Hi All, Please let me know your general comments on this one and what you think is the fair market value - thank you.
Appears to have been a fold over planchet error prior to being struck. Full Image photos can make a different when posting photos.
It's not a lam. I'd love to see a bigger picture of it and of both sides of the coin out of the plastic if you could manage it. I know it's a pain to get around to sometimes. I've not seen a Morgan like this before, though, I have to tell you. It's certainly not what I'd call a common error.
Here are three more photographs, including a close-up of the planchet flaw. Any guesses as to value? My quick glance at e-Bay shows prices from $200 - 500. Thanks!
Imo, it's a lamination, and the flap folded over AFTER the coin was struck. Although a 'lamination' is also a planchet flaw, it's more specific, as a planchet flaw could also be a cracked planchet, improper metal mixture, etc.
Another coin to study. It appears the lamination was in place when the original coin was struck and then it flipped over which is a reason for the lamination to show a part of an incuse design of the U. Would an XRF study in the lamination area reveal the contaminant that caused the lamination? I'm sure you are preserving the coin so the lamination doesn't delaminate and come off. It wouldn't be as interesting if it was in two parts or the lamination was lost. Nice coin to talk about and study and explain how the error happened. As Mr. Weinberg mentioned lamination is more specific attribute than just a planchet flaw. Nice post.
The lamination 'flap' was not where it is now, when the coin was struck The flap was raised after the coin was struck. And, in most of these cases, it's not a contaminate that caused the problem, it's improper metal mixture of the original planchet strip.
I could give you $2.50 for it, maybe $5.00. The coin is in good shape and it shows it off well. You don't see these too much in silver dollars. I'm of course talking about the value over and above the value of the coin at the grade. I'm thinking now on these pictures it is a lamination, but it's not the whole thing, because it's obvious the denticles area was affected by it, but it's too short to extend up to the denticles. It could be that part is folded back over on this part, though, so it's still there. But I'd like to see the whole thing, and maybe $3.00-6.00 if you had it, I'd definitely pay higher for the additional real estate. Of course if you could get $200-500 for it on eBay, I don't think you're going to get a better offer than that anywhere else, and there's certainly no "book value" on it, as it's just a lamination, assuming that. I'd probably put it up there and ask $750 or best, see where it goes. You never know.
I'm in agreement with eddiespin and Collecting Nut. To my knowledge planchets for Morgan's are not laminated so it would be a planchet problem, likely due to some contaminate.
hey ddoomm1 great looking coin. i think you have a lamination problem. im thinking around $65 and great pictures as well. good luck man
