| Author |
Replies: 24 / Views: 3,030 |
Page 2 of 2
|
|
|
|
Bedrock of the Community
United States
12437 Posts |
The COMEX storage vaults were located under the WTC complex, some of the PMs were owned by foreign governments while others were owned by individuals and investment firms. Since the PMs were stored in vaults, they survived unscathed and were recovered several months after 9/11. Some of the PMs in the form of silver and gold Eagles were sold off and slabbed first by Collectors Universe(parent company of PCGS) and another batch was slabbed by PCGS.
|
|
Moderator
 United States
23522 Posts |
Quote: I would buy in a heartbeat if it was able to be proven! Well, if you won't believe the experts - the ones who kept an accounting of these coins, which we know to exist through the slabbing process, how can it be proven to you?
|
|
Pillar of the Community
United States
3644 Posts |
Great points! And you know what? I really don't thing pcgs would jeopardize their reputation unless they were 100% certain especially with something so sensitive as this
|
|
Moderator
 United States
23522 Posts |
I'm no fan of what they did but there's no question about their authenticity.
|
|
Pillar of the Community
United States
663 Posts |
I have a hard time with this as well SuperDave While I have no answer for what should be done with "memorabilia" from 9/11, it doesn't feel right making money off of it. And yes, this will probably be worth thousands years from now, but my heart wouldn't let me buy it. Wouldn't feel right.
Edited by Agrippa 04/02/2015 4:46 pm
|
|
Valued Member
 United States
415 Posts |
I disagree about their being no question about their authenticity. TPG's drop the ball all the time when it comes to not only grading but even attributing a coin as a different one. Example of this would be the recent posting of an 1853 arrows with a no arrows label and even CAC missed it....I know about the PM's stored in the under ground vaults of the WTC but who says those private firms didn't throw in a few extra monster boxes and claim they were from the recovery site?
|
|
Moderator
 United States
23522 Posts |
Then don't believe it. In the meantime, I have to contradict you publicly so all those readers who don't know aren't misinformed.
|
|
Bedrock of the Community
Australia
21788 Posts |
You will have to take their word at face value. I for one, have no reason to disbelieve.
|
|
Valued Member
 United States
415 Posts |
SuperDave, I definitely appreciate the information and you helped answer my original question. Thank you:)
|
|
Moderator
 United States
23522 Posts |
Well, for my part it is rather nice to deal with a gentleman for once.  Near as I can tell - someone correct me where I'm wrong - the coins went directly to Collectors Universe (PCGS parent company) from the WTC site, no "ownership" middleman involved. CU then slabbed a bunch in generic ungraded PCGS slabs over a CU label, and some via traditional PCGS grading. I don't know if you remember, but it didn't take long. I want to say they were on the market before the end of 2001.
|
|
Pillar of the Community
United States
1132 Posts |
Quote: my heart wouldn't let me buy it. Wouldn't feel right. Well said. That's bad mojo right there. I wouldn't accept it if it was free. I'd rather scrap the metal & donate the proceeds to the Wounded Warriors project, Operation Homefront, D.A.V. etc. You may as well be buying a star of David from a holocaust coat. It doesn't sit well with me.
Edited by CopperCastle 04/04/2015 05:05 am
|
|
Bedrock of the Community
United States
17884 Posts |
Quote: You may as well be buying a star of David from a holocaust coat. Those are available too. I've considered picking one or more of the different types from time to time.
|
|
Forum Dad
 United States
24185 Posts |
Quote: I really don't thing PCGS would jeopardize their reputation unless they were 100% certain They do it every time they slab a First Strike coin. Those coins are pulled and shipped at random from a warehouse. No one knows when they were struck and PCGS knows that.
|
|
Pillar of the Community
United States
3644 Posts |
I can appreciate all the opinions but I personally have no problem with it. People want them...they sell them...really,its part of what makes this country great 'free market'-that said I do wonder if part of the proceeds went anywhere?
|
|
New Member
United States
36 Posts |
People have always sold pieces of history, and people have bought it. Even if it's bad history, there is still a market for it. Look at the Binion Collection, that was no happy ending for Ted anyway, but all the coins from that sold, and as you say, how do we know they were actually from his collection. Companies put there reputation at stake with stuff like this, and most if not all would do there due diligence in research to verify they are selling what they say they are before offering the first one up for sale. People say they would never own one of those coins, but do you have a silver War Nickel, any depression era coins? There are so many other coins out there that people have sold and bought that in my mind would be considered worse, if you factor in the amount of lives lost and people changed forever. Coins with history, items with history, seem to always have a higher resale value, and for most collectors, there pieces are always better if there is a story behind it. Just my 2 cents worth.
|
|
Page 2 of 2
|
Replies: 24 / Views: 3,030 |
Page 2 of 2
|