ANNOUNCEMENT: TELESPHERE NUMISMATICS WEB SITE IS MOVING!
On March 13, 2007, Telesphere Numismatics entered an agreement to
transfer the Internet domain "telesphere.com" to another company.
The transfer is to be completed in mid-April 2007. The agreement
is exclusively for the rights to telesphere.com and does not involve
any other aspects of our business.
We are in the process of moving the Telesphere Numismatics web site
from its home of the last 12 years to http://www.telecoins.com
We want to emphasize that Telesphere Numismatics will remain in
business and, in fact, in the coming months will be better than
ever. This change is simply a matter that, after several months
of casual discussions, the other company made a very compelling offer
for telesphere.com that was the basis for a deal between the two
companies. Every reasonable
measure is being taken to make the transition as smooth as possible for
our customers, and we anticipate no delays in shipping orders during or
after the transition period. From our new Internet domain, we
will continue to provide the quality merchandise, competitive pricing
and outstanding service coin and paper money collectors have come to
expect since 1993.
PRESIDENTIAL DOLLAR COIN ERRORS
Little more than a month since the first of the dollar coins honoring
deceased former Presidents of the United States was released into
circulation, several interesting errors have already been
discovered. Meanwhile, online auctions have appeared hyping
supposed errors which are not.
Legislation for the Presidential Dollar program mandates that the date,
mintmark, and the phrases IN GOD WE TRUST and E PLURIBUS UNUM appear on
the coin's edge. Both the legitimate and imagined errors have to
do with the edge lettering.
The edge of most coins, whether smooth or reeded, is fixed during the
minting process by a device known as a collar. Coins are struck
under pressure high enough to force metal to flow outward. The
collar confines this flow to the intended diameter and texture.
However, the edge lettering of Presidential dollars is applied in a
separate process, opening the possibility of entirely new types of
Not long after the release date for the George Washington dollar, coins
without the edge lettering were reported (these coins bypassed the
machinery where the edge lettering is added). The smooth edged
coins, which were struck at the Philadelphia Mint, gained quick
notoriety including coverage in the mainstream media. Prices
jumped into 3 figures, before retreating to the $50 range. Demand
has been strong so far, and prices may remain volatile. We hear
that most of these coins have been discovered in northern Florida.
Coins with weak edge lettering have also been found, as have coins
where the edge lettering was applied more than once.
Recently, a Colorado couple discovered a dollar planchet that is
unstruck, save for the inscriptions on its edge. This coin lacks
the entire designs of both its faces but has normal edge lettering.
Because it's not difficult to smooth the faces or edge of a coin, it's
a good idea to purchase these errors only if certified by one of the
major independent grading and authentication services and/or offered by
a dealer who knows how to detect such coin alterations and has a
reasonable return policy should doubt arise about the coin's
Also in the "not really an error" category are Presidential dollars
with supposedly upside-down lettering. Which side of the coin is
up when the edge lettering is applied is random and therefore neither
orientation is rare or an error.
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