Madison Dollar ERROR found Question

Discussion in 'US Coins Forum' started by spyder, Nov 24, 2007.

  1. spyder

    spyder Junior Member

    Ok I found this new Madison dollar in the change dispenser. I put a $5.00 in to get change to play some arcade games and it gave me this new madison dollar but it looks like there is no plating of any kind.

    I compared it with a new one and it does not look like it at all. All the face lettering is there even the rim lettering shows up without a problem, there are no scrathes or scrapes on the coin at all.

    Also on the rim you can see what looks like a copper line going all the way around, I don't know much about coins.
    Just wondering what you would think of it, and I might get it checked to see if it is real.

    I cleaned it up a bit with some brasso that is the streak you see on the first picture.

    What is your opinion on the coin here is a pic of the coin the one on the left is the odd one.
    [​IMG]

    Here is a bigger more detailed picture
    http://i91.photobucket.com/albums/k313/glitcherscorner/coin.jpg
     
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  3. gxseries

    gxseries Coin Collector

    What a pity, you shouldn't have cleaned it up with brasso. With that, any extra possible value is plummed down to almost slightly over face value.

    Welcome to cointalk by the way.
     
  4. codydude815

    codydude815 Wannabe coin dealer

    It looks like a sintered planchet.
     
  5. Phoenix21

    Phoenix21 Well-Known Member

    Looks like a just toning from circulation, although they did do something to these dollars so they wouldn't turn out like that like the sacs did. Wondering if maybe struck on a sac planchet? Although now hard to tell if it is from toning, because you said you used Brasso on it, and that color could have come from the Brasso. So my answer is it probably isn't an error. Sorry dude. Hold on to it htough, worth a dollar. :D Do you collect other coins at all?

    Phoenix :cool:
     
  6. Snowman

    Snowman Senior Member

    welcome

    my first thought is that it was a pocket piece for awhile - i know they just came out but if you start handing it around for everyone to see it will start to turn brown like the older Sac's

    you mentioned that you can see the copper line going around it so it assumed that it has the proper clad layers like quarters and dimes

    someone could accelerate toning-browning by leaving coins outside, put it in a oven, bake them in oil- many weird things people do to coins to make them look rare- im always skeptical on coins looks

    snowman
     
  7. spyder

    spyder Junior Member

    well I didn't scrub it, just took a lint free cloth with a drop of brasso and lightly went over top of the coin, but it did not do anything to the coin at all, just gave it a slight shine. But after riseing it off after I took the pictures it is going back to the look I had before I done anything. Just wanted a opinion really, thanks for the fast reply.

    oh its not brown at all, it is more of a grey look it is hard to show in the pictures.

    Oh if I sent it in to get checked, and if for some reason it is not real or has been tampered would I still get the coin back, because I like the way it looks.
     
  8. gxseries

    gxseries Coin Collector

    The fact still doesn't change - using brasso on coin and gently swip it is like using a drop of 10M of hydrochloric acid on your skin and gently rub it off. It definately hurts.
     
  9. Coinlover

    Coinlover The Coin Collector

    ahh! :(
     
  10. hontonai

    hontonai Registered Contrarian

    Except change the surface and irretrievably damage it.
    Not sure what you mean by "sent it in to get checked". If you think the Mint or a bank will authenticate coins, you're wrong. If you are talking about sending it to a grading company, you'll get it back after paying hefty fees and two-way shipping. If it's a reputable grading company you'll get it back in a plastic flip marked "cleaned". If it's one of the many incompetent/dishonest graders, who knows how it will come back, but it definitely won't have any added value.

    My advice? Spend it and get your dollar's worth!
     
  11. spyder

    spyder Junior Member

    all I was wondering is if it is possible to have it checked to see if it is a real error, or if someone infact altered it and spent it. Seeing I did not get it from a roll I can't say it came like that stright from the mint.
     
  12. Jhonn

    Jhonn Team Awesome

    I wouldn't spend the effort or money to see if it's a real error. Personally, it doesn't look like an error to me. I would go ahead and spend it, as it's still worth at least a buck!
     
  13. spyder

    spyder Junior Member

    yeah that is what I am going to end up doing, its not like I am out any money. It cost a dollar and its worth a dollar
     
  14. Speedy

    Speedy Researching Coins Supporter

    There is no differents between the two planchets.

    Speedy
     
  15. Conder101

    Conder101 Numismatist

    It might be a sintered planchet error, and if you sent it to ANACS they would holder it and they could tell you if it was an error, and of course they will put on the holder that it has been cleaned.

    A genuine sintered planchet error is probably worth about $15. A cleaned one about $3. Grading it will cost about $14, and postage and insurance both ways would be about $16. So for about $30 you can have your, now $3, coin authenticated and slabbed.
     
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