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:
“Generally speaking, the errors in religion are dangerous; those in philosophy only ridiculous.”
—David Hume (1711–1776)
“The task of an American writer is not to describe the misgivings of a woman taken in adultery as she looks out of a window at the rain but to describe four hundred people under the lights reaching for a foul ball. This is ceremony.”
—John Cheever (1912–1982)
“We did not heed the sentries at the gate, nor did they us, and what under the sun they were placed there for, unless to hinder a free circulation of the air, was not apparent.”
—Henry David Thoreau (1817–1862)