Cancelled State Quarters

We made a fun purchase last week!! The wife found them in an antique shop. We liked them and we bought them!!

 

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Those are cool. I've always wanted a waffled coin. May I ask how much the set cost? Looks like it is in one of those HSN "Real Cherrywood" boxes and actually slabbed by PCGS.

 

Probably paid too much! It was $129.00 FIRM!!!! But we really liked it so off the deep end we went!!!

 

Yeah, too rich for my blood But still a cool set.

 

Great set, Nice find. To rich for me too.

 

Awesome purchase! As the others said, I have also looked into getting a waffled coin, but they normally go for more than I'd want to spend on one

 

@1stSgt22 that is a really nice set of Cancelled State Quarters; while the fact that there are cancelled coins that are available from the Mint, the cancellation itself and its positioning on the coin and how it appears to the observer are most likely unique.

 

Nice conversation pieces!

 

The mint will do anything to make money! When the mint catches an error/mistake on a coin it is sent to the waffler machine. From there they are supposed to back for remelt and reprocessing back into strips to be punched. But I guess the mint can do whatever they want with them. I must say that they look great and are definitely a conversation starter. Worth the price for something you really like. Beats a good meal that is gone before you leave the restaurant.

 

Wow great find. How many "honey dos" do you owe her? You lucky devil... Thanks for sharing them.

 

I have a few Canceled quarters but not as fancy and PURDY as yours.

 

Nice set. Was there a COA from the mint ? Do you think they are aftermarket?

 

Are these quarters rejected by the U.S. Mint due to errors? And then they use a special die to deface them? If so, how did they get out of the Mint? Or is this something else?

 

The only thing the mint had to do with these is they struck the coins and then rejected them and waffled them. The mint does not make the strip, they just punch the planchets from it. The chopped up punched out strip, and these waffled rejects are sold as scrap metal, usually back to the manufacturers of the strip, but they can be purchased by anyone. (GSA surplus materials sales, most likely in multi-ton lots. That's how the 1968 S proof dies got out into the market. The GSA sold 55 gal drums of defaced proof dies as scrap and they were purchased by in individual and sold into the numismatic market.)

Most likely these waffled coins are coming from workers at the metal processors. Kind of like how a lot of error coins come from the people working at the armored cars services that roll ballistic bags of coins from the mint. Or large dealers who get and roll ballistic bags to sell new rolls.

 

Very nice Sarge! Good thing the wife liked them. Here’s mine but they aren’t as nice or graded like yours. No special box either. It’s nice to have a few but I think yours are special.

 

Ya done good on that one as in auction, they are going for $70 to $90 EACH, without a nice presentation box.

 

I would say you did just fine!

 

What grade do the coins have?

 

No COA!

 

BU