In the August 20 Coin World there is an article on how the US Mint is keen on ending any significant edge inscription errrors on the presidential dolllars. According to the article the Thomas Jefferson dollar was the first presidential dollar where the tightened quality control was in full operation from the beginning of production. So far it looks to be working because on ebay there are no significant errors, but just of bs little die chips or whatever someone is trying to make a couple dollars on. I think this bodes really well for holders of Adams/Washington smoothies and double struck because the less errors that show up means that there is more money to go around for the current washington and adams errors. Saturation was my biggest concern about these errrors and I wondered what would happen everytime a new president comes out and there are 10,000 smooth edges and 10,000 double struck that show up, therefore leaving an abundance of errors out there and the only question that one would have which president do I want a smooth edge or a double struck for. I'm a big fan of these and I can't wait to see where prices are a year from now.
i have a load of jefferson-p coins that have extremely weak edge lettering and some are so weak that you can barely see the "trust" ... others have die cracks on both of jeffersons eyes making the eyes look like raccoon eyes ... the die cracked parts are shiny like a proof coin
I wonder, if Congress mandates "In God we trust" returning to the Obv. or Rev. will the edge inscription go away entirly? And, how would that effect prices.
that would be interesting ... lol then people who dont research will get rolls full of lincoln smoothies and be like GOSHH MAN SCORE!!!! lol
So far all that has been done is the house has passed an amendment that forbids the mint from spending money on making dollar coins with edge inscriptions. The Senate hasn't done anything with that amendment. If they do pass it it doesn't remove the inscriptions from the edge, it just stops the mint from making them. So the coins will be authorized, but their production forbidden. No more President dollars until they get the laws fixed. The Senate also has a bill that puts the inscriptions ON the edge of the Sac dollar, and changes the reverse design each year. If that bill becomes law and that amendment is passed then they will also be both authorized and their production forbidden as well. (The Senate bill hasn't moved since it was referred to committee back in February though.) If they do manage to correct the amendment to remove the inscriptions from the edge, but they don't specify where they are to appear on the coin, then they will be removed completely because their is no legislation to require them to be on the coin. (There are laws that do require them on the coins, but the dollar legislation specificly exempts the dollar coins from those laws.) So if they take them off and don't specify where they are to appear, that means no IGWT, no E Pluribus Unum, no DATE, and no mintmark.
