New Mexico collector Tommy Bolack now owns an even dozen of the known
(2000)-P double-denomination mule error coins featuring a George
Washington obverse from the State quarter dollar series and the
Soaring Eagle reverse from the Sacagawea dollar.
Bolack’s latest acquisition brings to 12 the number of examples he
owns among the now 16 known examples.
Bolack said May 7 that he paid $85,000 to acquire from Fred Weinberg
at Fred Weinberg
and Co. in Encino, Calif., on May 4 an example graded Mint State
66 by Professional Coin
Grading Service. The coin is a previously unreported example. It
is identified from Die Pair 1. Three different obverse and reverse die
pairs are identified for the 16 known examples.
Weinberg said he secured the 16th example several weeks ago through
another dealer. The provenance of the now 16th known example of the
double-denomination error was not disclosed.
Cornering the market for the mules
Bolack has spent hundreds of thousands of dollars acquiring the
error coins. The highest publicly known price for any of his mule
errors is the $117,500 he paid to acquire a Numismatic Guaranty Corp.
Mint State 67 example from Die Pair 1 from Stack’s Bowers Galleries’
Aug. 6, 2014, auction.
Bolack said he has made overtures to acquire the examples he doesn’t
own, if he’s been able to identify and contact their current owners.
What is the coin?
A mule error is a coin or medal struck with dies not intended to be
used together. In the case of this double-denomination mule error, an
obverse die from a State quarter dollar was set into a coinage press
at the Philadelphia Mint in 2000 and mated with a reverse die from the
Sacagawea dollar, in essence creating a $1.25 coin. The coin was
struck on a manganese-brass clad dollar planchet on a press dedicated
to Sacagawea dollar production.
The error coin appears without the date of issue because neither die
in the mismated pair was designed to carry the date. The date for
Sacagawea dollars appears on the obverse of a normal coin. On State
quarter dollars, while the Mint mark appears in the right field on the
obverse, the date appears on the reverse of normal coins.
The first example of the double-denomination mule error was reported
to the numismatic community in May 2000 by Frank Wallis from Mountain
View, Ark., who found an example in a 25-coin roll of Uncirculated
circulation-quality Sacagawea dollars from First National Bank & Trust.
Gambling on a Morgan dollar roll: Inside Coin
This week, examines what happens when you gamble on a roll, as well
as some unwanted surprises that buyers face.
A roster of the first 15 examples known and the price (where
disclosed), along with grading service and grade, can be found at
Weinberg’s website under the Error News tab here.
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All 16 known examples of the error have been graded and encapsulated
by PCGS or Numismatic
Diagnostics for the three known die pairs are as follows:
➤ Die Pair 1: The reverse for Die Pair 1 exhibits a die crack in
the F in OF in UNITED STATES OF AMERICA that is absent from the
reverses from Die Pairs 2 and 3. The obverse exhibits numerous radial
striations attributable to stresses involved during striking,
resulting from the slight differences in size between the two dies.
➤ Die Pair 2: Die Pair 2 exhibits a perfect obverse die, but a
reverse that shows three noticeable die cracks: one each projecting
from the rightmost points of the stars above
the E of ONE and D of DOLLAR and a third, curved die crack running
along the wing directly above these two letters.
➤ Die Pair 3: For Die Pair 3, the obverse has been described as
“fresh and frosty.” The obverse of the Die Pair 3 coins shows just a
hint of the radial lines found on the discovery example. A small die
gouge appears in front of Washington’s lips. The reverse appears
perfect and exhibits no die cracks.