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Message:: [QUOTE="Conder101, post: 929784, member: 66"]When the mint finds a problem on a coin and rejects it they run it trough the "waffler" to "cancel" it and render it into a non-legal tender piece of scrap metal.  In the past these rejected coins were not waffled and when they were shipped back to the coinage strip manufacturers for recycling they had to be accompanied by armed mint police  for security because they were still legal tender and the security would have to remain until such time and the coins were melted down. Now with waffling they are just scrap metal and the security measures are no longer needed.  This results in a big savings for the Mint. Now this scrap metal is offered for sal by the mint and it is usually purchased by the strip manufacturerers but it can be purchased by other metal recylers as well.  Once it is purchased and they take possession of the scrap it belongs to them and they can do what ever they want with it.  In some cases people have bought some of these waffled coins, they have had the coins slabbed and  they offer them for sale. Now you know about waffled coins And before you think about making your own, the company that manufactures the waffler provides a different "crush pattern" to each purchaser so it would be possible to determine whether or not a coin was actually waffled by the mint or by someone else.[/QUOTE]