Jefferson Nickel Struck On Bowtie Web Scrap PCGS MS-61

PCGS - Coins struck on a bowtie scrap are an extremely rare type of error. During the minting process, after the blanks (metal disks) are made, the leftover metal is cut into scraps. These scrap pieces often resemble small bowties, hence the nickname. Typically, the scraps are collected and melted down to be recycled. However, sometimes these little pieces find their way out of the mint and into collectors' hands. Very rarely do these pieces get mixed into the batch of blanks, making it through the rest of the minting process undetected. Due to their rarity, the pieces struck by the dies are in high demand.

This particular piece is a bowtie scrap struck by a modern Jefferson nickel die. On the obverse, you can see Thomas Jefferson's neck and the first letters of the word "Liberty." On the reverse, you can see an entire section of Monticello.