Expert: PAPAJACK - 7/24/2007

Question
I have two gold dollar coins in which the side lettering is upside down(in respect to the face of the coin) I have been told that these are collectible coins worth money, is that correct?

Answer
Hello Barbara,                    

The US mint has no definite direction of what side is the right direction for printing the circulated dollar coins. Many are found with the edge inscriptions facing heads and tails. I found no added value for this condition.
Some dealers are getting the coins and selling them for outrageous prices but their value is questionable since there are probably millions out there.

There are also reports of the edge lettering missing altogether. As for value if the edge is not inscribed depends on how much you can sell them for. They seem to be a common item and I think the market does not consider it a true error coin but merely missing an operation in the minting process. These are more collectable to error collectors than ones with the edge lettering inverted.

The price surge you see when something is first discovered is not always an indicator of the true value but only speculation by people. If you are looking to sell them go to a coin shop soon I do not think it will be more valuable next year.
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Thank You and Good Luck

PapaJack