Is Selling Of First Strikes A Continual Legal Issue

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mishap-coins Valued Member United States 344 Posts	Posted 03/24/2007 10:57 am Seems this case isn't over yet about the first strikes and those that are still being floated around by resale sellers. I wouldn't want to buy something that is actually phony! http://www.lipcon.com/news_article84.shtml Seems even the mint says the sell of these coins labeled this way are not legit in their terms and buyers beware. The United States Mint has issued George Washington Presidential $1 Coins only to the Federal Reserve. The Federal Reserve has made arrangements with banks and other financial institutions to ensure that these coins are in their inventories up to two weeks prior to the official public release date, February 15, 2007. George Washington Presidential $1 Coins will be available for purchase at face value to all members of the public at their local financial institutions beginning on February 15, 2007. The banks and other financial institutions that have entered into such arrangements have agreed not to distribute George Washington Presidential $1 Coins before this official public release date. The Presidential $1 Coins currently being offered for sale by private businesses, often with a considerable mark-up, are the same circulating quality coins that will be available to all members of the public from their local banks and other financial institutions on February 15, 2007. These are not the proof or uncirculated quality coins that are found in United States Mint proof and uncirculated coin sets, nor are they official "early releases" or "first strikes." Edited by mishap-coins 03/27/2007 09:47 am Report this Post to the Staff

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