LOT #7560 |
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1901/0-S $5 -- Uncentered Broadstruck -- MS65 Deep Prooflike NGC. FS-301....
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Sold on Aug 12, 2011 for:
$41,687.50
Bid Source: HA.com/Live bidder
Description
Uncentered Broadstruck 1901/0-S Half Eagle
MS65 Deep Prooflike, Probably Unique
1901/0-S $5 -- Uncentered Broadstruck -- MS65 Deep Prooflike
NGC. FS-301. A broadstruck error occurs when a planchet enters
the coining chamber without benefit of the collar. The collar is
the retaining ring that prevents planchet expansion during the
striking process, and moves on springs within the coining press. In
The Error Coin Encyclopedia, Arnold Margolis and Fred
Weinberg explain:"Since the bottom die is moved upward after a strike, to push the struck coin out of the collar, allowing ejection of the coin, that lower die is continually moving up and down inside the collar. If debris or scrap, or even a distorted remnant of a blank should become clogged between the reverse die shaft and the collar, creating a bind, the collar will no longer be free to jiggle and move independently from the lower die."
When that occurs, the following planchets will be broadstruck until the problem is corrected. Without the collar in place to prevent expansion, and also to center the planchet in the press, broadstruck coins are frequently uncentered, as seen here. A frequent result of the broadstruck error is an extremely sharp strike, which also occurs on this coin.
This incredible piece represents the 1901/0-S overdate half eagle (despite the confusing NGC label), and it is an almost unbelievable broadstruck example, uncentered toward 12 o'clock. It is, as noted, fully struck and has extremely deeply mirrored fields with cameo contrast. Both sides are brilliant yellow with a splash of lilac toning on the reverse. A few minor surface marks are of no consequence. Several members of the Heritage staff -- numismatists who have seen nearly everything -- were wowed by this coin, as anyone would be.
Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.
Auction Info
2011 August Chicago Signature US Coin & Platinum Night Auction #1158 (go to Auction Home page)
Auction Dates
August, 2011
11th-14th
Thursday-Sunday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 1,223
Buyer's Premium per Lot:
15% of the successful bid per lot.
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