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2012 Toonie Error...?

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wert's Avatar
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 Posted 05/09/2012  9:06 pm Show Profile   Bookmark this topic Add wert to your friends list Get a Link to this Message Number of Subscribers
Hi guys

Take a look at these 2012 toonie's.

Looking at the date side the left one has the inscription on the edge the correct way
.
The toonie on the right looking at the date side has the inscription upside down.

Just wondering if this is an ERROR or a common thing..?



2012-Toonie-Error...?
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Canada
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 Posted 05/09/2012  9:18 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
I only have two so far and the lettering is as on your coin on the right.It appears that the edge lettering is applied during rimming,before the coin is struck,either orientation should be likely.
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wert's Avatar
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 Posted 05/09/2012  9:23 pm  Show Profile   Bookmark this reply Add wert to your friends list Get a Link to this Reply
Well DBM, that would make it a 50/50 chance on orientation

Just going to wait and see if anyone else has coins and what they have found.
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SteveCaruso's Avatar
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 Posted 05/09/2012  9:57 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
This reminds me about what happened with the edge lettering on American Dollar Coins and I think this might be the same case.

To illustrate: PCGS still has in their files "Position A" and "Position B" for business strikes to indicate which direction the lettering was facing, when it literally was "a flip of a coin" that determined it. :-)

Proofs, however, only had one orientation as it was applied during the strike (rather than during rimming) and this caused a bit of confusion because when people we calling in to ask about the "error" the customer service representatives weren't fully aware of the situation.
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 Posted 05/10/2012  12:36 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
I didn't say 50/50 chance,though it may be so.
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mcshilling's Avatar
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 Posted 05/10/2012  09:12 am  Show Profile   Bookmark this reply Add mcshilling to your friends list Get a Link to this Reply
I agree with Steve on this one, I think it's the same as the US Dollar it all depends on which way it ends up in the press.
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mcshilling's Avatar
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 Posted 05/10/2012  09:35 am  Show Profile   Bookmark this reply Add mcshilling to your friends list Get a Link to this Reply
Just checked ( I have 10 ) with the obv. side up I have 7 that you can read and 3 upside down.
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wert's Avatar
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 Posted 05/10/2012  12:22 pm  Show Profile   Bookmark this reply Add wert to your friends list Get a Link to this Reply
Well it isn't quite 50/50 mcshilling...But close.

When there are lots in circulation and say it is about 70/30 at final count then maybe the 30% might bring a little higher premium.
Edited by wert
05/10/2012 12:39 pm
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 Posted 05/10/2012  2:13 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
I would suggest not even attempting population statistics, until someone goes through a whole mint-issued box first...
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wert's Avatar
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 Posted 05/10/2012  2:20 pm  Show Profile   Bookmark this reply Add wert to your friends list Get a Link to this Reply
Just talking through my hat SPP...I am not (or anyone else) in a position to estimate the percentages...Just making every one aware of the future statistics of this coin.

Actually, no harm (I am NO expert) meant.
Edited by wert
05/10/2012 2:20 pm
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coincollect1's Avatar
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 Posted 05/10/2012  2:24 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
mines the right way.
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wert's Avatar
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 Posted 05/10/2012  4:11 pm  Show Profile   Bookmark this reply Add wert to your friends list Get a Link to this Reply
Yours is the right way coincollect1...?
Maybe I should have did a poll on this instead of a post..?

Can anyone tell me if the edge stamping is done at the same time as the rest of the coin is stamped...?
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Scissel's Avatar
Canada
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 Posted 05/10/2012  6:08 pm  Show Profile   Bookmark this reply Add Scissel to your friends list Get a Link to this Reply

Quote:
Can anyone tell me if the edge stamping is done at the same time as the rest of the coin is stamped...?


It's very unlikely to find that done on a circulating coin. In order to impress the edge lettering in the coining press, you need a "split collar". The collar die has to come apart in order for the coin to be ejected. Otherwise the coin would be stuck in the press.

For proof coins it would not be as much of a problem to have a special split collar die. Staff take time to make each coin individually & the press runs much slower.
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 Posted 05/10/2012  11:40 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply

Quote:
the edge lettering is applied during rimming

Was answered before you asked,wert.
Edited by DBM
05/10/2012 11:48 pm
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wert's Avatar
1988 Posts
 Posted 05/11/2012  06:19 am  Show Profile   Bookmark this reply Add wert to your friends list Get a Link to this Reply
Well, I looked back and read it again and there it was, the answer to my question.

Hey, DBM, everyone is allowed to be stupid once a day, and I sure used mine up...

BUT, there is always tomorrow...
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mcshilling's Avatar
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 Posted 05/11/2012  2:35 pm  Show Profile   Bookmark this reply Add mcshilling to your friends list Get a Link to this Reply
Update, I now have 10 more , obv. up 5 with the writeing readable and 5 with it upside down.

Total 12 obv. up readable and 8 upside down.
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