News about the Washington Dollar Errors, More "No Edge Lettering" reported

marxbuff · February 22, 2007 4:25AM

Just received this from Numismatic News, another Washington "No Edge Lettering" discovered;

Last week the new George Washington dollar was released to circulation. This week come the first reports of errors. Topping the list was a report of one of the new dollars without the edge lettering. On a regular coin, the edge carries the date, mintmark, "In God We Trust" and "E Pluribus Unum." An Arizona collector, who wishes to remain anonymous, reported it. He truly has a "Godless" dollar coin. Other reports of errors are coming in. What is not an error is the changing direction of the edge lettering. On some coins the tops of the letters are close to the obverse. On others they are close to the reverse. This is normal. It is not an error.

Are you checking out your new Presidential dollar coins for errors? Let Dave Harper know. dave.harper@fwpubs.com

—Dave Kranz, Newsletter Editor
nn@krause.com

The one on eBay that ends tonight is from Chicago.

JR.

flaminio · February 22, 2007 4:35AM

With 300 million of these suckers being made, I'd expect to see quite a few of the "godless" errors. They'll be interesting, but not particularly rare.

BECOKA · February 22, 2007 4:37AM

I have a bunch that are off center but not enough to make a big deal about it. maybe about 2-3%

Russ · February 22, 2007 4:40AM

<< Two? Thats nothing...out of the box of 1000 I bought I have about 20 or so.

morris <>< >>

From Marty's thread.

Russ, NCNE

LALASD4 · February 22, 2007 4:42AM

I predict thousands will appear.

WinPitcher · February 22, 2007 4:43AM

What happened to the one on ebay first? still up at 400.00?

some other guy listed 8 more.

best to wait and see how this pans out b4 putting up moon money.

Steve

ArgentumRex · February 22, 2007 4:43AM

It's part of the Godless coinspiracy. With all of the edge issues we've seen here alone, next they'll tell us that the edge lettering is too difficult and do away with it altogether. Everything is going according to plan

seanq · February 22, 2007 4:44AM

I predict that guy who turned down a $400 offer for one will be kicking himself until the Reagan dollar is issued.

Sean Reynolds

marxbuff · February 22, 2007 4:58AM

<< What happened to the one on ebay first? still up at 400.00?

some other guy listed 8 more.

best to wait and see how this pans out b4 putting up moon money.

Steve >>

Heres the auction Link

JR.

Russ · February 22, 2007 5:00AM

<< I predict that guy who turned down a $400 offer for one will be kicking himself until the Reagan dollar is issued. >>

Bid is higher than that with eight hours to go.

Russ, NCNE

Russ · February 22, 2007 5:05AM

Looks like there are about 20 different "error" types and counting.

Here's the guy with eight of the plain edge.

Russ, NCNE

pf70collector · February 22, 2007 7:01AM

300 million. One for each U.S. Citizen. Not much if you think of it that way.

BECOKA · February 22, 2007 7:09AM

<< 300 million. One for each U.S. Citizen. Not much if you think of it that way. >>

So that means 4 per citizen per year. That is a lot considering the majority of the citizens will never handle these.

ttown · February 22, 2007 7:13AM

Has it been determined which mint is minting the "No Edge Lettering" error?

itsnotjustme · February 22, 2007 7:17AM

If one roll has 8, how many other rolls will have 32% missing? I think $400 will be high end for these. I predict the 8 don't cross $250 each. (They are in the $50 and below range now)

marxbuff · February 22, 2007 7:18AM

<< Has it been determined which mint is minting the "No Edge Lettering" error? >>

Both mints.

The 1st one on ebay came from a D roll, on the link Russ posted that guy said he got them from a P roll.

JR

WinPitcher · February 22, 2007 7:18AM

What would happen if someone that sent in rolls to PCGS unopened had some error coins? would they call that person up?

also would it have been wiser for the guy with 8 to slowly release them? not list all 8 at one time?

SD

itsnotjustme · February 22, 2007 7:18AM

The guy wuth two got them from D mint stock. The guy with 8 says the others were P mint.

This make me think these will not be rare.

MadMarty · February 22, 2007 7:23AM

Out of about 600 so far nothing...

itsnotjustme · February 22, 2007 7:31AM

WinPitcher, He might have far more than 8.... and thinks 8 at once will produce the best retrun before the value plummets.

BECOKA · February 22, 2007 7:35AM

<< What would happen if someone that sent in rolls to PCGS unopened had some error coins? would they call that person up?

also would it have been wiser for the guy with 8 to slowly release them? not list all 8 at one time?

SD >>

From other posters experiences with different coins they will not call and those would come back ungraded.

Type2 · February 22, 2007 7:36AM

Do you feel like Charlie on willy wonka when you are opening them rolls look for the golden tickit or is it just me

WinPitcher · February 22, 2007 7:59AM

Becoka

the problem though with that is all are being graded, ones that do not meet a certain grade are getting a BU slab.

Steve

BECOKA · February 22, 2007 8:08AM

<< Becoka

the problem though with that is all are being graded, ones that do not meet a certain grade are getting a BU slab.

Steve >>

Are you sure they are going to give problem coins the BU status?

I guess if they do then they should all have the edge view. Then whoever has these graded will have proof it is a D or P mint then just send the slab back under error or variety review to get the proper designation.

WinPitcher · February 22, 2007 8:43AM

I'm not sure of anything (lol) That's why i was asking.

Steve

ttown · February 22, 2007 8:46AM

Now why would a error coin become a problem coin? Is any double die a problem coin? Is a no "S" a problem coin or just an error...It should and will grade in the future IMO if they aren't already.

Really by your defination any coin in the Bust or any other series with die cracks shouldn't grade MS.

Russ · February 22, 2007 9:11AM

<< also would it have been wiser for the guy with 8 to slowly release them? >>

Actually, the opposite. Notice that he ran three day auctions. He knows that a truckload more are going to show up on eBay any time, so he's moving them out as fast as possible.

Russ, NCNE

sinin1 · February 22, 2007 9:35AM

from the guy in FL with a wad of them

BECOKA · February 22, 2007 9:38AM

<< Now why would a error coin become a problem coin? Is any double die a problem coin? Is a no "S" a problem coin or just an error...It should and will grade in the future IMO if they aren't already.

Really by your defination any coin in the Bust or any other series with die cracks shouldn't grade MS. >>

Not sure but there were a couple of posts where someone submitted a coin for grading and it got returned because it was an error. The main issue of the threads is why didn't PCGS call him to get the correct service on the coin.

Bochiman · February 22, 2007 9:54AM

<< from the guy in FL with a wad of them

>>

Ah, but those would be "P" mints then.....so, the "D" will be scarcer and worth much more

08HALA20 · February 22, 2007 10:02AM

<< Looks like there are about 20 different "error" types and counting.

Here's the guy with eight of the plain edge.

Russ, NCNE >>

he has 11 listed now.

Just added 3 more

Joe

DenverDave · February 22, 2007 10:49AM

Here's a guy selling "First Strike" rolls, as the inspection date on the $1000 box is Jan. 3rd 2007...

First Strike Rolls...

My box is stamped Dec. 7th 2006, what inspection date do you have on your $1000 box...?

intocoins · February 22, 2007 11:19AM

Gemineye · February 22, 2007 12:15PM

What the collector does not realize ..is that this is a Highly Organized Conspiracy of the US mint to get the collectors to get Rolls and Rolls of dollar coins from banks throught the country and check them for errors and release the rest into circulation...!!

Rodius · February 22, 2007 12:23PM

<< Do you feel like Charlie on willy wonka when you are opening them rolls look for the golden tickit or is it just me

>>

Same feeling. Opened three rolls and nothing but a bunch of bag marks. I will keep looking. Ompa loompa.

pf70collector · February 22, 2007 1:02PM

Same here 600 P's and zilch for errors.

Russ · February 23, 2007 1:44AM

Here's another seller with five of them.

The first one closed at $612. That buyer is going to regret being the first.

Russ, NCNE

mrmojorisin · February 23, 2007 3:27AM

a guy on another board found 96 coins with no edge lettering in his rolls.

DenverDave · February 23, 2007 3:29AM

<< Here's another seller with five of them.

The first one closed at $612. That buyer is going to regret being the first.

Russ, NCNE >>

The seller has a firm grip on things...

LALASD4 · February 23, 2007 3:32AM

Since they can be found all over the floor, I stay with my prediction from last week that there will be thousands of these, maybe tens of thousands.

aficionado · February 23, 2007 3:34AM

I doubt these will be like the Wisconsin Leaf, but there could be some upside if the Mint comes out and says they fixed the problem.

I can't imagine the Mint will continue making these errors, not only for Washington, but for the whole series. So at some point it has to stop and a statement will be issued.

Now are they worth $600. I doubt it, but there's some value here.

TAClough · February 23, 2007 3:34AM

<< Ah, but those would be "P" mints then.....so, the "D" will be scarcer and worth much more >>

Bochiman if the letter is missing from the edge of the coin and the mint mark should have been on the edge, how will anyone know that it was to be a "D" and worth much more then the "P".

holeinone1972 · February 23, 2007 4:23AM

Desperation is starting with the sellers now. 2 coin s listed as a buy it now. 1 for $250 1 for $299

I doubt the errors will reach $225 again, w/o being slabbed. Maybe I am wrong, but there is gonna be alot of these, I think.

Rob

holeinone1972 · February 23, 2007 5:38AM

2nd just sold for $209.04

Just in first buyer throws up.

itsnotjustme · February 23, 2007 5:45AM

These may have another source of value. From one sellers pictures, these look much better than others I've seen. Maybe skipping the run through the edge lettering machine saves a bunch of surface marks and results in higher grade coins. Trouble is they will not be identifyable as P or D.

Therefore... they Registry Sets will now need to include P, D, and Blank MM coins!

CaptHenway · February 23, 2007 6:01AM

<< These may have another source of value. From one sellers pictures, these look much better than others I've seen. Maybe skipping the run through the edge lettering machine saves a bunch of surface marks and results in higher grade coins. Trouble is they will not be identifyable as P or D.

Therefore... they Registry Sets will now need to include P, D, and Blank MM coins! >>

Let me be the first to say: "2007 Plain"
TD

itsnotjustme · February 23, 2007 6:04AM

Summary:

Seller n_sandler287t 11 Listed
Seller Capitolcoin 13 Listed
Seller kwillingh 5 Listed
Seller seejay69 6 Listed
Seller genuinells 3 Listed
Seller maigan_dilan 1 Listed
Seller ronguinazzo 2 Listed

BobaFett72 · February 23, 2007 6:21AM

and im sure many more will be listed.

LALASD4 · February 23, 2007 6:23AM

and im sure many more will be listed.

And some would be fakes.

DieVarieties · February 23, 2007 6:49AM

109 Available

Steve · February 23, 2007 7:05AM

I've been a coin collector for 25 years now. These new Presidential dollars are worth just ONE dollar to me. I will probably buy a nice PR69DCAM from a PCGS dealer when the proofs come out, but I believe that anyone paying more than face value for these coins in this start-up period is just plain stupid. The reason is I believe the buyer is NOT at all interested in collecting the coin. He is interested in trying to then sell it for more than he bought it for. Only the uniformed will get suckered that way. There will be thousands of these plain edge GW coins out there soon. So what? The collector is interested in the coins that do HAVE the edge writing, not the ones that don't. Oh well, make your money while you can. JMHO. Steve

News about the Washington Dollar Errors, More "No Edge Lettering" reported

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News about the Washington Dollar Errors, More &quot;No Edge Lettering&quot; reported

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News about the Washington Dollar Errors, More "No Edge Lettering" reported