Mike Byers Mint Error News - Rare Buffalo Nickel on 10 Centavos Planchet

1919 Buffalo Nickel Off-Metal

Struck on Argentina 10 Centavos Planchet

NGC MS 62

Extremely Rare – 3 Known

 

By Mike Byers for Mint Error News ……
 

The United States Mint struck coins for Argentina in 1919 and 1920. This amazing fully lustrous Buffalo Nickel struck on an Argentina 10 Centavos planchet was just authenticated and certified by NGC as MS 62. It is an extremely rare off-metal with only three known. It resided in an old ANACS flip and photo slab for 38 years until NGC certified it.

(I was an ANACS consultant from 2000 to 2006 for Mint Errors. ANACS was the first major coin authentication service that authenticated mint errors.)

The Mint had been striking coins for foreign countries since 1833 but did not have official authority to do so until the Mint Act of January 29, 1874 was approved and signed into law. The 1874 act states that the U.S. Mint may mint coins for a foreign country if the work does not interfere with regular minting operations, and shall prescribe a charge for producing foreign coins equal to the cost of the minting (including labor, materials, and the use of machinery).

The U.S. Mint did strike Liberia (LR) one cent coins in 1833. The Liberia one cent, in essence a token dated 1833, was struck by the Mint for the American Colonization Society. The Mint had long been in the business of striking medals for various groups and artists. In fact, the U.S. Mint was the only place to go in North America if you wanted a large-sized medal struck, since no other equipment was available that could handle the immense pressures required to strike such pieces. The prospect of the Mint manufacturing tokens, as in the case of the Liberian cents, was not a far offshoot from the medal making business. It is believed that these medal manufacturing activities led to some of the very first foreign coinage struck by the U.S. Mint.

Each coin made by the United States for another country was minted to the specifications dictated by the client country. Some of the clients of the U.S. Mint requested to be furnished with planchets to be utilized at their native mints in the coining process, as was the case with Argentina in 1919 and 1920. In the case of the Venezuelan 1 and 2½ Centavos struck in the Philadelphia in 1876 and 1877, the Mint sub-contracted out to the Waterbury Mint, owned by the Scovill Manufacturing Company, to supply planchets for foreign and regular U.S. issues. The Waterbury Mint provided the U.S. Mint with many of the planchets for regular U.S. 1¢ and pieces from 1888 to 1906.

For comparison purposes, when looking through the Heritage Auctions archive, some interesting facts emerged.

The highest price that a Buffalo Nickel struck on a Dime planchet sold for was $46,000 USD. According to Saul Teichman of uspatterns.com, there are nine documented Buffalo Nickels struck on Dime planchets.

At the FUN auction in 2020, Heritage Auctions sold a Buffalo Nickel struck on a Dime planchet in PCGS AU 58 for $14,400. Experts estimate that over 50 Buffalo Nickels struck on Cent planchets are known and highest price realized was $28,200.

As mentioned, there are only three Buffalo Nickels struck on Argentina 10 Centavos planchets known. There are four other Buffalo Nickels struck on foreign planchets, bringing the total number of Buffalo Nickels struck on any other planchet intended for a world coin to seven.

This extremely rare, fully lustrous off-metal Buffalo Nickel is worthy of the finest collection of Buffalo Nickels or U.S. Mint Errors.

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