Coin and Paper Money Collecting/Planchet error?

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Expert: - 4/21/2010


Question

1922 Peace
I have a 1922 Peace dollar with a dark arc mark which looks like the adge of another planchet was lightly stamped into it.  I'm not an experienced collecter, so I don't know what it could be.  The arc starts between the B and the E, and goes around past the Y.  In my inexperienced opinion, it starts too close to the rim to have been made after striking.

Answer
Hi Roger:

Thank you for the opportunity to answer your question.

It is difficult to answer your question without a good photo or seeing the coin, but I'll try. If you want to ask a follow-up question by providing additional photos of the coin, or more of a description, I'll modify the answer, if required.

Your photo appears to show toning rather than a distinct image where you indicate you see "another planchet lightly stamped into it". I do see what looks like a die crack running from the back of the head below the "T" and into the "Y" of "LIBERTY". This is considered a minor error and does not add any numismatic value to your coin.  

Check ebay listing under US coins in the error category to see if coins like yours are listed. You may also want to check out these links on error coin values:
http://www.coinsite.com/html/USErrorPrices.asp
http://www.minterrornews.com/priceguide.html

The value depends date, mint mark and condition. The date you state is considered somewhat common. The mint mark for the silver dollar is found on the reverse of the coin, and is to the lower left side. The 1922 dollar has several different mint marks ( P, with no mint mark, S, and D), Your coin contains a little over three fourths an ounce of pure silver each. The dollars were struck in .900 fine silver. With silver at about $18.00 a troy ounce, your dollar has a melt value of about $14.

See Link for melt value: http://www.coinflation.com/silver_coin_values.html

To grade Peace Dollars: http://coinauctionshelp.com/how_to_grade_peace_dollars.html
    
For date and specs. see: http://coinauctionshelp.com/Peace_Silver_Dollar.html
                   
Values and mintages: http://coinauctionshelp.com/Peace_Dollar_Mintages_Price_Guide.html
                  
Highly circulated coins are worth basically melt. Higher grade coins, Very Good condition and above would be worth about $20 to $30, depending on strike, luster, and surface marks.
                             
Hope this helps. Again, if you want to send more photos of your coin, I'll review and update my original reply, as required.

Please remember to go to the experts site to rate this answer. And check the nomination box on the rating page below any comments you may have.

Thank You and Good Luck in your collecting.
    Questioner's Rating
    Rating(1-10)Knowledgeability = 10Clarity of Response = 10Politeness = 10
    CommentMr. Fern was very thorough and knowledgeable about the subject of my inquiry. I appreciate his timely response and offers to address any further questions I may have. Thank you Mr. Fern.


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Ronald Fern

Expertise

I can answer most all questions relating to US coins, tokens, and currency. I'm not strong on world coins or ancients. Primary field of expertise is errors and varieties. Over 55 years experience in coin collecting. Part time dealer since 1976. Employed by McDonnell Douglas/Boeing for over 34 years as an Industrial Engineer/Technical Specialist before retiring in 2002.

Experience

Worked weekends for "Lonesome" John in the late 1960's to mid 1970's processing error coins, packaging, and preparing orders. Worked with John Devine and Fred Weinberg on several California Error A Rama's in the early 1970's. Served as display judge at annual Error-A-Rama coin shows. Opened and operated mail order coin business DBA "CAL ERRORS" in 1976. Contributer to Alan Herbert's "Official Price Guide To Mint Errors" and Fivaz/Stanton "Cherrypickers' Guide". Worked Saturdays at Huntington Beach Coin Exchange 1980-1999. Had table and sold coins at a number of coin and gun shows in So CA, AZ and NV. Sell coins, tokens and currency currently at my space in the Pomona Antique Center. Past "Errorscope" Editor. Presently CONECA Examiner.

Organizations
ANA, CONECA, CWTS, NLG

Publications
Errorscope, Numismatic News, Civil War Token Journal, Error and Variety News

Education/Credentials
AA Degree LBCC pre Engineering, 1964 BS Degree CSULB Ind Technology, 1968

Awards and Honors
1st Place EAR Trophy for Civil War Token Errors, NLG Author of Year Award for best monthly coin column "Error News and Views" in small Numismatic paper, owned and published by Ray Anthony.

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