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What price do you put on error?


nickel170What you would do if a 1936 nickel came into your hands struck on an underweight bronze planchet?

If you are Louis Bonaceto of the Precious Metals Store in Coconut Creek, Fla., you listen to the story about the original owner who is a descendant of a Mint worker in the 1930s and that the coin had been in the family ever since.

Then the coin was shipped off to the Professional Coin Grading Service to be graded and authenticated. The grade came back as MS-62 Brown with a notation that it was struck on a Nicaraguan bronze 1-centavo planchet weighing 3.88 grams. A nickel weighs 5 grams.

Bonaceto says he is trying to determine a price. This is the best example known. An AU-55 example, he said, was once on the market for about $20,000, but did not meet the reserve. Contact him at mohound@hotmail.com

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