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2017 Gold Sov, Struck On The Day, Mintage 1817, Help With Error Please

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bankeronbreak's Avatar
9 Posts
 Posted 07/08/2017  2:26 pm Show Profile   Bookmark this topic Add bankeronbreak to your friends list Get a Link to this Message Number of Subscribers
Hello everyone, I would be grateful for your opinions on my 2017 gold sov that was struck 1st July 2017, mintage 1817. There is a line running from the Queens earring to the edge of the coin.
Could it be a hair printed onto the coin or a minor crack in the coin or other?

Any opinions and advice on what it might be and who I should take it to for grading and could the error add value will be greatly appreciated

Thanks

2017-Gold-Sov,-Struck-On-The-Day,-Mintage-1817,-Help-With-Error-Please

2017-Gold-Sov,-Struck-On-The-Day,-Mintage-1817,-Help-With-Error-Please
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silverwolf's Avatar
Canada
3733 Posts
 Posted 07/08/2017  4:23 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
if it is fact on the coin and not the case, it would add nothing to the value, it would actually take away from the value, as it is damaged. I would seek to have the coin exchanged, for a problem free example.
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bankeronbreak's Avatar
9 Posts
 Posted 07/08/2017  5:15 pm  Show Profile   Bookmark this reply Add bankeronbreak to your friends list Get a Link to this Reply
@silverwolf The capsules had been opened for the pic's. The line is on the coin, I have also had a good look with my loupe. If it was a scratch I would return it as that would be considered damage but an error coin NO WAY. Even error coins on boring gold and silver bullion do very well and this is a collectible low mintage flat edge struck on the day gold sov with potential + and a possible one of it's kind. Ill be hanging on to it, Cheers

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silverwolf's Avatar
Canada
3733 Posts
 Posted 07/08/2017  5:31 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
let's wait to see what others think.if it is a strike through it could be of more value..
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sel_69l's Avatar
Australia
21788 Posts
 Posted 07/08/2017  11:44 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Important that you have a certificate to support authenticity regarding the circumstances of the centenary of minting.

Are you sure that a small hair was not attracted to the inside of the plastic capsule by electrostatics?

It would be hard to prove if it was PMD or not.

Would sending it back support the cost of shipping?
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bankeronbreak's Avatar
9 Posts
 Posted 07/09/2017  04:54 am  Show Profile   Bookmark this reply Add bankeronbreak to your friends list Get a Link to this Reply
@sel_691 All I think I need is better in depth view / magnification of this coin so all will be revealed.

Even if a hair was in the capsule which it wasn't it would not leave a mark like this.

When you say (Would sending it back support the cost of shipping) I am not sure what you mean? But in any case I won't be sending it back. This coin is a winner winner chicken dinner!

I imagine a few leeches would be lining up at The Royal Mint to grab this little beauty with a giant grin at my expense. Unfortunitly for them I am nobodys fool.





Edited by bankeronbreak
07/09/2017 05:17 am
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bankeronbreak's Avatar
9 Posts
 Posted 07/22/2017  08:20 am  Show Profile   Bookmark this reply Add bankeronbreak to your friends list Get a Link to this Reply
I am leaning towards a cracked planchet on this coin but still need to get a microscope over it to confirm. Some more pic's here anyway. Genuine replies welcome

2017-Gold-Sov,-Struck-On-The-Day,-Mintage-1817,-Help-With-Error-Please

2017-Gold-Sov,-Struck-On-The-Day,-Mintage-1817,-Help-With-Error-Please

2017-Gold-Sov,-Struck-On-The-Day,-Mintage-1817,-Help-With-Error-Please
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 07/22/2017  09:55 am  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
I tend to agree with silverwolf, such a mark does nothing for me.

Good luck.to you though if you think you've struck gold but call me a philestine I just can't see it.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 07/23/2017  02:54 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Doesn't look like a hair in the later pictures; the line is not continuous.

I cannot dismiss the possibility that it may be a light scratch.
Edited by sel_69l
07/23/2017 7:06 pm
New Member
bankeronbreak's Avatar
9 Posts
 Posted 07/24/2017  04:45 am  Show Profile   Bookmark this reply Add bankeronbreak to your friends list Get a Link to this Reply
I said genuine replies only. @sel_691 what is wrong with your eyes, when does a crack look like a scratch?

@DavidUK Regardless of what it does for you, it's easier to find hen's teeth than a modern error on such a sought after coin.

Common guys stop messing around

*** Edited by Staff | The bad word filter is in place for a reason. Bypassing the filter and making the intended word obvious anyway is completely unacceptable. ***
Edited by bankeronbreak
07/24/2017 04:48 am
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 07/24/2017  05:35 am  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
The value of a die break or crack is often related to the severity of the error.

I know that serious fractures or breakages in a die are sought after and expensive and tiny little ones much less so.

How severe is that being objective about it?

You asked for genuine replies so I gave genuine opinion, I can't talk for others only for myself... I don't see that as a meaningful error, just an imperfect coin. Someone else may attach extra value to it but I can only speak for myself that I wouldn't pay over the odds.

The only interesting thing is that die breaks occur usual when a die has been in service for a while, this coin has a low mintage... are they all like that? Was this a die used previously for a previous year? Are there more severe examples from further through the striking run?

All those questions could give you greater understanding of what you have.
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bankeronbreak's Avatar
9 Posts
 Posted 07/24/2017  07:03 am  Show Profile   Bookmark this reply Add bankeronbreak to your friends list Get a Link to this Reply
@DavidUK I think the error is considerable for a 2017 modern error from The Royal Mint for a gold Sov with limited mintage of only 1816 coins. A similar error for a high mintage coin may not mean anything value wise at all but it all comes down to *what coin it is, mintage and collectibility*

This is the sort of coin that will be worth what a buyer wants to pay.
An error coin doesn't have to fit your's or mine or anyone else's style of collecting.

There are big money players in a pool of collectors that will want this coin. One only has to do a search on the internet for a guide on sales of error coins to get a feel of the interest and see huge money being spent on rare collectible error coins.

The only question is finding the buyer who will pay the most when it comes to selling.
My children may have that to deal with one day as I have no intention of parting with the coin at this stage.
I was pleased to see the cracks down the side of the coin just to the left of the main crack which gives even more information on the error.


Edited by bankeronbreak
07/24/2017 07:04 am
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bankeronbreak's Avatar
9 Posts
 Posted 07/24/2017  07:24 am  Show Profile   Bookmark this reply Add bankeronbreak to your friends list Get a Link to this Reply
The crack ends short of Queenie's earring in an almost fish hook crack. Not near camera /memory card right now. Visable but not clear in pic above as well.
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 07/24/2017  08:13 am  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
You seem hard work to have a conversation with, I am not claiming to be an expert in this particular area but you have asked for opinions while asserting you know best.

It seems like confirmation bias. You want the coin to be the crown jewels so look for evidence to support that conclusion.

We all know that rarity + demand creates value.

I think you wrongly assume the low mintage of the coin combined with the error multiplies value.

I would jave thought a high minted circulation coin with an unusual error would be more valuable than a not for circulation low mintage coin with a common error.

Now I am not saying that it is common but suppose for a moment every single coin had this break (possible given how few of these were minted) then the error wouldn't add much value as they are all like that.

It's not about whether the coin fits my collecting style, I am well aware some guys have money and will buy oddities like this...thats why I said some may assign extra value thats a matter for them. What I am trying to establish is a logical approach to determining how many people this will appeal to, how rare the error is on this run of coins, how appealing an example of a die crack error it is and how much demand for such an error on a coin of this type.

If you don't want to discuss such things you may be in the wrong place. Perhaps you just wanted someone to tell you its worth millions...

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sel_69l's Avatar
Australia
21788 Posts
 Posted 07/24/2017  08:19 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Better pictures help.
Forum Dad
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bobby131313's Avatar
United States
24173 Posts
 Posted 07/24/2017  10:42 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
when does a crack look like a scratch?


In the pictures you provided, that's when. All day long.
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