There is a nice post on the Coin Collectors Blog today about the new Presidential $1 Dollar Coin program. It seems that there have been verified reports of some of the dollar coins actually missing their edge lettering. The Tallahassee Democrat verifies at least five of these coins, and apparently one has already sold on eBay for $46.
It’s unclear at this point how many coins will have this problem, but this sounds like a true collectible error. Some people have been trying to pass off “upside down” lettering as an error, but it isn’t as the Mint is not orienting the coins one way or the other when adding the edge lettering.
When there is a new process like the “incused edge”, it’s inevitable that there will be errors. Keep your eye out for new dollar coins missing the lettering. They will inevitably be worth more than $1.
Ironically, for those people out there looking to get “In God We Trust” off US coins, these mint errors might be especially valuable. 🙂
Update (3/7/2007): Given the amazing amount of press coverage today, I’ve posted an update on the mint errors, with some insights into how its driving activity on eBay.
Update (3/17/2007): If you are looking to buy original, unsearched bank rolls of the new George Washington dollar coins, I have procured a box of 40 rolls, in a box certified as wrapped on December 7, 2006. They are availablehere on eBay Express. Sold out! Will get more soon!
Update (5/24/2007): For a limited time only, I am now carrying unopened, original John Adams Presidential Dollar coin rolls in my eBay Store. Click here to buy them on eBay Express. I also have a few more original bank rolls of the George Washington dollar coins. Click here to buy them on eBay Express.
If you are interested in the other rolls I am carrying, click here for all the coins I am currently selling on eBay Express.