Dollar Coin Error Worth $$

[dgridley]

PHILADELPHIA (AP) -- An unknown number of new George Washington dollar coins were mistakenly struck without their edge inscriptions, including "In God We Trust," and made it past inspectors and into circulation, the U.S. Mint said Wednesday.

Bailey said it was unknown how many coins didn't have the inscriptions. Ron Guth, president of Professional Coin Grading Service, one of the world's largest coin authentication companies, said he believes that at least 50,000 error coins were put in circulation.

"The first one sold for $600 before everyone knew how common they actually were," he said. "They're going for around $40 to $60 on eBay now, and they'll probably settle in the $50 range."


http://www.breitbart.com/news/2007/03/07/D8NNFGLG1.html

 

[dhscott]

A UK penny is worth twice if sold as scrap metal. Fact!

It is however illegal to destroy currency so don't go doing it! YOU'LL DESTABILISE THE ECONOMY DAMN YOU! :bah:

 

[Barrucadu]

A UK penny is worth twice if sold as scrap metal. Fact!

It is however illegal to destroy currency so don't go doing it! YOU'LL DESTABILISE THE ECONOMY DAMN YOU! :bah:

In that case, my chemistry teacher made my entire class criminals. We all plated copper coins with zinc. Shiney!

 

[dgridley]

What does this have to do with this thread?

A UK penny is worth twice if sold as scrap metal. Fact!

It is however illegal to destroy currency so don't go doing it! YOU'LL DESTABILISE THE ECONOMY DAMN YOU! :bah:

 

[Barrucadu]

What does this have to do with this thread?

I am assuming dodgy coins being worth more than they should.

 

[Dan]

I think a US penny is actually worth 5 cents. :o

The problem with the messed up dollar coins is that you have to know it is. Most people who just randomly get them will have no idea they could get $50 for it.

 

[deleted984054565403]

Oops! My Dad's friend just used one in a lottery machine. He said it was weird how the new money doesn't say "In God We Trust".... but it's gone now! :hehe:

 

[dgridley]

I got about $10 worth (not the errors) the last time I was at the bank and got tired of explaining to store clerks they were real (most never heard of them) so haven't been back to get more..

I don't like the new coin much.. looks cheesy, like an arcade token to me..

I didn't even get my hands on any of these yet! Were you able to pick any of these up Dave?

 

[labrocca]

300 million of these coins! That's one for every US citizen. I doubt long term they will have any value at all

 

[_FLIP_]

I'll be looking out for them. I havn't seen any of these new coins yet, but if I come across one I'll make sure I check for "In God We Trust".

300 million of these coins! That's one for every US citizen. I doubt long term they will have any value at all

That was the total amount that were made. They believe 50k error coins were made.

 

[dgridley]

Yes, 50k is the estimated amount of the wrrors.. and I think they all come from the Philadelphia mint.

I got a fresh roll from the bank today to check thru.. no luck!

Then I went to KFC and used a few to pay for my meal and they hadn't even heard of the new coin yet and questioned me on them!

 

[_FLIP_]

Yes, 50k is the estimated amount of the wrrors.. and I think they all come from the Philadelphia mint.

I got a fresh roll from the bank today to check thru.. no luck!

Then I went to KFC and used a few to pay for my meal and they hadn't even heard of the new coin yet and questioned me on them!

:hehe:

 

[bluearrow]

Sounds like those High value Stamps with printing errors. i think those coins will be worth lot more than $50 a piece after few years.

 

[Michelle]

Dave if you find one post it over so i can see

 

[_FLIP_]

Anyone have a pic of the coin and the error coin?

The ones I looked at on Wikipedia are the regular coins but I still dont see the "In God We Trust". Is it suppose to be on the edge of the coin, like the side?

EDIT: I guess it is on the side. And I just watched one of these coins sell for $181.50 on ebay seconds ago.
I've also seen this coin on ebay but with "In God We Trust" upside down. They aren't selling for anything though. Is there even such thing?