Thursday, March 15, 2007

Check Your Wallet for Godless coin

Check Your Wallet for a Godless Coin

CBNNews.com
CBNNews.com - If you have one of the new George Washington coins, chances are there's something missing on it.

A number of coins were accidentally printed without the inscription "In God We Trust." The coins somehow managed to make it past inspectors and were put into circulation Feb. 15.

The properly printed coins have the inscription "In God We Trust," "E Pluribus Unum" along the edge.

So far reports of the mistake have come from people with coins made at the Philadelphia Mint. The coins are also produced in Denver.

Ron Guth, president of Professional Coin Grading Service, believes at least 50,000 error coins were put in circulation. But spokeswoman Becky Bailey, said it's it not known how many coins don't have the inscription.

"The first one sold for $600 before everyone knew how common they actually were," Guth said. "They're going for around $40 to $60 on eBay now, and they'll probably settle in the $50 range."

According to a statement from the mint, the problem should not occur again now that a "new, complex, high-volume manufacturing system" has been put in place.

"We take this matter seriously. We also consider quality control a high priority. The agency is looking into the matter to determine a possible cause in the manufacturing process," the statement said.

The coin's design has already sparked rumors of a conspiracy saying that the religious motto was purposely left off.

The Washington dollars are the first presidential coins to be released. The next presidents to be honored in 2007 will be John Adams, Thomas Jefferson and James Madison.

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