The Verdict on Worth. By inserting the oil packet, the mint technicians can see a clear, marked impression on the coin-like planchet.
Oil Filled Ballots Auction Prices History: Valuing Rare Specimens
The name "oil filled" refers to the practice of inserting a small, often rectangular, oil-filled pouch into the coin press alongside the metal blank. The purpose of this oil pouch was to create a specific indentation or mark on the test coin, verifying that the press was applying the correct force to strike the design properly onto the actual currency blanks.
How to Identify Genuine Pieces Because of the niche nature of these items, there is a market for reproductions and misidentified coins. Grading is also a critical factor; a coin authenticated and slabbed by a reputable service like PCGS or NGC will command a premium over an unverified piece due to the guarantee of authenticity and condition.
Oil Filled Ballots Auction Prices History and Market Value
Authentication from a grading service is the best way to confirm the legitimacy of the piece. Common examples from major mints might be valued in the hundreds of dollars, while rarer specimens from smaller mints or with unique characteristics can fetch thousands at auction.
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