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 Replies: 14 / Views: 1,277 |
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Valued Member
United States
117 Posts |
A man once told me that he bought a bag of mint errors from a worker of the mint. Wouldn't this be illegal?
How DO these major errors escape the mint? And, why do they always seem to just happen to fall into the hands of big time dealers?
Just a question I was curious about.
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New Member
United States
49 Posts |
From what I have gathered on the subject, many major error dealers have established contacts with counting rooms or sorting rooms. (THink casinos and major coin wrapping companies that distribute) These companies can sell off what the machines kick out as odd. For instance, those huge out of shape or big clip errors or other very obvious errors are often found by a counting/sorting/rolling machine and kicked out as unidentifiable (did I spell that right?) Then they get bought by the people who have the inside contacts. That leaves you and I to pick over the little errors we find in circulation. doesn't seem fair does it? I'd like to know how to make some of those contacts with counting room employees so I could get premium errors!
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Valued Member
 United States
117 Posts |
Hmmm. find out where they hang out for happy hour?!!! : )
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New Member
United States
49 Posts |
I will drink there too pennybright and I want dibs on the change they leave on the bar as tips.
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Valued Member
United States
90 Posts |
I pass a major mint two times a day and would love to get to know some of the people that work there.
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Valued Member
United States
117 Posts |
Hang around and see where they go for lunch! Let us know!
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Member
United States
703 Posts |
Tomb, It would be illegal to get errors from a mint employee, But not from a sorting room employee.
error
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Valued Member
United States
117 Posts |
What would be the difference?
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Member
United States
703 Posts |
The mint employees would have to steal them and sneak them out say in their shoes as it is against mint policy for employees to take out errors. Arrests have been made in the past for such actions.
As for the counting room employee, they do not work for the mint. The mint made the mistake (thus error) in letting out of the coins out of the mint in the first place, so if a counting room finds it, it's legit.
error
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Valued Member
United States
117 Posts |
Still don't quite understand, but where would I apply!!
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Valued Member
United States
90 Posts |
Yes I am aware of the legality of that and I would never ask someone to take that chance. LoL a guy can dream.
I believe that not that long ago (within the last 5 years) they caught someone doing that here.
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Pillar of the Community
United States
1952 Posts |
that was in Philly. I only read it just recently but I wish I had of known the guy. he had to make some good money before getting caught. hey I didn't hear anything about his friends going to jail with him so I am with Tomb on this one i.e. a guy can dream
Gary
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Member
United States
1154 Posts |
Well, Federal reserves and bigger banks get the kevlar bags, and the bigger unsorted bags. Plent of clips get out and I'm sure alot of others due also.
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Valued Member
United States
90 Posts |
We all collect for some reason be it value or rarity, people getting this stuff out of the mint just lowers these aspects.
It just makes the prices/rarity go down in the long run.
It kind of seems like cheating.
Edited by Tomb
03/06/2007 10:25 pm
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Member
United States
703 Posts |
Tomb the prices of error coins are going up (not down) because of mint practices since 2002. Almost No major errors come out of the mint after 2002 and when they do they get quite expensive.
error
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Replies: 14 / Views: 1,277 |
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Posted 03/06/2007 03:21 am
