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Newly discovered Franklin 50C stuck on Dime!
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<p>[QUOTE="coppermania, post: 1174870, member: 18304"]This is a neat story about how I discovered a major mint error. I volunteer at my local coin shop (Dakota Coin in Rapid City, SD) that one of my best friend owns. I come in on my day off and help out with the loose ends so the other two guys can get caught up on their week. One day one of the guys brings in a three ring binder full of lower end foreign and odds and ends that was an after thought from a deal that happened over ten years ago. We all looked at the binder and this coin piqued my interest right away, but the other guys said it was nothing........</p><p><br /></p><p> I had just been looking at the first Stacks Bowers auction catalog and the off metal errors and I thought that this looked like the coins they had recently listed. I said "That's a real good error" they said "No way, its just a Franklin thats cut down". Its too thin for that I said. "Where is the reeding then?" well, I think the reeding is in the collar and this coin planchet never reached the collar. "Why isn't it perfectly round?'" I think the design would dictate where the metal was squished out! They still weren't convinced and it got busy in the shop. Later that day I pointed to the now flipped up and stashed coin and said "that coin is right as rain!". I put a merc dime on the scale 2.5 grams, then the Franklin... 2.5 grams.... then they started thinking. We looked it up in the Red Book and it showed 7000 bucks. Well, "That changes things".</p><p><br /></p><p> We shot it off to NGC, mainly because of the edge view holder and held our breath. I started looking up auction archives on Heritage and only found one that they have sold and it didn't have a full date, just 196X and it was a MS63 and sold in 2007. Tons of Franklin halves struck on quarters, nickels, just one dime. One on eBay a 62, also without a full date. So apparently, it's not a common error and that it is also rarer that a small dime planchet would land on the date area and be fully struck. I wonder if this coin came from the mint in a big bag and the first person at a bank to see it pulled it as a curiosity and somehow set aside and kept for being odd.</p><p><br /></p><p> So I check the NGC website about every day. Finally, Quality Control! Then Finalized, Imaged, Shipped! Heart pounding, do I look now? Hit the button and WOW! Not only did they verify it as a true error (which is all we really hoped for) they designated it a MS 63! I couldn't believe it. To think this was heading for the melt batch. Actually, I just received the coin yesterday and wanted pictures before I shared the story. Most of you guys know me around here as a copper head and thats my focus, but this is one of the top neatest things that has happened to me in this hobby.</p><p><br /></p><p> So you error heads, does the full four digits help this coin at all? Either way, enjoy. Matt</p><p>[ATTACH][ATTACH][ATTACH]122302.vB[/ATTACH][/ATTACH][/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="coppermania, post: 1174870, member: 18304"]This is a neat story about how I discovered a major mint error. I volunteer at my local coin shop (Dakota Coin in Rapid City, SD) that one of my best friend owns. I come in on my day off and help out with the loose ends so the other two guys can get caught up on their week. One day one of the guys brings in a three ring binder full of lower end foreign and odds and ends that was an after thought from a deal that happened over ten years ago. We all looked at the binder and this coin piqued my interest right away, but the other guys said it was nothing........ I had just been looking at the first Stacks Bowers auction catalog and the off metal errors and I thought that this looked like the coins they had recently listed. I said "That's a real good error" they said "No way, its just a Franklin thats cut down". Its too thin for that I said. "Where is the reeding then?" well, I think the reeding is in the collar and this coin planchet never reached the collar. "Why isn't it perfectly round?'" I think the design would dictate where the metal was squished out! They still weren't convinced and it got busy in the shop. Later that day I pointed to the now flipped up and stashed coin and said "that coin is right as rain!". I put a merc dime on the scale 2.5 grams, then the Franklin... 2.5 grams.... then they started thinking. We looked it up in the Red Book and it showed 7000 bucks. Well, "That changes things". We shot it off to NGC, mainly because of the edge view holder and held our breath. I started looking up auction archives on Heritage and only found one that they have sold and it didn't have a full date, just 196X and it was a MS63 and sold in 2007. Tons of Franklin halves struck on quarters, nickels, just one dime. One on eBay a 62, also without a full date. So apparently, it's not a common error and that it is also rarer that a small dime planchet would land on the date area and be fully struck. I wonder if this coin came from the mint in a big bag and the first person at a bank to see it pulled it as a curiosity and somehow set aside and kept for being odd. So I check the NGC website about every day. Finally, Quality Control! Then Finalized, Imaged, Shipped! Heart pounding, do I look now? Hit the button and WOW! Not only did they verify it as a true error (which is all we really hoped for) they designated it a MS 63! I couldn't believe it. To think this was heading for the melt batch. Actually, I just received the coin yesterday and wanted pictures before I shared the story. Most of you guys know me around here as a copper head and thats my focus, but this is one of the top neatest things that has happened to me in this hobby. So you error heads, does the full four digits help this coin at all? Either way, enjoy. Matt [ATTACH][ATTACH][ATTACH]122302.vB[/ATTACH][/ATTACH][/ATTACH][/QUOTE]
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Newly discovered Franklin 50C stuck on Dime!
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