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Planchet Flaw Help Or Hurt Value?

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Valued Member
small change's Avatar
United States
69 Posts
 Posted 02/23/2008  09:14 am Show Profile   Bookmark this topic Add small change to your friends list Get a Link to this Message Number of Subscribers
I just purchased this Peace dollar with a planchet flaw. My question is, does the flaw add value or subtract value to this coin. I paid 50.00 for it and I believe it to be around an MS63. Thanks for any help on this

Image: Planchet-Flaw-Help-Or-Hurt-Value? 128933.jpg
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amac44's Avatar
United States
3242 Posts
 Posted 02/23/2008  09:26 am  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
It looks like a coin hit to me. It may hurt the grade a little over all it should grade pretty good
Edited by amac44
02/23/2008 09:28 am
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coppercoins's Avatar
United States
7629 Posts
 Posted 02/23/2008  10:30 am  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
Whether it's a flaw or a hit is of little consequence that it affects the grade of the coin, thus its value. The question remains, how much does it affect the value? A number of collectors are out to complete a set of nice coins, and want their coins to be problem free. In truth, a majority of collectors wouldn't pay a premium for an error...they would want to pay less because the coin is flawed.
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United States
288 Posts
 Posted 02/23/2008  1:59 pm  Show Profile   Bookmark this reply Add gusp to your friends list Get a Link to this Reply
I would think that C.C is correct. Anything that impares a coin detracts from the value.

I would venture to guess that if a coin has only minor value that a planchet error could add some additional value to a given coin.

Now that gets into error coin values. If a die break is large enough, or if a Die Cud is very major (1/3 of coin) or strike through error is cool enough (wire brush), it could add value to a given coin.

I have found that if a normal coin already has a substantial value that an error on that coin may hinder it's value, or, rarely adds much to it.

For instance: one of the PCGS PF68 DCAM 1953 nickels is the Fivas Stanton double die coin. PCGS shows a value of 12,000.00 as a 68DCAM. The double die could add or subtract from that coins value. Most high grade DCAM collectors would probably want their coins to be perfect. Die collectors may see it differently. If that double die was massive than I think value would increase. Someday, I think that the varieties may win out price wise.

Normally, the more value a straight coin has (non variety), the less a given variety adds to it. They are already well established and rare. Gusp
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foundinrolls's Avatar
United States
3507 Posts
 Posted 02/23/2008  10:45 pm  Show Profile   Bookmark this reply Add foundinrolls to your friends list Get a Link to this Reply
That is a ding from the edge of another coin. Often referred to as a bag mark, it detracts from the look of the coin and does hurt the value of the coin.
Because that "ding" is so prominent and damages the lettering, I fear it would not grade MS-63
Edited by foundinrolls
02/23/2008 10:46 pm
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