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 Replies: 11 / Views: 1,978 |
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Press Manager
 United States
1420 Posts |
CoinWorld - New Mexico collector Tommy Bolack now owns an even dozen of the known (2000)-P double-denomination mule error coins featuring a George Washington obverse from the State Quarter dollar series and the Soaring Eagle reverse from the Sacagawea dollar. Bolack's latest acquisition brings to 12 the number of examples he owns from the now 16 known examples. Bolack said May 7 that he paid $85,000 to acquire from Fred Weinberg at Fred Weinberg and Co. in Encino, Calif., on May 4 an example graded Mint State 66 by PCGS. The coin is a previously unreported example. It is identified from Die Pair 1. Three different obverse and reverse die pairs have been identified for the 16 known examples. Weinberg said he secured the 16th example several weeks ago through another dealer. The provenance of the now 16th known example of the double-denomination error was not disclosed.  Read the Entire Article
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Valued Member
United States
68 Posts |
 WoW! |
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Valued Member
United States
344 Posts |
This should've been the design after the State Quarter program was finished. |
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Pillar of the Community
United States
1602 Posts |
 with Alex on making that or something very similar the new, permanent reverse for the quarter. I'd also like to see Liberty on the obverse - back to our roots! Quote:
Bolack has spent hundreds of thousands of dollars acquiring the error coins. My wife lives in constant fear of things like this!  |
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Pillar of the Community
United States
1479 Posts |
Me and this fella have alto in common...I WANT AM ALL! $85,000 is out of my range but boy is it a sweet variety. Tanks for posting this, very interesting.
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Bedrock of the Community
United States
62064 Posts |
The problem is that if he get all of them, then no one will want them anymore and he is sitting on a bunch of coins that no one wants anymore?
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Pillar of the Community
United States
3184 Posts |
wish I could find one of these out in the wild :D
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Moderator
United States
189729 Posts |
Wow! |
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Pillar of the Community
United States
2589 Posts |
I don't think the problem is that no one will want them any more, there are very very few double denomination mules in existance when it comes to American coinage. The problem is that if he suddenly needs to sell them all, he will likely do so at a greatly deflated price. If he spreads out the sales over a period of years, he may very well profit on the endeavor if that's what he seeks to do. He has pretty much cornered the market on them.
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Bedrock of the Community
United States
17884 Posts |
He also has the problem that if he wants to sell them he will probably have to pretty much do it by private transactions. Back when they tried those mint employees of smuggling out errors, they concluded that most of these were stolen government property. (A couple that were found in circulation were declared legal.) So if he tries to sell them at auction there is the risk of government confiscation. I would think having that cloud over them might make private sales difficult as well.
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Pillar of the Community
United States
1335 Posts |
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Pillar of the Community
United States
1479 Posts |
Ya maybe so. I know I got this serious problem (well lets say issue) with the 1966 DDO F'S-101 Lincoln Cent, I paid out the nose for the 3 I own and I just can't stop buying them regardless of shape or die state, I love them, just love them to death. So I relate some to this fella, he loves them dual denominations. Me I just love them 66 DDO's and there is no rehab for it. What in the world is a fella supposed to do? |
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Replies: 11 / Views: 1,978 |
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Posted 05/09/2017 5:32 pm
