Is this 1 oz. Platinum Unc. coin an error coin?

I'm not sure if this is an error or part of the original design and I thought those that collect platinum might know.
Looking at the 9-12 o'clock position you'll see what looks like another raised edge paralleling the rim. What is that? I've checked the internet for pictures from others portraying the same coin and they don't show this particular characteristic. So what do you think? Is it an error or isn't it? Any input is welcome.

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Permalink Reply by True Money on September 1, 2009 at 10:52pm

I commonly see this on circulating coins all the time. I would attribute it as an error, but not one commanding high value. However, I don't know exactly how to classify it. I think it would most appropriately be classified as a coin struck with clashed dies. This specific type of strike or phenomenon usually occurs when the planchet is not secure within the retaining collar and shifts suddenly to one side during the minting process, the dies are not in a perfect agle to each other, or the planchet is flawed. Sometimes, parts of the image on one side of a coin can be visible on the other side. Those errors can command a little more.

-True Money!

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Permalink Reply by stgecko on September 2, 2009 at 10:35am

Well my original plans were to hang on to the coins for the duration. So I think I'll stay with that mind set even if the coins are defective. I'll keep looking for platinum error coins to see if I can find anyone with the same problem and if so did they sell theirs and for how much. I'm also going to take them to my local coin dealer, whom I consider quite knowledgeable, to see what he thinks. I did buy these when platinum was bottoming out around 1050$, if memory serves. That was one of two reasons I bought them. Investors say buy low and sell high so I thought well we're certainly at the low and it's an extremely low mintage to boot.

Thanks so much for your comments True Money and Frank Charly!

True Money said:

I commonly see this on circulating coins all the time. I would attribute it as an error, but not one commanding high value. However, I don't know exactly how to classify it. I think it would most appropriately be classified as a coin struck with clashed dies. This specific type of strike or phenomenon usually occurs when the planchet is not secure within the retaining collar and shifts suddenly to one side during the minting process, the dies are not in a perfect agle to each other, or the planchet is flawed. Sometimes, parts of the image on one side of a coin can be visible on the other side. Those errors can command a little more.

-True Money!