Michael Lohan & Corey Feldman -- Double Mug Shot

3/23/2011 1:00 PM PDT BY TMZ STAFF
What are the odds -- Michael Lohan and Corey Feldman bumping into each other at the West Hollywood Sheriff's station yesterday ... and to mark the historic occasion, they even posed for photographs.

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Michael had just been released after his domestic violence arrest on Monday -- and Corey had just stopped in to file a police report for his stolen leather jacket.

Law enforcement sources tell TMZ, Corey values his jacket at around $100,000 -- but a picture of Corey and Milo hugging it out at the Sheriff's station? That's priceless.