2 free interesting articles....

Discussion in 'Error Coins' started by tammiGee, Dec 28, 2018.

  1. tammiGee

    tammiGee Active Member

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  3. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    The second article was written by @mikediamond

    He is also a CoinTalk member
     
  4. TIF

    TIF Always learning.

    From the first article:

    “Private individuals should be advised of the potential numismatic value of their misstruck coins and then offered an exchange at face value,” according to the Fed policy.

    o_O


    "Hey, that funny-looking nickel is worth $XXX at Big Slab Vendor Auctions. I'll buy it from you for a nickel."

    What kind of idiotic policy statement is this? Is the mint just trying to help the modern coin collecting industry by promoting awareness and desirability of error coins by saying they are quasi-illegal to own?
     
    paddyman98 likes this.
  5. LakeEffect

    LakeEffect Average Circulated

    Well, the official policy is this:
    NO imperfect coin shall ever leave the Federal Reserve and enter circulation.

    What actually happens is this:
    "Sir, some nerd just found a 50% off-center Jefferson at Walmart."
    "What?!? That's not allowed! Retrieve it at once and replace it with a perfect specimen!"
    "If we do that, there will be a big stink when the folks on Coin Talk declare it was worth ten bucks and we only gave him a nickel for it."
    "Ok, tell the nerd it's worth 10 bucks, then see if he'll allow us to replace it with a perfect specimen."
     
  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    Our government can only admit to being perfect. Any error coins must be removed from circulation.
     
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