Major error coin ending today

[azda]

I have a 1927 Florin proof listed which ends today and overnight/this morning it had jumped up to 155 quid. I took a look at the underbidder who is from Malta and took a nibble 3 times at it. So i decided to take a look at what they have bought recently and surprisinly they are buying up 1927 proofs of all denominations and has recently purchased 3 1927 Florins. Looking through who they'd bought from i came across this auction which ends in 18hrs

http://www.ebay.co.uk/itm/330764516796?ru=http%3A%2F%2Fwww.ebay.co.uk%2Fsch%2Fi.html%3F_sacat%3D0%26_nkw%3D330764516796%26_rdc%3D1

This is a 1p struck over a sixpence which can be seen in more detail on the REV. This must be a major error and so for anyone who's interested in such things the link is above. Good luck if you take a stab.

[1949threepence]

You just wonder how the hell that happened

[Red Riley]

You just wonder how the hell that happened

There's no mystery. You have a bad day at work, find an old sixpence and lob it into the blank hopper. Et voila.

[azda]

Well, a 1983 Penny minted on a 1953 sixpence, you just know some mint worker has taken the sixpence in to mint a major error coin and make a few bob

[Peckris]

You just wonder how the hell that happened

You just wonder how the hell that happened

There's no mystery. You have a bad day at work, find an old sixpence and lob it into the blank hopper. Et voila.

The intriguing thing is that 1959 sixpences were very common in BU even up until decimalisation. It almost seems as though they minted far too many for the actual needs, and even after trickling them out gradually, theY didn't all get issued. So it's not out of the question that there was even a bag of them still around in 1983, which was three years after the humble tanner was demonetised. Just a guess of course.

[azda]

£308.96 it ended at. Anyone take a stab?

[VickySilver]

I bought a 1981 penny over 1956 (by recall) six pence at Croydon about 5 years ago for ~ 50 pounds, so I guess interest is picking up. Too much for me, this.

[Generic Lad]

Amazing how something like that could have happened. Also amazing is that it oriented itself the right way (Queen overstruck by queen, sixpence overstruck by penny).

Just a bit too much over my price range

I'm hoping I can score something like that in a lot of junk coins sometime.

[Peckris]

Amazing how something like that could have happened. Also amazing is that it oriented itself the right way (Queen overstruck by queen, sixpence overstruck by penny).

Just a bit too much over my price range

I'm hoping I can score something like that in a lot of junk coins sometime.

It makes you wonder if the person responsible did it hoping to creqte a future rarity? After all, in purely monetqry terms, his 1p cost him 2.5p! Unless it really was an accident, but you would wonder how on earth it could happen with all the security they must have.

[VickySilver]

I think it may be a while before you find one in a "loose change" dish or junk box. Still they are out there and I know of this one and the one I have; I recall one other coming up, possibly on ebay 2-3 years ago which may have been this same coin.

[Generic Lad]

Amazing how something like that could have happened. Also amazing is that it oriented itself the right way (Queen overstruck by queen, sixpence overstruck by penny).

Just a bit too much over my price range

I'm hoping I can score something like that in a lot of junk coins sometime.

It makes you wonder if the person responsible did it hoping to creqte a future rarity? After all, in purely monetqry terms, his 1p cost him 2.5p! Unless it really was an accident, but you would wonder how on earth it could happen with all the security they must have.

Well, I know at least for the US side, there was a guy who was arrested for taking error coins, stealing them, and then selling them to dealers.

http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=23748

These presidential dollars lacking the edge lettering were very popular coins for quite some time and fetched a good chunk of change. In fact, there used to be a system that people in the US used to do (I never did).

The US mint let you buy "golden dollars" (I think they still had this during the Presidential dollars) on their website for face value and would pay the shipping. Naturally you paid for these with a credit card. Well, you'd still get your cash back or airline miles from using your credit card and then you could slice open the rolls, look for interesting varieties such as missing edge lettering, then take all the rejects back to your bank account, pay off your credit card and do it over and over again to rack up cash back and airline miles. Needless to say, the Mint and credit card companies caught on really fast and stopped those sales.

[1949threepence]

You just wonder how the hell that happened

There's no mystery. You have a bad day at work, find an old sixpence and lob it into the blank hopper. Et voila.

Right.....of course, it's so obvious

[Red Riley]

Right.....of course, it's so obvious

The difficulty of course is retrieving it afterwards...

[VickySilver]

I think perhaps alignment, unless by chance, of the two strikes might mitigate against randomness...

[Peckris]

I think perhaps alignment, unless by chance, of the two strikes might mitigate against randomness...

That baffles me - considering that blanks are fed into the press by automated machinery, how could anyone deliberately align a sixpence with the dies?