Adams Dollar Error Update

First if you were one of the lucky few to find a smooth edge tuck it under the mattress for a few months. I'm from Michigan and I have actively searched for these will little luck in finding them and the few people that I have talked to have also found very little of these even after opening hundreds or thousands of rolls and with the few they have they are not sellers at this time. The rarity of these will probably be around a few thousand and with over 100k Washington Smooth ones out there it is very possible that these Adam's Smooth ones could be 30 to 40 times as rare. Washington Smooth ones sell for $100 in decent grades, so in my opinion even with slabbed ones currently going for $800 or more they are still way undervalued relative to the Washington Smooth ones. As for the double struck, NGC has finally stated releasing their numbers and only about 1000 have been graded so far, whereas right off the bat NGC had already graded around 10,000 Washington Smooth ones when they first released those numbers. In other words, it appears the double struck adams are no where near the rarity of the Adam's smooth edge, but it is appearing that they will be much rarer than the Washington Smoothies, but to be on the safe side we will probably need about a month to see what kind of numbers are coming in each week from ngc and pcgs. The Mint problems with these double struck and smooth ones will probably be it for the presidential dollars because the US Mint is probably really ****ed off right now that this happened again and you can bet they do not want to be looked at as an organization that doesn't know how to produce coins, so I bet it is safe to assume that this will never happen again with the presidential dollars and that we have seen the last of smoothies and double struck presidential coins, therefore making these that much more valuable and below is an article that reassures this point:



(Newport Beach, California) - Despite increased precautions to make sure the embarrassing error would not be repeated, the United States Mint again has mistakenly struck so-called "Godless" dollars. Hundreds of the new John Adams presidential dollar coins, officially released into circulation on May 17, now have been found without the edge lettering, according to Ron Guth, President of the Professional Coin Grading Service of Newport Beach, California, a division of Collectors Universe, Inc. (NASDAQ: CLCT).

The "Godless" nickname was given to the coins because the familiar motto, IN GOD WE TRUST, is missing from the edge.


Tens of thousands of George Washington dollars were released in January lacking the edge lettering that includes the mottos IN GOD WE TRUST and E PLURIBUS UNUM, the year of issue (2007), and the mintmark. Now the same mistake is appearing on the second in the series of one-dollar coins honoring U.S. presidents.

"We have authenticated a small number of genuine John Adams presidential dollar coins that were struck with normal designs on the front and back, but which failed to go through the final minting process where the coins receive the edge lettering. These error coins were discovered by a Detroit collector when he opened several mint-sealed containers of coins made at the Philadelphia Mint," said Guth.

"There are indications that about 500 of the President Adams 'Godless' dollars have been found so far and that's nowhere near the large quantities we saw with the President Washington dollars. It appears the Mint's efforts to prevent that kind of problem have been almost completely successful. However, now we're seeing some coins with doubled edge lettering, so that IN GOD WE TRUST actually appears two times on the same coin," said Guth.


To prevent coin production defects, the Mint modified its processes and added more quality-control inspections at the Philadelphia and Denver Mints earlier this year. Production equipment was moved to keep coins without edge lettering separate from finished coins with the edge lettering, and color-coded bins are used for holding finished coins.

"It's too early to put a final price tag on the collector value of Adams presidential dollar errors because no one knows how many others will turn up. But it's certainly an interesting discovery, and will prompt people to look for more," said Guth.

END OF ARTICLE THE REST BELOW IS MY OPINION AND WRITING

My prediction and my opinion only is that slabbed 64 double strucks will be selling for $300 within two months and 64 smooth edge adam's dollars will be selling for around $1500.

 

Log in or Sign up to hide this ad.

This is the second time you have brought these up with basiclly the same subject content - It seems you are just pumping them to drive your prices-

Just MY 2 cents-:desk:

 

Thats the same impression I got.

 

Hey, he has 5 posts. That's a lot!

 

In securities scam lingo that's called "Pump and dump."

 

People,can we just be polite and listen to his point ?

 

I believe that my Barbers are going up, and I don't care who knows it.

So, he has an opinion.
It doesn't bother me.

 

Hey, listen

my post has received 7 or 8 views and will probably receive maybe another 20. Ok, out of these viewers how many will be error collectors?? Maybe 3 or 4. Now how many will pull the trigger because of my post?? Maybe 1 or 2. Now on ebay between the double struck and smoothies you have probably close to 1000 that trade each week, so do you really think that 1 or 2 buyers that I might bring to ebay is going to influence the prices??? Yes, I'm biased because I have these and I look to this forum for helpful information pertaining to these Adam's double struck/smoothies and I'm just doing my part by sharing information with others who have also provided helpful info. If my post was published on the front page of coin world and then it would move prices, but being read here on this forum by 20 or so people isn't going to do anything.

 

Chris,

I agree with you. God forbid someone is excited about a potential rare coin they have and want to post.....

 

My Barber only charges $10 for a cut :goofer: :goofer:

 

I think ya'll need to rethink this idea that you have. These coins really aren't as rare as they seem to be. Also, almost all coins go up at first and then they come back down. (BTW--The post count thingy doesn't work so you might have gotten more views than that.)

If you don't mind my asking---what is your background in coins? Do you collect or invest? How many years have you been doing it?
I did buy some Washington Dollars without the edge lettering...I think the average that I paid was something like $75 per coin. But even when looking at these the price went up...and now is back down. That is something else...you see, the reason some of these people don't put much stock in your post is that back when the Washington Dollars came out there were some people who came here and posted about how rare these are (Pretty much like your post above) and then never came back....they weren't interested in anything other than hyping up sales. I hope the same won't be said for you.

Again---I think you need to rethink your idea on these coins----while they are odd...I don't think they will be worth much down the road. I've been wrong before...I'll be the first to say that...but if you really are interested in coins might I make some suggestions and that is that you take a look at some interesting coins such as the Frankling Half Dollars, Buff Nickels, Jefferson Nickels and such!

Speedy

 

Chris:
I agree. So, Continue posting your opinions, if someone disagrees, they can skip the post.

Philly:
Thanks: LOL.

 

Jim,
I was hoping you would post! I'll post again later---I'm on the run

Speedy

 

This may be a dumb question, but as I said before I'm pretty new at this. Regarding the regular printed edges (not the 'smoothies') on the John Adams Dollars; did they come with both a 'shiny' finish and a 'mat' finish on the edge?

I have a roll of John Adams Dollars and all of 2 of the edges are very shiny and the other 2 are a mat finish. The mat finish is absolutely beautiful.

Nana (CoinNewbie)

 

"Regarding the regular printed edges"

Not sure about the rest of your question, but please note: they are not printed, they are minted.
The BEP (Bureau of Engraving & Printing ) prints, the mint mints.

 

got four rolls of john adams

i got four rolls of john adams dollar today. hopefully, i can got other presidents as well.

 

Ok, I meant the engraving. Does everything have to be politically correct on this forum??

 

These guys and gals are tough in here.