Thursday, March 22, 2007

Altered Washington Dollars Surface (ngccoin.com)

Presidential Dollars are filed to resemble widely publicized Missing Edge Lettering examples

Less than a month after their official release, Presidential $1 Coins with altered edges are being submitted to NGC for certification.

Considerable attention has been focused on Presidential $1 Coins with edge lettering errors. The edge lettering is applied to these coins after they are struck in a process similar to the upsetting mill that raises rims during planchet preparation. As such, the edge lettering orientation will vary depending on how the coin falls into machine that impresses the letters, and its positioning and orientation on the coins are random. Nonetheless, coins are being offered and sold in the marketplace as mint errors in cases where the edge lettering is “upside down” in relationship to the obverse. This is not an error . . .

Full story at:
http://www.ngccoin.com/news/viewarticle.asp?IDArticle=443

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