Weak Edge Lettering, does anyone really care? 2007 Madison Pres Dollar

Discussion in 'Error Coins' started by JohnT, Aug 12, 2012.

  1. JohnT

    JohnT Newbismatist

    I found a 2007 Madison that has some weak edge lettering (see middle coin below):

    Weak_Lettering0.jpg Weak_Lettering1.jpg

    I found some folks selling dollars with weak edge lettering online. My coin is low grade and I don't think it's worth a cent more than face value, but I'm just curious if weak edge lettering is remotely collectible/valuable. Personally, I'm not that interested in this, unless I can make an honest buck.

    As always, thanks for entertaining my posts!
     
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  3. jhinton

    jhinton Well-Known Member

    Some people collect them, I don't. My personal opinion is that it is not an error, just a weak strike; just like any other weak strike on a coin.
     
  4. sunflower

    sunflower New Member

    Now a missing letter I could understand. A strong and crisp strike I could understand. A weak strike strikes as scraping the bottom of the fish bowl. Just one woman's opinion. To each's own.
     
  5. ML94539

    ML94539 Senior Member

    I agree with sunflower, don't think most people care about weak edge. Actually, I don't think most people care about presidential dollars. I do collect missing edge dollars though, I think I have 10 different ones
     
  6. Cazkaboom

    Cazkaboom One for all, all for me.

    Because the edge lettering is not struck on the coin but rolled on, I do not think of it as an error. They seem to be selling at more than face on ebay, so give that a shot.
     
  7. 19Lyds

    19Lyds Member of the United States of Confusion

    The entire premise behind the "Weak Edge Lettering" was an attempt to address the various edge lettering anomoloes which occured with the Presidential Dollars.

    Beginning with the rash of "upside down lettering" errors which sucked quite a few folks in on eBay and ultimately led to the deletion of any thread with the term upside down lettering (as an error), the US Mint issued a statement addressing the letter orientation on the coins and how they ended up like they did. Basic random positioning as they entered the edge lettering machine.

    PCGS began attributing coins with Position A and Position B edge lettering orientations.

    Along comes the "Missing Edge Lettering" Washington's of 2007 and a new rush was born. Folks were paying zillions for these coins even though noted error expert Fred Weinberg indicated that there were hundreds of thousands of these floating around. I think that more than 300,000 was the number initiallt published.

    Folks began looking at their presidential dollars and soon discovered that some of the coins actually had letters either completely missing or that were so weak as to make incomplete letters. These versions of the varieties were labeled as "Partial Edge Lettering", meaning that entire letters or words were missing, or "Weak Edge Lettering" meaning that parts of letters were missing. The missing portions could not be the result of coin damage such as being caught in the edge lettering machine or strategically placed hits on the edges of the coins.

    The end result, was to get the public actually looking at and collecting these coins along with the various edge lettering "varieties". Registry sets were built and the varieties were added as required coins for complete variety sets.

    It got to the point where PCGS even assigned coin numbers to edge lettering varieties which didn't exists in anticipation of them being found and submitted.

    In December of last year, the Secretary of the Treasury issued a statement that the US Mint would no longer produce Presidential Dollars for circulation over a broohaha raised by the Federal Reserve about having to spend $650,000 to expand storage for the unused Presidentail Dollars. (Turns out that the money was never spent as it was an idle threat to get the US Mint to stop producing the replacement for the Federal Reserve Cash Cow. Namely the one dollar paper note.)

    At any rate, once production stopped, and the coins were no longer available for face value at the local banks, interest in the series pretty much dried up. Even the First Day of Issue programs supported by PCGS and NGC were killed since the opportunity to run out and pick up a slug of these for bulk submission simply stopped.

    In reply to the question "does anyone really care?", today, I don't think many do.
    I used to.
    I used to buy and sell. I used to submit and enjoyed a certain profit level which enabled me to continue to do so.
    But.............the coins are now just as dead as the interest and unless something changes, only high grade examples will ever garner any premiums.

    As for the OP's coin? I'm off the opinion that it's NOT a Weak Edge Lettering coin as none of the letter's are missing any of their parts.

    085-2008-W Monroe WEL Pos B 12110693 PCGS MS66 Letter-02D.jpg

    Note how the top of the 2 is missing in the date of the above coin? Thats Weak Edge Lettering.
     
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