I have a bindingsource control called binding, on a form in VS2012, and a DateTimePicker control bound to it.
for the binding properties I have MinDate = 1/01/1753
The cause of the exception may be that the DatePicker's DataBinding "Value" property has been set to a BindingSource field. Only the DatePicker's DataBinding "Text" property needs to be set for the data binding to work correctly. Check if there is a value in the DatePicker's DataBinding "Value" property field, once removed the issue should go away.