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:
“Repent, repent, and from old errors turn!’
Who listened to his voice, obeyed his cry?
Only the echoes, which he made relent,
Rung from their marble caves ‘Repent! Repent!’”
—William Drummond, of Hawthornden (1585–1649)
“Not that success, for him, is sure, infallible.
But never has he been afraid to reach.
His lesions are legion.
But reaching is his rule.”
—Gwendolyn Brooks (b. 1917)
“The denunciation of the young is a necessary part of the hygiene of older people, and greatly assists the circulation of their blood.”
—Logan Pearsall Smith (1865–1946)