Many collectors love striking and planchet error coins because each
one is unique and they are dramatic examples of what happens when
things go wrong in coin production. These are pieces whose errors are
the result of problems occurring during the striking phase.
Error coins are graded on the same scale as “normal” U.S. coins, and
their pricing structure is based on quality, rarity, and demand, as is
the case with all collectibles.
Galleries’ auctions associated with the Baltimore Expo, held at the
Baltimore Convention Center June 26 to 29, carried many of the
rarities normally associated with a major auction. It also had a few
spectacular error coins.
Here is one of three that we're profiling in this week's Market Analysis:
1943-S Jefferson 5-cent piece struck on a steel cent planchet,
Uncirculated Details, Cleaned
The U.S. Mint experimented with new compositions for World War II.
Perhaps the most widely-known example today is the 1943 Lincoln
zinc-coated steel cent that was struck only in that year as a way to
conserve copper for the war effort.
1943 Lincoln cents
struck on copper planchets are legendary rarities in American
numismatics, and 1944 Lincoln cents struck on zinc-plated steel
planchets are also very valuable. Branching out to other off-metal
errors of the World War II era provides affordable alternatives.
Connect with Coin World:
This 1943-S Jefferson 5-cent coin struck on a zinc-coated steel
cent planchet intended for a 1943 cent brought $646.25. The piece is
graded by PCGS as Uncirculated Details, Cleaned, and the lot
description notes that the cleaning “seems to have been done in an
effort to remove coppery surface scale that is still evident over the
lower right obverse, as commonly seen on the regular issue 1943 Steel
cent coins today.”
The edges are distended as is typical
for Jefferson 5-cent coins struck on cent planchets since, at 19
millimeters, a cent planchet is 2.1 millimeters smaller than a 5-cent planchet.
Read the rest of Steve Roach's Market Analysis: