This is about the 15th one I've found. It's nice to find one in a box of rolls. At least it's not a total waste of time. This one is in very good shape. What about the grade? I'm thinking maybe MS-64. It's also a bit of a MAD. That might actually take away from the grade though.
what do you mean by lathe line? Are you referring to the texture of the fields or the line in the rim? Also, can you define MAD, sorry for the newbie questions, thankful for this resource! Thanks!
The concentric circular lines in the fields. The steel stock from which dies are created is machined by a lathe into a conical shape before being pressed by the hub - it creates a more accurate die. Sometimes that process doesn't completely remove the lathe lines and they end up struck into the coin, like here.
Oh ok I see, I have many of these in my binder and I mark them as "wood grain" from the texture of the fields. Thanks for explaining! p.s. - this is not an error that increases value, right?
Not really, although Jason Cuvelier is actively cataloging them at his site: http://www.errorvariety.com/index.html Die blanks (from Wexler's site):
The lines are supposed to be polished away before the die is used. It is an error that the mint worker didn't do his job, and quality control did not catch these. I have seen them listed on e-bay for around $20.00. I have never sold one. There are 15 different obverse dies. I don't have all of them. I have doubles on some. The last time I compared them and tried to attribute them to the ones on the website mentioned above I got a really bad headache. Haha. Ill try it again sometime. Some are subtle, and like this one only a small area is affected. Some of them are very pronounced with more of the coin affected. They aren't a big deal but it's better than a poke in the eye with a sharp stick when CRH. A MAD is a "misaligned die". That is the "railroad rim" on one edge with the opposite edge is missing some or all of the edge. These lathe line coins only appeared on certain years. Don't confuse these with a "woodie" typically early 1980'S linclons. They have a wood grain look from improperly mixed alloy. Those lines are uneven and usually go in a straight direction across the coin, and through the coin so the lines are on the obverse, and reverse of the coin.
Oh ok cool, didn't know the acronym for mad. I just called them woodies because i didn't know what they were at the time I found my 1st and the name stuck in my head. Not so much declaring it is a woodie but more or less using the term for my personal records. Kinda ocd with labeling and enjoy collecting all kinds of errors whether or not they're valuable to anyone else And now that you mention it I believe the majority I have with those lathe errors are 1992 and newer