POLL!!!! Sac edge lettering?? was it an error??? yes or no
rbalderman1
Posts: 634
Do you think that it was an error or was done on purpose? yes if mint error, vote no if was notan error.
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The super secret Mint Fabrication Department works only late at night making error coins and numismatic delicacies for politically favored wealthy clients. Sometimes these clients, who are so wealthy that money has no meaning, spend the errors at the local 7-11 or WaWa, and that is how they fall into the hands of commoners.
Here’s a really secret thing, so don’t tell anybody – the Mint Fabrication Department also makes thin mints, peppermints, mint juleps, and spearmint (but only for warriors).
Ding -- ding...ding.....oops, time for the meds...
I'm thinking someone at the Denver Mint is doing a lot of the errors intentionally cause he/she likes to see collectors foaming at the mouth!
The name is LEE!
Yes, it's a conspiracy - a conspiracy of reality. That's how things work.
If I did find one, I sure as hell wouldn't sell it for 10k, to PCGS.
How many have turned up? 1 or 2 that I know of.
Isn't one of anything worth Moon money?
Life member of ANA
Box of 20
Box of 20
<< <i>I still think it would be hard to pull off by a mint employee. He would have to place the coin in the incused letter edge machine. How are these set up at the mint and are they accessible by mint employees since my guess is that they are mass produced. There must be quite a few of these. >>
I've never been there but I've been around a lot of industrial machinery. Usually things set up to do millions are not friendly to single part production, not to mention retrieving it afterwards. Now perhaps an empoyee threw the sac into the bin just to create excitement or to embarass his superiors not expecting to ever retrieve it for his own personal gain. But my guess is there is probably a security camera or two installed there. --jerry
You're correct. PCGS did not BUY the coin;
they paid $10,000 for the honor (and publicity!)
of certifying the first one, as the "Reward" states.
The owner rec'd the coin back, in a PCGS holder,
with a check for $10K
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 eyebrows raised," Moores said. "He knew it was quite an aberration. He said it was a major error."
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.
No one has ventured a guess as to what the coin is worth, said Moores.
"Since, at present, it is thought to be one of a kind, it really is worth as much as anyone is willing to pay for it at this time."
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."
In contrast, hundreds of presidential dollars struck without the "In God We Trust" edge are selling for up to $300 online.
Faraone said the U.S. Mint has procedures to prevent errors from happening — and from leaving the building. The U.S. Mint, which produces 40 million coins a day, recycles error coins and misstrikes.
But the measures aren't foolproof.
"They strike so many coins that sometimes they get stuck in bins, in the cracks and crevices, so they get mixed up," Faraone said.
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.
Linky
San Diego, CA
I just read that the 2007-D Sacagawea Dollar coin with edge lettering sold in July 2018 at Great Collections. It was a PCGS MS62 and sold for $17,161. The article said the hammer price was $15,601 and the 10% buyer's fee was $1,560. 59 bids were given by 9 bidders. I do not think they disclosed who the seller was, so it may not have been the original finder. (Moore?) I'm not used to sending the forum messages, I hope this is in the correct place. Eff
My message is about 11 years late. Ha. Eff
Excellent use of the search function!
I had never heard of this... are there many known?
Collector, occasional seller
@Eff ....Welcome aboard.... and thanks for connecting your information to the old thread....Cheers, RickO