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Mints new gimmick - Adams double edge lettering
Snowman24
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Has anyone noticed all the Adams double edge lettering dollars offered for bid on ebay from the Michigan area of the country?
Just like Florida had the smooth edge Washington dollars - now its looks like Michigan might have the double edge lettering dollars.
Anyone from Michigan looking ? Maybe the mint wanted to make sure there was no dollars coin leaving with blank edges - now just strike them double - Maybe a bin got double edge struck ?
Just like Florida had the smooth edge Washington dollars - now its looks like Michigan might have the double edge lettering dollars.
Anyone from Michigan looking ? Maybe the mint wanted to make sure there was no dollars coin leaving with blank edges - now just strike them double - Maybe a bin got double edge struck ?
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Maybe in a few years, Coke will start making flat drinks as a gimmick. Maybe the cable company will start disrupting your cable periodically. Maybe gas stations will start putting a little water in their gas, to gain publicity...
Yeah, right. It's crappy process management/quality control, not a gimmick.
<< <i>I love how people think that ridiculously poor quality control is a gimmick.
Yeah, right. It's crappy process management/quality control, not a gimmick. >>
Sounds more like an error to me.
Liberty: Parent of Science & Industry
<< <i>I love how people think that ridiculously poor quality control is a gimmick.
Maybe in a few years, Coke will start making flat drinks as a gimmick. Maybe the cable company will start disrupting your cable periodically. Maybe gas stations will start putting a little water in their gas, to gain publicity... >>
When most other entities have shabby quality control, the items are junk and get returned as useless and worthless.
When the Mint does it, it's an "error" coin and worth more money (usually) than a coin with top-notch quality control.
Bad quality control can stimulate demand in the Mint's products, but lose market share in other businesses.
So comparing the Mint to Coca-Cola or the cable company doesn't quite work.
[Edit to add: I'm not saying these are intentionally produced, just that the comparison of coins to Coke doesn't work.]
<< <i>It's kinda of sad that with 21st century technology the mint can't produce what they could in the 19th and 20th century. Although this is a high speed process I expected more.
here here
<< <i>I love how people think that ridiculously poor quality control is a gimmick.
Maybe in a few years, Coke will start making flat drinks as a gimmick. Maybe the cable company will start disrupting your cable periodically. Maybe gas stations will start putting a little water in their gas, to gain publicity...
Yeah, right. It's crappy process management/quality control, not a gimmick. >>
Yep, people for some reason think that the mint pumps errors out to make some profit off of them. The mint makes a certain amount of coins under law and that is that. They make no extra funds whether there are some spectacular errors made or zero errors made.
<< <i>The mint stated they were going to make 300 million coins of each 4 presidential coins and 1 Sac for every 3 prez coins I think. They realize the attitude of the American people concerning dollar coins. With the massive amounts of coins they will have and the storage they will have to arrange for these coins I think yes they would find creative ways to move these coins. >>
The mint doesn't "store" the coins. They make then and send them to the Federal Reserve (I believe) banks. They then are shipped to other banks and so on and so on. Banks will be storing them anyway no matter how many are made and what kind or errors are accidentally made. People could buy up thousands and thousands or rolls and search them and when they are done, right back to the bank they go.
Error coins do not affect the mint at all.
"mint's new gimmick"
LOL
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
<< <i>You know that in 30 years the mint will find the hidden hoardes on Presidential dollars stored in a back room. >>
The mint doesn't store coins do they? I thought that they made them per order from the U.S. government and they shipped them out to the banks. Is this not correct?
<< <i>
<< <i>You know that in 30 years the mint will find the hidden hoardes on Presidential dollars stored in a back room. >>
The mint doesn't store coins do they? I thought that they made them per order from the U.S. government and they shipped them out to the banks. Is this not correct? >>
LOL, they are still selling 2001 Kennedy half dollars. I have been saying it for about three years
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
<< <i>
<< <i>
<< <i>You know that in 30 years the mint will find the hidden hoardes on Presidential dollars stored in a back room. >>
The mint doesn't store coins do they? I thought that they made them per order from the U.S. government and they shipped them out to the banks. Is this not correct? >>
LOL, they are still selling 2001 Kennedy half dollars. I have been saying it for about three years
Sure they have some for collectors and sell them from their site but they don't store millions of Lincolns and Jeffersons and such for commerce. I imagine the number of coins that the mint has "stored" is pretty miniscule compared to the amount of coins produced each year.
The mint normally doesn't store coins and to my knowledge, the only coins that are stored are due to an oversight by Congress in passing a law to melt down the unsold items. This is amusing to me and please do not take this as any personal laughter towards you. I laugh about the blunder at the mint. And the "gimmick" line was especially funny.
I also think some millions of Sacagaweas from 2000 or 2001 are sitting in storage for the same reason.
Joe
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
<< <i>I agree Offcenter.
The mint normally doesn't store coins and to my knowledge, the only coins that are stored are due to an oversight by Congress in passing a law to melt down the unsold items. This is amusing to me and please do not take this as any personal laughter towards you. I laugh about the blunder at the mint. And the "gimmick" line was especially funny.
I also think some millions of Sacagaweas from 2000 or 2001 are sitting in storage for the same reason.
Joe >>
No prob. I didn't take any of your posts personal at all. The "gimmick" like always cracks me up too. Then it starts to actually bother me a bit.
<< <i>I love how people think that ridiculously poor quality control is a gimmick. Maybe in a few years, Coke will start making flat drinks as a gimmick.
Yeah, right. It's crappy process management/quality control, not a gimmick. >>
Although I agree with your argument that this is not a purposeful gimmick, I disagree with your statement that the mint has poor quality control. do you have numbers to back up your statement? If not, I respect your opinion. I don't have numbers to back up my opinion that that quality control and process management at the mint is really quite good. I'd like to see a real-data comparison to some of the best companies in private industry.
--Jerry
Mint sent word to production floor.......NO MORE MISSING EDGE LETTERING!!!!
Whenever the edge lettering machine hic-cups and a random coin slips through with missing or incomplete lettering they likely grab it along with others on top of catch bin and run them through again. Bad news.........none with missing lettering................Good news...........lots of doubles!
<< <i>I also think that anyone who doesn't suspect that doubled edge and plain edge dollars were intentional is being naive. >>
So you think the Mint Director told an employee "Hey, be sure you run that bin of coins through the edge lettering machine twice."? What person issued the order to deliberately release error coins? Maybe the Mint Director is taking orders from the Trilateral Commission--or maybe from the Illuminati.
Conspiracy theorists need to go to Wikipedia and look up Occham's Razor: the easiest, most obvious answer is usually correct.
As another poster said, the Mint strikes however many coins the Federal Reserve tells them to. They then ship the coins to the Federal Reserve, who is in charge of storing them (the Mint may store "collectible" coins, but regular business strikes go straight to the Fed, iirc. Thus there is little immediate incentive to "mess up" the coins in hope of spiking demand (unless you believe that this conspiracy is planned out decades in advance).
<< <i>I disagree with your statement that the mint has poor quality control. do you have numbers to back up your statement? If not, I respect your opinion. I don't have numbers to back up my opinion that that quality control and process management at the mint is really quite good. >>
Jerry, you have an excellent point. The Mint makes tens of billions of coins with relatively few errors (just as the Post Office delivers tens of millions of letters and packages with very, very few losses). I should not have implied that the Mint has poor quality control, because you are clearly correct. I should have said something along the lines of "An oversight by the Mint's quality control department..."
<< <i>also do not forget that if they do mint 300 million and 150 million go into collections and are never 'paid off' by the US, they make $150 million. >>
I really try not to take either side on this and as a somewhat newbie to the board I might take a flogging for the opinion. There are a lot of people hoarding up mint NF Strings and Sons rolls in private collections in the hopes that they will appreciate in value due to the errors. This means that this money is out of circulation and the government does not have to back it up while it is being hoarded..... Correct me if I am wrong but doesnt this sound like it would be good for the US Mint/Fed Reserve? Anyone else have an opionion on this?
You wouldn't believe how long it took to get him to sit still for this.
<< <i>When most other entities have shabby quality control, the items are junk and get returned as useless and worthless.
When the Mint does it, it's an "error" coin and worth more money (usually) than a coin with top-notch quality control. >>
In how many areas of life do people prefer mistakes?