The wavy step or trails error is a die error that is found on some United States minted coins beginning in 1986. The anomaly occurs during the die making by the single-squeeze hubbing process.
While the exact cause of "trails/wavy steps" is not known, it is believed to be caused by movement of the die against the hub during the single squeeze hubbing process. Similarities exist between this anomaly and the doubled die, however, the major difference is that a doubled die is a duplication of a design element, while a "trail" die is an extension of a design element.
In 1986 The Annual Report of the Director of the Mint for financial year 1986, states that the mint had been experimenting with a new single-squeeze hubbing system. In the year 1996, the mint announced at the opening of the Denver Mint's die shop that the cent, nickel, and dime dies would be made from this process. It took until 1999 to include the rest of the denominational coins' dies to be produced by this method.
While the purpose of the single-squeeze hubbing process's creation was to entirely eliminate the doubled die error, not only has it failed to do so, but also it has produced this die anomaly whose properties are similar in nature. This anomaly, known as "wavy steps" or "trails", is considered a variety type error since it is found on every coin that the particular affected die produces.
The die anomaly, "trails", began to occur in the year 1986, shortly after the mint began experimenting with the single-squeeze hubbing process and persists even up to 2011. Up to 2011, over 1,200 examples of dies affected with this anomaly have been found on cents, nickels, dimes, quarters, and dollars.
The first wavy step die was discovered in 1995 on a 1994 Lincoln cent from the Philadelphia mint. It was not until 2003 that this die variety gained popularity when another die, a 2003 Lincoln cent, was discovered and written about in Coin World magazine. It was only a matter of time that more and more of these varieties began to be uncovered. It wasn't until the year 2003 that the name "wavy steps" was affixed to this anomaly.
The phrase "trail" die was first thought of in the year 2000, when Ken Potter observed lines trailing off some of the design elements of a wavy step die. Comparison of other dies that carried both "wavy steps" and "trails" showed that the lines from both anomalies traveled in the same exact direction. From this, it was ascertained that these anomalies were one and the same thing with the only difference being the direction that the lines took.
Coins of the United States dollar – aside from those of the earlier Continental currency – were first minted in 1792. New coins have been produced annually and they comprise a significant aspect of the United States currency system. Circulating coins exist in denominations of 1¢, 5¢, 10¢, 25¢, 50¢, and $1.00. Also minted are bullion, including gold, silver and platinum, and commemorative coins. All of these are produced by the United States Mint. The coins are then sold to Federal Reserve Banks which in turn put coins into circulation and withdraw them as demanded by the United States economy.
1943 steel cents are U.S. one-cent coins that were struck in steel due to wartime shortages of copper. The Philadelphia, Denver, and San Francisco mints each produced these 1943 Lincoln cents. The unique composition of the coin has led to various nicknames, such as wartime cent, steel war penny, zinc cent and steelie. The 1943 steel cent features the same Victor David Brenner design for the Lincoln cent which had been in use since 1909.
Mint-made errors occur when coins are made incorrectly at the mint, including anything that happens to the coin up until the completion of the minting process. Mint error coins can be the result of deterioration of the minting equipment, accidents or malfunctions during the minting process, or interventions by mint personnel. Coins are inspected during production and errors are typically caught. However, some are inadvertently released into circulation. Modern production methods eliminate many errors and automated counters are effective at removing error coins. Damage occurring later may sometime resemble true mint errors. Error coins may be of value to collectors depending on the rarity and condition. Some coin collectors specialize in error coins.
Die deterioration doubling (DDD) is a common form of mint-made error on many United States and Canadian coins that results from degradation of the die used to strike the coin.
The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. The U.S. Mint is one of two U.S. agencies that manufactures physical money. The other is the Bureau of Engraving and Printing, which prints paper currency. The first United States Mint was created in Philadelphia in 1792, and soon joined by other centers, whose coins were identified by their own mint marks. There are currently four active coin-producing mints: Philadelphia, Denver, San Francisco, and West Point.
The dime, in United States usage, is a ten-cent coin, one tenth of a United States dollar, labeled formally as "one dime". The denomination was first authorized by the Coinage Act of 1792.
Proof coinage refers to special early samples of a coin issue, historically made for checking the dies and for archival purposes. In modern times, proofs are often struck in greater numbers, especially for coin collectors (numismatists). Nearly all countries have issued proof coinage.
The two-cent piece was produced by the Mint of the United States for circulation from 1864 to 1872 and for collectors in 1873. Designed by James B. Longacre, there were decreasing mintages each year, as other minor coins such as the nickel proved more popular. It was abolished by the Mint Act of 1873.
The 1955 doubled die cent is a die variety that occurred during production of the one cent coin at the United States Mint in 1955.
In Canada, a dime is a coin worth ten cents. It has been the physically smallest Canadian coin since 1922; it is smaller even than the country's penny, despite its higher face value. According to the Royal Canadian Mint, the official national term of the coin is the 10-cent piece, but in practice, the term dime predominates in English-speaking Canada. It is nearly identical in size to the American dime. Unlike its American counterpart, the Canadian dime is magnetic due to a distinct metal composition. From 1968 to 1999, it was composed entirely of nickel, and since 2000, it has consisted of a steel core with plating composed of layers of nickel and copper.
The half dime, or half disme, was a silver coin, valued at five cents, formerly minted in the United States.
Doubled die is a term in numismatics used to refer to a duplication of design elements on a working die created due to a misalignment of the die or hub during the hubbing process. Strength of the doubling can vary from very slight and isolated to extreme and widespread. The exact cause of the doubling can also vary, which is why a class system was created to outline the known and hypothesized causes.
The Mercury dime is a ten-cent coin struck by the United States Mint from late 1916 to 1945. Designed by Adolph Weinman and also referred to as the Winged Liberty Head dime, it gained its common name because the obverse depiction of a young Liberty, identifiable by her winged Phrygian cap, was confused with the Roman god Mercury. Weinman is believed to have used Elsie Stevens, the wife of lawyer and poet Wallace Stevens, as a model. The coin's reverse depicts a fasces, symbolizing unity and strength, and an olive branch, signifying peace.
The West Point Mint is a U.S. Mint production and depository facility erected in 1937 near the U.S. Military Academy in West Point, New York, United States. As of 2019 the mint holds 22% of the United States' gold reserves, or approximately 54,000,000 troy ounces (1,700,000 kg). The mint at West Point is second only to the gold reserves held in secure storage at Fort Knox. Originally, the West Point Mint was called the West Point Bullion Depository. At one point it had the highest concentration of silver of any U.S. mint facility, and for 12 years produced circulating Lincoln cents. It has since minted mostly commemorative coins and stored gold.
This glossary of numismatics is a list of definitions of terms and concepts relevant to numismatics and coin collecting, as well as sub-fields and related disciplines, with concise explanations for the beginner or professional.
The Shield nickel was the first United States five-cent piece to be made out of copper-nickel, the same alloy of which American nickels are struck today. Designed by James B. Longacre, the coin was issued from 1866 until 1883, when it was replaced by the Liberty Head nickel. The coin takes its name from the motif on its obverse, and was the first five-cent coin referred to as a "nickel"—silver pieces of that denomination had been known as half dimes.
Coin roll hunting is the hobby of searching and sorting coinage pulled from circulation for collectible coins. This is achieved through obtaining rolled coin, boxed coin, or bagged coin from banks and credit unions. A variant of this practice involves banknotes and is carried out in essentially the same fashion, normally to search for unusual serial numbers, star notes, and misprints.
Minting, coining or coinage is the process of manufacturing coins using a kind of stamping, the process used in both hammered coinage and milled coinage. This "stamping" process is different from the method used in cast coinage.
The Lincoln cent is a one-cent coin that has been struck by the United States Mint since 1909. The obverse or heads side was designed by Victor David Brenner, as was the original reverse, depicting two stalks of wheat. The coin has seen several reverse, or tails, designs and now bears one by Lyndall Bass depicting a Union shield. All coins struck by the United States government with a value of 1⁄100 of a dollar are called cents because the United States has always minted coins using decimals. The penny nickname is a carryover from the coins struck in England, which went to decimals for coins in 1971.
US error coins are error coins produced by the US government. There are three categories of error coins as provided by the American Numismatic Association. Metal usage and striking errors referred to widely as planchet errors, die errors, and mint striking errors. This does not include the varieties that the US Mint has issued over the years.