Waffled Mint Coins

Discussion in 'Error Coins' started by Mountain Man, Apr 10, 2022.

  1. Mountain Man

    Mountain Man Well-Known Member

    Awhile back, I posted that I noticed an increase in the number of waffled (cancelled) coins in ANACS slabs, in auctions . I wondered if someone had acquired a waffling machine and was flooding the market, but others thought not.
    So, if something else is going on, what, pray tell, is it? And, why on earth would they slab a blank planchet? The need to cancel a blank planchet seems ludicrous. And how the heck do they grade these. It has got to be "tongue in cheek," right?
    Any insight?
    IMG_0486.jpg
     
    YankeeDime and alurid like this.
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. baseball21

    baseball21 Well-Known Member

    It makes sense seeing them in the ANACS slabs. There's not really any price difference between an ANACS one or a PCGS/NGC one, but the ANACS error grading is SIGNIFICANTLY cheaper.

    Because they were submitted

    If they dont and someone got their hands on it they could potentially make something on it or make their own error type thing. It's basically just a security thing
     
  4. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    Quality control. The blanks were inspected before they were struck and the Mint found something that was not up to the required specification for it so they sent it for cancellation. It and probably a few others.
     
    Last edited: Apr 10, 2022
  5. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    @Mountain Man
    Here is an intriguing item I acquired several years ago. Cancelled planchets/coins are not considered Mint Errors but this NGC slab mentions that it is. I have only seen 2 others with the attribution :wideyed:
    3581689-016(1).JPG
     
  6. tommyc03

    tommyc03 Senior Member

    What Ed said above^^^
     
    Inspector43 likes this.
Draft saved Draft deleted

Share This Page