Washington Dollar

http://usmint.gov/consumer/index.cf...ion=hotitems

If anyone knows or finds someone breaking the law described below, do take the extra step and report them.

Fraudulent Presidential $1 Error Coins Being Sold

The United States Mint has recently learned that some individuals are grinding the rims of Presidential $1 Coins to remove the edge-incused inscriptions and then marketing these altered items as error coins. This practice not only exploits unwary consumers and collectors, but also is a Federal crime.

The United States Mint recently announced that an undetermined number of George Washington Presidential $1 Coins were minted and issued without the required edge-incused inscriptions, "E Pluribus Unum," "In God We Trust," the year of issuance, and the mint mark. Because true error coins such as these can be rare, they often become very attractive among collectors, many of whom are willing to acquire them at a premium above their face value. Apparently, some individuals are exploiting this situation by altering the rims of perfectly good Presidential $1 Coins to make them look like the recent error coins.

Although altering and defacing United States coinage generally is not illegal, doing so violates a Federal criminal statute (18 U.S.C. § 331) when the act is accompanied by an intent to defraud. Accordingly, a person is committing a Federal crime if he or she intentionally alters an ordinary Presidential $1 Coin to make it look like an error coin for the purpose of selling it at a premium to someone who believes it to be a real error coin. Under this statute, it is also a Federal crime to sell at a premium an ordinary Presidential $1 Coin that one knows has been altered so it looks like an error coin to someone who believes it to be a real error coin. Penalties include a fine and up to five years in prison. The United States Mint has no Federal enforcement authority. Rather, it refers such matters to the United States Secret Service, which is lawfully authorized to detect and arrest any person who violates a Federal law relating to United States coinage.

you are right both of the rolls are the same coins and rolled the same just in different wrappers and the mint is just charging a high premium on them because they get away with it.

The roll I got from my bank appears to be rolled in the same wrapper as what the Mint sent me. It looks original. My question is are they of the same manufacture type? My guess would be the mint is selling BU's and what I picked up from the bank is a business strike roll. That's my question.

What I purchashed from the mint was not a proof coin or an uncirculated set, it was just the $25 roll. Are the $25 rolls from the mint just business strike coins? If so then they are the same coins we can get from the bank in rolls for just $25 instead of $35 + ($5 shipping)from the mint.

YES THEY ARE

1 difference is that the roll from the mint will have the P or the D on the roll,where as the 1 from the bank won't,even though you most likely know from which part of the country you come from

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Can you see the mint mark on the coin without removing the coins from the wrapping?

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The mintmark is on the edge, so you will not be able to see what you have without opening the roll. Unless you ordered from the mint in which they they have the marks on the outside roll. Otherwise, you would have to open the roll.

If your Federal Reserve district is east of the Mississippi, you can assume you will get Phillys. If your district is west, you can assume that you will get Denvers. This only applies to new coins from the Federal Reserve.