Coin World is reporting that the U.S. Mint has accidentally struck between 70,000 and 140,000 Monroe Presidential Dollars on planchets (coin blanks) intended for Statehood Quarters! The error coins were detected and intercepted by the contractor (CoinWrap Inc.,) that wraps the Presidential Dollars for the U.S. Mint. During the coin-wrapping process, CoinWrap workers discovered some “irregular” dollars among Monroe coins struck at the Philadelphia Mint facility. Of course, the contractor immediately Did The Right Thing and gathered all of the misstruck coins and returned them to the U.S. Mint, which will (presumably) destroy them.

The Monroe Presidential Dollar isn’t due to hit circulation until February 14, but banks have been able to order the coins from the Fed since the beginning of February. It will be interesting to see how many of these amazing “wrong planchet errors” actually surface, and in what parts of the country they are found. Read Full Article