2010 James Buchanan Missing Lettered Edge

Hey guys! So I think I really found something here!

Backround Story: So I was going to the beach with my friends and when I went to buy train tickets, the machine gave me back my change in dollar coins. I got about 11 back and I lined then all up with the rims and did a quick scan and I noticed one was smooth! I thought I got a G.W. and was stoked but when I saw James Buchanan I was baffled. I did a little research and found there is one that is known so far (http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=13781).


So I have some pictures and tell me wht you think. I looked around the entire edge with a illuminated 45x-25mm loupe and saw nothing and compared it to a normal james buchanan and saw no size difference waht so ever (Incase of a possible shave job).

**The Obverse is James Buchanan but the photo was to large**

 

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nice!

 

WOW! Great Find if it turns out to be authentic! :thumb:

 

Nice find!!! That's really cool! I've heard of the lettering being upside down/ right side up but never completely missing!

 

Position of the lettering is entirely random.

 

Nice find!
That article is from 2010 and states that only one example was known at that time but there have been a few more found since then. A completed sales search on ebay shows that they still go for a decent premium. http://www.ebay.com/sch/Coins-US-/2...plete=1&_dmd=1&_okw=&_fsct=&_kw=buchanan+edge

 

Now, should I get it sent in? Personally im leaning towards yes but would like some thoughts.

 

The real question is how much market is there for missing edge dollars? If you can find someone who is trying to collect a plain edge of each president you could possibly get a good price. But if the market is just error collectors that simply want an example of a plain edge dollar then any president will do and there is no reason to pay a high premium for a president where only a few are known when a plain edge Washington will do. That tends to hold down the prices on the non-Washington coins.

 

That is not a shave job. There could be quite a large premium for a coin with such a small population. What kind of condition is the coin in? Anything but MS would would be very bad for the value.

 

The coin is MS for sure, but I would say a solid MS62 due to some contact marks. Thanks for all the help guys!