Magnimat Test Planchet

Discussion in 'US Coins Forum' started by LostDutchman, Nov 8, 2011.

  1. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Moderator

    I had this piece walk in the door today. I get the craziest things that walk into my store. This was a test planchet authorized by the US mint but produced by the German corporation VDM as a possible option for the SBA dollar planchets. It's a clad of nickel and copper nickel. It was however scrapped because the planchets were expensive and also because VDM owned exclusive rights to their manufacture.

    18 pieces were produced and handed out to a house subcommittee during the Historic Preservation & Coinage hearings held by the U.S. House of Representatives on May 31, 1978. All 18 pieces were then sold to a coin dealer by a member of the
    subcommittee. My piece is accompanied by it's INS paperwork. It doesn't look like much... but it's definitely a rare bird. Included is a clipping of the auction catalog it was sold in in 1985.
    magnamat1.jpg
    magnamat2.jpg
     
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  3. mizozuman2

    mizozuman2 that random guy

  4. Tylercw7

    Tylercw7 Member

    very cool!!
     
  5. vdbpenny1995

    vdbpenny1995 Well-Known Member

    how did you settle on a price
     
  6. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Moderator

    A friend of mine owns 2. I simply made a phone call and asked him. I am lucky however to know him.
     
  7. wornslick

    wornslick Junior Member

    So what would the price be for something like that?
     
  8. lkeigwin

    lkeigwin Well-Known Member

    That is very cool. I'm not sure how much it's worth, or who might come along to buy it, but it is definitely unusual and fun.

    I'm not an SBA fan...I rather detest the coin...but this is something pretty special. Maybe your "friend" is interested?

    Thanks for showing it to us!
    Lance.
     
  9. Kasia

    Kasia Got my learning hat on

    Thank you for sharing this, Matt! Very interesting to see this.
     
  10. green18

    green18 Sweet on Commemorative Coins Supporter

    "Walk in the door"? How the devil do you attract these folks Matt? :)

    Unlike most, I'm a fan of Suzy's.........
     
  11. mizozuman2

    mizozuman2 that random guy

    i like them, their pretty cool!

    do you happen to know how much a set of them (79-81 and 99) is? uncirculated, or a MS grade?


    mizozuman2
     
  12. green18

    green18 Sweet on Commemorative Coins Supporter

    They're not terribly expensive and you wouldn't have any problems finding them in high grade. Matt could even have a set or two lyin' around. :)
     
  13. chrisild

    chrisild Coin Collector Supporter

    Interesting piece, and a great story that comes with it - thanks! By the way, Magnimat was used in the German 2 DM (1969~2000) and 5 DM (1975-1996/2001) pieces, and is today used for the "pills" of the €1 coins. It is not a sandwich structure in the sense that you could see the "middle layer", but has a pure nickel core fully "surrounded" by Cu-Ni ...

    Christian
     
  14. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Moderator

    I just got lucky and happened to know the right person to ask about this one. Most people would have just looked right over it.

    Running a coin store is similar to fishing. You just toss your lines out an see what bites.... sometimes you catch some strange stuff.
     
  15. Conder101

    Conder101 Numismatist

    Interesting. Rare piece, rare certificate. The only thing I wonder about is how would you test such a piece to determine what it is? By appearance it would look like a regular copper nickel or nickel planchet. Of course since it is a sandwich type material you might be able to determine that the outer layers are not magnetic but the core is. Of course that would be true for coppernickel clad steel as well. But coppernickel clad steel would have a lower specific gravity. Does it have any of the paperwork from INS saying what tests were done?
     
  16. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Moderator

    It doesn't have any other paperwork besides what is shown. There really isn't much information to be had on these pieces. I would take the piece out and do some tests on it but I think it better to leave it sealed in it's auction flip.
     
  17. mark_h

    mark_h Somewhere over the rainbow

  18. BadThad

    BadThad Calibrated for Lincolns

    WOW! That's a neat and interesting piece Matt. Thanks for sharing!
     
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