Missing Edge Lettering Grover Cleveland Presidential Dollars

CoinWorld has recently reported the discovery of Grover Cleveland (First Term) Presidential Dollars which are missing the edge inscriptions. This is significant since this error type had become very infrequent after changes were made to the production process.

When the Presidential $1 Coin Program launched in 2007, many George Washington Dollars began to surface which lacked the edge inscriptions. Initially, the US Mint had produced the coins in a two step process which involved first striking the coins in plain collar and then transporting the coins within bins to an edge lettering machine at a different location. This process apparently left plenty of opportunity for error.

Current census figures show that coin grading firms PCGS and NGC encapsulated more than 60,000 examples of the George Washington Dollars which lack the edge inscriptions. Overall estimates of the number of errors released to circulation are from 100,000 to 200,000 examples.

After the high profile error, the US Mint refined their production process to integrate the edge lettering within the production process. This greatly reduced the number of missing edge lettering errors which were released into circulation.

The US Mint began sales of bags, rolls, and boxes of the Grover Cleveland First Term Presidential Dollars on May 25, 2012. According to the CoinWorld article, at least two of the missing edge lettering errors were found within $500 coin boxes purchased from the US Mint.  The most recent sales report shows that orders have been placed for 700 of the $500 boxes from Philadelphia and 562 of the boxes from Denver.

In the past, I have commented about how the extra surcharge for this largest sized box makes the coins slightly more expensive than if two of the $250 boxes are purchased. At least in a few cases, the buyers received an unexpected bonus.

Have any readers found any missing edge lettering errors in their Grover Cleveland rolls, bags, or boxes?

Facebook Twitter Email

Comments

  1. Brad says

    I never bothered to buy any, but even if I had it would have been a $250 box or two. I couldn’t have brought myself to pay the surcharge for the $500 box.

    That same article talked about a guy who ended up with one of the errors, but traded it back to the dealer he got it from for a normal one with edge lettering since he “didn’t collect errors.” Can you say “STUPID”? Even if I didn’t collect errors, I sure as heck wouldn’t give away the windfall profit!

  2. face 1004 says

    This is definitely how you get a dead product moving but I still have no interest in these coins. Error or non-error.

  3. alva says

    Who cares if its missing the edge lettering still not worth above $2 to me thats just dump. Do people actually buys that at thosr prices.

  4. posterhunter says

    People opening the Cleveland rolls must feel like the kids in Willy Wonka, did I get the golden ticket?

  5. DCDave says

    I agree with alva. I’d spend maybe $20 for a “missing edge lettering” double die, multiple error clad presidential dollar.

  6. Charlie says

    I enjoy finding errors and I have several pres. error that I have been sitting on for a couple of years now including a coin that says on the side ” in GOOD we trust”
    Also Abe with no edge lettering. I need to send these in to get graded someday. Having to buy these from the mint has made me loose some interest because of price. And yes I feel just like Charlie when I find my coin. ( :

  7. Paul Stanbrook says

    I recently found a Cleveland first issue 2012D in circulation it does have edge lettering but its dirty so must have been circulating awhile got it in change from vending machine in Rochester, N.Y.

Leave a Reply

Your email address will not be published. Required fields are marked *