Melville, New York (PRWEB) October 1, 2007 — Established in 1999, Coinland.com (http://www.coinland.com), located in New York, is a pioneer in the coin collecting business. The company announced today that after assessing values of two-headed quarters they have not found any resulting millionaires.

Individuals find these two-headed quarters in circulation and hope that they’ve found some extremely rare government mint error. They then have a company like Coinland.com assess the true value of the two-headed quarter only to learn that their coin is not genuine and is worth very little, usually between $5 to $15, depending on how well it’s made and what the face value of the coin is.

Two-headed quarters found in circulation or purchased at swap meets are not made by the U.S. Mint. Rather they have been created as a novelty device, used in magician’s tricks or for pranks. (more…)

By Ken Potter on Numismaster

Bruce Countryman of Iowa has reported what appears to be the first confirmed “plain edge” Thomas Jefferson Presidential dollar found. The coin is without the edge inscription, or what is commonly referred to in the hobby as a “plain edge” or “smooth edge” error.

After tens of thousands of the plain edge errors were found on Philadelphia and Denver Mint examples of the George Washington dollars (officially released on Feb. 14), and a much smaller but significant number were found on the Philadelphia John Adams dollars, (officially released on May 17), hobby observers predicted that the same error would repeat itself on the Jefferson dollar. However, weeks went by after their official release on Aug. 16 before one was actually found.

In the years since 1991, when the Bureau of Engraving and Printing’s Western Currency Facility began operating in Fort Worth, Texas, collectors of current Federal Reserve Notes have grown accustomed to checking for the facility’s “FW” mark on their paper money. Many collectors now seek examples of both Washington, D.C., and Fort Worth notes from each district or block when available.

Some go even further and try to collect all the serial groups formed when production shifted between the two facilities more than once within a single block.