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2 euro Greece 2002 s Mid shifted

Started by Andre, August 24, 2022, 12:12:52 PM

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Andre

Hello. 
I have a 2 euro coin from 2002.  Greece with s in the star. 
The middle of a coin made of another metal is displaced by 0.5 mm. 
Is this the norm or a marriage that increases the value of the coin?







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Figleaf

The S in the star is a mint mark. S stands for Suomi (Finland), where the coin was struck. Mints may make their own flans (blank coins) or sub-contract them to a third party

This coin was made with a process in which the ring (outer part) and the pill (central part) blanks (before striking) were produced separately. The coin press is fed with rings and pills. The pill drops in the ring. When the coin is struck, the two parts expand, fitting the pill into the ring and making sure that the designs is continuous, without interruptions on both parts.

On your coin, the knife that cut the central hole of the ring shifted. There are two possibilities. Either the knife was mounted on a shaft that got knocked out of shape in a previous incident, so the knife was askew and ex-centric, or the ring shifted slightly in the press when the central hole was cut, because it was not properly held in place.

In both cases, as long as the pill would fit into the ring and sunk correctly in the central hole, the coin could be struck normally. It should have been noticed by quality control, but it wasn't. It is therefore a genuine mint error.

There is some demand for error coins, but it not all that much and the error is not spectacular, plus the coin saw considerable circulation, so the premium for this coin would be moderate and depressed further because you would have to search hard to find an interested buyer. Don't give up your job. ;)

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Andre

Thanks a lot.  Please direct me - where should I look for buyers for such coins?

Figleaf

There is no organised market for such coins. You have to find buyers yourself. If you are not a collector, the cost of finding a buyer will very quickly be higher than the premium on your coin. An online auction site such as Delcampe is an option. If you collect coins, look around at coin events and note who buys such coins. Take care not to anger sellers who paid for a table at the event.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.