Monday, February 13, 2012

Amazing Georgia Quarter Planchet Strike Error - A $1k Investment Turned to $5k!!

One of our good friends on Cointalk (CharlesNC) recently sold his amazing 1999 Georgia Planchet Strike Error.  What chronicles to be an amazing find in the error world, publications such as CONECA thrive on such finds.  What this error is, is simply a Georgia Statehood Quarter struck on a nickel planchet.  It's conceivable that a nickel had been originally struck with it's devices and upon exiting the machine, was lodged in the mobile hopper device that accepts the coins as they are struck and sent out to packaging.  And when the hopper is transferred to the quarter producing dies, the lodged struck nickel planchet falls into the die and is subsequently struck with the design you see here.

From the get go, this coin was originally acquired through a sale with a fellow coin collector who had decided to quit the hobby.  CharlesNC (Cointalk Handle) obtained a number of errors and varieties, but the Georgia quarter was the most interesting.  Charles then submitted the piece to PCGS, came back with the error designation and decided it to be a great idea to auction it on EBay to test the waters.  What some believed the coin would conservatively price out around $1500-$2000 actually sold for $5000.  A 500% return in what would be a notable error coin for the marketplace.  Photos of the quarter are headlined on the side of the article page.  Enjoy the breathtaking photos of such a nice find!