Against the Grain

Slightly more than just jibba jabba

Americans: We Hate Dollar Coins. Wait, We LOVE Messed Up Ones!

Posted by Patrick on 7 Mar 2007

Misprinted 2007 Dollar Coin Edges

When is a 2007 $1 dollar coin worth 600 times face value? Ask the person who threw down that amount on eBay for a rare misprint out of the U.S. Mint. On the thought that this may be a single coin in 300 million struck, it may have seemed like a reasonable price to pay. However, the Mint later admitted that there are more, and coin grading geeks claim there are at least 50,000 (1 in 6000 is still a small quantity) of these coins in circulation.

The properly struck dollar coins, bearing the likeness of the nation’s first president, are inscribed along the edge with “In God We Trust,” “E Pluribus Unum” and the year and mint mark. They made it past inspectors and went into circulation Feb. 15.

Of note, the misstricken coins are believed to have come from only the Philadelphia Mint at this point, and the mistake is being blamed on “new technology” used to help speed production and reduce defects.

I’m a proponent of the dollar coin as a replacement for the dollar bill — not soapbox professing level, but they make more sense and they save (hundreds of) millions of dollars in manufacturing costs over time.

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7 Responses to “Americans: We Hate Dollar Coins. Wait, We LOVE Messed Up Ones!”

  1. Jo Ann Robbins said

    How many were minted with the misprint? What is it worth? Jo Ann

  2. Patrick said

    the edgeless ones, at least 50,000 were printed according to most coin geek experts.

    There is a new misprinted coin that was out of Denver — the coin is blank on the front and back but has the proper edge inscription. So far only one of those has been reported, and it was in Fort Collins, CO.

  3. Roslaie McLean said

    My son has 3 of the new dollar coins that have “In God We Trust” on the sides but they are upside down (he says they were printed with the tail side up instead of the head side up.) What would these be worth??? Do you know where I can find out??
    Thanks………….Rosalie

  4. Patrick said

    Neat. Rosalie – I’d consult some coin geek websites like pcgs.com for rarity and pricing information. But I will say that it’s unusual for current-year coins to carry a collectible value immediately since the number in circulation isn’t determined.

  5. Roslaie McLean said

    Where can I go to find out what 1929, 42, 45 etc half dollar (walking liberty)pieces are worth without having to pay for appraisal?
    Thanks
    Rosalie

  6. Amanda said

    if the coin heads up and the side engravings is right side up, is it worth alot of money?
    i have some with it upside down and right side up.

  7. Patrick said

    rosalie and amanda, I do not know. Perhaps there is a local numismatist shop who could guesstimate it for you.

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