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What is a waffle coin?

Well, from what little knowledge I have on the topic, a waffle coin is a coin that doesn't meet the standards of the mint, and is put through a machine that 'waffles' them. The damage done purposefully makes the coins unable to circulate. There is a small market for waffled coins, and you can see some of them on eBay. Great.

What are canceled waffle coins?

These are called US Mint Canceled Waffle Coins. are 'Waffled' on the floor of the Mint (s). at another location, they would be scrap or damaged coins. of them that have not made it back to the smelters. the Denver Mint uses. Waffled. with a few exceptions.

How are waffles made?

They are created from error coins. When the mint mistakenly creates errors they waffle the errors and they are then shipped off to a vendor for melting. From what I gather , when a mint employee finds some errors in a bin, whether several or the whole bin they waffle them. Sometimes the waffles escape the mint and make their way to the market.

How would a waffled Coin escape the US Mint?

I was of the understanding that these waffled coins were scrap. How would this piece escape the US Mint? They sell the scrap. Astute marketers buy it and promote it. They are created from error coins. When the mint mistakenly creates errors they waffle the errors and they are then shipped off to a vendor for melting.

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