| The US Mint has reportedly struck between | | | | irregular James Monroe Presidential $1 Coins have |
| 70,000 and 140,000 Monroe Presidential Dollars on | | | | been sent to the Nation's banks. The United |
| planchets intended for State Quarters. Instead of | | | | States Mint expects to make an estimated 103 |
| using the golden color coin blanks associated with | | | | million James Monroe Presidential $1 Coins. |
| the dollar coins, the silver colored blanks used for | | | | It is possible that not all of the irregular coins |
| State Quarters was accidentally used. As a result, | | | | were found by the private contractors or that |
| the error coins will appear silver in color instead of | | | | some were wrapped before the problem was |
| the intended golden. | | | | detected. If any of the error coins find their way |
| A private contractor of the U.S. Mint detected the | | | | into private hands it would add to the interesting |
| errors. The private contractor was wrapping the | | | | variety of Presidential Dollar error coins which |
| coins prior to distribution to banks. Workers noted | | | | have already surfaced. Previously coins have been |
| the appearance of "irregular coins" within the | | | | identified with missing edge lettering and double |
| Monroe Dollars from the Philadelphia Mint. The | | | | edge lettering. |
| United States Mint was immediately contracted | | | | Presidential Dollars are supposed to have the |
| and all of the irregular coins were supposedly | | | | mottos "In God We Trust" and "E Pluribus Unum" |
| recovered. These will be returned to the Mint to | | | | along with the date and mint mark inscribed on |
| presumably be destroyed. | | | | the edges of the coin. Missing Edge Lettering |
| The US Mint has issued the following statement: | | | | Errors occur when the inscriptions are missing |
| In mid-January, the United States Mint's | | | | from the coins. These coins can also be called |
| coin-wrapping contractor alerted the agency when | | | | Smooth Edge or Plain Edge Errors. |
| it found some irregular James Monroe Presidential | | | | In a few cases, the edge lettering has appeared |
| $1 Coins. The coins in question were immediately | | | | twice or doubled. Sometimes the doubled lettering |
| returned to the United States Mint. The United | | | | is right side up and sometimes it is inverted. |
| States Mint has performed an internal inquiry and | | | | These errors are referred to as Double Lettering |
| presently has no evidence to indicate that any | | | | or Double Inverse Lettering Errors. |