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 Replies: 55 / Views: 2,553 |
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Bedrock of the Community
 United States
74565 Posts |
Quote:
I wonder why the mint would waffle a planchet - it held no monetary value yet. I have no idea Dearborn. That's a good question. I wonder why as well. Quote:
I found an image of what I believe is the 'Mint Waffler' on line. I'm not sure, but I figure that it works with this top drum and a matching drum below. It looks as if the coins and planchets are fed into the press on a conveyor.
I sure hope that they have a safety guard that covers that pinch point!
CRUNCH That's very interesting Yokozuna! I am learning a lot in this thread! I am glad I posted it on here. Errers and Varietys.
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Pillar of the Community
Canada
6244 Posts |
Quote:
I wonder why the mint would waffle a planchet - it held no monetary value yet. The answer it is simply: because the Mint do not want numismatic speculations and also open the door to counterfeits on original blanks. Edited by silviosi
06/30/2023 9:09 pm
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Pillar of the Community
 United States
4618 Posts |
CalzoneManiac said... Quote:
I had no idea the Mint was waffling coins prior to 2003. I think that the coins with dates prior to 2003 were coins that were stored at mint facilities for years, but not sent to the recycler. As already addressed, defacing them with the cancelling machine keeps coins from getting in to the commerce stream from un-authorized sources instead of being recycled. I've read that the mint has around a billion unissued small dollars in storage at different mint and High Security facilities around the US. If they decided to recycle them they would first have to cancel them. I would imagine that we would have a glut of waffled coins with lots of different dates on the secondary markets. ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
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Pillar of the Community
Canada
6244 Posts |
@ YOKO:
The mint has billions and billions coins in storage at the Reserve. They has, I was a few times to study some quarters. I have no Idea how many security under ground levels they has. But I can tell it is amazing. You say High Security? Me I say it is 3 times more. I will look to see if I still have photos of the corridors I was. If you can believe we was to analyze coins from bags and we do 'it on the corridor not in a room and in the front of the vault from where come. Cameras everywhere and guards front and back. The worker to enter the vault needed approval and 3 managers come to open and 3 guard enter the vault with him and we had the coins to check. They give us by weight and took back by weight.
Amazing adventure, I was three time and enjoy the experience except it is very cold inside.
I think Ken Potter or Stanton in one article made the narrative of the experience. Me it is the first time I wrote about and it is here.
Edited by silviosi
06/30/2023 10:48 pm
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Pillar of the Community
United States
4618 Posts |
@silviosi That's amazing! I'm really jealous!  ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
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Moderator
United States
54282 Posts |
They should just put them through a fine metal shredder to keep these off the market.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
4618 Posts |
nss-52 said... Quote:
They should just put them through a fine metal shredder to keep these off the market. Then you would see Full 1 Pound Bucket of PCGS Certified Mint Shredded Coins - Authentic - Brilliant Uncirculated! for sale on ebay.  ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
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Pillar of the Community
United States
2233 Posts |
I mean, the BEP sells bags of shredded money.
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Pillar of the Community
United States
4113 Posts |
Congrats, Great pick up and even greater price!  |
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Moderator
United States
96893 Posts |
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I mean, the BEP sells bags of shredded money. Yes they do, and I have one |
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Bedrock of the Community
United States
74565 Posts |
Thank you chuckster 125!
Errers and Varietys.
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Pillar of the Community
2224 Posts |
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Bedrock of the Community
United States
74565 Posts |
Thank you southsav! I will take pictures of it, when I get it in hand.
Errers and Varietys.
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Bedrock of the Community
United States
74565 Posts |
Here it is. I got it in hand. Sorry, pictures aren't the best. I used my iPhone to take the pictures. It's a waffled quarter planchet.   Errers and Varietys.
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Pillar of the Community
 United States
8775 Posts |
Very nice purchase for very little cost!
Good thread guys, I have learned much about something I knew little about.
-makecents-
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Replies: 55 / Views: 2,553 |
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Posted 06/30/2023 9:09 pm
