The E-Sylum:  Volume 10, Number 10, March 11, 2007, Article 20

SOME DOLLAR COINS MISSING EDGE LETTERING

The Associated Press published a widely-reprinted article this week
about the missing edge designs on some of the new dollar coins:

"An unknown number of new George Washington dollar coins were
mistakenly struck without their edge inscriptions, including 'In God
We Trust,' and made it past inspectors and into circulation, the U.S.
Mint said Wednesday.

"The properly struck dollar coins, bearing the likeness of George
Washington, are inscribed along the edge with 'In God We Trust,'
'E Pluribus Unum' and the year and mint mark. They went into
circulation Feb. 15.

"About half were made in Philadelphia and the rest in Denver. So
far the mint has only received reports of error coins coming from
Philadelphia, mint spokeswoman Becky Bailey said.

"Bailey said it was unknown how many coins didn't have the inscriptions.
Ron Guth, president of Professional Coin Grading Service, one of the
world's largest coin authentication companies, said he believes that
at least 50,000 error coins were put in circulation.

"'The first one sold for $600 before everyone knew how common they
actually were,' he said. 'They're going for around $40 to $60 on eBay
now, and they'll probably settle in the $50 range.'

"'We are adjusting the manufacturing process to try to eliminate
the problems,' she said."

To read the complete Associated Press article, see:
Full Story

[Reuters published an article Thursday quoting Bob Hoge
Interestingly, the article misspells "die" as "dye".
-Editor]

"'In God We Trust. In machines? Not so much.

"An unknown number of new U.S. $1 coins bearing the image of George
Washington are missing the words 'In God We Trust' and other lettering
along the edges, the U.S. Mint said on Wednesday.

"'The United States Mint understands the importance of the inscriptions
'In God We Trust' and 'E Pluribus Unum' as well as the mint mark and
year on U.S. coinage. We take this matter seriously,' the statement said.

"Robert Hoge, curator of North American coins and currency for the
American Numismatic Society, said that collectors find coins with a
mistake like this, known as a Mint error, desirable when a relatively
small number are in circulation."

To read the complete Reuters article, see:
Full Story

  Wayne Homren, Editor

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