Less Error Coins To Be Released

[gmarguli]

Article

 

Looks like the mint has a new machine and procedures for dealing with error coins. They say this should allow for less error coins reaching the outside.

 

I think they should sell the error coins to raise money to pay for projects.

[truthteller]

Mexico used to sell 'error' coins to order. Some US dealers would pay off the right officials and get order of errors or 'patterns' in excess of 500 to 1000 a shot. Of course, the supply was exhausted at a tidy profit before collectors would get wind of the so called rarities true circumstance.

 

TRUTH

[Hoot]

The new machine employed to destroy the error coins makes a kind of interesting new Mint product!

 

Hoot

[CONSERVATIVE]

I saw a penny on ebay that had the waffle pattern of that machine they are talking about that destroys the coins. I should have bid on that coin.

 

KINGKOIN KING OF KOINS

 

[Dog97]

That's interesting. I only collect 97 erors but I've heard that errors from the last year or so were really tough to find. I've heard rumors of new quality control measures @ the Mint while @ the same time heard dealers say that wasn't true but rather the workers at the rolling & counting house were saving them. So apparently the rolling houses got an early heads up on the new machine and started hoarding them.

This could make it tough on error collectors but the way I understand the article the new machine only processes the errors the Mint culls out & discards, which are not released anyway, and hopefully doesn't affect the availability of errors that are released through normal quality control, such as clips, broadstrikes, off metals, & other minor stuff.