Striking error coins look unusual and are the result of something
going wrong during the minting process. They teach us about how coins
are made, and error coins enjoy a dedicated following in our hobby.
Each error is unique, and many are dramatically weird in appearance.
There are lots of ways to collect error coins. Some collectors elect
to focus on a given error type, such as an off-center strike, while
others collect a range of errors across a denomination or coin type.
Here is one of three pricey “nickels” Coin World is profiling
in its latest Market Analysis that have traded at auction recently
that represent the high-end of the market:
1943-S Jefferson 5-cent coin struck on a steel planchet, AU-55
As World War II placed pressure on natural resources including
metals, the U.S.
Mint facilities were busy working with new compositions for the
cent and 5-cent denominations.
In 1943 only, Lincoln cents were struck on zinc-coated steel planchets.
This 1943-S Jefferson 5-cent coin is struck on a steel planchet
perhaps intended for a 1943 Lincoln cent, although at 2.75 grams it is
slightly heavier than the 2.7 grams that one would expect.
Off-metal wartime error coins are tremendously popular with
collectors, most notably the 1943 Lincoln cents on copper planchets
and 1944 Lincoln cents on zinc-coated steel planchets.
This one, graded About Uncirculated 55 by Professional Coin Grading
Service, experienced some light circulation, but avoided
intentional scratches or test cuts from those curious to learn more
about this unusual coin. It sold for $3,760 at Heritage’s Jan. 30 Long Beach
Read the rest of this Market Analysis:
Jefferson 'nickel' struck on steel planchet among popular wartime errors
5-cent coin/dime offers some intriguing number errors
Proof 65 5-cent errors are rarely seen by traders, collectors alike
More from CoinWorld.com:
value of United States Treasury-owned gold tops $11 billion
Kennedy half dollar came along amid circulating coin shortage in U.S.
Collection total prices realized could exceed $200 million by 2017
Investment Column: Grading the grading services and the phenomenon
of stickering slabs
Analysis: Recent price declines make popular classic commemorative
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