A double clipped planchet is a coin the has two missing sections. The clips are made before the coin is pressed. When the sheets of metal are cut during the coining process they try to make each circle as close as possible for efficiency. Sometimes if the rolled sheets skip, bend, or gets stuck the cutting overlaps. So a cut section gets cut again and you have an error known as a clipped planchet.
These are very small clips and usually only those that are missing 10% or more carry high values. Not that these are common but among clipped planchet errors these are not as collectable.
Here are two great links discussing the error in detail. First from a Coin Talk forum page and another from a Fluer-DeCoin article. Found this error in my change and the only surprise is that it lasted that long without anyone else taking it. I am guessing it is such a minor error that it stayed unnoticed.
Value is going to be pretty low since it well circulated and less than a 10% clip. Still a double clip is neat and not my first but probably the most obvious. Straight clips and ragged clips are also found in change but when less than 10% they are difficult to verify.
Here's the stats for this error coin...
Type/Country: 5 Cents / United States
Year: 1964-D
Metal: 75% copper 25% nickel
Mintage: 1,787,297,160
Value: $5.00 in VF-20
Do you have a nickel and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.
