Waffle cancelled coins rare of garbage?

fcloud

I read an article on the set of waffle cancelled coins that went on sale on ebay. There was a coin of each denomination. I feel these coins are simply trash or scrap metal. These coins are not really protected after they leave the mint. They have no cash value, and were cancelled to prevent their usage as money. Some of these pieces of scrap metal sold for over $200. I suppose the next step is for someone to develop some sort of equipment to turn regular coins into waffle scraps and sell them as cancelled coins. If somene takes a hammer and smash it into a few coins, can they be sold as oversized coins. LOL!

kranky

They are garbage to me. The mint considers them scrap metal, so I suspect these could easily end up for sale as novelty items just like the bags of shredded currency that get sold all over the place.

I can easily imagine these showing up by the boatload if there is decent interest in them. I'd think the Mint would sell scrap metal such as this to the highest bidder, and then they can do whatever they want with them.

291fifth

They are nothing more than scrap metal. Watch for the market to be flooded with them in short order.

rottnrog

I feel sorry for the bidders who paid those outrageous prices for them. I am sure a lot more of them will show up because as was said, they are scrap!! Maybe the mint should start selling sets of them and making some money on them also!!!!

michael

Maybe the mint should start selling sets of them and making some money on them also!!!!

as per the above the person who posted this above me

what a great idea!!!!!!!!!!!!!

this would be good collectable for the mint to sell


michael

cladking

There are designs in the waffling. These "designs" are primarily just for the
rollers to get a good grip on them but they may be identifiable. Eventually
these will probably be distressingly common but some people hate to wait.

kranky

CW reports this week that the Mint has no interest in the disposition of these cancelled coins. They get returned to the two companies which manufacture the blanks for the Mint, and the Mint is credited for the value of the scrap metal. The Mint said that once the Mint is credited, they are out of the picture.

So apparently the companies can do whatever they want with them. Some entrepreneur ought to contact the two companies and arrange to handle the sale of these.

fcloud

The way the mint has handled this should make these thing worthless! Anyone should be able to get them once these companies don't need to handle them as assets.

LUCKOFTHEIRISH

I think the mint is trying to put a stop to the error market. Perhaps, if they sold syrup with those waffled coins people may develop a taste for them.

cladking

A collection of these with obsolete types being canceled might be a little more interesting.
I believe it's a Dutch firm that makes this equipment so it's probably possible to run just
about anything through it.

Coin Finder

I think they are garbage, because that is where they were found I suppose. I have heard that these "waffles" can be duplicated by machinery outside the mint.

I really do think they are worth anything but melt to me.

Tbig

atomic

I'm gonna take a bunch of new pennies, hit them with a hammer and sell them on ebay for five dollars each as Rare Hammer Pennies. Gross margins in the 90s and plenty of folks to buy 'em, I'd guess.
Atomic