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The fact that that exists could simply have been the result of a process to test the reaction of the base metal with the gilt to see how it would hold up. · because you own a gilt planchet (which is way cool btw) does not necessarily mean that the planchets were gilded and then struck. · coin collecting (or hoarding) was more common at the time than most collectors would suspect since all we really hear about these days are the well known and wealthy collectors of the gilded age. Does anyone have any information on the fairmont collection that can be shared? · the surfaces, in terms of the original surface which the silver coin used to have prior to being gilded, are already destroyed. · looking up the definition this morning, i find it spelled both ways. Gilted and gilded. The coin would most likely have been chemically cleaned prior to the electroplating or whatever technique was used to apply the gilding.