The obverse of the coin is in pretty good shape. nice strong details all over. there is a die break near the stars at about 9 o clock. The error on the reverse would be from about 6 o clock to 9 o clock on the obverse.

1853-$1-Liberty-Head-Gold-Planchet-Error
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John1's Avatar
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 Posted 05/19/2015  06:44 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
With such a deep divot on the reverse if it was a struck through wouldn't the obverse be affected in some way too?
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SsuperDdave's Avatar
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 Posted 05/19/2015  09:47 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
With such a deep divot on the reverse if it was a struck through wouldn't the obverse be affected in some way too?


Perhaps but not necessarily. Something like cloth, under the enormous pressure of striking, isn't going to have much left in the way of air voids and will effectively transfer pressure especially with softer gold being struck. The fact that the obverse is normally-struck pretty much proves that the coin was - somehow - "whole" when initially struck. That planchet void didn't exist prior to the strike, couldn't have existed. Whether that void was filled by a lamination which later disconnected, or grease or some other strikethrough material, remains to be proven but that space had to be taken up by something in order for the obverse to strike up.

My leaning right now is a strikethrough of something other than liquid. Grease won't leave such an irregular surface on the planchet, being a liquid which will be seeking an equal level even under strike pressure.
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