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 Replies: 15 / Views: 1,710 |
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Locked
822 Posts |
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Pillar of the Community
United States
4132 Posts |
That was priced right at impulse-buy level. I could use a waffle in my error collection.
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Valued Member
United States
88 Posts |
How do these even come about? I see them on ebay all the time and people always want them... |
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Bedrock of the Community
United States
17884 Posts |
Quote:
I think this might be it.. Why? After the mint punches the strip they chop the webbing. Defective coins are waffled. Both are sold as scrap metal and the buyer can do what they want with the stuff. Even if it is bought by a recycler there is bound to be some of it laying around that can get out from the recyclers employees. |
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Bedrock of the Community
United States
12437 Posts |
I purchased a lot from that seller a couple months ago, it is legit clad scrap.
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Pillar of the Community
United States
4132 Posts |
For five bucks it's worth having as a conversation piece and for illustrating the coining process. I might try getting a waffle of each denomination, but I don't imagine they're going to be great values at any point.
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Pillar of the Community
United States
648 Posts |
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WAFFLE GOLD DOLLAR PLANCHET Just woke up  ether cause no coffee yet or hungry that gold dollar waffle ... BIG double take  |
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Pillar of the Community
United States
7629 Posts |
I don't get how anybody calls this scrap metal an "error" - there's no error here.
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Pillar of the Community
United States
1204 Posts |
I dont know guys ?! I worked most of my life in "metallurgical (" industry that used planchet to make car parts etc ) and all the scrap was was mutilated to little particles like grains and sent back to the companies that provide us the prime material ,so they melted the scrap and send us planchets again ! I heard here in the US the mint sells the left over as scrap what for me sounds unreasonable because the industry that provides planchet to the mint would be the one who would be most interested to buy any scrap left over from the planchets !
The errors as waffles and extreme off centers I really think they only come out from the mint with a inside job. But is just me
Edited by Ricardocody
09/04/2011 10:32 am
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Locked
 822 Posts |
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Why? After the mint punches the strip they chop the webbing. Defective coins are waffled. That's not a coin. Why would a scrap planchet need to be waffled if it's just scrap? |
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Pillar of the Community
United States
4132 Posts |
All defective coins they catch get waffled. If they sold them as scrap as-is, people would spend them, and they haven't been monetized.
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Forum Dad
 United States
24167 Posts |
But like scubu said, that's not a coin. I don't even think it's a planchet, I think it's just a blank. Why would that need to be waffled?
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Pillar of the Community
United States
648 Posts |
clad blanks are very hard to duplicate if you are a counterfeiter ( make a rare dime from small piece  )  |
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Pillar of the Community
United States
1064 Posts |
Probably an accounting thing, where every piece has to either be sent out as a legal piece, or mangled and documented (counted)?
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Pillar of the Community
United States
4132 Posts |
Blanks would be accepted by coin accepters and vending machines, so if you bought a bunch of scrap from the mint that had a bunch of unwaffled blanks in it, you could surreptitiously cash them in. People find type 1 blanks in circulation on occasion, and type 2 fairly often (I have one I found in a roll of quarters), so they do pass as money.
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Bedrock of the Community
United States
17884 Posts |
Quote:
I heard here in the US the mint sells the left over as scrap what for me sounds unreasonable because the industry that provides planchet to the mint would be the one who would be most interested to buy any scrap left over from the planchets ! Some if not most of it is probably bought back by the strip manufacturer. That doesn't mean that others can't buy it too. |
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Replies: 15 / Views: 1,710 |
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Posted 09/02/2011 11:42 pm
