March 31, 2006, Newsletter Issue #11: Morgan Silver Dollar Error Coin

Tip of the Week

The saying goes that mistakes are more valuable than successes. This is doubly true in coin collecting. You possess or want to buy a Morgan Silver Dollar, but something looks slightly off. How can you tell if you have a silver dollar coin error? And what's it worth? Here are some silver dollar tips on some common Morgan Dollar errors:

* Clipped planchets--coins that are incomplete because of improperly cut blanks, can sell for $45 and up according to one dealer
* Off-center strikes, priced at $500-$4000 according to one dealer
* Cracks and "cuds" where part of the design is missing, can sell for $100 and up
* Blank planchets with flat or raised edges, $400+

An interesting Morgan Silver Dollar error occurred when the coin was struck through grease, giving the Morgan Dollar an "ancient" patina. Another error you might come across with Morgan dollars is a rotated reverse, struck with a rotated die. The eagle appears askew. There are also Morgan Dollars that are broadstruck, with the image expanding outside the collar or edge of the coin.

Your dealer or buyer won't appreciate you erring in the selling price, so make sure that you know how much Morgan Dollar errors are worth. After all, a mistake in bargaining might be so valuable it could cost you hundreds of dollars. Stick to silver dollar mistakes instead.

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