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PCGS Confirms Clipped Planchet Jefferson $1 Errors

- October 11, 2007


2007 Jefferson Clip - Obverse
(Newport Beach, California) – Would a damaged dollar be worth only 96.5 cents if 3.5 percent of it is missing? When it’s a clipped planchet error it’s worth more than a buck.

Professional Coin Grading Service has certified two of the recently-released 2007-D Thomas Jefferson dollar coins with nearly identically-located 3.5 percent, semi-circular planchet clips.


2007 Jefferson Clip - Reverse
“Both coins were discovered in a government-sealed ‘first day of issue’ box as part of a bulk submission sent in by someone who wants to remain anonymous. The graders were surprised to find not one, but two Jefferson dollars with curved planchet clips along the top left edge of the coins when viewed from Jefferson’s portrait,” said Ron Guth, PCGS President.

One coin was graded PCGS MS-66, the other was MS-67.

A clipped planchet, also known as an incomplete planchet error, occurs during the minting process when the coin blank (planchet) is not correctly punched out from a strip of metal. The clip can be curved or straight depending on where it occurred on the strip. In some cases, a planchet clip also can be caused when a struck coin is not properly ejected from the coining press.

“The clipped planchet Jefferson dollars certainly are interesting to see. Someone jokingly suggested that because 3.5 percent of each coin is missing they might only be worth 96.5 cents. But we all know that nice error coins are worth considerably more than face value,” said Guth.

PCGS is a division of Collectors Universe, Inc. (NASDAQ: CLCT). For additional information about PCGS, call Customer Service at (800) 447-8848 or visit online at www.PCGS.com.



Article provided by PCGS at www.pcgs.com

 
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