Are You Worried About Your Error Coins?

To participate in the forum you must log in or register.

Author	Replies: 6 / Views: 1,680
BJ Neff Pillar of the Community United States 526 Posts	Posted 09/15/2011 5:38 pm I just finished reading the article concerning the U.S. Mint policeman who pleaded guilty to removing over 2 million dollars worth of error coins from the mint. I have always had that concern about error coins and this just about validates that feeling; if you are a person of influence and you have the right connections, error coins can be had. Does this make them different from variety coins? You bet! Most variety coins are pulled from circulation by people who are dedicated to roll searching and not collected from an inside source. That is the big difference. Anybody can find a variety coin, but few can obtain that high end error coin. I am not to sure how this will play out concerning the market value of error coins, but believe me when I say it will have some effect. BJ Neff Report this Post to the Staff

Broken-Coin Pillar of the Community United States 1812 Posts	Posted 09/15/2011 8:18 pm I'm waiting to see if CoinWorld publishes the name/names of the error coin dealers in California that purchased these errors, knowing that the seller was a U.S.Mint Police Officer... Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 09/16/2011 02:34 am The figure of 2 million dollars seems to be believable. I have purchased U.S. errors (in Sydney) from dealer's junk boxes for as little as $5. Grossly off centre strikes are the most numerous. Current prices from these dealers have increased quite a bit over 10 years, to around $50 typically. I also have a quite a few errors from The Royal Mint. Coins that have no copper plating are the most numerous, but I also have wrong planchet errors. That is perhaps not surprising, considering the fact that The Royal Mint executes coinage contracts for many countries. Errors that originated in Australia are much scarcer. Bitten edges and slightly off centre strikes are the fare in this case. Die crack errors are the most numerous for pre decimal issues. Report this Post to the Staff
ilikeikes Pillar of the Community United States 1205 Posts	Posted 09/17/2011 12:41 pm What denomination, and types of errors were they? Bet they pop up on ebay soon! Calvin G. Report this Post to the Staff
robbudo Pillar of the Community United States 2757 Posts	Posted 09/17/2011 1:32 pm i only collect errors 1909 and before. And in those early days, an employee 'the midnight minter' was known to make errors for friends. Today is not much different. Edited by robbudo 09/17/2011 1:42 pm Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 09/18/2011 06:11 am I haven't read all the articles on this but it seems that pretty much what he was stealing were the Washington dollars with no edge letters. Report this Post to the Staff
robbudo Pillar of the Community United States 2757 Posts	Posted 09/18/2011 12:17 pm and those Washington dollars with no edge letters are not worth the 2 million dollars they claim. Report this Post to the Staff
	Replies: 6 / Views: 1,680

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Modern Variety and Error Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.28 seconds to rattle this change.