Written by the TreasureGuide for the exclusive use of treasurebeachesreport.blogspot.com.
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| 1775 8-reale Error Coin. Source: MintErrorNews.com (See link below.) |
But what has happened to this particular piece? First, it was struck slightly off-center to about 7:30 o’clock. Then it flipped over and was struck a second time, about 75% off-center to 7:00. However, during the second strike it was sandwiched between the obverse die on one side, and the obverse of an already struck coin on the other. This produced a partial brockage (indent of the the obverse of an already struck coin) on the obverse of our coin, and a clear flip-over, double-strike on the reverse. The 1775 date is indicated by the “75” that shows from the second strike on the reverse...
Here is the link for the rest of that article.
I've been spending some time looking through coins to see if I can find any good mint errors. An error penny can be worth more than a Royal escudo. Mint Error News lists one error penny that sold for 1.7 million dollars. In fact they list 100 error coins, all of which sold for over $29,000.
Here is a list of the top 100.
https://minterrornews.com/news-1-10-12_top_100_prices.html
If you want to learn about war pennies struck on the wrong metal or three legged Buffaloes, take a look.
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I received a few thoughts on the mystery item I posted yesterday, but will wait a few more days to see if I get any more responses before I tell you what I think it is. Please send your ideas on that.
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According to the Federal Reserve web site there is about thee times the amount of cash in circulation today as there was in 1997.
Today there is something over $1.6 trillion. I don't know why there is so much increase. I wouldn't expect that.
Here are some interesting tables.
Here is the source link for those tables.
https://www.titlemax.com/discovery-center/money-finance/how-many-dollar-bill-circulated/
I was trying to find how many coins are thought to be in circulation today, but couldn't find that. I bet they have no idea how many are lost.
Over half of all coins produced in 2016 were pennies.
How many coins and bills are lost, collected or stored away is another thing.
Happy hunting,
Treasureguide@comcast.net
