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imdaffy
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Joined: 06 Apr 2007
Posts: 344
Location: Moncks Corner, SC.
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| Posted: Fri Feb 15, 2008 9:03 pm Post subject: Monroe 'quarter' errors recaptured |
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February 9, 2008
All Monroe ‘quarters’ recaptured
The U.S. Mint has confirmed that a number of “irregular” 2008-P James Monroe Presidential dollars have been returned to the Mint from a contractor that wraps coinage for the Mint.
A report from a numismatic periodical that quickly spread online said that “possibly as many as 70,000 to 140,000” Monroe dollars accidentally struck on planchets intended for quarters could be among Monroe dollars that were scheduled to be released Feb. 14.
But a Mint statement of Feb. 4 noted that the contractor returned the errors to the Mint. The statement further said that an internal inquiry has been performed and no irregular Monroe dollars were expected to enter circulation.
The statement reads, “In mid-January, the United States Mint’s coin-wrapping contractor alerted the agency when it found some irregular James Monroe Presidential $1 coins. The coins in question were immediately returned to the United States Mint. The United States Mint has performed an internal inquiry and presently has no evidence to indicate that any irregular James Monroe Presidential $1 Coins have been sent to the nation’s banks. The United States Mint expects to make an estimated 103 million James Monroe Presidential $1 Coins.”
As the author of the online Mint News Blog Michael Zielinski points out, however, it is possible that some error examples slipped into the supply for circulation.
“If any of these new errors do find their way into circulation, they will add to the interesting variety of Presidential dollar error coins such as ‘missing edge lettering’ and ‘double edge lettering’ coins,” Zielinski wrote.
[ back...]
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coinlover
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Joined: 20 Mar 2007
Posts: 315
Location: Festus Missouri
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| Posted: Tue Feb 19, 2008 4:40 pm Post subject: |
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thats too bad they got returned, i was looking forward of hearing about people getting them in their roll finds. and maybe getting one in change.  |
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imdaffy
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Joined: 06 Apr 2007
Posts: 344
Location: Moncks Corner, SC.
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| Posted: Fri Feb 22, 2008 11:20 am Post subject: |
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The problem I have is that the Mint announced the recovery on Feb. 9 and no one knew it untill Feb. 15th. The Monroe dollars was released on the 14th. Collectors like me, went out and purchased many times more than what they usually do. Now I have to pay for my next coin purchase with Monroe Dollars. Was this a way for the Mint to get those new Dollars into circulation? My guess is Yes! Have a Good Day  Daffy
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A nickel ain't worth a dime anymore.
Yogi Berra |
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TreasHunt
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Joined: 18 May 2007
Posts: 314
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| Posted: Tue Feb 26, 2008 5:22 am Post subject: |
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Now we just have to wait for those that the supplier 'just happened' to miss. |
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