Coin Quiz

What current stat coin auction was closed to the public? Which resulted in many furious coin collectors?

Anyone know?

Really? If you have the magazine COINage you should know.

Never mind I will just post a new question. It will be in my next post.

1991

Mount Rushmore Golden Anniversary Gold $5
Mount Rushmore Golden Anniversary Dollar
Mount Rushmore Golden Anniversary Half Dollar

quote:

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Originally posted by coolg35748

What current stat coin auction was closed to the public? Which resulted in many furious coin collectors?

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The answer is the Ohio coin fund auction. The coins in the collection that belonged to the state of Ohio Workers Retirement Fund (managed by Mr. Noe) were recently offered at auction, however the auction was closed to the public and most coins received no bids. the result was that the entire collection was sold directly to a dealer at well below the coins' true market value. Unfortunately, the workers of Ohio were cheated again (maybe for the first time, since it is not entirely clear that Noe cheated them in the first place) because their government didn't know what it was doing and they failed to pay knowledgable people to do the job for them. They just allowed the same system that auctions off used snow plows and road constructions signs to sell the coins and it cost them big time!

Someone should have told them to "buy the book before selling the coin!"

The_Cave_Troll answered that question correctly.

Mr Noe and Mr Taft... what a pair. I have said enough while this whole thing was going on so I am not going to get started again... Taft is junk. I almost wish I would have voted for the democrat... almost.