Anybody know more about waffle coins?
pcunix
Posts: 620 ✭
These are briefly mentioned in recent Red Books under "Mint-Canceled Coins" and eBay has an article: An overview on Waffled Canceleld coins (Waffle Errors)
Has anything changed? Are people still buying these from the Mint as scrap today or is everything from prior years? Has there been any attempt to determine population (for those that can be identified, like State Quarters)?
Has anything changed? Are people still buying these from the Mint as scrap today or is everything from prior years? Has there been any attempt to determine population (for those that can be identified, like State Quarters)?
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"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
Some waffle coins are pretty cool like this 1976 Ike:
<< <i>It might be pretty interesting to have a waffled registry set since PCGS slabs these coins. >>
ya, it would be neat to see an entire post-64 type set of waffles set up as a display at a big show.
.
IMO, the market peaked and valleyed and is on the rise again as more collectors are getting into these.
I have no idea of how people get these from the scrappers, but I think it's getting harder as supplies seem to be drying up.
Here's a proof.....
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<< <i>It might be pretty interesting to have a waffled registry set since PCGS slabs these coins. >>
ya, it would be neat to see an entire post-64 type set of waffles set up as a display at a big show.
. >>
It would have to be 2003 and up, right?
When I google for these by date, 2003 turns up a lot and I get a few results up to 2009 but it seems to dwindle off. That's why I ask if something has changed?
<< <i>What are the most interesting waffle coins you've seen EOC? The Ike above is the most interesting and unique one I'm aware of, >>
I like the proofs. I like Sacagawea's. Kennedy's are cool as they are large. SBA.
I have seen a few bonded in the waffling process and wish I had bought them, but they are kinda expensive.
Here is one very rare one I own .....
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<< <i>
<< <i>It might be pretty interesting to have a waffled registry set since PCGS slabs these coins. >>
ya, it would be neat to see an entire post-64 type set of waffles set up as a display at a big show.
. >>
It would have to be 2003 and up, right? >>
Check out this 1976 that I posted above:
<< <i>It might be pretty interesting to have a waffled registry set since PCGS slabs these coins.
Some waffle coins are pretty cool like this 1976 Ike:
Is this yours, where'd you get that as I have never seen one. I'm guessing they "tested" the waffling machine with this one? Are there more that you have seen?
<< <i>
<< <i>It might be pretty interesting to have a waffled registry set since PCGS slabs these coins.
Some waffle coins are pretty cool like this 1976 Ike:
Is this yours, where'd you get that as I have never seen one. I'm guessing they "tested" the waffling machine with this one? Are there more that you have seen? >>
It's not mine and I haven't run across any others. It was discovered in a group of coins obtained by Classic Coin in 2003. You can read more about it here.
The Martha Washington and Sac are very cool EOC!
That's why I love this place, always something to
<< <i>
<< <i>
<< <i>
<< <i>It might be pretty interesting to have a waffled registry set since PCGS slabs these coins. >>
ya, it would be neat to see an entire post-64 type set of waffles set up as a display at a big show.
. >>
It would have to be 2003 and up, right? >>
Check out this 1976 that I posted above:
But supposedly they didn't buy the machinery until 2003? Red Book says
<< <i>In mid-2003, the U.S. Mint acquired machines to eliminate security concerns and the cost associated with providing Mint police escorts to private vendors for the melting of scrap, sub-standard struck coins, planchets, and blanks . Under high pressure, the rollers and blades of these machines cancel the coins and blanks in a manner similar in appearance to the surface of a waffle, and they are popularly known by that term.
>>
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<< <i>
<< <i>
<< <i>It might be pretty interesting to have a waffled registry set since PCGS slabs these coins. >>
ya, it would be neat to see an entire post-64 type set of waffles set up as a display at a big show.
. >>
It would have to be 2003 and up, right? >>
Check out this 1976 that I posted above [...]
But supposedly they didn't buy the machinery until 2003? >>
Blows the mind doesn't it? That's what makes coin collecting so fun
EOC's speculation that this was a test piece might be correct as it was acquired with a large batch of waffled coins in 2003.
<< <i>Zions, thank you for the info and link. Very awesome.
That's why I love this place, always something to >>
EOC, thanks for posting your pics as well. Love the Martha Washington and didn't know they existed.
<< <i>I have no idea of how people get these from the scrappers, but I think it's getting harder as supplies seem to be drying up.
Here's a proof..... >>
i for sure recall that sac. what a fun thread to read when it was posted before.
or at least the one thread i'm thinking of. it has probably been posted more than 2x.
.
<< <i>I believe that the Mint abandoned the practice when the market fell flat on the waffled state quarters. I don't subscribe to the eBay blog either. I've always held the belief that TPTB at the Mint tried marketing the waffle cancelled coinage to eliminate the high cost of scrapping/recycling the remainder of inventory. That concern mostly went away when mintages of all coin denominations were scaled back starting in or around the economic crisis of 2008. >>
The mint sold the waffle coins?
Any more info on that? (links or whatever) ??
Any and all info much appreciated!
<< <i>The mint sold the waffle coins? >>
My understanding is that the mint sold them, as scrap metal. These were typically purchased by recyclers but some may have escaped being melted down.
Reminds me of when China purchased an aircraft carrier to scrap and then refitted it. Once you sell something, it's hard to control what happens to it.
<< <i>
<< <i>The mint sold the waffle coins? >>
My understanding is that the mint sold them, as scrap metal. These were typically purchased by recyclers but some may have escaped being melted down.
Reminds me of when China purchased an aircraft carrier to scrap and then refitted it. Once you sell something, it's hard to control what happens to it. >>
Yes, though they didn't seem to care. But if the supply has dried up as it seems to have, either they have stopped making errors
<< <i>What's to prevent someone from manufacturing these from normal coins ? I bet you could find the correct equipment in China somewhere .... >>
Supposedly the pattern is unique to each machine. That might not help against China, though.
<< <i>What's to prevent someone from manufacturing these from normal coins ? I bet you could find the correct equipment in China somewhere .... >>
I wonder if you can get the correct equipment in the US? Or does the Mint and would you have to get this equipment from overseas. Does anyone know who makes these?
It seems plausible that it could be legal to run coins through this kind of machine and sell them, as long as you disclosed it was done with released, perfect coins, not non-released, damaged coins.
Perhaps these things aren't so common as we think if the government has been selling them to make refrigerators.
I haven't seen any graded ones from PCGS or ATS, but it's nice to see one TPG grading them. Grades are just one step away from registry set
<< <i>Damaged coins do nothing for me. >>
These are mint canceled coins that are not suppose to get out.
There is a big difference between damaged coins and mint canceled coins.
<< <i>I was standing at Fred Weinberg's table at a show nearly a decade ago deciding to make a purchase while another customer was inquiring about these waffled $1's. Fred placed a few raw $1 ones in front of the guy and he asked how much? Fred stated 25 and the fellow said OK I'll take one reaching in his pocket and handed over a quarter... I can't remember if he bought or passed when he found out is was $25? >>
That might be understandable since they aren't legal tender so they don't have $1 of legal tender value.
AND does everyone understand that also in 2003 a truck containing a ton of 2003 Missouri's just so happened to crash
and ruin many of those prior to those waffling machines purchased! HAHA
See that is the other reason why so many peeps where selling 2003 Waffled Missouri's like crazy!
AND ask the US MINT since they just purchased those machines in 2003 .. then WHY they DID NOT use them on the 2004
Wisconsin Extra Leaf High and Low Quarters that was an inside job by a mint employee and the Mint decided to completely
destroyed a majority of them but then later released the rest of the batch to the public.
Does that make any $ENSE? I would love to hear anyone's reply.
of all time! Render to Caesar's what is
Caesars and give to God what is God's.
<< <i>I wonder if Mr Carr could do that to some of my Susan B. Anthony Dollars.
Do you think the SBA above was cancelled outside of the Mint?
<< <i>
<< <i>What are the most interesting waffle coins you've seen EOC? The Ike above is the most interesting and unique one I'm aware of, >>
I like the proofs. I like Sacagawea's. Kennedy's are cool as they are large. SBA.
I have seen a few bonded in the waffling process and wish I had bought them, but they are kinda expensive.
Here is one very rare one I own .....
Holy crap
<< <i>Do you think the SBA above was cancelled outside of the Mint? >>
No, I believe the mint had a surplus of these (the 1999 SBA) so the extras got canceled along with the Martha Washington. I own one or two 1999 SBA mint waffled cancel coins.
I also have a 2001 New York State quarter that has been waffle canceled.
I think the latest date on a waffle I have seen is 2009, but not sure.
but because they were damaged,
or Waffled, IN the Mint(s), they
are considered collectable.
When I took a special tour of the
Denver Mint back in 2009, out on
the loading dock were four huge
'bins' of waffled Roos. Dimes.
Both Mint's are still waffling coins
to this day, as far as I know; why
there aren't more dated in the past
4-5 years I'm not sure, but I certainly
wouldn't pay a bid premium, if any,
for a recent date Waffled coin.
By the way, the Waffled Martha's came
from me, and they came from the Denver
Mint....although there's no info that Denver
even struck Martha Test Pieces........
for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022
<< <i>Just got outbid on a Certified Kennedy waffle, dang thread is making waffles popular ....... >>
Belgian Waffle Makers are soaring on eBay too!
<< <i>
<< <i>Just got outbid on a Certified Kennedy waffle, dang thread is making waffles popular ....... >>
Belgian Waffle Makers are soaring on eBay too!
LOL, the funny thing is, you know how ebay suggests items for you, they suggest Belgian Waffle Makers every day when I search ebay ......
My Adolph A. Weinman signature
<< <i>Just got outbid on a Certified Kennedy waffle, dang thread is making waffles popular ....... >>
I was thinking you may have been interested in the 2 Kennedy halves in one but that one is still for sale.
I did find this 2008 article which claims "The U.S. Mint has indicated that it will no longer allow waffle coins to be released".
stamper that imprinted " Special Select Specimen" on them. I could say these are special hard to get Coins
and sell them at nice markups. Only problem is , the defacement might be duplicated by others, making my
Coins not so limited.
This is just an example of Coin Dealer marketing IMHO. Whatever. If the suckers want to hand over their money
why not take it. Ethics be damned. Profit over principles.
The Philadelphia Mint & the Denver Mint have
Kuster's Waffle Machine on the floor, inside the
Mint's walls.
They 'waffle', or cancel, any defective blanks,
planchets or error coins with this machine.
It was originally developed for the European
coins that were being turned in about 15 years
ago as Europe went to using the Euro only.
There were concerns that coins returned to Banks
for the new Euro's would be stolen as large shipments
went to either the Central Banks, or to be destroyed.
This solved that problem.
The US Mint bought these machines to save money -
prior to using them, large trucks with damaged or
error coins had to have armed guards on them as they
left the Mint(s), and were driven across the country to
be melted/refined by the manufacturing plants that made
some of the planchets for U.S.Mint use.
Yes, they are damaged....
Yes, they are cancelled....
Yes, they are no longer legal tender
Yes, the Mint considers them scrap metal.
However.......and members of this forum should know better
than others, that because they went thru the Waffling Machine
that was ON the floor of a U.S. Mint.........
Yes, they are collectable.
Like Rod Taylor's Time Machine in the Movieof the same name, if the Waffling Machine
was located 10 feet OUTSIDE the Mint's wall, history would be different.
for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022
did they? If so will we soon be seeing the ultra rare 1857 Waffled Large Cent - which becomes the first $11 Million Coin?
I do see how these are mildly interesting but when bidding on ebay reaches fanatical levels I have to wonder.
These peoples be crazies. Dey pays good monies for destroyed monies.
have them in both facilities.
When I took a special tour of the Denver Mint
back in 2006, the machine was working, and
boy was it LOUD !
Towards the end of the tour (it was just
Dave Camire of NGC, and myself) we ended
up at the loading dock outside the Mint.
There were two HUGE bins filled with Waffled
Roosevelt Dimes....don't know why they had
to cancel so many dimes, but they were there,
waiting to be picked up by a trucking company
and sent to Indiana (I believe, not sure) where
they would be melted and turned into planchet
strips again......
for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022