Minting Errors Reaching Circulation
Coins with errors in the minting process that reach circulation are often seen as valuable items by coin collectors.
In 1983 the Royal Mint mistakenly produced some two pence pieces with the old wording "New Pence" on the reverse (tails) side, when the design had been changed from 1982 to "Two Pence".
In June 2009 the Royal Mint estimated that between 50,000 and 200,000 dateless 20 pence coins had entered circulation, the first undated British coin to enter circulation in more than 300 years. It resulted from the accidental combination of old and new face tooling in a production batch, creating what is known as a mule, following the 2008 redesign which moved the date from the reverse (tails) to the obverse (heads) side.
Read more about this topic: Coins Of The Pound Sterling
Famous quotes containing the words errors, reaching and/or circulation:
“Of all the errors which can possibly be committed to the education of youth, that of sending them to Europe is the most fatal. I see [clearly] that no American should come to Europe under 30 years of age.”
—Thomas Jefferson (1743–1826)
“As for Hitler, his professed religion unhesitatingly juxtaposed the God-Providence and Valhalla. Actually his god was an argument at a political meeting and a manner of reaching an impressive climax at the end of speeches.”
—Albert Camus (1913–1960)
“There is probably not more than one hundred dollars in cash in circulation today. That is, if you were to call in all the bills and silver and gold in the country at noon tomorrow and pile them on the table, you would find that you had just about one hundred dollars, with perhaps several Canadian pennies and a few peppermint Life Savers.”
—Robert Benchley (1889–1945)