At least four 2012-P Grover Cleveland, First Term Presidential
dollars missing the edge inscriptions have surfaced, in three
According to Encino, Calif., error coin dealer Fred Weinberg, who
owns two of the four dollars, the Grover Cleveland coins are the first
Presidential dollars lacking edge inscriptions to appear since the
same error was detected on the James Buchanan dollar, which was
released into circulation Aug. 19, 2010.
As of Aug. 24, all of the completed transactions for the
discovered coins appear to have been conducted by private treaty,
though one coin owned by a Wisconsin dealer was being offered on eBay
for $2,350 with the “Buy It Now” option. As of Aug. 22, the eBay coin
— graded Mint State 64 by Professional Coin Grading Service — had not sold.
All four of the Grover Cleveland, First Term dollar missing edge
inscriptions were obtained from rolls of circulation-quality 2012-P
coins obtained directly from the United States Mint through its
numismatic sales options.
The incuse edge inscription that should be on the coins is 2012 P
★ ★ ★ E PLURIBUS UNUM ★ ★ ★ ★ ★ ★ ★ ★ ★ ★.
Weinberg acquired the discovery piece from Robert Rongey of Gulf
South Coins in Metairie, La., in late July. Weinberg then submitted
the coin to PCGS where it was certified MS-65 and encapsulated with
the “Missing Edge Lettering” attribution on the grading label.
Shortly after receiving the coin from Rongey, Weinberg purchased a
second example, from Alan Lay of A & A Collectibles in Alabama.
Weinberg said he also plans to have Lay’s example certified by PCGS.
Weinberg initially valued his coins at $2,500 each when just two
examples were known. However, with the eBay offering at $2,350,
Weinberg revised his estimates of value. “I’d now say the value would
be $2,000, unless more than a half dozen or so are discovered, ...” he said.
Rongey told Coin World Aug. 21 that the Missing Edge
Lettering Cleveland dollar he sold to Weinberg (neither dealer would
disclose the price paid) had been turned down by a collector who had
come into his store July 12 to buy the latest Presidential dollar.
Rongey said he had purchased two $500 boxes of rolled Cleveland
dollars from the U.S. Mint and placed a roll of coins from each Mint
into plastic tubes from which collectors could purchase single examples.
One collector, who has been purchasing two examples of each
Presidential dollar from each Mint, informed Rongey he could not find
the Mint mark on one of the strikes from the tube containing
Philadelphia Mint coins. When Rongey told him the coin was an error
missing the edge lettering, the collector asked for a replacement with
edge lettering because he didn’t collect errors.
Rongey said another of his customers reported to him at the
Alabama Numismatic Society’s July 20 to 22 annual show in Bessemer
that he had also discovered one of the Cleveland dollars missing edge
lettering among the pieces he purchased from Rongey’s coin shop the
Lay said the Cleveland dollar that he sold to Weinberg had also
been found in a roll from a $500 box of rolled coins purchased by
another dealer directly from the U.S. Mint. Lay had purchased two
Philadelphia Mint rolls and two Denver Mint rolls from the box during
the same Alabama show that Rongey attended.
Jim Essence from Jim’s Coins and Stamps in Madison, Wis., said the
Missing Edge Lettering dollar he is offering on eBay was brought into
his shop sometime in June by a collector who discovered the error in a
roll of circulation-quality dollars obtained directly from the U.S. Mint.
Essence said he didn’t submit his example to PCGS until July 31,
which was after Weinberg had submitted Rongey’s example to the grading service.
None since Buchanan
Weinberg said circulation-quality Presidential dollars missing
edge inscriptions are known on all designs from George Washington in
2007 through James Buchanan in 2010. A number of Satin Finish
Presidential dollars missing edge lettering have been found in annual
Uncirculated Mint sets, he said.
Tens of thousands of 2007-P Washington dollars were released into
circulation sans edge lettering. The general public began dubbing the
errors “Godless dollars” since the edge inscription was missing the
motto IN GOD WE TRUST. Many of those coins were sold at $250 each and more.
The public criticism about “Godless dollars” being released led
Congress in 2007 to order the motto be moved to the obverse or reverse
of the coins at the Treasury Department’s discretion. Treasury chose
to use the motto on the obverses of the Presidential dollars.
In 2009, beginning with the William Henry Harrison dollar, the
motto IN GOD WE TRUST was moved from the edge to the coin’s obverse,
below and left of each presidential portrait, next to the president’s
dates of term in office.
Changes in production procedures
The edge inscriptions on all circulation-quality Presidential
dollars are applied after the coins are struck inside a plain collar.
Since the first coins were released in 2007, the U.S. Mint has made
changes to how struck dollars are moved from the coining presses to
the edge inscription stations.
All four Presidential dollar designs struck in 2007 at the
Philadelphia Mint and Denver Mint had the edge inscriptions applied on
separate equipment that was located in an area outside the press area
of the production floor. The struck coins were transported to the edge
inscription equipment in large bins.
Beginning with the 2008 James Monroe Presidential dollar, the
edge-lettering operation was integrated as the final step in the
production process. Far fewer Presidential dollars without their edge
inscriptions have been released since the production changes were