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Wtc Ground Zero Coins

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United States
23522 Posts
 Posted 05/19/2007  4:22 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
Stephen, as a New Yorker I can see you being "closer" to the situation, and perhaps more qualified to make a moral judgment regarding the whole thing than I am. It just feels like blatant profiteering to me, taking advantage of a horrible tragedy just to fill your pockets. Not a penny of the money generated by these coins goes anywhere near the victims or the recovery effort.

As a counterpoint, though, I own a piece of coal recovered from the Titanic. Is that the same thing? Maybe so. Either way, this is only my own opinion, and I can easily understand and coexist with opinions about it different than my own.
Valued Member
United States
411 Posts
 Posted 05/19/2007  6:06 pm  Show Profile   Bookmark this reply Add Stephen420 to your friends list
UPDATE: The coin arrived today, less than 24 hours after ordering. That's apparantly because it was shipped from Brooklyn to Manhattan. It's quite beautiful, as you would expect an Eagle to be. It has a satin, rather than matte, finish. I'm probably going to be glad to have this. Thanks very much SuperDave and TSmith for your comments.
Pillar of the Community
Australia
1091 Posts
 Posted 05/19/2007  8:49 pm  Show Profile   Bookmark this reply Add toast to your friends list
The coin will serve as a reminder of that event. Something that is still so painful many people would rather forget. Yet in time this coin is a piece of History as coins recovered from hundred year old shipwrecks or old German coins with nazi symbols. It's history but gives off mixed emotions.

When my daughter was in Germany she bought me a tiny piece of concrete from the Berlin Wall.
Bedrock of the Community
United States
12437 Posts
 Posted 05/20/2007  12:39 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list
The vast majority of precious metals recovered from the WTC site was from the COMEX vaults (COMEX is the metals trading division of the New York Mercantile Exchange) in the sub-basement areas of the WTC complex. The most prevalent form was in bars but also US gold, silver, and platinum bullion Eagles, and foreign silver, gold, platinum, and palladium bullion coins.

The COMEX vaults held precious metals for the active commodities trading market but they also stored precious metals for clients. After most of the debris of WTC had been cleaned up, access to the basement area was possible. The vaults were uncovered and the contents were moved to other secure locations in the New York area.

A client that stored Silver American Eagles in the COMEX vaults on Sept 11 would have paperwork proving that those Eagles were there on that tragic day and they would be able to get the provenance listed on the slab. I believe that many more than 1,000 coins were slabbed as I remember counting over 100 separate listings on ebay alone in 2003 or 2004 when I first heard about them.

When a slab lists "Gem BU" that is a sign of a mass submission of hundreds or thousands of coins. It takes less time and is less expensive to grade a large quantity coins when you only have to determine that they are truly mint state. It all comes down to who submitted the coin- the largest holders probably did a bulk submission while some smaller holders had them graded accurately.
Edited by biokemist6
05/20/2007 03:39 am
Bedrock of the Community
United States
14454 Posts
 Posted 05/20/2007  02:00 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
I have mostly heard these coins called "blood coins" that PCGS and others tried to capitalize on a tragedy that happened because of all the strong feelings we all felt about 9-11
Valued Member
United States
383 Posts
 Posted 05/20/2007  10:14 am  Show Profile   Bookmark this reply Add Joeyuk to your friends list
Here is a quote from David Hall (PCGS) on the subject.

PCGS Answer: On the death coins. This was one of the toughest and touchiest decisions we ever made.
In the months following Sept 11, we were approached on numerous occasions to do coin-related projects. We rejected all the projects except one PCGS project from one source. After considerable thought, we decided to do the one PCGS project because we knew the people handling the deal very well, they assured us that everything would be handled in the best possible way, and they assured us a hefty donation would be made to the victims. It is our understanding that there are 4 direct retailers of these coins, that the two largest have committed to donating between 6% and 12% of the gross sales price to the fireman/victims funds, and that the largest retailer has raised close to $400,000 for the funds.
It was certainly not our intention to participate in anything that is disrespectful to our country or the victims of our National tragedy. I hope this is explains what we did and why we did it. Like I said, it was a touchy decision.


And on a related note here is a quarter PCGS specialy slabbed to auction off on the forum to raise money for the firefighters/police and familes effected. The auction raised about $45,000.
Wtc-Ground-Zero-Coins
Joe
Valued Member
United States
411 Posts
 Posted 05/20/2007  12:28 pm  Show Profile   Bookmark this reply Add Stephen420 to your friends list
Thanks to everyone for the info. I'm especially grateful to Joeyuk for the David Hall quote. Watching those towers fall was and remains the most incomprehensible thing I ever hope to see. Although I have lived within a five-mile radius of that site for 30 years, I've never been to Ground Zero since that day, never seen any of the movies - made for TV or otherwise, never re-visited that day except to listen to other people's stories and tell my own, until now. As of today anyway, I'm glad to have this coin. So, enough of all this. Looking over what I've written, I realize it may seem a little melodramatic to some. I'm sorry if I left that impression.
Valued Member
United States
383 Posts
 Posted 05/20/2007  1:02 pm  Show Profile   Bookmark this reply Add Joeyuk to your friends list
Your welcome Stephen420. I live in Kearny,NJ which is 15 miles due west of ground zero and has a view of the NY skyline. As an electrician in construction I often work on the Jersey City waterfront which as I'm sure you realize is directly across the Hudson River from ground zero. My birthday also happens to be Sept. 11(1962) so a day which should be happy often makes me sad as I also saw the towers burn etc... and it is no longer a good day for me.
I look at those coins as a piece of history to help us remember what happened and teach those that did not witness it. These I feel fall into the same catagory as shipwreck coins. And as such if shown respect desearv a place in the collections of those who chose to own them.
Joe
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United States
23522 Posts
 Posted 05/20/2007  4:58 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
quote:
And as such if shown respect desearve a place in the collections of those who chose to own them.


That makes all the difference in the world, Joeyuk. It may also be my less-than-favorable perception of PCGS which colors my thinking on the topic; they're wasting very little of their efforts these days improving their reputation as a responsible and customer-centric business, to say the least.
Rest in Peace
United States
3730 Posts
 Posted 05/21/2007  01:05 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list
A little off topic, but in 1999 I took our two sons to New York City. It was the first, and, as of now, our only trip to NYC.

I can remember standing on Battery Island and looking at the Twin Towers. I am pleased that we got to see them while they were still standing.
Valued Member
United States
150 Posts
 Posted 05/21/2007  6:12 pm  Show Profile   Bookmark this reply Add PSPVinyls to your friends list
Wtc-Ground-Zero-Coins

Is this coin considered a scam or is it worth it. It is supposedly made from the silver that was miraculously recovered from a bank vault found under tons of debris at Ground Zero. Somehow I doubt this, but I want to know everyone's opinion on it. Here is the link on it.
http://www.asseenontv.com/prod-page...orative.html
Notice the website so it's gotta be "genuine"
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United States
23522 Posts
 Posted 05/21/2007  7:20 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
quote:
Is this coin considered a scam or is it worth it.


Please, tell me you're joking, right?
Valued Member
United States
150 Posts
 Posted 05/21/2007  7:27 pm  Show Profile   Bookmark this reply Add PSPVinyls to your friends list
LOL, I was joking, I just thought it both interesting and wrong for those people who try to con people out of their money, ESPECIALLY with something that devastated the entire world.
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United States
23522 Posts
 Posted 05/21/2007  7:51 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
Well, I wasn't sure....it was on TV, after all.
Bedrock of the Community
United States
17884 Posts
 Posted 05/25/2007  7:11 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
quote:
The Brilliant Uncirculated versions were less-than-Gem examples which weren't worth the cost of precise grading, just slabbed and thrown into the market.


The Brilliant Uncirculated version was the first batch of coins from the towers that came out. They are not graded because they were not produced by a grading service. They were issued by Collectors Universe NOT PCGS even thouh they used PCGS shells. (If you look on the back you will see the Collectors Universe logo and not the PCGS Logo.) All of the Trade tower coins issued by PCGS are graded. At first all that PCGS slabbed were the 2001 coins, but then about six to eight months later the dam broke and they started slabbing anything and everything that came from the vaults, and they began creating special "limited edition" "sets" for dealers and numbered all of them 1 of XXX which allowed the dealers to hype each one of them as being some thing special because it was #1 of how ever many. And when they ran out they would just send the next batch in and create another "Limited edition" These were just a money grab.

And the vault did not survive the North Tower falling on it. The vault was in either tower 5 or tower 7.

That "popup" WTC piece. It probably does contain WTC silver. The silver is easy enough to acquire why would you not risk using it and possibly get found out.

That pop up of the towers is said to be layered with 15 milligrams of silver Well that is .015 grams. The silver from a SINGLE WTC death coin will provide enough silver to create 2000 of those coins. Thats $60,000 worth of sales from a single silver eagle. Why risk not using WTC silver?
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