Tuesday, March 13, 2007

Error Coins are Fun!

Can you believe it? We now have physical evidence of a Godless George W. Of course I'm talking about George Washington and the recently discovered "error" coins. The new U.S. Dollar coin featuring George Washington (the first in a series that will be in production until 2016) has been released into circulation. However, a number of them (some reports put the number at 50,000) passed inspection that didn't have the date, mint mark, or the words "E Pluribus Unum" and "In God We Trust" (hence the term "Godless") that is printed along the outside edge of the coin. The first reporting of the error led to a sale of the coin on ebay for $600!! Currently they're in the $40-$50 range. It all reminds me of the Wisconsin state quarter error a few years back that led to speculative prices up in the $400 range (all because of an extra husk on an ear of corn), until the crowd calmed down and prices settled into the $80 range. Still, a $45 premium for a Dollar coin and $80 for a 25 cent piece? It makes me check the change I give and take.

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