Next Wave of Dollar Coins
(Newport Beach, California) - Coins depicting John Adams, the second in the series of Presidential Dollars, officially enter circulation on Wednesday, May 17, 2007, and collectors are eager to see if any major errors appear.
“We applaud the United States Mint for its overall high quality of production of its circulating coinage, but in any kind of mass manufacturing process mistakes are bound to happen. There’s been tremendous interest by collectors and the general public in the George Washington dollars that were released without the edge lettering. Will similar errors appear on the Adams coins? We should know soon,” said Ron Guth, President of Professional Coin Grading Service.
In addition to numerous examples without edge lettering, PCGS has certified a Washington dollar struck with only the edge lettering; there was no obverse or reverse design. The company paid a $2,500 finder’s reward to a Colorado couple who found the coin in a roll of dollars and submitted it to PCGS for certification this past March.
PCGS is still offering $10,000 finder’s rewards for the first people who submit for verification two other types of dollar coin errors: a genuine, Sacagawea golden dollar coin mistakenly struck with the edge lettering intended for the new Presidential dollar coins, and an example of an over-strike with the both the Sacagawea and Presidential designs on the same planchet.
“We’re asking the public, collectors and dealers to carefully look at their money. You never know what will show up,” said Guth.
PCGS is the world’s largest rare coin authentication company and a division of Collectors Universe, Inc. (NASDAQ: CLCT).
For additional information about Professional Coin Grading Service, contact PCGS at (800) 447-8848, or by e-mail at info@PCGS.com.