The 1767 Louisiana cent bore the Latin inscription Sit Nomen Domini Benedictum, which translates to “Blessed be the name of the Lord.” The Christian faith was also incorporated in important documents, such as the First Charter of Virginia of 1606, the Mayflower Compact of 1620, and the Declaration of Independence. For example, the Carolina cent produced in 1694 included the inscription “God preserve Carolina and the Lords proprietors” on the reverse side. Since Christianity was the dominant religion in colonial America, colonial coins bore inscriptions that recognized the Christian faith. Following the American Revolutionary War, the Articles of Confederation authorized states to produce their own coinage and decide their value. People were using British pounds, Spanish milled dollars, and some colonies eventually created their own currency. In colonial America, various coinage from foreign countries circulated since it was newly established. The motto “In God We Trust” on money was created based on a number of derivatives that appeared on American coinage long before the US Mint was established in 1792. “We are adjusting the manufacturing process to try to eliminate the problems,” she said.History of “In God We Trust” on Money The obverse and reverse sides of the 1694 Carolina cent, via Professional Coin Grading Services The overwhelming majority of error coins are caught by inspectors and melted down.īailey said the striking of the Adams coin, expected to roll out in mid-May, will proceed as planned. The 215-year-old Philadelphia mint, located downtown on Independence Mall, employs about 500 people and last year produced about 7.8 billion coins. After Washington, the presidents to be honored on dollar coins this year will be John Adams, Thomas Jefferson and James Madison. The Washington dollars are the first in a series of presidential coins slated to run until 2016. In 2002, a 1933 double eagle was sold for $7.59 million-the highest price ever paid for a coin. coin to have words stamped around the edge since the storied 1933 $20 gold “double eagle,” among the rarest and most valuable in the world. That rumor may have started because the edge lettering cannot be seen in head-on photographs of properly struck coins. The coin’s design has already spurred e-mail conspiracy theories claiming that the religious motto was purposely omitted. “We’ve seen a couple of instances where the edge lettering may be weak or indistinct, but we’re not talking about that here.” These apparently skipped that process,” he said. “These coins are struck like normal coins, then they go through another machine that adds edge lettering in another process. Guth said it appeared from the roughly 50 smooth-edge dollars he has authenticated that the problem had to do with quality control rather than a mechanical error. The agency is looking into the matter to determine a possible cause in the manufacturing process,” the statement said. We also consider quality control a high priority. Ron Guth, president of Professional Coin Grading Service, one of the world’s largest coin authentication companies, said he believes that at least 50,000 error coins were put in circulation. So far the mint has only received reports of error coins coming from Philadelphia, mint spokeswoman Becky Bailey said.īailey said it was unknown how many coins lacked the inscriptions. Mint struck 300 million of the coins, which are golden in color and slightly larger and thicker than a quarter.Ībout half were made in Philadelphia and the rest in Denver. The flawed coins made it past inspectors and went into circulation Feb. The properly struck dollar coins, bearing the likeness of the nation’s first president, are inscribed along the edge with “In God We Trust,” “E Pluribus Unum” and the year and mint mark. Digital Replica Edition Home Page Close MenuĪn unknown number of new George Washington dollar coins were mistakenly struck without their edge inscriptions, including “In God We Trust,” and are fetching around $50 apiece online.
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