- Discovery Coin -
The first known lettered-edge, blank planchet Presidential dollar was discovered by Ray and Many Smith of Fort Collins, Colorado. This error was found in a 25-coin roll from a local bank. The Smith’s sent the coin to PCGS for certification and will receive a $2,500 reward for this Discovery Coin. Ron Guth, the PCGS President, stated that “although we anticipated its appearance, we never expected one to appear so quickly. Nonetheless, PCGS is thrilled to be able to certify the discovery example, and we congratulate Ray and Mary Smith on their lucky find. We’re also happy that our reward program is helping to bring important rarities to light.”
This type two (raised rim) planchet somehow made it to the final stage of the Presidential dollar minting process without being struck or burnished. The incuse edge lettering is complete with the date, mintmark and the two mottos, In God We Trust and E Pluribus Unum.
Ray and Mary Smith contacted us and wanted to share their discovery coin with the readers of Mint Error News Magazine. They sent us these photos of this incredible mint error in the PCGS holder.