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Mint-made errors occur when coins are made incorrectly at the mint, including anything that happens to the coin up until the completion of the minting process. [1]
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.
Top values are usually paid to coins that have been graded in mint or near-mint condition. Learn More: These 11 Rare Coins Sold for Over $1 Million 1937 Three-Legged Buffalo Nickel: $100,000
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 ...
Pearlman used the NGC Price Guide to estimate the current retail value of a 1955 Doubled Die Lincoln cent at a range from $1,000 in worn “About Good” condition to $85,000 in Mint State 66 with ...
In modern presses, a die strikes approximately 120 coins a minute. This is a large number of coins produced in a short time, and obviously the die cannot last forever. However, the process of wearing the die is only hastened by the metals used in coins. Nickel, one of the main metals used in today’s coins, is quite hard and causes wear ...
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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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