Take a look at this error coin listed on Ebay. Would this not have to come from an employee taking it out of the mint? Would it be possible that this would make it into a roll for circulation?
First, technically these are not errors. The reason they're not errors, is it was done intentionally by the Mint to "cancel" the coin. They're then dropped in the scrap bin along with the webbing an other metal to be recycled, sold to scrap dealers, and then scrap dealers remove the canceled coins and sell them as errors.
"It's far easier to fight for principles, than to live up to them." Adlai Stevenson
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
The US Mint wasn't thinking very deeply when they decided to sell waffle cancel planchets and coins as scrap. However, you have to give some credit to the fact that they eventually stopped the practice.
<< <i>Is the identification of that item based on the apparent metallic makeup? Cheers, RickO >>
You can actually see the coin design, partially. I have one, won as a prize, in an NGC holder. I'll see if I can dig up the pictures and post them. It's actually pretty neat.
<< <i>Take a look at this error coin listed on Ebay. Would this not have to come from an employee taking it out of the mint? Would it be possible that this would make it into a roll for circulation?
The Mint has contractors who do the smelting of metals used in the production of U.S. coins. As such, any scrap, or errors(which are caught so as not to leave the Mint) are sent out to those contractors for recycling.
More likely than not, someone at one of the contractors removed this item prior to it be re-melted.
Comments
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
In honor of the memory of Cpl. Michael E. Thompson
<< <i>Is the identification of that item based on the apparent metallic makeup? Cheers, RickO >>
You can actually see the coin design, partially. I have one, won as a prize, in an NGC holder. I'll see if I can dig up the pictures and post them. It's actually pretty neat.
Eric
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>Take a look at this error coin listed on Ebay. Would this not have to come from an employee taking it out of the mint?
Would it be possible that this would make it into a roll for circulation?
Waffle >>
The Mint has contractors who do the smelting of metals used in the production of U.S. coins. As such, any scrap, or errors(which are caught so as not to leave the Mint) are sent out to those contractors for recycling.
More likely than not, someone at one of the contractors removed this item prior to it be re-melted.