squashed 1/4 britannia proof - error coin?

[oooootini]

Hi,

While checking on some coins i noticed that a 1/4oz britannia proof was faintly double stamped, and then found it was stuck in it's capsule.

After breaking it out with some pliers, i found it had been squashed too.

Looking for opinions on whether the error adds any additional value as an oddity, or does it remain just a squashed britannia at spot'ish?

Thanks.

[richatthecroft]

If it were mine, I'd be taking the opportunity in cashing it out at Spot right now- but what do I know- maybe list it on eBay as an  'error' 'rare' coin? 

[oooootini]

15 minutes ago, richatthecroft said:

If it were mine, I'd be taking the opportunity in cashing it out at Spot right now- but what do I know- maybe list it on eBay as an  'error' 'rare' coin? 

thanks, might as well keep if still just bullion, i want more not less. 

[richatthecroft]

11 minutes ago, oooootini said:

thanks, might as well keep if still just bullion, i want more not less. 

Don't take my word for it-  @Roy or  @Pete would be much more educated on Britannia coins.

[Roy]

I wouldn't say it's an error coin, more a reflection of the Mint's poor quality control.

It's still worth its weight though 👍

What year is it?

[StackerNoob]

Looks to be a sort of double strike, the coin didnt take properly on the first so they smashed it again and said that'll do. Poor for a proof coin.

[oooootini]

4 minutes ago, Roy said:

I wouldn't say it's an error coin, more a reflection of the Mint's poor quality control.

It's still worth its weight though 👍

What year is it?

Thanks, it's a 2005.

[Roy]

16 minutes ago, oooootini said:

Thanks, it's a 2005.

Oh, that's a shame.

I hope you bought it right and not paid a premium.

The 'double stamping' is curious isn't it?

 

[sovereignsteve]

I think the double struck edge reeding is fascinating. You want to sell it?

[Stuntman]

Some people like and collect error coins like these.  If it were mine, I'd definitely call it an error coin and be looking to sell it as such for a premium.

 

[sovereignsteve]

Not an error as such, only in so far as it was a breakdown in the correct manufacturing process; a mis-strike.

[oooootini]

appreciate the comments, i'm fine with it as was only ~4% over spot last year.

no real interest in selling, agree probably worth a punt on ebay as a rarity, if i could be faffed.

that said though, feel free to pm a persuasive offer for a "unique" coin.

cheers.

[Arganto]

The Royal Mint are really getting good at creating 'unique' bullion coins, now they're moving into proofs! 

[oooootini]

would ngc grade it as an error?

similar to:

https://www.ebay.co.uk/itm/1974-G2R-South-African-2-Rand-Gold-NGC-MS66-Mint-Error-Partial-Collar-Strike/293174094321?hash=item444289a9f1:g:rKMAAOSwVZBdQxMK

[sovereignsteve]

Maybe, better ask Numistacker