2004 Silver Eagle Mint Error

[AquaBob]

Hello..
I recently found what was abviously a mint error on a 2004 $1 Silver Eagle that I had purchased as a bullion coin. I am new to coin collecting and even newer to the world of error coins.

After finding this error coin I joined a few online forums and posted pics of the coin in the hopes of it being identified and to find out just how scarce these errors are. No one had seen a coin like it before, and answers were very hard to come by, so I decided to send it off to ANACS in the hopes that they could determine the cause of the error.

The error on this coin only shows along the edging, with no sign of double striking on the obv or rev. I was told that it resembles a Partial Collar error, but couldn't be because the reeding was on both 'levels' of the edge.

The designation ANACS gave to the coin is:
2004 $1 MS-63 DBL STRUCK 2ND STRIKE PART OUT OF COLLAR

I have included a picture of the coin's edge prior to it being encapsulated.
sidepic.jpg

Has anyone ever seen another error coin like this? If so, do you have an idea of it's rarity or potential value?

Also, I have never heard of the description that ANACS gave to the coin. I understand the Double Struck aspect, but I don't understand how or what they mean by "2ND STRIKE PART OUT OF COLLAR" Has anyone seen this description on a coin before, or could maybe explain what they mean and how this error could have occured?

This coin has me intrigued and I would like to find out as much as possible about it, so any information provided would be greatly appreciated.

thank you!

[diamond]

I agree with ANACS. The edge of the coin demonstrates that the first strike was fully in-collar, while the second strike had the collar partly deployed -- a partial collar, in other words.

[AquaBob]

Thank you so much for the reply. I think that makes a bit more sense to me now. I appreciate the info.

I haven't come across many other Silver eagle error coins while searching the web, so I'm kinda clueless as to their rarity. Have you seen any other Silver Eagles with this error? I'm certainly not sure I want to sell, but what price range do you think this coin could fetch on ebay now that it's certified?

Thanks again!

[diamond]

Double-struck silver eagles are quite rare in my experience. I suspect it's worth at least $200, perhaps significantly more. Since the double-strike is not visible face-on, and since the edge is hidden by the slab insert, it doesn't have a lot of eye appeal.

[AquaBob]

Thanks again for the reply!
You're absolutely right. It doesn't have a lot of eye appeal now that it's been encapsulated. The error is all but impossible to see.
I have seen the holders for the missing edge lettering $1 coins that show off the coin's edge. Do you think it would be worhtwhile to send it to NGC or PCGS to be re-graded into one of these type holders? Is that even a possibility?

[diamond]

No harm in asking. The insert they use for the Presidential dollars would certainly allow the edge to be visible. Honestly, though, I don't know if a slab would make the coin worth more than it would be in its raw state. These sorts of errors are just not faked.