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:
“When a Man is in a serious Mood, and ponders upon his own Make, with a Retrospect to the Actions of his Life, and the many fatal Miscarriages in it, which he owes to ungoverned Passions, he is then apt to say to himself, That Experience has guarded him against such Errors for the future: But Nature often recurs in Spite of his best Resolutions, and it is to the very End of our Days a Struggle between our Reason and our Temper, which shall have the Empire over us.”
—Richard Steele (1672–1729)
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—Clifford Irving (b. 1930)
“The circulation of confidence is better than the circulation of money.”
—James Madison (1751–1836)