April 25, 2007
Effective immediately, PCGS will begin recognizing the up or down orientation of the edge lettering on Presidential Dollars, as follows:
POSITION A - Edge lettering reads upside-down when the President's portrait faces up
POSITION B - Edge lettering reads normally when the President's portrait faces up
The Mint applies edge lettering to the Presidential Dollars in a separate process after the coins are struck by the obverse and reverse dies. Although the orientation of the lettering is expected to be random, the relative rarity of Positions A and B has not been determined. However, neither position is expected to be rare because of the large numbers of Presidential Dollars that have been (and will be) produced.
PCGS's decision to recognize the orientation of the edge lettering on Presidential Dollars was based on important factors.
PCGS will place Position A or B designations on all new Presidential Dollar submissions at no extra charge. Collectors wishing to have the designation placed on Presidential Dollars previously certified by PCGS may resubmit their coins under the Designation Review Service for a fee of $10 per coin plus applicable shipping charges.
PCGS Guidance is based on the best information available at the time the guidance is developed. PCGS, at their discretion, may adjust guidance as new information becomes available.