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 Replies: 14 / Views: 1,001 |
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New Member
United States
21 Posts |
Hello, I bought three Morgans and two of them have the same issue. It appears there is a problem with the rim. I am looking for your input. Since I'm learning, I'd like to know what this is (is it a mint error?) and what causes this happen. Does it occur when the planchet is made when the die is made or in the striking process. Thank you. I appreciate the feedback.   *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
 United States
6975 Posts |
With both sides shifted to the right, I'd say slight off center. This is the first one I've seen on both the 21s and 23s. I don't think it's enough to warrant any premium.
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Bedrock of the Community
United States
54905 Posts |
I'd say it's a minor Misaligned Die (MAD). Too minor to have any premium though.
Errers and Varietys.
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Moderator
United States
64158 Posts |
I'm with the MAD diagnosis here, not often seen on the larger coins.
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New Member
 United States
21 Posts |
I read somewhere that MAD is only on one side of the coin. I am not understanding this correctly?
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Pillar of the Community
Canada
6244 Posts |
@ Justlearning
I think you mixt something. Those are bullions not coins, so the numismatic requirements could not be apply. The bullions are strike for purpose of investing in precious metal and not more then this. The Mint has the 85% quality barrier for bullions.
Only the collectable bullions versions go by the standards.
In general those are nice clean strike but not more then this. Hope this help you to see differences between collectable and bullion investing. Some peoples like to has a bullion for each year but will never be Numismatic Collection.
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Pillar of the Community
United States
6975 Posts |
Justlearning, that's why I called it off center rather than MAD. Silvio, why do you think this is a bullion coin?
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Pillar of the Community
Canada
6244 Posts |
CU, those are bullions. the only legal tender for them it is 1 dollar. They sell (the Mint) at the Silver spot plus premium, plus 1 $, plus production cost. If was an legal tender coin will be release at face value. So this it is the trick, the reserve made money and in fact they do not has no responsibility. Try to exchange one of them to the bank, surprise: value 1 $.
This it is CU, the collectable version in proof is sold-out far before to be strike, here it is another beast to discuss.
Who want to buy those rounds at high price I have nothing to say. Me I opt for bars with 5% premium over the spot and I am sure that the invest could be fructify with win from short term to long term.
Edited by silviosi
07/28/2023 6:38 pm
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Moderator
United States
64158 Posts |
Quote:
I read somewhere that MAD is only on one side of the coin. I am not understanding this correctly? Is it possible to be both off-center and MAD? I say yes, it can, the reverse side is slightly off-center, but the obverse is off even more than the reverse. Which is why I called it a MAD - the very thin rim is much more noticable on the obverse than the reverse.
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Pillar of the Community
Canada
6244 Posts |
Can you show the side of the coin? which version you has? Is this the clad?
you may have the UN version at 63 $, mean in two years will be 30 or 35$ market price.
Edited by silviosi
07/30/2023 01:30 am
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Pillar of the Community
 United States
5189 Posts |
@silviosi, the 2023 Morgan and Peace dollars are not intended for circulation coins; they have numismatic value and limited mintage, not considered just bullion coins. They are all .999 silver, no clad version. I agree with a slight MAD on both sides. Not an off center strike since the direction of the misalignment is different between the obverse and reverse. |
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Pillar of the Community
United States
3237 Posts |
It's not off center as I can see reeding on the edge, which wouldn't be there if it had been struck without a collar. It's either a misaligned die on both sides or else a partial collar strike. Can we see photos of the edge of the coin?
Edited by SamCoin
07/30/2023 04:18 am
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New Member
United States
21 Posts |
Hello all, Thanks for all the feedback. I am posting the edge of the coin as requested.  |
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Valued Member
United States
125 Posts |
It's called finning and it's a result of poor quality control from the mint.
caused by excessive striking pressure or a localized increase in striking pressure caused by slight die tilt. The extra pressure causes coin metal to squeeze into the narrow gap between die neck and collar. Fins can develop on either face or both faces simultaneously.
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New Member
United States
21 Posts |
Wow, great conversation and I learned so much. Thank you all for contributing to this post.
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Replies: 14 / Views: 1,001 |
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Posted 07/28/2023 2:47 pm
