1921 morgan error, any idea what type of error this is? L missing on back word dollar

Thank the lord for people who know there stuff!

 

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So whats a coin with an error like this go for?

 

One with far more missing sold for $80. Your's would be substantially less.

http://www.vamworld.com/Struck+thru

 

My bad.

From the crappy pic of the OP, it's hard to see what you're talking about, and I was making a guess on it.

 

Frank, it would be hard to guestimate value.

1) There is no listing on VAMWorld for a 1921 Philly missing the "L" as the result of a grease-filled die. It may be that it needs to be submitted to Leroy Van Allen for authentication.

2) Those listings where missing letters are cited are pretty much in conjunction with "Infrequent Reeding". Have you compared the reeding on yours with another 1921 Morgan with normal reeding?

3) Many of the I.F. coins are "Top 100" so the value tends to be a little higher more because of the reeding than anything else.

Chris

 

I can it better on your pic. Thank you.

 

Thank you CMP9BALL and IKANDIGGIT

 

I do not collect silver, but there are several factors to consider for the novice.

1. There is a difference between a variety and an error.

A variety is a discernible difference caused by different dies used to strike the coins. As such, there were numerous coins struck showing the same identifiable characteristics of the individual die. Some are rarer and some are common, but they are collectable by variety. As such, the rarer ones have a demand which results in a premium which reflects their scarcity. This can be further divided into recognizable die states. Again, some of which are scarcer than others.

An error is a manufacturing defect in the coin which may come from any one or more general processes. They are grouped and classified by the nature and severity of the defect, but each is individual to the particular coin and is independent of the die. Errors are collected and the more profound errors carry a premium for those collectors, but a common type of minor error lacks the scarcity to command a premium and will often become a detriment to the common collector who prefers error free, higher grade and condition examples. So a minor error then causes a discount, rather than a premium to reflect a lessor demand.

2. Rarity or uniqueness do not determine price. Price is a function of supply and demand. Even the owners of unique objects only obtain a p[remium if there is a demand for the unique object. Lacking this demand, the object is only worth what the owner is willing to give up to keep it and then only to him.

I have many coins far more scarce than common keys which demand a far greater price because the demand is great. Ignoring the demand side of the equation is a rookie error.

3. Beware of differences between die related issues which have an error counterpart which is similar. I'm particularly thinking of a Doubled Die verses Mechanical Doubling. Both result in a similar effect on the coin, but the prices are widely different due to their scarcity and demand differences.

4. Rookies often assume they are being taken by an unscrupulous dealer if they are not immediately made wealthy by their 'discovery'. It's part of the learning process to find out whether that dealer is taking advantage of your ignorance or giving you a free lesson in numismatics. The latter is far, far more likely, but the former does happen in numismatics (Although it's safe to say it's less frequent than in a lawyers office).

5. Because people in the business have seen the same disappointment by the numerous discoverers of the "priceless coin", they can become insensitive to these novices and assume every situation is exactly the same as the hundred situations they've seen before. It leaves a bitter taste in the mouth of the newby and often keeps them from becoming new members of our community. Ironically, this suppresses demand for the very objects these dealers are in business to sell.

6. Every once in a great while, someone will bring in the new discovery or great rarity and give you the opportunity to advance the state of numismatics.

 

While this is true in most instances, there are exceptions.

For example, a grease-filled die may cause multiple coins to be struck containing the same error before the obstruction either falls away from the die or is removed.

The same might also be said for die cracks and/or die gouges, though there is a difference of opinion whether these are considered varieties or errors.

Chris

 

I'm being too technical here. The error like a grease filled die or brockage has a series of SIMILAR errors but are still specific to the striking of the particular coin. This also applies to die cracks and gouges which occur throughout the life of the dies. These are die states and NOT varieties because they come from the same dies. Each die pairing, Obverse and Reverse is a variety. Subvarieties are usually caused by differences in edge devices. The 1804 I believe wrongly treats die states as sub-varieties.

Perhaps I should just leave it as die centric for varieties and manufacturing process mistake centric for errors.

 

My only purpose was to point out to newcomers that it isn't a "hard and fast" rule, and they shouldn't get too hung up on the differences between the two terms.

Chris

 

I can CLEARLY see the outline of where that "L" should be. Most likely somebody took that coin and scraped the L off of it, and didn't do a very good job.

 

Couldnt someone have used a small chisel and hammer?

I've done it several times where I work when there was a small piece of metal that needed to be removed fro ma tight area.

 

No, this is struck through grease or debris. If the device is partially filled with grease/debris, you'll get what looks like a weak strike.

 

As Lost stated, there's no way that could be done without there being traces of it being done.

I've used a chisel on wood and metal and there's always been signs on the metal a chisel was used on it and had to be ground and buffed to remove the scrap marks from the chisel.

 

Im just going to send it to wexler.

 

Go on the VAMWorld site and get Leroy Van Allen's address. He is the only person who can assign the attribution for it. He charges $5 + return shipping for the attribution, and if it is a new VAM, your $5 is refunded.

Chris

 

I cant find VAN ALLENS ADDRESS, CAN ANYONE HELP?

 

http://www.vamworld.com/

 

I'm sorry to say but I believe I can see casting bubbles between the denticles on both obverse and reverse, indicating a cast copy. Have you tried a magnet to it yet? It's a real shame that they've gone from faking mostly key dates to common coins also just for the metal content. Bummer man.