The E-Sylum:  Volume 10, Number 50, December 9, 2007, Article 18

DENVER POST ARTICLE ON THE LETTERED-EDGE SACAGAWEA DOLLAR

[The Denver Post ran an article this week about the local
man who discovered a Sacagawea dollar lettered in error
on the edge.  -Editor]

Andrew Moores tossed a Sacagawea coin into a dish on his
desk and forgot about it - until a few weeks ago when he
realized he possessed a treasure.

Moores had a golden dollar with "In God We Trust" encircling
the edge of the coin, which was struck in 2007 at the Denver
Mint.

Those words are the hallmark of the new presidential dollar
coins, not the Sacagawea. And so far, Moores' Sacagawea is
the only one of its kind.

"I kind of feel like I won the lottery. It's that much of
a rarity," said the 23-year-old data-entry technician
from Lakewood.

After examining the odd dollar, he sought the advice of
a friend who collects coins.

His friend found out that Professional Coin Grading Service
in Newport, Calif., had a $10,000 bounty on such a coin.
The PCGS authenticates rare coins and offers cash for new
discoveries.

After Moores spoke to the president of the company, he
packaged his prize in a FedEx box, insured it for $50,000,
and shipped it off for examination. The company verified
the coin's authenticity and sent Moores a $10,000 check. He
gets to keep the coin, too.

In 2000, some Sacagawea coins were struck so that there was
a "quarter die on one side and a Sacagawea die on the other,"
said Mike Faraone, an expert on error coins at the PCGS. "I
think about 10 came out, and one of those sold for $65,000."

Michael White, a spokesman for the U.S. Mint, said officials
are aware of the reported error and are looking into it.

The PCGS believes the next major error might be an overstrike
with both the Sacagawea and presidential designs on the same
coin. That will be worth a $10,000 finder's fee, too.

To read the complete article, see:
Full Story

  Wayne Homren, Editor

	coinbooks.org Web

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