Monroe Presidential Dollar Errors Report

When leading error coin dealer Fred Weinberg began dropping hints a few weeks ago that some Monroe Dollars which had been struck on State Quarter planchets had escaped the Philadelphia Mint, many people were understandably skeptical, since a "wrong planchet" type error is very rare. (This error is also sometimes called a "wrong metal" error.) However, when the U.S. Mint actually confirmed the existence of these error coins, the excitement started to build. Did the Mint recover them all? How many would find their way into circulation? How many did Fred Weinberg already have stashed away? ;)

So far, none of the Monroe "wrong planchet" errors have surfaced that I have heard about. Although there are a few dozen Monroe Dollar error auctions on eBay, they are for the old yawners like the so-called dropped letter errors, shifted edge lettering, and an assortment of clash marks and minor die breaks.

The Monroe Dollars officially went on sale yesterday, (Feb. 14) following a public launch in Virginia the day before. Collectors have been able to get them from banks for more than a week now, since many banks don't bother to follow the official release schedules. If you think you might have found one of these remarkable off-metal Monroe Dollar errors, contact me right away at coins.guide@about.com to make sure you get discovery credit (pending confirmation of your coin.)

Monroe Dollar Errors - More Information

• How to Tell if Your Monroe Dollar is Struck on a Quarter Planchet
• Major Monroe Dollar Error Confirmed by the U.S. Mint

For Presidential Dollar errors in general, along with descriptions of how some of these errors are made, see my Presidential Dollar Error Coins photo gallery.

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Photo credit: United States Mint image.