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 Modern US Coins

First Bicentennial Ike Dollar "Waffle" Coin Found

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Coin News
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United States
95 Posts

Posted 11/17/2008  6:49 pm  Show Profile Bookmark this topic Add Coin News to your friends list  Get a Link to this Message

First Bicentennial Ike Dollar "Waffle" Coin Found

The first known 1976 Bicentennial design Eisenhower dollar "waffle coin" has been reported by Brian Hendelson, President of Waffle Coin Co. of Bridgewater, New Jersey. It was discovered during the continuing examination of Mint-canceled coins obtained by Classic Coin in 2003, each with the distinctive corrugated, waffle-like pattern left by the Mint's cancellation process,

"It is a Variety Two, dual-dated 1776-1976 Philadelphia Mint Ike dollar, and the first Bicentennial Ike discovered as a Mint-canceled coin. I got pretty excited when I realized what I was holding," said Hendelson. "It's the only one I've ever found."

"The mint takes in coins for exchange that are also waffle canceled. This is, thus far, the only Bicentennial dollar we are aware of that has gone through this cancellation process," said Dave Camire, NGC mint error consultant and President of Numismatic Conservation Services.

Hendelson also discovered a small quantity of 1999 Susan B. Anthony dollar waffle coins. The SBA dollars now are individually certified by Numismatic Guaranty Corporation (NGC) or Global Certification Services.

The Mint uses coin-canceling machines manufactured in The Netherlands to cancel rejected coins and blanks (planchets) prior to sending them to be melted. Rollers on the machine crush and crumple the coins giving them surfaces that resemble a breakfast waffle. Waffle coins are not Mint errors; however, they are Mint products, rejected and canceled at the Mint because of some type of production problem with the specific coin.

"Because they're a product of the United States Mint, the waffle coins have become a popular collectible. Some people are trying to assemble waffle type sets of the available State Quarters," said Hendelson.

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Sir Ferrari
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Posted 11/17/2008  7:54 pm  Show Profile Bookmark this reply Add Sir Ferrari to your friends list  Get a Link to this Reply

That's very cool.

I'm usually not too big on error coins, but these "waffles" are definitely an exception.

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KurtS
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Posted 11/17/2008  8:20 pm  Show Profile Bookmark this reply Add KurtS to your friends list  Get a Link to this Reply

Interesting...I wonder if JBuck has seen this?

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jbuck
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Posted 11/18/2008  09:57 am  Show Profile Bookmark this reply Add jbuck to your friends list  Get a Link to this Reply

That poor Eisenhower Dollar!

What did they do to you?
What could you have possibly done to deserve such treatment??

This is a travesty!


Seriously, interesting. Never really knew about these. I might have to seek out some waffled coins at the next show just to see what they look like in hand.


Jbuck ... Coin Collector since 1978
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JerrySpringer
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United States
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Posted 11/19/2008  5:00 pm  Show Profile Bookmark this reply Add JerrySpringer to your friends list  Get a Link to this Reply

Weird timing for this thread. I was just reading the error coin section of the Red book last night and it had a paragraph about waffling.

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Conder101
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Posted 11/20/2008  12:55 pm  Show Profile Bookmark this reply Add Conder101 to your friends list  Get a Link to this Reply


Quote:
What could you have possibly done to deserve such treatment??

What is bad is this coi was probably waffled after being returned to a bank as defective. (They didn't have the waffle machine when the dollar was made so it is probably a returned coin.) It appears to have a planchet clip at 4:00. Soeone probably got the coin in a bag or roll and then years later when someone inherited it they took it back to the bank because it was defective, "had a piece missing" and it got redeemed and waffled.

I could be wrong and the apparent "clip" could be from distortion caused by the waffling.

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jbuck
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Posted 11/20/2008  2:26 pm  Show Profile Bookmark this reply Add jbuck to your friends list  Get a Link to this Reply

I believe you are correct, I can see that as being a clip.


Jbuck ... Coin Collector since 1978
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Josh
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Posted 11/20/2008  9:25 pm  Show Profile Bookmark this reply Add Josh to your friends list  Get a Link to this Reply

What would something like this sell for? I suppose there's no real way to know until this one is up for sale. I've seen the newer coin issues they've waffled but they don't really appeal to me.

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