Editor’s Note: Below are photos of a coin edge lettering machine. The new Presidential Dollars features edge lettering that includes the date, Mint mark, IN GOD WE TRUST and E PLURIBUS UNUM. Due to the minting process used on the circulating coins, the edge-incused inscription positions will vary with each coin. The chances of getting upside down rims are about 50/50. This is not a mint error.
After the minting process is completed, the Presidential Dollars leave the U.S. Mint in huge containers called “ballistic bags,” which hold 140,000 dollars in each bag. These dollars are then counted and rolled by several companies that have contracts with the U.S. Government. Eventually the Federal Reserve Banks distribute these coins to banks across the country.
A Statement from the United States Mint:
“The United States Mint has struck more than 300 million George Washington Presidential $1 Coins. We have recently learned that an unspecified quantity of these coins inadvertently left the United States Mint at Philadelphia without edge-lettering on them. It is unknown how many of these coins without inscriptions on the edge have been placed into circulation.
The United States Mint understands the importance of the inscriptions ‘In God We Trust’ and ‘E Pluribus Unum,’ as well as the mint mark and year on U.S. coinage. We take this matter seriously. We also consider quality control a high priority. The agency is looking into the matter to determine a possible cause in the manufacturing process.
Production of the Presidential $1 Coin, with its unique edge-lettering, is a new, complex, high volume manufacturing system, and the United States Mint is determined to make technical adjustments to perfect the process. As we adjust this new process, we intend to eliminate any such defects.
Consistent with the agency’s practice in such situations, the United States Mint has informed the Office of Inspector General of the U.S. Department of the Treasury about this matter.”
Notice the plain edges in the photos.
Editor’s Note: There are many altered and buffed Washington Dollars that are not genuine mint errors. It is very important to have these “missing edge lettering” Presidential Dollars authenticated and certified by PCGS, NGC, ICG or ANACS.