I have a question, what do you guys think about this coin out on ebay. http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=350045842557&ssPageName=STRK:MEWA:IT&ih=022 Do you think it is a lamination error or does it look like someone took a dremel tool to it? I've never seen a lamination error like this in a peace dollor, however it could be possible, what ya thinkin?
Weird. I don't agree with lamination. More likely a "strike through". Really would like to see the image with lighting from a different angle.
I say it looks like it was made by hand. look at the circular marks in the metal. It does look like a dremel of some type make that mark.
I don't like it, seems one could duplicate this. Gouge looks deeper toward the center of coin, like they were trying not to hit the rim. I suspect rotary tool.
Bottom of the depression seems to have a similar surface finish as the fields not the shiny cut or torn fresh metal finsh I would expect from a tooled mark. I think it is a strike through.
Here is another one that the same seller is saying has a cracked planchet. Looks like a real nasty rim ding to me, but I'm no expert on error types. http://cgi.ebay.com/1923-P-Peace-Dollar-BU-Error-Cracked-Planchet_W0QQitemZ190213096193QQihZ009QQcategoryZ524QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
From what I see I think there is a good chance it is a cracked planchet. I have a cracked planchet Morgan similar to it.
I'm not sure on the first, but I'd guess the coin had damage to begin with and someone tried to cover it up with even more damage and pass it off as something else. If it were natural, I'd have to assume the gouge would feature the same coloring as the rest of the coin, which from my perspective it doesn't. On the second, I would think a cracked planchet wouldn't leave the rim distorted and bent inwards like it is on the reverse. That would indicate either the die was defective or that the rim was intact when struck and the damage is post mint. Just my thought. I'd stay clear of both, but thats just me. Guy~
I don't like this same seller coming up with cheap common MS-60 or slightly better Peace dollars with errors, sends a red flag... starting coin is ordinary... errors not that common... doesn't seem right.
Oh, I plan on staying clear, just trying to get opinions as to why, so I know if my opinion is out there or not.
An easy way to obtain bulk silver (90% pure) without actually buying the silver is by milling/shaving a little off quite a few coins. http://www.bigsiteofamazingfacts.com/why-do-some-coins-have-ridges-around-the-edges http://en.wikipedia.org/wiki/Coin (Features of Modern Coinage section) Since milled edges are currently being used, that makes it hard to shave the edges and could explain why the area "milled" was targeted (if this "error" is manmade). It adds up and the coins can still be used as currency. So I wonder if these "errors" are manmade and just someone "milling" a little silver off each coin to use (maybe counterfeiters did it to use for silver coating their product) or sell as scrap silver. While you can't do this with a Note, this is doable with Coins and has been a practice since coins were first minted from precious metals. Ribbit