With all the hype, why aren't we seeing more Wisconsin errors?

bennyb

With all the pooh-poohing on this board, I think it's interesting that reports aren't flying in from all over the country.
100,000 from a die pair? Where are they?

Just curious on the latest thoughts.

zzzz

In circulation ...

goose3

there's always quite a few listings on ebay at any time. Since I started merely watching there have been probably an average of 60 auctions at any given time.

cladking

It will usually take years for the entire output of a coin to reach circulation. Until then
we can only speculate if there are others or not. Most of those found to date have
come from the Tucson area but it would be at least a little unusual for a variety to be
released in its entirety in a single area.

At this point only about 30% of this coin has probably been released though some un-
released coins have probably been spot checked.

ChangeIsGood

IMHO: My understanding is 40 to 50000 per die before the quality fades and dies are pulled. I think the mint cought the error and pulled the dies. Maybe scraped part or all of a bin full but some had already made it to packaging. I am sure there are some in circulation but not tens of thousands. The mint is a government institution so I would be supprised to get a straight answer from them. At least not for many years.
I do have a question to put out there.
I know value is based on many things besides interest, condition and quanity but would these coins be worth more if there were 5000 of them or 50,000. One would think 5000. I can see both sides to it but just curious on past error coins.

cladking

<< <i>
I do have a question to put out there.
I know value is based on many things besides interest, condition and quanity but would these coins be worth more if there were 5000 of them or 50,000. One would think 5000. I can see both sides to it but just curious on past error coins. >>



There's no way to really know the answer to this question, but to get widespread interest
among the masses there will need to be enough that many people can have one but not
enough that the demand is completely satisfied. Probably to achieve the highest price over
the next several years this would mean somewhere in the 30,000 vicinity. It would also be
helpful if a significant number of these escape into circulation.

Quarter dies can strike up to a half million coins.

TerrapinWill

I was wondering something, that is unrelated to the value or quantity of the coin. If it was determined that an employee of the mint deliberately did this (as I have seen some suggest), would the Treasury Department attempt to get them back. Are there any potential legal implications for someone in possession of the coins if they were deliberately and illegally made? Just wondering as I have little knowledge of the law in this area.

Steve27

" I was wondering something, that is unrelated to the value or quantity of the coin. If it was determined that an employee of the mint deliberately did this (as I have seen some suggest), would the Treasury Department attempt to get them back. Are there any potential legal implications for someone in possession of the coins if they were deliberately and illegally made? Just wondering as I have little knowledge of the law in this area."

It would not be feasible to try to get these back even if they wanted to. Additionally, since they never went after the Sac/Quarter mules, of which I think there were only seven, I'm sure that these are of little or no interest.

ChangeIsGood

They can have mine back for $1000 each. lol

The quarters are legal tender and I doubt there would be any legal standing on demanding them back unless they were all stolen from the mint. Should look to see if Denver has some help wanted signs out. If employees did this,( on purpose or not), I am sure heads are rolling. Besides, it puts interest in collecting and the mint sells at above face value. Also, I would hope there are more pressing problems for the government agencies to be handling than protecting us from an extra leaf or (husk). Be right back, some people at the door.

pharmer

It's us! We just wanted to say

anoldgoat

<< <i>I was wondering something, that is unrelated to the value or quantity of the coin. If it was determined that an employee of the mint deliberately did this (as I have seen some suggest), would the Treasury Department attempt to get them back. Are there any potential legal implications for someone in possession of the coins if they were deliberately and illegally made? Just wondering as I have little knowledge of the law in this area. >>



JMO but the mint released these as legal tender. I don't think they can recover them regardless of how they came to be.

BAJJERFAN

I would guess that production of these was limited to a few thousand and at most these were contained in 2 or maybe 3 LARGE forklift bags that went to the Federal Reserve System. The large forkliftable bags then went to one or two banks or other firm that wraps rolls of coins for circulation. This would explain why the distribution is so limited and why no full 50 coin rolls have been found.

bennyb

Bump for any other comments... night crowd?

Murphy

Well, the government isn't in the business of counterfeiting quarters, so if they release it, then it is real and nobody will get into trouble for having them. But just to be safe, if someone in a dark suit and sunglasses shows up at your door and asks for your extra leaf quarters, then you better give them to the nice man.

Bochiman

<< <i>IMHO: My understanding is 40 to 50000 per die before the quality fades and dies are pulled. I think the mint cought the error and pulled the dies. Maybe scraped part or all of a bin full but some had already made it to packaging. I am sure there are some in circulation but not tens of thousands. The mint is a government institution so I would be supprised to get a straight answer from them. At least not for many years.
I do have a question to put out there.
I know value is based on many things besides interest, condition and quanity but would these coins be worth more if there were 5000 of them or 50,000. One would think 5000. I can see both sides to it but just curious on past error coins. >>



I was talking to a co-worker yesterday and this is what I was thinking had happened as well.
I do hope some are in circulation. I also hope there are only ~10-15,000 of them

Smitty79

Well, this is my little conspiracy theory. Methinks that this whole 'extra leaf' 'upper leaf' 'lower leaf' buisness was thought up and implimented my the U.S. Mint themselves. Simply because, when the State Quarter program started, the mint created a whole new group of collectors (or pseudo collectors as some see them) to market stuff to. (i.e. slap a state quarter on a money clip and sell it for $20-$30) Well, the program is half over and losing steam. Most of the 'old fashioned' veteran collectors never gave the program a second look from the start and some of the new collectors are losing interest and abandoning the seemingly boring series. So the mint conjures up a scheme to bring the program into the spotlight. Varieties. And the mint isn't just going to spurt them all out at once, they will spread them out over time. Now, I could be completely wrong, but all this seems a little too well executed to be just a couple nefarious mint employees. Just my two cents.

Mrpawn

My thoughts have been running along the same line as Smitty 79. If this is so then there has to be enough released that can be found - over time - thus keeping everyone looking.

How many of us look at the reverse of every 37 Buff that crosses our hands. Or for that matter 69S Cents.

FullHorn

I was at the Mesa Ariz. show today and was at a table where a couple of dealers (both local and one from the Tucson area) claimed to be holding a large number of these and were "waiting to see what happens" before offering to sell.

cladking

<< <i>I was at the Mesa Ariz. show today and was at a table where a couple of dealers (both local and one from the Tucson area) claimed to be holding a large number of these and were "waiting to see what happens" before offering to sell. >>



This is always the case when varieties are discovered early. There will be a few
who can locate numbers of them and some who will buy them from the finders.
Usually if the coin is popular these hoardes will be dispersed early and if not then
the price will be lower and the hordes last longer.