Printer Friendly
The Free Library
4,544,878 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ADDING MULTIMEDIA Goldline International Acquires Washington Error Coins.


"In God We Trust" controversy for new Washington Presidential dollar; Hundred Year Old Curse for US Coinage?

SANTA MONICA, Calif. -- One hundred years after President Teddy Roosevelt's controversial decision to omit "In God We Trust" from America's most beautiful gold coins, a minting error has left God off our newest American coin.

Though inadvertent, a fraction of the 300 Million new Washington One Dollar coins are missing the inscription, "In God We Trust." This omission recalls a similar minting controversy 100 years earlier.

President Teddy Roosevelt, believing that God's name should not be placed on coinage that might be spent on immoral pursuits, ordered "In God We Trust" to be omitted from newly designed gold coins minted in 1907. The resulting uproar led to a Congressional act restoring the inscription which was added in mid-1908.

The new Washington dollar, part of a presidential coin series which culminates in 2016, inscribes "In God We Trust," "E Plurbus Unum" and the coin's year and mint mark along the edge of the coin. This edge-lettering is part of the coin's final production phase. Somehow, a small faction of the Washington coins were sent to bagging before the inscriptions could be added.

Conspiracy theorists have pondered whether this error represents an attempt to remove "In God We Trust" from America's coinage. The Mint has disclaimed any such intent and acknowledged the importance of the "In God We Trust" inscription. Mark Albarian, President and CEO of Goldline International, one of the nation's largest precious metals and rare coin trading companies, offered his support to the Mint's explanation. "This seems to be a true error where, through oversight, certain coins were omitted from the inscription process."

When the error was first discovered, early ungraded examples sold on eBay for $600. Albarian cautions consumers about potential fraud involving these coins. "I've heard stories of unscrupulous sellers filing the edges to remove the inscriptions, trying to make a common $1 coin look like the very expensive error." Albarian cautions anyone interested in these coins to buy coins that have been independently graded by a reputable grading service. "The average collector or investor doesn't have the experience to evaluate whether they are looking at an authentic Mint error or something that has been fraudulently altered."

Goldline International has acquired a limited quantity of the error coins independently evaluated by Professional Coin Grading Service. Goldline is currently offering the error coins while supplies last to existing and new clients who acquire selected gold and silver coins. "I think demand for this error coin will greatly exceed our supplies." Those interested in acquiring these coins should contact Goldline at 1-800-827-4653 or visit Goldline at www.goldline.com .

COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 16, 2007
Words:446
Previous Article:Remarks by the President and Prime Minister Bertie Ahern of Ireland in Shamrock Ceremony.
Next Article:Gafisa S.A., a Leading Brazilian Homebuiliding Company, Celebrates its Initial Public Offering on the NYSE.
Topics:



Related Articles
Local coin collector builds $1 billion firm. (A-Mark Precious Metals Inc. founder Steven Markoff)(Special Report: 100 Largest Private...
Statement by Edward W. Kelley, Jr., Member, Board of Governors of the Federal Reserve System, before the Committee on Banking, Housing, and Urban...
Coin Dealers Prosper From Interest in State Quarters.
Hello, Sacajawea . . .. . . and goodbye, George Washington?
Money mottos: reflections of liberty?
Green Hills Software's Integrity real-time operating system unleashes the power of Intel network processors.
Big bucks.(The LABJ's L.A. Stories)
NTT DoCoMo and LAWSON Agree on Alliance.
The FA in the long war: a new mission in COIN.(Field Artillery )(counterinsurgency)
Third time's the charm?(Editorials)(Mint tries again with $1 coin)(Editorial)

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles