...Hey CoinTalkers! So I was just browsing around Ebay, like I always do, and I stumbled upon this! I've never seen anything quite like it. In case there is anyone else who may never have seen anything like this beautiful Indian Cent struck on a 2 1/2 Gold Piece, I just figured I'd share! Hope You Enjoyed, Brian
Absolutely one of my favorite error coins! Only a handful of gold Indian cents are known (I think 3 dated 1900, a 1906 and I think a 1907) and this is the finest one that exists. There are also a couple of Lincoln cents struck on $2.5 gold planchets which are reported to exist, but I've never seen an image of one. There are also a few Indian Cents out there which were stuck on silver dime planchets. Those are very neat as well, but not nearly as cool as the gold IHCs!!!
I completely agree! This is now by far one of my favorite errors as well. I'd love to see one of a Lincoln cent struck on a 2 1/2 gold. I can search around the web for an image but I cannot guarantee anything. Thanks for taking the time to check out my thread -Brian
Man, that one really surprises me. Has anyoen ever traced the provenance? My thinking is that these almost had t have been made on purpose at the mint for collectors. Lots of shady things happened back then at the mint, (read about the 1913 LH), and I would think these have to be the same. There is very tight controls on gold flans, and having a few flans "accidentally" disappear and reappear in a cent bin seems pretty unlikely. Only other explanation would be the mint used IHC dies for trials, but that would be unlikely. Cool coin, I agree, just wondering how it could have been made.
flan [flæn]n1. (Cookery) an open pastry or sponge tart filled with fruit or a savoury mixture 2. (Engineering / Metallurgy) a piece of metal ready to receive the die or stamp in the production of coins; shaped blank; planchet
Au contraire, apparently: 1900 Indian Cent Struck on Gold $2½ Planchet PCGS MS 65 -- $600,000 Buy It Now You'll earn $200 in eBay Bucks! Wonder what would happen when PayPal tried to hit my CC for the balance -- yah, didn't think so.
I love looking at Mike Byer's auctions. Cause when I finally win the lottery I'm gonna go shopping..... http://shop.ebay.com/mike_byers/m.html?_trksid=p4340.l2562
When you do - add me to your xmas list. I like looking at coins like this, but will probably never afford one. A couple of these type coins I have seen in person at the local shop - like the 1799 $10 eagles. Of course not in that condition and still like 40k. Sigh. They did have an 1804 eagle once that the reverse was carved into a love token. Man it was still nice and still like 4 or 5k.
Coins are struck on incorrect planchets regularly, even today. So although unlikely, it's possible a big bin of $2.5 gold planchets was used up and one was left in the bottom and went unnoticed... then later, the same bin was used for cent planchets where the gold got mixed in and eventually struck. Seems hard to imagine it made it further than that without someone seeing the gold stand out, but in a big bin of bright red copper, gold isn't super easy to spot unless you're really looking. So when you consider tens of millions of these cents were struck, it's not crazy to think a few of these errors escaped unnoticed. However, when looking the 1900 dated examples, they are generally believed to be the experiments (apparently unauthorized) of a Mint employee. I think there are three known 1900 gold Indian Cents (all other dates of these are one of a kind). There are also a few 1900 dated silver Indian Cents struck on Barber Dime planchets, some struck off-center that make cool error coins. I believe it was confirmed by Rick Snow that the 1900 dated silver IHC errors were from the same dime pair and in the same die state as the 1900 dated gold IHC coins, adding strength to the theory that they were created not by accident, but instead were created by an employee at or about the same time. This would also explain how that 1900 gold got out of the Mint in such high grade. Regardless, it's still pretty sweet!
A similar one that was in a Heritage auction, a 1905 Indian cent struck on a gold quarter eagle planchet, MS64 PCGS, brought $253,000 in the FUN 2010 auction, lot 2433.