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Collectors and organizations dedicated to collecting coins regard mint striking errors as those that have been created by the minting process. Mint striking errors are caused by the collar moving, cracking, or not being present in the minting process. The collar is a third die that actually holds the coin in place in the minting process.
In general, lower denomination errors are less expensive than higher denomination errors simply because more such coins are minted resulting in available errors. Due to improvements in production and inspection, modern errors are more rare and this impacts value. [ 3 ]
Jitalia17/istockphotoSome of the rarest and most valuable coins in U.S. history owe their worth to minting errors that slipped through unnoticed. Coins like the 1943 Copper Penny, struck in copper ...
Strike Errors: “Striking” is a part of the minting process when the design from the die is impressed onto the coin. Strike errors include off-center or misaligned strikes and designs struck on ...
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There has even been speculation that some mint production workers make errors on purpose, knowing that doing so will boost the value of coins on the collectibles market.
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