Went to my LCS today looking for my 1st gold coin. I didn't find any I liked in my price range, but I did find this. Rescued it from the junk silver bin. Unless I am mistaken this looks to be a pretty significant and deep Lam Error. What do you think? I do not collect these and will probably flip it, but wanted a second opinion on the error diagnose. I have never seen one this deep. Also the MM has been wiped out...any ideas as to where this one was minted? Any Peace Dollar vammers out there? Any comments welcome. Thanks for looking...Mont.
not an expert here either but it looks like detached lamination to me. @paddyman98 maybe he may shine some light into it.
It does look consistent with a lamination to me as well, though I'll defer to the error specialists as well.
That is what I am thinking too. What gives me pause is the size and shape of it. I have seen several of these with Lam errors. Most of the are very small and usually show straight lines where the Lam peeled off. This one has no real shape to it and looks to be much deeper than other Peace Dollar Lam errors.
Doesn't look like a lamination to me, either. The pattern isn't right, and the rim damage would indicate something else caused the depression on the coins' surface, and rim. It's not particularly deep, imo.
It does look like mint damage though not PMD. Having said that what other errors, besides Lam errors, could cause damage like this?
Well, a planchet flaw, for one. I'm not saying that's definitely what it is, but it seems a plausible alternate explanation to me? This one came back from NGC with a "planchet flaw" notation and a resulting "details" grade. See the reverse at 6:00.
Here is the center photo by itself. The lighting on this one shows the detail of the surface better including the changes in depth. The devices are missing in the area affected. If you look though you can just make out the bottom of the U in united as well as the rest of the N. When I look at it under my loop there appears to be a bunch of little holes that look like air pockets. I know that Lam errors can be caused by trapped air, so this is what made me think this could be a possibility. I am also not seeing any indications this was gouged out by a tool. No pushed metal or raised edges. Anyways...here is the photo a little more blown up.
I thought about that, but figured the N in united would've come out stronger if the planchet was already this way before the strike. On another note, why would a Planchet Flaw get a details grade?
Dunno. I agree that it looks like mint damage versus PMD, but I'm far from a specialist in that stuff. "Lamination" was my first ready answer, but if @Fred Weinberg shot that down my second go-to theory is "planchet flaw". If that's not it, then I'm out of ideas. Also dunno why NGC "AU details"-graded that 1901 Straits cent. I was less than pleasantly surprised. Guess they figured it as a "problem" coin, even though the "problem" was there before striking.
Oh boy.. I do see that there once was a piece attached but at sometime torn off. But with all the other good comments it's difficult to say. I would also have thought lamination which became de-laminated but I'm not all sure. Here is the tear off area -
Thanks @paddyman98. I will file it under Planchet error and hold onto it for a while. Maybe if I ever get to a show I will bring it along for other opinions. I want to be sure what this is before I flip it. Until then it will go in the US errors section of my book. I will add this is the only Peace Dollar I have and the 1st time I have ever purchased a coin due to the error it had. Thanks again to all who replied....Mont.
Are you near Philadelphia? There is a great show in August. Fred will be there and I will stop by 2 days.
Nope. The Mont in my screen name means Montana. I agree. Which is why I intended to flip it or trade it. It is always nice to have some sell/trade stock.