January 20th, 2006 05:24 PM
Wisconsin Your Quarters Are Worth Big Bucks
WASHINGTON (Jan. 20) - The release of thousands of flawed Wisconsin state quarters that set off a buying frenzy, and speculations of foul play, was a mistake stemming from an ill-timed meal break, a government investigation has found.
Note the extra leaf on the bottom left of the corn husk.
As many as 50,000 of the faulty coins, 50 times the amount earlier thought, entered circulation in 2004 after the coins were produced and bagged during an operator's break, according to the Treasury Department's Office of Inspector General.
The flawed Wisconsin coins, which have sold for thousands of dollars, appear to have an extra leaf on the left side of an ear of corn. The Wisconsin quarters went into circulation in 2004 as part of the 10-year state quarter program run by the Mint, an agency in the Treasury Department.
The quarters "were most likely produced as a result of machine or product deficiencies, not as a result of an intentional act," according to the report, obtained by USA TODAY through a Freedom of Information Act request.
According to the report:
· A press operator at the Denver Mint working on a Friday night in November 2004 noticed blemishes on coins produced at one of the five presses he was operating.
· The operator stopped the machine and left for a meal break.
· The operator returned to see the machine running and assumed someone else changed the die.
· When conducting regular inspections, the operator realized the die was not changed. The press likely had been operating for 1½ hours, and thousands of coins were "commingled" with unblemished quarters, the report said.
No one was fired as a result of the incident. Mint spokeswoman Becky Bailey says by the time the final error was realized, the quarters were bagged and ready to be shipped. It would have been too costly to separate the blemished quarters from the good quarters by hand or to destroy them, Bailey says.
"Over the years, we have greatly tightened our quality control, and this is a highly unusual occurrence," Bailey says, noting 5 million quarters are produced daily at the Denver Mint.
The flawed quarters have popped up mainly in Tucson and San Antonio.
One set of three Wisconsin quarters, two flawed and one in good condition, sold for $2,800 on eBay Tuesday.
"Unless there is a hoard out there (that would flood the market), I would be very surprised if it reduces the value very much," she says.
January 20th, 2006 06:09 PM
wow.................if I had $2,800 just sitting around THAT'S what I'd spend it on.
si vis pacem, para bellum
protego communis bona
January 20th, 2006 06:18 PM
Yeah,either that ...OR...a new ED BROWN. Let's see,let me think on this a while. Hummmmm -----
January 20th, 2006 06:22 PM
How do you accidently add an extra ear(on the corn) to a quarter?
January 20th, 2006 06:59 PM
January 20th, 2006 10:47 PM
Hmmm - doubt I'll ever see one but - at least I know what to check for now!
Hmmm - a new gun (or more) for a quarter - good value
Chris - P95
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January 21st, 2006 04:50 PM
Didja ever notice the error on the New York Quarter? It shows the Statue of Liberty. The Statue of Liberty is in New Jersey. It used to be in New York but Jersey sued and won the suit so they now own the Island & Statue. I guess though, it's OK since it is in New York Harbor.
People sleep peaceably in their beds at night only because rough men stand ready to do violence in their behalf. - George Orwell
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