• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Anyone here know anything about coins? I got a blank dollar coin! (56K warning :D)

TurtleCrusher

TurtleCrusher

Lifer
I received this coin today from a vending machine with three other dollar coins, all Millard Filmore and from the Denver mint. After reading online it's quite rare to get one of these.

http://coins.about.com/od/errorcoin...ar-Error-Photos/Washington-Dollar-Hunting.htm

Apparently they have sold upwards to $1000 several times.

So, what do you guys think?

DSCN0218.jpg

DSCN0220.jpg

DSCN0219.jpg

DSCN0222.jpg

DSCN0221.jpg

DSCN0223.jpg

DSCN0224.jpg
 
Pretty awesome if that's indeed what it is! I'm not really into coin collecting so I haven't heard of such a thing but that looks cool. I would've been "wtffffff" and tossed it or something. 😛
 
EvilYoda said:
Pretty awesome if that's indeed what it is! I'm not really into coin collecting so I haven't heard of such a thing but that looks cool. I would've been "wtffffff" and tossed it or something. 😛
Click to expand...

I was on a break from Econ 200 and we were JUST talking about counterfeit money. I got that immediately after I went on break and took it right back to my instructor. He knew exactly what it was!

And to think I was about to put it back into the machine to make sure I could use it as currency still!
 
Colt45 said:
Might just be counterfeit? I figure that is more likely than a mint screwup.
Click to expand...

I honestly thought that, but the more I look at pictures online (only a few) this doesn't appear to be. The counterfeit ones are not concave like the one I have. they are solid shape with rounded edges, not protruding. The other coins that were tossed back to me were practically non-circulated coins. Two are in mint condition. One is a little tiny bit scratched.

And considering the treasury is sitting on 1.4 Billion in dollar coins, the older ones are just now seeing circulation. A counterfeit would also be too perfect or damaged.
 
Does it have the edge lettering exactly like the normal coins?
Does it weigh the same as what the normal coin does (sensitive scale needed)?

I have some concerns that the coin may have been altered after it was made normally, but more info needed. Should also mention your average coin dealer would not know the value of a piece like this (if it's legit) - error coins are kind of a specialty area.
 
Last edited:
kranky said:
Does it have the edge lettering exactly like the normal coins?
Does it weigh the same as what the normal coin does (sensitive scale needed)?

I have some concerns that the coin may have been altered after it was made normally, but more info needed. Should also mention your average coin dealer would not know the value of a piece like this (if it's legit) - error coins are kind of a specialty area.
Click to expand...

A planchet (blank) is not considered an "error" for the purposes of collecting. An error is something that occurs once the minting process starts, and hence is why those coins are more valuable. A circulated planchet is unusual, but is not "rare".

This doesn't mean that the planchet is worthless, but it is not going to be subject to the same scrutiny that a mint mistake would be. Planchets are shipped by the truckload from the foundry to the mint.

Now - if it was stamped on one side, but not the other.....
 
For a fee, you could have it professionally certified by PCGS or NGC.
Any decent coin dealer should be able to arrange for that.
I'm guessing that it may be worth something extra, but nothing very spectacular: <$100.
 
For the record, a blank planchet golden dollar certified by NGC recently sold on Ebay for $48. Consider the cost to have it certified is at least $20-$30.

If the edge lettering is present, that will boost the value as the planchet will be dated.
 
I've never seen dollar coins come out of a vending machine, muchless knew we had current dollar coins in circulation, lol.
 
kranky said:
For the record, a blank planchet golden dollar certified by NGC recently sold on Ebay for $48. Consider the cost to have it certified is at least $20-$30.

If the edge lettering is present, that will boost the value as the planchet will be dated.
Click to expand...

Thanks everyone for the posts.

In regards to this, it does have a somewhat distinct "1" on the edge. It doesn't have any other legible markings. All else looks to be incredibly faint or just not there.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top