I have a 1958 D Jefferson Nickel that has a ring around the Monticello....I've seen a couple of others like this....does anyone know what's caused the ring? Thanks in advanced...
Back in the late 50's early 60's alot of banks were giving away little metal banks that were shaped like a tube for coins. You filled the tube up and to get the coins out you had to tighten down the little screw on the top of the bank which caused the ring. I wrote an article about these banks a few years ago that appeared in the Erroroscope along with some pictures. There was a guy name Joe Garbinini who assembled a complete collection of Mercury Dimes with this ring. RIP Joe.. He is the one who introduced me to the little banks. There is a dime bank currently listed on ebay, not mine at http://www.ebay.com/itm/VINTAGE-Mid...578?pt=LH_DefaultDomain_0&hash=item2ed35f9e12
Jim M is correct about the banks, but the screw in the banks made a much smaller circular cut in the coin, something like 6 - 7 mm in diameter. (and most of the banks I have seen are for dimes.) This is a scrape by a rolling machine.
On a related theme, you find a lot of Canadian nickels, especially from the 1950s and 1960s, with a long horizontal scratch across the diameter (on either side). The culprit? Canadian parking meters, which must have had some internal mechanism or device to grasp and/or pull the coin down from the slot into the cashbox. Fat chance you'd find 5c parking today, so nickels after the early 1990s no longer have this particular mutilation.
