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An unknown number of new George Washington dollar coins were mistakenly struck without their edge inscriptions, including "In God We Trust," and made it past inspectors and into circulation, the U.S. Mint said Wednesday.
The properly struck dollar coins, bearing the likeness of George Washington, are inscribed along the edge with "In God We Trust," "E Pluribus Unum" and the year and mint mark. They went into circulation Feb. 15.
The mint struck 300 million of the coins,
Originally posted by djohnsto77
I think I heard they think there is a maximum of 50,000 coins make without the edge inscription. If so, they will probably be a very valuable collector's item. If you get any of these coins look for the inscription.
Originally posted by djohnsto77
I'm pretty sure that means there were a total of 300 million coins struck, but only some (maybe 50,000) of those are missing the edge inscription.
The larger presses stamp out 600 coins per minute, the smaller 300, and one blow of the press strikes the obverse and reverse designs plus any design on the edge.
Source
Originally posted by shots
I am trying to gather all the conspiracy related stories on rthis now and here is one that alleges The ACLU has infiltraed the US mint or Government
In God We Trust
The national motto originated with Secretary of the Treasury Salmon P. Chase during the Civil War. Prompted by a letter from Rev. M. R. Watkinson, of Ridleyville, Pennsylvania asking for a recognition of "the Almighty God in some form in our coins.", Chase requested Congress to pass a law changing the composition of the 2-cent piece to include the motto "In God we trust". The law as passed on April 22, 1864. Eventually the motto appeared on many U.S. coins and currencies.
When the double eagle and eagle of new design appeared in 1907, it was soon discovered that the motto had been omitted. In response to a general demand, Congress ordered it restored, and the act of May 18, 1908, made mandatory its appearance upon all coins which it had heretofore appeared. The act approved July 11, 1955, makes appearance of the motto "In God we trust" mandatory upon all coins of the United States. (69 Stat. 290. 31 U.S. Code 324a)
Originally posted by Odium
Sometimes mistakes happen. If these people can make 600 coins a minute, it would take one hour to make 36,000 coins. I am not exactly sure how you get the number 14,400 Shots -
Originally posted by CAConrad0825
Other mistakes have been made in the past. Until I see a post from an expert on the subject of coin striking, this will all seem bunk to me.
Originally posted by Jessicamsa
I think it was done on purpose in order to get people more interested in the coins. .....
I think it is brilliant marketing strategy.
Originally posted by shots
OOOPs my bad I forgot to multiply the 60x60 then times 24. Even with the error as you pointed out; it still might take days, the mints only work one or perhaps two shifts a day at least according to a History channel program on coins.
[edit on 3/8/2007 by shots]