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Tuesday, 22 December 2015

Strangest numismatic errors - strike on a piece of nail!

 



Lot 3496 in upcoming January 2016 Heritage Auction in Tampa is one of the strangest numismatic errors that we - or for that matter any other numismatist - has ever seen. PCGS's label describes it as a No Date Mint Error dime, MS65, struck on a nail. It is immediately obvious when looking at it that it the striking dies were for a Roosevelt Dime, but many questions remain:

  1. How did the nail get into the Mint Machinery?
  2. Since a dime was struck on it, was it a 10 penny nail? (No, according to the description it was a 6 penny nail. Apparently the US Mint did not strike sixpence coins at the time.)
  3. Is MS65 a sharpness grade?
  4. Which side was hit by the hammer die?
  5. Is this piece tooled?
  6. Would it be cleaned with nail polish?
  7. Is this considered hammered coinage?
  8. What will the nail price be?
  9. What will the hammer price be?
Article by Stewart Huckaby

Updated:This “coin” sold for USD 42,300 !! (08/01/2015)