From
Cuds on coins:
Quote:
Die Chips
Definition: A small piece (less than 4 square millimeters) that falls out of the die face and has no direct connection to the design rim. The missing piece leaves a void in the die face into which coin metal flows. As a result, the coin shows a featureless lump in the affected area.
A die chip can be connected to a die crack or it can be freestanding. Die chips frequently develop within narrow interstices in the design, such as the gap between the letters of LIBERTY. Hence the so-called "BIE" errors.
There are different types of BIES. A broken post is a Die Chip, and a chip anywhere in LIBERTY is one of them.
Ken Potter's book Strike It Rich, says a chip anywhere in LIBERTY other than between the B and E is called an "Associated Bie".