The general manager of the Chilean mint has been sacked for negligence after thousands of 50 peso coins were issued with the country’s name spelled wrongly. “On the 2008 batch of 50 peso coins, which are worth about 6p, the country's name was misspelt. Instead of C-H-I-L-E, the coins had C-H-I-I-E stamped on them, the BBC reports. If that wasn't bad enough, no one noticed the spelling mistake until late 2009. The coins have since become collectors' items and the mint says it has no plans to take them out of circulation. Locals have even been hoarding the coins in the hope they will rise in value. However, the mistake has cost the mint's general manager, Gregorio Iniguez, and several other employees, their jobs.
It is not the first embarrassing blunder at the Chilean mint. Last October, someone there sold a rare medal, which should have been housed in the institution's museum, to a coin collector.”