THE RARE FEEDER FINGER ERROR COIN
Lincoln Wheats Struck on Feeder FingersClick thumbnail to view full-size
Struck on Feeder Finger Errors
I hope you all had a fantastic weekend and are having a great start to your week.
Yesterday I was doing my laundry at the laundry mat. As usual I was looking over the quarters before putting them into the machine. I had purchased a roll of quarters from the local grocery store which is beside the laundry mat. I normally like to go over the coins with my 10x loupe but usually do that at home. I do the quick scan looking for errors that are visible to the naked eye. A die rotation error can be spotted easily. All US coins are minted where if you are looking at the Obverse side, say a Washington Quarter with Washington straight up. If you turn the coin over the reverse side should show the eagle straight up also, if not you have a die rotation error coin. I am also looking for coins that for some unknown reason at the time just seem odd. This takes practice and after looking at coins for the past 30 years I spot them with ease. I ran across a Montana Statehood Quarter that was BLACK. I set it aside and brought it home for a closer look. Turns out that I had set aside 3 coins like this from a Montana Mint Roll. These coins missed the process at the mint which makes the coins shinny. I will be doing another story on these coins in a few days. I need to research and find information on the BLACK nickel. This information will help me explain the missed process.
Ok your probably wondering what this has to do with the pictures I have posted of Lincoln Wheat Pennies. Well it got me in gear to do a series of writings on some of my prized error coins in my collection.
Wheat Leaf Pennies are my passion. I have collected them since I was 8 years old and liked the look of the wheat stalks on the reverse of the coin. At on time I had a wheelbarrow full of these coins. I wanted to narrow my collection down to what I thought was most valuable so I started studing ERROR coins. I narrowed my Wheat Leaf Collection down to just the errors. While doing this I kept running across the ones pictured. I thought they were just damaged coins and almost got rid of them. As I ran across more of these and the damage being similar I started setting them aside. I looked at everything I could about ERROR coins and finally ran across an article from PCGS (major grading and certification company) about Struck on Feeder Finger Error Coins. I looked at the coins and noticed the damage was similar to what was on my coins. The Struck on Feeder Finger Errors are very rare because it is a visible error and was usually spotted then destroyed. Few of these coins made it into circulation.
This ERROR occurs when the Feeder Fingers get caught in the striking of the coin. The fingers are then struck into the coin. This can be caused by a coin getting stuck in the collar and not getting ejected when it is supposed to.
I keep my eyes open for this error as it is very rare. I have found these errors mostly on the Lincoln Wheat Leaf Penny. However I have an old Barber Quarter with this error as well as a couple of early 1900 nickels. After 30 some odd years of looking for these types of errors I have only found about 10 coins.
I will be sending all these coins to ANACS for grading and certification. Once graded and certified I will put them on a Heritage Auction. I will be doing some followup stories on my error coins later in life. This will show you how can be made by holding onto coins that just don't seem right. They hold value to collectors.
I am looking forward to doing an article about the process of grading and then getting the coins to auction. I will be including all that is necessary to get your coins to the grading companies, cost, insuring coins and how to package. Once that process is completed, I will walk you through the process of getting the coins to auction where you can get what your coins are worth...
Mahalo Everyone, have a fantastic week,
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